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Scorpio Tankers firms up options for five ships, sells one MR tanker
Monaco-based shipping company Scorpio Tankers has entered into an agreement to sell an MR product tanker, and has exercised the purchase options on five ships.
Norwegian subsea company makes ‘giant leap’ into Asian market with new contract
Norwegian supplier of subsea products and services IK Group has secured a contract to deliver clamps to an oil & gas pipeline emergency repair base in China, said to mark a giant leap for the company into the Asian market. IK Subsea and its in-country partner PAG Subsea Technology (Guangzhou) have s
Hanwa Group to build zero-emission gas carrier powered by alternative fuels
Dong Kwan Kim, Vice Chairman of South Korean business conglomerate Hanwha Group, has unveiled a new vision for the decarbonization of shipping and introduced Hanwha’s plans to build a zero-emission gas carrier at the 2024 World Economic Forum (WEF) meeting in Davos, Switzerland.
COSCO hands over first FSRU to Cyprus
Shanghai COSCO Shipping Heavy Industry, a subsidiary of COSCO Shipping Heavy Industry, has held a delivery ceremony for the floating storage and regasification unit (FSRU) Etyfa Prometheas, which will serve the first Cyprus LNG import terminal in Vasilikos. According to COSCO, the project is China’s
K Line unveils fleet expansion move with methanol-ready bulk carriers
Japanese shipping company Kawasaki Kisen Kaisha (K Line) has embarked on an interesting fleet expansion move in the bulk shipping sector. Namely, K Line has inked a contract with compatriot shipbuilder Nihon Shipyard, a joint venture between Japan Marine United Corporation (JMU) and Imabari Shipbuil
WoodMac’s gas and LNG trends to watch in 2024
Aside from European gas prices being down 45%, Wood Mackenzie’s forecast indicates that flat global demand is on the horizon this year.
Clean Hydrogen Partnership issues €113.5M call for hydrogen projects
Clean Hydrogen Partnership has launched a new hydrogen research call for proposals where a total of €113.5 million will be made available through Horizon Europe for projects to cover R&I activities across the whole hydrogen value chain. Furthermore, an additional €60 million, coming from the RePower
New cost estimation tool streamlines decision-making for oil & gas and offshore wind projects
FutureOn and Rystad have launched a digital tool that integrates up-to-date cost estimation with live project data for energy developments.
Neste and partners conclude research project for accelerated commercial-scale production of synthetic e-fuels
Neste and partners have concluded a three-year e-fuel research project demonstrating high-temperature electrolysis (SOEC), carbon capture, and hydrocarbon synthesis technologies and covering all parties in the value chain from carbon capture to green hydrogen and fuel production, logistics, and user
Shell sanctions North Sea tie-back to TotalEnergies’ UK gas hub
Shell has taken a final investment decision (FID) to develop a gas field in the UK sector of the North Sea.
Industry titans Maersk and Hapag-Lloyd forge operational cooperation deal
Container shipping industry giants Hapag-Lloyd and Maersk have signed an agreement for a new long-term operational collaboration called ”Gemini Cooperation”, which will start in February 2025. “Teaming up with Maersk will help us to further boost the quality we deliver to our customers. Additionally
Shell joins BP and numerous shipping giants in putting all Red Sea shipments on ice as vessel attacks escalate
Shell is the latest firm in a long line of companies, which decided to steer clear of the Red Sea shipping route in response to rising Houthi vessel attacks.
World’s largest LNG-powered car carrier named and delivered
Earlier today SAIC Group, a prominent Chinese automotive manufacturer, officially named and commissioned the LNG dual-fuel car carrier SAIC Anji Sincerity. Constructed by CSSC Jiangnan Shipyard, the vessel, featuring 7,600 parking spaces, is exclusively built for SAIC Anji Logistics, a subsidiary of
California teetering on the brink of ending offshore oil drilling, as bill triumphs over first legislative snag
Senator Dave Min’s bill to stop offshore oil drilling in California’s waters has now passed its first major legislative hurdle.