Classification society ABS, French containment specialist Gaztransport & Technigaz (GTT) and DHT Holdings have signed a joint development project (JDP) to optimize a new, very large crude carrier (VLCC) with liquified natural gas (LNG) propulsion.
French LNG containment specialist GTT has received an order from the Chinese shipyard Dalian Shipbuilding Industry Co. (DSIC) for the tank design of two new liquefied natural gas carriers (LNGCs). The order came on behalf of Sea Jade Investment, a joint venture owned by Hong Kong-based shipping comp
UK-based energy major BP has entered its third long-term liquefied natural gas (LNG) offtake contract from the Woodfibre LNG facility based in British Columbia, Canada. The contract involves the offtake of 0.45 million tons of LNG per year (mtpa) for 15 years on a free-on-board (FOB) basis, and acco
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
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
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.
Engineering and technology company Technip Energies has announced SnapLNG, an innovative modular, pre-engineered and standardized solution for LNG decarbonized production. It is a 2.5 mtpa electrically driven LNG train solution comprised of reproducible modules ready for delivery and installation. T
Norwegian owner and operator of LNG carriers and FSRUs Höegh LNG has entered into a strategic partnership with oil major Aker BP to develop a fully comprehensive carbon capture and storage (CCS) offering for industrial CO2 emitters in Northern Europe. Under the agreement, the two companies plan to c
Chinese powerhouses Cosco Shipping Energy and Sinopec Kantons Holdings, a subsidiary of China Petroleum & Chemical Corporation (Sinopec), have signed an order for the construction of three 175,000 cbm liquified natural gas carriers with the compatriot shipbuilder Dalian Shipbuilding Industry Co. Det
