LNG shipping company Flex LNG will take redelivery of the 2019-built Flex Constellation as the carrier’s current charterer, a trading house, has decided not to exercise its extension option. Flex Constellation was fixed on a three-year time charter on May 17, 2021, with an option to extend the perio
Denmark has announced its Green Fuels Alliance India (GFAI) initiative in a bid to boost collaborative efforts between the two countries in the sustainable energy solutions sector and advance their joint global goal towards carbon neutrality.
A final investment decision (FID) has been taken to develop an innovative natural gas and CO2 separation and reinjection facility for the Mero field offshore Brazil, developed by the Libra Consortium and operated by Petrobras. The pilot unit, using a pioneer high-pressure subsea separation technolog
Australian energy major Woodside has signed a non-binding memorandum of understanding (MoU) with SK E&S, a part of South Korean conglomerate SK Group, to enable studies on the potential development of a lower-carbon hydrogen value chain, including hydrogen, ammonia and other related products. Accord
Biden’s energy dossier confirms his willingness to bend over backward to uphold his values and clean energy agenda, but will America’s energy transition grind to a halt under Trump’s reign if he gets another term?
Seaborne trade has witnessed a notable uptick in 2023, registering a 3% increase to a $12.4 billion, according to data from Clarksons Research. The global maritime landscape further unveils a 3% growth in the world fleet, reaching an 2.3 billion deadweight tons (dwt). Despite this expansion, the new
Vitol Asia, a unit of a Switzerland-based energy and commodities company Vitol, and GAIL (India), the largest natural gas supplier under India’s Ministry of Petroleum and Natural Gas, have signed a deal for the annual supply of approximately one million metric tons of LNG for a period of approximate
South Korean shipbuilder Hanwha Ocean has reportedly entered into a unique agreement with compatriot rival Samsung Heavy Industries (SHI), marking the first-ever collaboration between two shipbuilding heavyweights. While specifics of the deal remain undisclosed, reports suggest that Hanwha Ocean wil
Norwegian owner and operator of LNG carriers and FSRUs Höegh LNG has extended and expanded its services to LNG import terminal Sociedad Portuaria el Cayao (SPEC LNG) in Cartagena, Colombia. Höegh LNG said the agreement with SPEC enables continuity and increase of energy supply through at least 2031,
Aker BP has teamed up with technology provider Vissim to adopt an upgraded oil spill detection solution across its key offshore installations. Set to be installed at Aker BP’s major facilities, including Valhall, Ula, Edvard Grieg, Ivar Aasen, Alvheim, and Skarv, this upgraded, radar-based oil spil
Norwegian ship recycling expert Grieg Green has acquired a majority stake in ReFlow, a Danish lifecycle analysis provider.
Cedar LNG, a partnership between the Haisla Nation and Canadian energy infrastructure company Pembina Pipeline, has selected South Korean shipbuilding major Samsung Heavy Industries (SHI) and U.S. LNG infrastructure solutions company Black & Veatch to provide engineering, procurement and constructio
The maritime industry stands at the nexus of geopolitical intricacies, grappling with unprecedented challenges that demand astute navigation and strategic foresight. The latest attacks in the Red Sea against merchant ships come on the back of a series of black swan events, each more intricate and ch
“A lot of people talk about digitalization, but digitalization is not a purpose in itself, but it can be an enabler to meet changing customer demands,” said Maaike de Rover, Program Manager Digitalization, Huisman. During the Huisman session at the Offshore Energy Exhibition & Conference (OEEC) 2023
