U.S.-based Commonwealth LNG has closed an investment of development capital from private funds managed by Kimmeridge Energy Management Company, boosting the development of its LNG export project in Louisiana, U.S. The investment is said to complete the development funding required for Commonwealth L
The North Sea Transition Authority (NSTA) has awarded a license for a carbon capture and storage (CCS) project encompassing the “UK’s largest depleted gas field” in its first competitive carbon storage license round. The NSTA has awarded Perenco UK and Carbon Catalyst with a license to progress thei
To support its green hydrogen project in Namibia, Hyphen Hydrogen Energy has signed a partnership agreement with ILF Consulting Engineers. Under the agreement, ILF will provide project management services and technical expertise to drive Hyphen’s project in Namibia, as well as procurement and contra
Oslo-listed RoRo vessel operator Wallenius Wilhelmsen ASA has signed a letter of intent for delivery of four 9,350 CEU methanol-capable and ammonia-ready vessels and individual options for an additional eight car carriers. The four vessels are set for delivery from mid-2026 and onwards by China’s Ji
The Global Centre for Maritime Decarbonisation (GCMD) has bunkered the third supply chain of a biofuel blend as part of its pilot to develop a quality, quantity and GHG abatement assurance framework for drop-in green fuels. Partnering with Singapore-based tonnage provider Eastern Pacific Shipping (E
Singapore’s shipbuilder Strategic Marine has commissioned an emissions study to validate greenhouse gas emissions reduction using the Sea Forrest Green Cabin Energy Saving System. Sea Forrest is a company specializing in delivering energy management solutions through marine electric and hybrid propu
Jiangnan Shipbuilding, a subsidiary of China State Shipbuilding Corporation (CSSC), has started building a new wharf to facilitate the construction of large-scale LNG carriers. According to a statement by CSSC, Jiangnan Shipbuilding held a groundbreaking ceremony on 10 August for this wharf project
Suiso Frontier, the world’s first liquefied hydrogen carrier built by Kawasaki Heavy Industries (KHI), is scheduled to arrive at the Sultan Qaboos Port in Muscat, Oman, today (14 August). According to local media reports, the ship departed Abu Dhabi and is heading to Muscat for its first visit to th
Oman LNG has signed a binding term-sheet agreement with German Securing Energy for Europe (SEFE) to supply 0.4 million metric tons per annum (mtpa) of LNG starting from 2026. According to a report from the Omani state news agency, the agreement, based on a 4-year contract, aims to enhance the partne
The successful completion of the oil transfer operation from the FSO Safer marks a significant milestone in averting a potential environmental and humanitarian catastrophe in the Red Sea. However, the mission is far from over, as the next crucial steps involve making a decision that would ensure the
Philippine-based company ACEN has outlined plans to develop approximately 1GW of floating solar plant capacity on Laguna Lake, the largest freshwater lake in the Philippines.
Fugro has carried out what is said to be the first-ever remotely operated subsea inspection using an uncrewed surface vessel (USV) in the Middle East. Having commissioned the region’s first-ever government-licensed USV in early 2023, Fugro has now carried out its first USV operation for a client in
Australian electrolyser company Hysata has inaugurated its new 8,000 sqm global headquarters and electrolyser manufacturing facility in Port Kembla, marking a milestone in the company’s journey and paving the way for the commercialization of its high-efficiency electrolyser. The Australian Governmen
Tankers took the lead in the demolition market, comprising approximately 43% of all scrapped cargo vessels in 2022, according to insights from VesselsValue. Despite this dominance, the number of tankers scrapped actually decreased by 55% YoY, dropping from 123 in 2021 to 55 in 2022. In comparison, t
