Natural Gas News

Golar LNG said on Tuesday Hygo Energy Transition Ltd Chief Executive Officer Eduardo Antonello has taken leave of absence with immediate effect, following a corruption investigation involving him in Brazil.Golar said Antonello's leave was in no way linked to any action or misconduct during his tenure at Hygo Energy, a liquefied natural gas transport and infrastructure operator formed with U.S. private equity firm Stonepeak Infrastructure Partners.Antonello's functions will be taken over temporarily by Hygo's board…

It will take well-defined goals and a mix of new green technologies to meet the International Maritime Organization's (IMO) target to achieve net-zero shipping emissions by 2050, oil major Shell said in a newly published report.In the report, Decarbonizing Shipping: Setting Shell’s Course, Shell highlights the role that hydrogen and fuel cells could play in achieving a decarbonized shipping sector. Calling for the IMO to adopt a clear trajectory to net-zero emissions by 2050,…

Russia's top shipping company Sovcomflot plans to sell a 15.5%-17% stake in new shares and raise around 42.25 billion roubles ($534 million) in an initial public offering (IPO) on the Moscow Exchange, the company and analysts said on Monday.Sovcomflot's IPO comes at a difficult time for the Russian currency as rising coronavirus cases worldwide threaten an oil price recovery and reduce risk appetite among investors.The rouble was trading close to a 6-month low against the U.S.

The United States and Greece called on Monday for a peaceful resolution of maritime disputes in the east Mediterranean as U.S. Secretary of State Mike Pompeo began a two-day trip to Greece amid increased regional tension over energy resources.NATO allies Greece and Turkey, at loggerheads on a range of issues, have agreed to resume exploratory talks over contested maritime claims following weeks of tensions that culminated in a collision between their warships."The United States and Greece ..

The U.S House of Representatives passed the Clean Economy Jobs and Innovation Act (H.R. 4447) aiming to reform U.S. energy policy and authorize significant investment in the transition to greater use of low-carbon energy.The legislation, which addresses a wide range of energy topics and initiatives, includes an amendment by Congressman John Garamendi (D-Calif.) which would enforce Jones Act requirements for all offshore wind development, construction, production and servicing.The amendment clarifies that the Outer Continental Shelf Lands Act…

Harvey Gulf International Marine announced Thursday it will install 10 battery systems on board eight of its vessels as the U.S.

The world's biggest shipbuilder Hyundai Heavy Industries Holdings Co Ltd is discussing concessions with EU antitrust regulators to allay concerns over its $1.8 billion bid for rival Daewoo, people familiar with the matter said.The deal, in part a response to overcapacity in the sector, would reinforce the South Korean company’s top position with a 21% market share, and comes as rivals in China and Singapore make inroads.The European Commission, which opened a full-scale investigation into the deal last December on concerns it could inflate prices and reduce competition in cargo shipbuilding…

The world's largest group of shipping insurers will not insure vessels involved in the Russian-led Nord Stream 2 and TurkStream gas pipeline projects because of the threat of U.S. sanctions.Associations belonging to the International Group of P&I Clubs, including the Shipowners' Club and the London P&I Club, said in a circular on Monday that it would not provide cover "for any activity involving or related to the Nord Stream 2 or TurkStream construction projects".It said members…

The Korean Register (KR) said it established a new liquefied natural gas (LNG) fuel and bunkering simulation center (KR LSC) at its headquarters in BusanThe use of LNG as a ship fuel and demand for bunkering is expected to increase as a result of the International Maritime Organization's (IMO) regulations to reduce SOx, which came into effect at the beginning of this year, and with the strengthening of GHG emission regulations in the future.The KR LSC will provide comprehensive technical services relating to LNG operations…

Naval architecture and marine engineering firm Knud E. Hansen has introduced a new 144-meter-long icebreaking expedition cruise vessel design with accommodations for up to 300 passengers in 150 cabins.Designed to achieve a service speed of 17 knots in open water, and with the ability to operate in solid multi-year ice of 1.8m thickness, the vessel has diesel electric propulsion, and two azipod-units, each 7.5 MW. The six generators have a combined power of approximately 23 MW and are fueled by a combination of marine diesel oil (MDO), and natural gas (LNG).

The world's largest containership to be powered by liquefied natural gas (LNG) has officially joined the fleet of French container shipping group CMA CGM, during a digital naming ceremony at CSSC’s shipyard in Shanghai.CMA CGM Group’s new flagship, CMA CGM Jacques Saadé, named after the group's founder, is the lead vessel in a series of nine LNG-powered, 23,000 TEU containerships ordered in 2017.Rodolphe Saadé, CMA CGM Group’s chairman and CEO, announced in November 2017 that the vessels would be equipped with LNG-powered engines…

BHP Group is in talks with three companies for the supply of liquefied natural gas (LNG) to fuel five ships it plans to use to transport iron ore between western Australia and China, a senior company executive told Reuters.A contract is expected to be awarded next month after an initial 8 to 10 firms vied for delivery of the super-chilled fuel to the miner over 2022 to 2027, Rashpal Bhatti, BHP's vice president for maritime and supply chain excellence told Reuters.BHP earlier…

