2022 has been a stellar year for methanol as an alternative fuel for ships as owners look to solutions to decarbonize their fleets. Based on the data from DNV, there are currently a total of 82 methanol-powered ships in operation and on order. The figure grew considerably from what we reported in Au
With the global energy crisis still running the show, Wood Mackenzie has outlined ten predictions for the energy industry in 2023.
Boluda Towage, part of Spain’s Boluda Corporación Marítima, has dispatched four tugs to Lubmin, a small port located in the German Bay of Greifswald in the Baltic Sea region. The company has played a central role in the planning for the maneuvering of the floating storage and regasification unit (FS
Planned investments in gas infrastructure amounting to $245 billion across Africa, are in danger of turning into stranded assets.
A report by Hydrogen Council, a global CEO-led initiative that brings together companies with a united vision, suggests that hydrogen needs to grow sevenfold to support the global energy transition, eventually accounting for 10% of total energy consumption by 2050. The report, named Sufficiency, sus
While 2022 was marked by a global energy crisis and price volatility, 2023 is still uncharted territory for the oil and gas industry.
Japan’s oil and gas producer Inpex has invested in CarbonOrO Holding, a Dutch startup developing a carbon dioxide capture technology expected to reduce cost by enabling the capture and desorption of carbon dioxide mainly contained in the industrial exhaust gas at lower temperatures and higher pressu
The year behind us was marked by a plethora of challenges which have impacted the global energy industry, including liquefied natural gas (LNG) sector. Geopolitical turmoils followed by the worldwide energy crisis culminated in the ongoing race for the security of diverse supplies, with LNG taking t
Among the top deals, which have been awarded in 2022 are the ones secured by the U.S.-based McDermott and Italy’s Saipem.
In the wake of Russia’s war in Ukraine, the offshore energy industry was thrown for a loop, which resulted in price volatility.
As the world prepares to say goodbye to an eventful 2022, offshore energy industries are reviewing their activities and making new plans to deliver on the net-zero target. Despite numerous challenges to this goal, the year behind us ends the similar way it started – with renewables in the spotlight.
MacGregor, part of Cargotec, has secured a large order to supply RoRo equipment for two 6,900 CEU Pure Car and Truck Carriers (PCTCs) to be built at Shin Kurushima Toyohashi Shipbuilding for K Line in Japan. The order was booked into Cargotec’s 2022 third-quarter order intake. The first vessel is sc
Bermuda-based owner and operator of liquefied gas carriers Seapeak has completed the acquisition of Danish shipping company Evergas. On 29 December, Seapeak, formerly known as Teekay LNG Partners, said it had completed the previously announced acquisition of Greenship Gas Trust and Greenship Gas Man
Russia’s state-owned shipping company Sovcomflot (SCF Group) has welcomed into the fleet a new generation LNG-fuelled Aframax oil tanker Okeanskiy Prospekt. The 112,650 dwt ship was built at the Zvezda SSC in Primorsky Territory, and its construction was financed by the Russian state development cor
