Greek shipping company Neptune Lines has placed an order for two next-generation vessels, specially designed for its short sea trades, with Fujian Mawei shipyard in China. The 4,200 CEU dual-fuel pure car truck carrier (PCTC) vessels will be delivered in 2026. The new vessels are being ordered under
Australian energy company Santos has executed a binding sale agreement to deliver Papua New Guinea’s Kumul Petroleum Holdings a 2.6% participating interest in PNG LNG for a total purchase consideration comprising cash of $576 million and the assumption of ca. $160 million of project finance debt (th
Horisont Energi has signed a Letter of Intent (LoI) with energy company PGNiG Upstream Norway (PUN), part of Poland’s ORLEN Group, under which PUN aims to enter as a partner and operator in the only CO2 exploration license in the Barents Sea. The Norwegian Ministry of Petroleum and Energy announced
Swiss marine power company WinGD and shipbuilder Samsung Heavy Industries (SHI) have agreed to cooperate on the installation of WinGD’s X-DF-A dual-fuel ammonia engines on forthcoming newbuild vessels. The two companies signed a memorandum of understanding during the Gastech conference in Singapore
To support its long-term expansion plan to increase production from 70 million tons per annum (mtpa) to more than 100 mtpa of nameplate LNG export capacity, U.S. Venture Global has executed an expanded master equipment supply agreement with compatriot Baker Hughes. The agreement includes the deliver
Japan’s JERA, through its subsidiary JERA Americas, has signed a Heads of Agreement (HoA) with Uniper Global Commodities in Germany and ConocoPhillips in the United States (U.S.) for the sale to Uniper of low-carbon hydrogen/ammonia produced in the U.S. JERA said that the company will contribute to
Finland-based fuel supply systems provider Auramarine Ltd has secured an order to supply methanol fuel supply systems for three 15,000 DWT hybrid tankers for Swedish shipping company Terntank. The ships are being built at China Merchants Jinling Shipyard (Yangzhou), with the first vessel of the seri
Classification society ABS signed a memorandum of understanding (MoU) with the Korea Hydrogen Industry Association (KHIA) and the University of Ulsan, Foundation for Industry Cooperation (UOUFIC) to develop a small vessel equipped with electric propulsion using a 350-kW hydrogen fuel cell.
The world’s four major classification societies American Bureau of Shipping (ABS), DNV, Lloyd’s register (LR), and Bureau Veritas (BV) have issued an approval in principle (AIP) to Hudong-Zhonghua (HZ) Shipyard for its new liquified natural gas (LNG) carrier design, currently the world’s largest wit
Leveraging digital tools to tap into advanced well-performance analytics in the cloud helps producers to get ahead of the demand curve.
U.S.-based Commonwealth LNG and Switzerland-based MET Group have entered into a Heads of Agreement (HoA) for the sale and purchase of one million tons per annum (mtpa) of liquefied natural gas (LNG) for 20 years from the Commonwealth LNG facility currently under development in Cameron, Louisiana, U.
A fleet of 55 carbon dioxide (CO2) carriers will be required by 2030 to meet the upcoming demand from the offshore storage projects, according to Rystad Energy, which estimates that more than 90 million tonnes per annum (tpa) of CO2 will be shipped by the end of the decade. The estimated volume will
Wood Mackenzie’s report shows that the FLNG sector is thriving and ready for new capacity with Africa positioned at the heart of this growth.
ACWA Power, a Saudi developer, investor and operator of power generation, water desalination and green hydrogen plants worldwide, has signed strategic agreements with six Italian partners to bolster cooperation in the fields of green hydrogen, water desalination and research and development (R&D). T