The world’s largest liquefied natural gas (LNG) bunker vessel was officially named during a ceremony held Friday in Rotterdam. The 135.5-meter-long, 18,600-cubic-meter-capacity GTT Mark III Flex membrane vessel has been named Gas Agility.The first LNG bunker vessel owned by Emerald Green Maritime Limited, a wholly owned subsidiary of Mitsui O.S.K. Lines, Ltd. (MOL), she is chartered by Total’s affiliate Total Marine Fuels Global Solutions (TMFGS).In February 2018, TMFGS and MOL signed a time charter party for the vessel…

A naming ceremony was held for Japan’s first liquefied natural gas (LNG) bunkering vessel at Kawasaki Heavy Industries' Sakaide Works shipyard, on Wednesday.The ship, named Kaguyais, the first LNG bunkering vessel to be operated in Japan. Kaguya will be operated by Central LNG Marine Fuel Japan Corporation and will be based at JERA's Kawagoe Thermal Power Station. Kaguya will begin supplying LNG fuel to ships in the Chubu region in October or later this year using ship-to-ship bunkering.The 81.7-meter-long vessel was named by Yukikazu Myochin, President of Kawasaki Kisen Kaisha, Ltd.

Singapore, which counts decarbonization among its top priorities, holds a key role in the maritime industry's push toward environmental sustainability, the nation's transport minister Ong Ye Kung said Thursday during the Future of Shipping Webinar on Decarbonization.One-third of world trade funnels through the narrow Straits of Malacca and Singapore, giving the small city state prominence and influence as the world's most important shipping hub."Being so dependent on the maritime economy as a city state…

As the focus on carbon emissions comes to the fore across all industries, Keppel O&M, which supports the circular economy concept and is a ship conversion leader, is able to help companies reduce their indirect emissions. Proof of this was delivery of the world’s first FLNG conversion solution that dramatically reduced the carbon footprint of the project as compared to new construction. There’s a second conversion project currently underway, and by the way: it’s faster to market…

Hyundai Samho Heavy Industries has delivered the world's first very large containership powered by liquefied natural gas (LNG) to Singapore's Eastern Pacific Shipping (EPS), the South Korean shipbuilder announced Wednesday.The LNG-powered, 14,800 twenty-foot equivalent unit (TEU) capacity CMA CGM Tenere is one of six containerships in a series being built for EPS by Hyundai Samho, a unit of shipbuilding giant Korea Shipbuilding & Offshore Engineering Co. The six neo-Panamax box…

Berlin offered to spend 1 billion euros ($1.2 billion) to build two liquid natural gas terminals in a bid to dissuade the United States from imposing sanctions over the Nord Stream 2 pipeline, due to bring gas directly from Russia to Germany, Die Zeit reported on Wednesday.The weekly paper said Finance Minister Olaf Scholz made the proposal in an Aug. 7 letter before Washington imposed sanctions on companies involved in building the Baltic Sea pipeline, effectively freezing its…

Bunkering ports around the world have long used a variety of small tankers or tug and barge combinations to deliver fuel to visiting ships. Mostly this was heavy oil, but recently a new breed of bunkering vessels is emerging to deliver clean burning liquefied natural gas (LNG) to modern ships with dual-fuel capabilities.The fall of 2020 will see a new addition to this fleet servicing ships in Florida and the Caribbean. As an articulated tug barge (ATB) combination, the vessel will have a cargo capacity of 4,000 cubic meters of LNG.

Harvey Gulf International Marine is continuing its push to diversify, announcing on Monday its plan to convert four of its platform supply vessels (PSV) to be redeployed in the lightering support market.The four vessels will provide lightering services in California, Texas, Louisiana and Florida, said Shane Guidry, CEO of Harvey Gulf. “In this market, we will offer a larger vessel with newer equipment in order to provide a safer service, all at the price of the smaller vessels presently doing this work…

Greek shipowner GasLog announced Monday its newest liquefied natural gas (LNG) carrier HN2300, to be named GasLog Georgetown, commenced sea trials off South Korea.Built by Samsung Heavy Industries, HN2300 is a 174,000-cubic-meter capacity XDF LNG carrier with a Mk III Flex Plus cargo containment system giving a low boil off rate of 0.07%, combined with a sub cooler.Upon delivery, GasLog Georgetown will be operated under a seven-year charterer for U.S.-based Cheniere.The ship will be the fourth newbuild delivered to GasLog in 2020…

Energy companies, ports and refiners raced on Monday to shut down as Hurricane Sally grew stronger while lumbering toward the central U.S. Gulf Coast, the second significant hurricane to shutter oil and gas activity over the last month.The hurricane is disrupting oil imports and exports as the nation's sole offshore terminal, the Louisiana Offshore Oil Port (LOOP), stopped loading tanker ships on Sunday, while the port of New Orleans closed on Monday.The U.S. government said 21%…

The number of ships fueled by liquefied natural gas (LNG) is expected to more than double by 2030, driven by the shipping industry's desire to cut emissions, a senior executive at Malaysia's Petroliam Nasional Bhd (Petronas) said on Wednesday.Currently, less than 400 out of a total of more than 80,000 registered ships, run on LNG as fuel source. This number could increase to 1,000 vessels globally by 2030, said Mohd Rafe Mohamed Ramli, head of global LNG bunkering at Petronas Marine.The shipping industry has been under pressure to reduce carbon emissions…