The government of the Federal Republic of Germany has signed a five-year contract with the US-based liquefied natural gas (LNG) company Excelerate Energy to charter the floating storage and regasification unit (FSRU) Excelsior. The government chartered the FSRU to help provide energy security and su
Svanehøj Tank Control Systems has secured a ‘large order’ to deliver the tank gauging systems for six 220,000 cbm LNG tanks at the Longkou Nanshan LNG terminal which is under construction in China. The company received an order from COOEC, one of the largest EPCI contractors for the offshore oil and
DOF Subsea Australia has been convicted in the Magistrates Court of Western Australia of three counts of an employer “negligently breaching” health and safety duties under the Offshore Petroleum and Greenhouse Storage Act 2006, the National Offshore Petroleum Safety and Environmental Management Auth
Jiangnan Shipbuilding, a subsidiary of China State Shipbuilding Corporation (CSSC), has signed letters of intent to construct six new ships worth around $1 billion.
Seapeak, formerly known as Teekay LNG Partners, has entered into a deal with Jaccar Holdings to acquire Danish shipping company Evergas for $700 million. Evergas owns and operates two very large ethane carriers and eight multigas/LNG carriers. All are on fixed-rate time charters to Ineos and are cap
The upcoming liquefied natural gas (LNG) terminal in Bar, Montenegro, will serve Balkan countries, playing a crucial role as an LNG storage provider and distributor to provide energy security in the context of the current energy crisis, LNG Alliance said. Currently, there is no operating LNG termina
The Cruise Division of MSC Group and French shipbuilding company Chantiers de l’Atlantique have announced the delivery of the world’s largest LNG-powered cruise ship and one of the first to incorporate fuel cell technology.
in an environment where there is a scarcity of renewable fuels, the question arises whether it is a sustainable pathway for shipping to take a limited amount of renewable energy and apply it to an industry where you only get 25% utilization of what you’re starting with.
Qatar’s state-owned oil and gas company QatarEnergy has selected Shell as its second international partner in the North Field South (NFS) liquefied natural gas (LNG) expansion project, following the selection of TotalEnergies as the first international partner in the project. Under the partnership a
Winter is at our doorstep and concerns over the security of energy supplies are growing with each passing day. Over the past several months, governments and industries put their efforts into finding ways to tackle both energy and climate crises at the same time. The struggle continues with new regul
Chinese shipbuilder Shanghai Waigaoqiao Shipbuilding (SWS) has delivered the second 109,000-dwt Aframax dual-fuel tanker Proteus Iwona to Bank of Communications Financial Leasing Co (BoComm). This vessel is the first 109,000-dwt Aframax dual-fuel tanker classed by the China Classification Society (C
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has won a contract for the construction of two LNG carriers worth around $500 million (KRW 710 billion). Each vessel has secured a price of $250 million, a record vaue for local shipbuilders, Yonhap reports citing DSME. The LNG
Sempra Infrastructure, a subsidiary of Sempra, and Bechtel Energy have amended and restated the fixed-price engineering, procurement and construction (EPC) contract for the proposed Phase 1 of the Port Arthur LNG project under development in Jefferson County, Texas. The amended contract includes an
Germany has ordered police to guard liquefied natural gas (LNG) terminals under construction as it prepares a law to strengthen the protection of critical infrastructure, Reuters reports. Germany’s interior minister Nancy Faeser told Reuters on 19 October that police were ordered to protect the LNG
