U.S. energy infrastructure company New Fortress Energy (NFE) has revealed its financial results and business achievements for the second quarter of 2023. The company reported adjusted EBITDA of $246 million in the second quarter of 2023 and $686 million in the first half of 2023, as well as net inco
Cedar LNG, a partnership between the Haisla Nation and Canadian energy infrastructure company Pembina Pipeline, has pushed the final investment decision (FID) to the fourth quarter of 2023 due to the second front-end engineering design (FEED) process for the floating LNG vessel. Prior to this, FID f
The world’s largest container shipping firm MSC has returned to Chinese shipbuilder Zhoushan Changhong International Shipyard with an order for an additional ten LNG-powered containerships. The deal will see Zhoushan Changhong International Shipyard build ten LNG-powered behemoths each boasting a 10
Japan’s Mitsui E&S has received orders for two units of WT-3 high-pressure boil-off gas (BOG) compressor from its compatriot Mitsubishi Shipbuilding. According to Mitsui, the WT-3 BOG compressors will be delivered as one of LNG fuel supply systems of dual-fuel engines to be equipped on 210,000 DWT L
Pipelaying activity for Gastrade’s Alexandroupolis LNG terminal, the first offshore LNG project in Greece, has been completed. On 8 August, oilfield services provider Saipem shared an update on social media stating its pipelay vessel Castoro 10 had completed the activity in the North-East of Greece,
The Norwegian government has given its stamp of approval for the Equinor-operated Snøhvit Future project, which comes with plans for the future operation of Snøhvit and Hammerfest LNG, subject to certain conditions.
Bermuda-based shipping company Himalaya Shipping, a rising star in the dry bulk industry, is well on its way on its transition path into a fully operational company, thanks to timely investments in the ‘right ships’. One of the key highlights of the first half of 2023 for the company was the deliver
Russian shipyard Zvezda Shipbuilding Complex has launched a new ice-class ARC7 LNG carrier for the Arctic LNG 2 project. According to Zvezda, the vessel was named Sergei Witte and has a capacity of 172,600 m3. It is the third unit in a series of fifteen LNG carriers ordered by Sovcomflot and being b
The German Environmental Aid (Deutsche Umwelthilfe – DUH) has filed a lawsuit against the operation of the LNG terminal ship Neptune in Lubmin on the Baltic Sea as it considers it illegal. With the lawsuit at the Federal Administrative Court, the DUH is demanding that Deutsche ReGas revoke the licen
The world’s largest LNG bunkering ship Hai Yang Shi You 301 (Offshore Oil 301) has completed its first ship-to-ship bunkering operation involving a very large crude carrier (VLCC) at the anchorage of Guangzhou Port. The 8.5-hour operation saw Offshore Oil 301 provide the 320,000-ton dual-fuel tanke
Mexico Pacific, a developer of the LNG export project in Puerto Libertad, Sonora, has signed long-term LNG sales and purchase agreements with the U.S. energy giant ConocoPhillips. Under the agreement, ConocoPhillips will purchase approximately 2.2 million tonnes per year (mtpa) in aggregate of LNG a
MSC Mediterranean Shipping Company has joined SEA-LNG, the multi-sector industry coalition established to demonstrate the benefits of the LNG pathway as a route to shipping’s decarbonization. In recent years, MSC has made investments in LNG-fuelled vessels in the different sectors it operates. In 20
Industrial gases company Air Products has signed agreements to supply its proprietary LNG process technology and equipment to Rio Grande LNG Phase 1 Project being developed by NextDecade in Brownsville, Texas. Air Products entered into agreements with Bechtel Energy Inc., an EPC contractor on the Ri
Coastal GasLink, the 670-kilometre pipeline that will transport natural gas to the approved LNG Canada facility near Kitimat, is nearly 92% complete, according to the latest construction update. Summer construction season is in full swing and the project is moving closer to mechanical completion by
