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Energy Mix News

28 Feb 2024

Qatar's Bigger LNG Expansion to Squeeze US, Other Rivals

(File photo: QatarEnergy)

Qatar's planned expansion of liquefied natural gas (LNG) production could see it control nearly 25% share of the global market by 2030 and squeeze out rival projects including in the United States where President Biden paused new export approvals, market experts say.Qatar, one of the world's top LNG exporters, plans an 85% expansion in LNG output from its North Field's current 77 million metric tons per year (mtpa) to 142 mtpa by 2030, from previously expected 126 mtpa.Some market experts said that the move will have an impact on global projects in the United States…

19 Feb 2024

Eidesvik-Agalas JV to Build New IMR Vessel on Charter with Reach Subsea

(Credit: Reach Subsea)

Eidesvik Offshore, together with Norwegian shipowner Agalas, has entered into an agreement to build a new construction support vessel (CSV), which is on charter with Reach Subsea.The newbuild will be equipped to perform inspection, maintenance and repair (IMR) work for subsea and offshore wind markets.Equipped with methanol engines and a battery hybrid system, the vessel will be owned by an entity to be named Eidesvik Agalas AS, where Eidesvik will be the majority owner with 50.1%.The…

15 Feb 2024

CMA CGM Takes Delivery of LNG-Powered Mermaid Containership

CMA CGM Mermaid containership (Credit: CMA CGM)

French container shipping group CMA CGM has taken delivery of the CMA CGM Mermaid, the first ship in a series of 10 new 2,000 TEU containerships powered by liquefied natural gas (LNG), which will be progressively deployed in the Mediterranean and Northern Europe.CMA CGM Mermaid containership is the result of collaboration between CMA CGM, Chantiers de l'Atlantique, and Hyundai Heavy Industries.The delivery is part of CMA CGM's fleet renewal program, in which the group invested more than $15 billion…

15 Jan 2024

Corvus to Integrate Ammonia Cracker with Its Pelican Fuel Cell

(Image: Corvus Energy)

Corvus Energy on Monday announced it has been awarded funding through the EU's Horizon Europe Framework Program for the integration of ammonia cracker technology with its Pelican Fuel Cell system.The project, titled “APOLO”, is a collaboration between several partners and aims to solve the challenges of power conversion from ammonia and develop an efficient and flexible ammonia cracking technology for the maritime sector.The four-year program, which started January 1, 2024, will…

13 Dec 2023

Three Winners for Japan's 2nd Offshore Wind Power Tender

Copyright pixardi/AdobeStock

Japan's industry and land ministries on Wednesday picked three consortia, including one featuring Germany's RWE and its partners, to operate offshore wind farms in the second round of a public auction. They said they would award a fourth wind farm that was part of the tender at a later date.The results of the second major round under a new law to promote wind power were closely watched by energy companies at home and abroad, after the first round was dominated by Mitsubishi Corp.Japan's…

11 Oct 2023

DNV: “The Pace of the Transition is Far from Fast Enough”

Source: DNV

DNV has released the 7th edition of its Energy Transition Outlook highlighting that global energy-related emissions are still climbing and are only likely to peak in 2024. “The pace of the transition is far from fast enough for a net-zero energy system by 2050,” states the report.Over the last five years (2017–2022) renewables met 51% of new energy demand and fossil sources 49%. In absolute terms, fossil-fuel use is still growing.“Our prediction is that emissions from oil use will peak in 2025 and those from natural gas in 2027,” says Remi Eriksen, Group president and CEO.

03 Oct 2023

Belize to Make Biofuel from Problem Seaweed

© ENRIQUETA / Adobe Stock

Belize is developing a pilot project to convert the masses of foul-smelling sargassum seaweed swamping its pristine beaches into biofuel, its prime minister said in a statement published by regional Caribbean bloc CARICOM on Tuesday.Many Caribbean countries depend economically on drawing travelers from around the world to their white sand beaches, but since 2010 heaps of rotting seaweed have been massing on the shores for reasons scientists do not yet fully understand but suspect are related to climate change.Floating sargassum provides shelter and food for marine animals but as it washes asho

03 Aug 2023

India's GAIL Close to Finalizing Qatar LNG Purchase Deal

Credit: Anatoly Kolodey/AdobeStock

GAIL (India) Ltd is close to finalizing a long-term liquefied natural gas (LNG) import deal with Qatar to buy at least 1 million metric tons per year, potentially for more than 20 years, three industry and trade sources said.The deal would be part of GAIL's plans to lock in new supply contracts by 2030 to diversify its gas imports and hedge against supply disruptions like those seen after Russia's invasion of Ukraine last year, when LNG prices surged to a record high.Neither state…

