South Korean shipbuilder Hyundai Samho Heavy Industries hosted a christening ceremony last week for Euronav’s two tanker newbuilds, MV Brest and MV Bristol. The two 157,000 dwt Suezmax tankers were ordered back in 2021 costing $186 million en-bloc, and including $4.2 million in additions and upgrade
The Institute for Energy Economics and Financial Analysis (IEEFA) has reported that the gap between Europe’s LNG capacity and demand continues to widen. Europe has added six new LNG terminals in 2023, plus a previously mothballed terminal and a new floating storage regasification unit (FSRU) that is
BP has achieved production growth, a reduction in net debt, and a “robust” operating cash flow, based on its results for 3Q 2023.
Japanese shipping company NYK has started the conversion of the liquefied natural gas (LNG) fueled tugboat Sakigake to an ammonia-fueled tugboat at Oppama factory of Keihin Dock Co.
Malaysian shipping company MISC Berhad (MISC) has signed binding heads of agreement (HOA) with Pengerang LNG, a subsidiary of PETRONAS Gas Berhad (PGB), for an LNG floating storage unit (FSU) to be deployed at the PETRONAS LNG regasification terminal Pengerang in Johor, Malaysia. Under the agreement
TotalEnergies, Eni, ExxonMobil and Chevron have reported strong operating and financial performance in the third quarter of 2023.
The state-owned operating company Deutsche Energy Terminal (DET), responsible for the marketing and operation of the four LNG terminals (FSRU) on the German North Sea coast, has for the first time marketed regasification capacities of the terminals in digital auction rounds. On a total of six market
PetroVietnam Gas Corporation (PV Gas) has held an inauguration ceremony at the Cai Mep Industrial Park, Phu My Town, Ba Ria-Vung Tau, Vietnam, for the Thi Vai LNG terminal. According to PV GAS, the Thi Vai LNG terminal officially being put into operation is the ultimate result of the company’s effor
Australian energy infrastructure developer Venice Energy and its compatriot energy provider Origin Energy have agreed on a structural framework that will underwrite the commercial viability of the Outer Harbor LNG import terminal to be built at Port Adelaide. The agreement will see Origin become the
France-headquartered energy major TotalEnergies has announced the commissioning of the Cape Ann, the floating storage and regasification unit (FSRU) for liquefied natural gas (LNG) located in the port of Le Havre. The company informed that the terminal injected its first megawatt-hours (MWh) of gas
Italy’s energy giant Eni has signed a sales and purchase (SPA) agreement with Indonesia’s Merakes LNG Sellers to secure additional 0.8 billion cubic meters (bcm) per year of LNG. The agreement comes into effect in January 2024 and will run for three years, in addition to the contract with Jangkrik L
The Netherlands-based Huisman is launching a renewed series of its subsea knuckle boom cranes for use in the subsea construction market, taking into account energy efficiency, automation and safety. The new, optimized series includes models starting from 85mt up to 350mt and covers both setups with
Oman LNG has signed shareholder agreements with several international companies, including Shell, as part of its strategic roadmap to extend the existing agreements and continue business beyond 2024. At the ceremony held on October 23, the state-owned company signed Oman LNG and Qalhat LNG sharehold
Tango floating liquefied natural gas (FLNG) and Excalibur floating storage unit (FSU) have set sail to Congo as Eni prepares to start up the first phase of its Congo LNG project in December 2023. Following refurbishment carried out by Exmar, the two vessels sailed away from Dry Docks World yard in D
