U.S. liquefied natural gas exporter Venture Global LNG, which is involved in multiple legal fights with clients, has announced it is building a large fleet of LNG-powered vessels.
Venture Global’s fleet will include nine vessels. Six will have a cargo capacity of 174,000 cubic meters and three a cargo capacity of 200,000 cubic meters. The tankers are under construction in South Korea and will be delivered starting later this year. All nine ships will be primarily fueled by Venture Global’s...
(Bloomberg) — A swath of Norway’s offshore gas discoveries risk remaining untapped due to challenges ranging from complex reservoirs to costs of production. By the end of last year, there…
https://gcaptain.com/chunk-of-norways-offshore-gas-discoveries-risk-going-untapped/
With the world adapting to emerging sources of supply and decarbonization technologies, the discussion […]
The post In focus: Is natural gas crucial element of energy transition? appeared first on Offshore Energy.
https://www.offshore-energy.biz/in-focus-is-natural-gas-crucial-element-of-energy-transition/
The global push for decarbonization has intensified, compelling energy companies to reevaluate their fossil fuel investments and emphasize renewable energy sources. TotalEnergies, a prominent French energy corporation, is currently under scrutiny as questions arise about the alignment of its diversification strategy with its professed commitment to the energy transition.The offshore-energysource.
https://mfame.guru/totalenergies-faces-critique-over-energy-mix/
https://mfame.guru/qatar-energy-ceo-natural-gas-indispensable-for-energy-transition/
Thousands of ships could use LNG as fuel. Is that a good thing?, writes Greg Miller for Freight Waves.
Natural gasNew study claims natural gas may be no better for climate than coal.
The shipping industry has placed a massive bet on liquefied natural gas as an alternative fuel — as a bridge between traditional fuel oil and whatever comes next, whether it’s methanol, ammonia, hydrogen or something else. Shipowners have spent billions of...
(Bloomberg) — Liquefied natural gas exporters aim to advance multibillion-dollar projects and revive the sector’s growth in Australia, arguing additional fossil fuel supplies are needed to support Asia’s energy transition….
https://gcaptain.com/lng-exporters-eye-new-australia-growth-as-profit-boom-fades/
A closer look at this week’s highlights of the latest energy transition-related news gives […]
The post In focus: European countries keeping pace with the hydrogen uptick appeared first on Offshore Energy.
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Energy stocks are set to open lower as falling oil prices continue to weigh in on the sector. The major market futures are higher ahead of the release of notes from the most recent Federal Reserve Meeting in hopes the Fed will ease their stance on aggressive interest rates, reports Nasdaq.
Impact of COVID cases in ChinaWTI and Brent crude oil futures continue to trend lower, after slumping in the previous session, amid concerns over weak demand due to a slowing...
https://mfame.guru/oil-prices-trending-lower-amid-concerns-of-a-slowing-global-economy/
A long-term liquefied natural gas supply agreement was inked by US LNG exporter Venture Global LNG and Japan’s Inpex, as reported by LNG Prime.
Stable supply of energyAccording to a statement from Inpex, the agreement calls for the company’s subsidiary Inpex Energy Trading Singapore to purchase one million tonnes of LNG annually on a FOB basis from Venture Global’s CP2 LNG over the course of 20 years.
“This agreement will enable the Inpex Group to procure LNG from the...
https://mfame.guru/venture-global-and-japans-inpex-signed-a-long-term-lng-supply-agreement/