03 Aug 2023

Harsh Weather Offshore LNG Terminal Firm Crown to Merge with Catcha

Kakinada LNG terminal (Illustration by Aker Solutions)

Crown LNG Holdings AS, a provider of LNG liquefaction and regasification terminal technologies for harsh weather locations, has agreed to merge with Catcha Investment Corp, a publicly traded special purpose acquisition company, that would result in Crown becoming a U.S. publicly listed company. The combined company, named Crown LNG Holdings Limited (“PubCo”), intends to apply to list its shares on the New York Stock Exchange under the new ticker symbol “CGBS”.Crown designs and…

25 May 2023

First US-Built Offshore Wind Substation Sets Sail

©Orsted

Offshore wind developers Ørsted and Eversource marked the sailaway of the first U.S.-built offshore wind substation, which departed a Texas fabrication facility Wednesday. The substation is transiting across the Gulf of Mexico and then up the East Coast for installation at the South Fork Wind project site in a few weeks.Kiewit Offshore Services, Ltd. (Kiewit), the largest offshore fabricator in the U.S., designed and built the substation, which will be deployed at Ørsted and Eversource’s South Fork Wind project serving Long Island…

21 Apr 2023

Japan Receives First Low-carbon Ammonia Shipment from Saudi Arabia

©MOL

Japan received its first low-carbon ammonia cargo from Saudi Arabia on Friday, which it plans to use for co-firing with fossil fuels to reduce carbon emissions, a joint statement from the four companies involved in the deal said. Energy-poor Japan wants to add hydrogen and ammonia to its energy mix, a move criticized by climate activists as costly and not fully effective. Japan has agreed with a number of countries to study hydrogen and ammonia supply chains. Ammonia shipped to…

17 Mar 2023

Vattenfall Picks Port for Giant Norfolk Offshore Wind Zone

©Peel Ports

Renewable energy developer Vattenfall has selected the port at Great Yarmouth, run by infrastructure specialists Peel Ports, as the preferred location for the operations and maintenance base for the Norfolk Offshore Wind Zone.When completed, Vattenfall’s Norfolk Offshore Wind Zone will be able to power around 4.6 million households.According to Peel Ports around 130 new jobs would be created with staff directly employed for the lifetime of the project which is around 35 years.

01 Mar 2023

Greece's First FSRU Project Starts with Conversion at Keppel

(Image courtesy Gaslog)

Work has begun to develop Greece’s first Floating Storage Regasification Unit (FSRU) at the Keppel shipyard in Singapore, with the conversion of GasLog’s DNV classed LNGC Gaslog Chelsea, recently renamed Alexandroupoli.Following conversion, FSRU Alexandroupoli will serve as an offshore storage and regasification facility and will be part of the Alexandroupolis Independent Natural Gas System (INGS). The 155,000-cbm LNG carrier, recently reflagged to the Greek flag, is the first FSRU conversion under the Greek Flag for operation in the Aegean Sea.

10 Feb 2023

HST Marine's Second Hybrid-Electric CTV Welcomed by British Maritime Leaders

HST Frances docked at St Katharine Docks, London ©HST Marine

Offshore crew transfer firm HST Marine has welcomed the arrival of its new UK-built hybrid-electric crew transfer vessel (CTV), HST Frances.The ceremony was attended by Nusrat Ghani MP, UK Minister of State (Dept. for Business and Trade and the Cabinet Office) and senior British maritime industry leaders.HST Frances is HST Marine’s second hybrid electric CTV. The 25-meter vessels can carry 12-24 industrial personnel, and its hybrid electric propulsion system cuts fuel consumption by 30% compared to similar CTVs powered by diesel engines, the company, owned by Purus Marine, said Friday.

25 Jan 2023

Norwegian Marine Seismic Player Enters Offshore Wind Market

Illustration only - A PGS survey vessel

Norwegian company PGS, best known for its seismic survey services in the offshore oil and gas sector, said Wednesday it had scored its first offshore wind contract. The company said it had secured its first ultra-high resolution offshore wind farm site characterization project, marking its debut in "a strategically important new energy market.""PGS New Energy offers solutions to the ongoing energy transition by building on the subsurface and operational expertise of PGS’ employees and using the company’s assets.

