A gas discovery of the scale of Turkey’s Tuna-1 find in the Black Sea, if developed, would be transformational for the country, given its overwhelming reliance on imports and crippling energy import bill, according to Wood Mackenzie.
South Korean shipping company HMM has signed a memorandum of understanding (MOU) with the Korea BioEnergy Association, Hyundai Heavy Industries Co., Korea Shipbuilding & Offshore Engineering Co., and the Korean Register of Shipping to develop marine biofuels. An HMM Spokesperson told Offshore Energy
Liquefied petroleum gas (LPG) transporter, Avance Gas, has agreed the sale of another one of its very large gas carriers to a third party for $35 million.
Chinese shipbuilder Jiangnan Shipbuilding has signed a contract with AW Shipping Limited, a joint venture company between the Abu Dhabi National Oil Company (ADNOC) and Wanhua Chemical for the construction of three 86,000 cbm very large gas carriers (VLGC) with LPG dual fuel. As disclosed, the ships
Reliance Bangladesh LNG & Power have secured funds for a gas-fired power generation project in Bangladesh.
Liquefied natural gas (LNG) containment specialist GTT signed a technical services agreement (TSA) with the Hong Kong-based Fleet Management.
OptiFuel Systems said it is in the process of finalizing a $2.6 million U.S. Department of Energy (DOE) grant to demonstrate a pre-production Renewable Natural Gas (RNG) hybrid 4,300 hp line-haul locomotive.
Spanish LNG services provider HAM Group expanded its liquefied natural gas (LNG) fueling network in Irún, Gipuzkoa.
Nine Japanese industry majors, including shipping companies and shipyards, have joined forces in the Ship Carbon Recycling Working Group with the aim of studying carbon recycling for the purpose of powering ships. Participating members include EX Research Institute Ltd., Hitachi Zosen Corporation, J
BW LPG, a unit of the Singapore gas shipping giant BW, has sold its old carrier Berge Summit to an unidentified owner for continued trading. The LPG shipper says the sale would generate about $9 million in liquidity and an expected net book gain of $4 million. BW took ownership of the 1990-built ver
The Methanol Institute (MI) has joined a study led by the China Waterborne Transportation Research Institute (CWTRI), the think tank of the Chinese Ministry of Transport, which will consider the technical and operational requirements for the use of methanol as a marine fuel.
A Shell study released on Tuesday exploring how the shipping industry is working to slash its emissions has confirmed LNG as one of the main transition fuels. The report named “Decarbonizing Shipping: All Hands on Deck” is a joint research by Shell and Deloitte. Shell says the report lays a “roadmap
The Nordic energy company Gasum has opened a new heavy-duty transport LNG filling station in Lieto, Finland.
China Merchants Energy Shipping (CMES) has agreed to acquire 70% of equity interest in Singapore-based bunker trader China Merchants Energy Trading (CMET) from a sister company China Merchants Hoi Tung. The tanker and oil shipping giant said the move was aimed at ensuring a sustainable supply of fue
