Search results for: hai long 2

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  • Origin flags up to $868.3 mln impairment charge

    15 July 2020
    Business & Finance

    Australia’s power and gas retailer Origin Energy is expecting to take a $812.2 to $868.3 million hit in its full-year 2020 results.

  • Dutch project for producing bio-LNG awarded $4.8M in funding

    13 December 2021
    Business Developments & Projects, Project & Tenders

    Bio-LNG bunkering project FirstBio2Shipping, developed by Attero in Wilp, will receive €4.3M million ($4.8 million) funding from the EU.

  • K Line, partners forge ties with JFE Steel on creation of CCS value chain rooted in Japan

    19 June 2023
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Green Marine, Infrastructure, Outlook & Strategy, Research & Development, Transition

    Japanese industry majors Japan Petroleum Exploration Co. (JAPEX), JGC Holdings Corporation (JGC HD), Kawasaki Kisen Kaisha (K LINE), and JFE Steel Corporation have joined hands to embark on a collaborative evaluation with the goal of establishing a carbon capture and storage (CCS) value chain rooted in Japan. This effort aligns with their ongoing joint study […]

  • QatarEnergy agrees to supply LNG to Germany for at least 15 years

    29 November 2022
    Business & Finance, Business Developments & Projects, Outlook & Strategy

    QatarEnergy has signed two long-term LNG sale and purchase agreements with ConocoPhillips affiliates to deliver up to 2 million tons per annum (mtpa) of LNG from Qatar to Germany. Under the two agreements, a ConocoPhillips wholly-owned subsidiary will purchase the agreed quantities to be delivered ex-ship to the German LNG receiving terminal, which is currently […]

  • Zvezda lays keel for 1st of three LNG-powered MR tankers

    31 March 2021
    Vessels

    Russian Zvezda Shipbuilding Complex held a keel-laying ceremony on Tuesday for the first of three ice-class MR product tankers, ordered by SCF Atlantic, a subsidiary of SCF Group. The MR-type product carrier will be operating on LNG as a marine fuel as a means of cutting sulfur and NOx emissions. The 1B-ice class tanker will have a […]

  • Danfoss to power Hong Kong’s two hybrid-electric ferries

    2 May 2023
    Business Developments & Projects, Equipment, Vessels

    Danfoss Power Solutions’ Editron division has signed a contract with Cheoy Lee Shipyard to deliver the hybrid-electric marine drivetrain system powering two new hybrid-electric ferries. 

  • A win for coexistence in North Sea | BP and Ørsted reach agreement on offshore wind-CCS project overlap area

    26 June 2023
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Infrastructure, Regulation & Policy

    Ørsted and BP have reached an agreement on the previously disputed overlap area between the Hornsea Four offshore wind farm and the Endurance carbon storage site, developed by the Northern Endurance Partnership (NEP) that gathers BP, Equinor and TotalEnergies. Quick overview: Ørsted submitted an application for the development consent order (DCO) for the 2.6 GW […]

  • TGE Gas Engineering wins EPC contract for Shenzhen LNG project

    9 June 2023
    Business Developments & Projects, Collaboration, Outlook & Strategy, Project & Tenders, Research & Development

    Natural gas distribution company Shenzhen Gas Corporation has awarded LNG storage contractor TGE Gas Engineering with an EPC contract for the Shenzhen LNG Storage and Peak Shaving II expansion project in China. TGE will perform this project in a consortium with CIMC Enric Engineering Technology (CET) and China Construction Second Engineering Bureau (CSCEC). According to […]

  • USA: Port of Long Beach, OOCL to Sign USD 4.6 Billion Middle Harbor Lease

    24 January 2012

    The Port of Long Beach has reached a tentative agreement on a 40-year, $4.6 billion lease with Orient Overseas Container Line (OOCL) for the Middle Harbor property, in what would be the largest deal of its kind for any U.S. seaport, Port of Long Beach Executive Director J. Christopher Lytle announced Thursday. The lease has […]

  • DSME scores Hyundai LNG carrier deal

    31 May 2021
    Business Developments & Projects, Infrastructure, Project & Tenders, Vessels

    South Korean shipbuilding major Daewoo Shipbuilding and Marine Engineering (DSME) has won an order for the construction of a large LNG carrier from Hyundai LNG Shipping.

  • Lithuania’s Energy Ministry sends Letter of Expectation to Klaipedos Nafta

    9 March 2023
    Authorities & Government, Business Developments & Projects, Outlook & Strategy, Regulation & Policy

    AB Klaipedos Nafta has received a Letter of Expectation from its shareholder, the Ministry of Energy of the Republic of Lithuania, which owns 72.47% of the company’s shares. According to Klaipedos Nafta, the Letter of Expectation confirms the direction of the changes sought by the company and enables the company to purposefully create and implement […]

  • Construction of Eni’s second Congo-bound FLNG unit gains ground

    5 April 2023
    Business Developments & Projects

    Chinese shipyard Wison Heavy Industry, a subsidiary of Wison Offshore & Marine Limited (WOM), is advancing construction works on a 2.4 million tonnes per year (mtpa) floating liquefied natural gas (FLNG) unit ordered by Italian oil and gas company Eni. According to the shipyard’s social media update, the hull steel-cutting ceremony was held on 31 […]