17 Nov 2022

Nigeria to Build its First FLNG Unit

UTM Offshore Signs Front-End Engineering Design (FEED) Contract for Floating Liquefied Natural Gas (FLNG) Facility in Nigeria. Image Source: UTM Offshore

Nigerian company UTM Offshore has signed a front-end engineering design (FEED) contract for the development of an FLNG facility in Nigeria with JGC Corporation, Technip Energies, and KBR.This will be Nigeria's first floating liquefied natural gas (FLNG) facility. Africa currently has two FLNG units in operation, the Hili Episeyo in Cameroon, and, as of recently, the Coral Sul FLNG in Mozambique. In Nigeria, the FLNG unit will be used for development of offshore block OML  204.According to Chief Timipre Sylva…

31 Oct 2022

Trinidad Designing LNG Hub to Feed the Caribbean

© donvictori0 / Adobe Stock

Trinidad and Tobago's state-owned gas company has started work on designing a small-scale liquefied natural gas (LNG) hub that could help the Caribbean move away from oil-based power generation, the firm told Reuters.Trinidad is Latin America's largest LNG exporter and the project, expected to be operational by 2025, will have a handling capacity of up to 500,000 tonnes a year, National Gas Company (NGC) said. The facility, capable of storing, handling and shipping LNG for the region…

20 Oct 2022

DNV, JIP Partners Enter Phase 2 To Develop Best Practices For Safe Offshore Wind Installation

© benoitgrasser/AdobeStock

DNV and its partners on Thursday confirmed the completion of Phase 1 of a joint industry project (JIP) on Bottom Impact and Partially Submerged Conditions, which has resulted in a new framework for optimizing the installation process of offshore wind turbines. "New partners are encouraged to join Phase 2, which will focus on validating models and establishing common best-practice guidelines to the benefit of the entire industry," DNV said."Offshore wind-turbine installation is…

28 Sep 2022

Canada and UAE First to Back Maritime Green Fuel Initiative

© OliverFoerstner / Adobe Stock

Canada and the United Arab Emirates (UAE) are among the first countries to back a new initiative aiming to advance the production, export and import of low-carbon fuels for shipping.The International Chamber of Shipping (ICS) and International Association of Ports and Harbors (IAPH), along with the CEO-led Clean Energy Maritime Taskforce, unveiled the ‘Clean Energy Marine Hubs Initiative’ on Friday at the Clean Energy Ministerial (CEM) in Pittsburgh. The Initiative will be a convening platform for public and private senior-level stakeholders from the ports…

06 Sep 2022

DNV's Maritime Forecast to 2050: No Industry Can Decarbonize in Isolation

Presenters at Maritime Forecast to 2050 press conference in Hamburg, 5 September 2022 (L to R): Knut Ørbeck-Nilssen (CEO Maritime, DNV), Eirik Ovrum (Principal Consultant & Report Author), Remi Eriksen (CEO, DNV)

Maritime classification society DNV on Tuesday unveiled its latest Maritime Forecast to 2050 report with a new focus on how to overcome the “ultimate hurdle” of fuel availability.The 84-page forecast is the sixth edition of its kind, and this year it considers the comprehensive production, distribution and bunkering infrastructures required to enable the maritime industry’s shift to carbon-neutral fuels.The report also presents an updated outlook on regulations, drivers, future technologies, and costs for decarbonizing shipping.

31 Aug 2022

This Decade's Oil Boom is Moving Offshore - Way Offshore

Bay du Nord FPSO Illustration - Credit: Equinor

Global oil companies are pumping billions of dollars into offshore drilling, reversing a long decline in spending on the decades-long projects, including some in the remote iceberg waters far off Canada's Atlantic coast.Surging oil prices are encouraging the investments, along with Europe's mounting energy demand as the Ukraine-Russia war drags on. Offshore production sites are more expensive to build than onshore shale, the last decade's investment darling. But once they are up and running…

15 Jun 2022

BP Beefs Up Hydrogen Team in Bet on Fuel's Future

© dvoevnore / Adobe Stock

BP is beefing up its hydrogen management team as the energy company prepares to accelerate investments in the low-carbon fuel which it believes will play a key role in the world's shift away from fossil fuels.The revamp of the hydrogen team is the first clear sign of changes Anja-Isabel Dotzenrath, a former head of RWE Renewables, has made since becoming BP's head of natural gas and renewables in March.It also comes as BP announces it has agreed to buy a 40.5% stake and become…

04 Jul 2022

Ulstein: Is THOR’s Superpower Shipping’s Silver Bullet?

Credit: Ulstein

Shipbuilder and designer Ulstein is looking to take its revolutionary Thorium powered vessel concept from the drawing board to the deep blue sea. Is this the solution that industry, and society, have been searching for to enable a truly sustainable maritime future?Everything about the launch of ULSTEIN THOR was unexpected.The vessel concept, a 149m 3R (Replenishment, Research and Rescue) design with a Thorium Molten Salt Reactor (MSR), took the industry, and wider society, by surprise.