  • PGNiG says Gazprom did not slash gas prices

    27 April 2020
    Business & Finance, Business Developments & Projects

    Poland’s dominant gas firm PGNiG claims that Russian giant Gazprom has not reduced gas prices despite a court ruling last month. The arbitration tribunal in Stockholm ruled in March that Gazprom must pay PGNiG about $1.5 billion in a pricing dispute case. The court also ruled that a gas pricing formula in PGNiG’s Yamal long-term […]

  • PipeChina connects Yuedong LNG terminal to three cities

    3 March 2021
    Business Developments & Projects, Operations & Maintenance

    State-owned China Oil and Gas Pipeline Network (PipeChina) launched a 115-km-long gas transmission pipeline that connects the Yuedong LNG terminal to three cities in Southern Chinese province Guangdong.

  • Hyundai Heavy to attempt unmanned maiden ocean trip in very large LNGC

    27 July 2021
    Business Developments & Projects, Infrastructure, Operations & Maintenance, Vessels

    South Korea’s Hyundai Heavy Industries (HHI) plans to test out a maiden transoceanic voyage in a self-operated very large liquefied natural gas carrier (LNGC).

  • Japan’s GSC develops ammonia-ready LNG-fueled Panamax bulker

    21 April 2022
    Business Developments & Projects, Certification & Classification, Innovation, Regulation & Policy

    Classification society ClassNK has issued an approval in principle (AiP) for the design of an ammonia-ready LNG-fueled Panamax bulk carrier developed by Japan’s Planning and Design Center for Greener Ships (GSC).

  • Croatian LNG capacity booked for next three years

    16 June 2020
    Business Developments & Projects, Project & Tenders

    State-owned LNG Croatia, the developer of the country’s first import terminal, said Monday that all of the capacities at the planned Krk facility have been booked for the next three years. The LNG terminal on the Croatian island of Krk in the northern Adriatic Sea will have a capacity to send up to 2.6 billion […]

  • OMV Petrom goes into LNG distribution

    22 June 2021
    Business Developments & Projects, Operations & Maintenance, Outlook & Strategy

    South-Eastern Europe’s largest integrated energy company OMV Petrom has obtained a license to commercialize LNG.

  • Gunvor Group extends its $1.565 billion LNG syndicated borrowing base facility

    11 January 2023
    Business & Finance, Business Developments & Projects, Project & Tenders

    Gunvor Group, an independent trader of liquefied natural gas (LNG), has renewed its syndicated borrowing base facility to support the working capital needs of the company’s growing LNG activities globally. According to Gunvor, the syndication, signed at $1.135 billion in 2021, launched at $1.2 billion and was oversubscribed, with lenders that included more than 20 […]

  • AGL releases Crib Point LNG EES

    3 July 2020
    Infrastructure, Ports & Logistics

    Australian utility AGL Energy has issued the Environmental Effects Statement (EES) for the Gas import jetty and pipeline project at Crib Point, Victoria.

  • Wärtsilä inks service deal for JB Corp LNG-fueled gensets

    28 October 2020
    Business Developments & Projects, Operations & Maintenance

    The Finnish technology group Wärtsilä has signed a long-term Optimised maintenance agreement with South Korean energy provider JB Corporation.

  • BASF joins forces with CSSC on onboard carbon capture tech

    14 June 2023
    Business & Finance, Business Developments & Projects, Collaboration, Green Marine, Outlook & Strategy, Research & Development, Technology, Transition

    CSSC Power Co., a wholly-owned subsidiary of the China State Shipbuilding Corporation (CSSC), and the world’s largest chemical producer BASF have teamed up on expediting the progress of onboard carbon capture (CO2 capture) systems for commercial maritime applications.  The partnership is expected to leverage CSSC Power’s research and development capabilities as well as manufacturing and supply of marine engines and […]

  • 15 MW Siemens Gamesa turbines for US offshore wind farm

    26 May 2020
    Business Developments & Projects, Equipment, Technology

    Siemens Gamesa Renewable Energy will conditionally supply SG 14-222 Direct Drive offshore wind turbines to the 2,640 MW Dominion Energy Coastal Virginia Offshore Wind (CVOW) commercial project. This project will be home to Siemens Gamesa’s latest offshore turbine variant having the capability to produce up to 15 MW with a 222-metre rotor. The exact quantity […]

  • N-Sea targets better subsea solutions with newly chartered vessel

    31 January 2022
    Business Developments & Projects, Project & Tenders, Vessels

    N-Sea Group has signed a long-term vessel agreement with EDT Offshore for an advanced DP-3 multi-purpose offshore support vessel with a track record in subsea services.

  • DEME: Doha Airport Built on Reclaimed Land Becomes Fully Operational

    3 June 2014
    Business & Finance, Project & Tenders

    With the relocation of all operational activities in recent days, the new Doha (Qatar) Airport has become fully operational. Hamad International Airport was built on land that was reclaimed from the Gulf waters. DEME realised this platform for the new airport – a project for which it reclaimed more than 60 million m³ sand in […]