Energy.
LNG bunker fleet may need to more than double by 2030 to keep pace with growing fuel demand
The global LNG bunker vessel fleet may need to more than double by 2030 as demand from LNG-fuelled ships grows faster than the infrastructure required to supply them, according to a new DNV white paper. The report estimates that between 165 and 208 bunker vessels could be needed globally by the end of this decade. As LNG-powered shipping continues to grow, demand for bunkering capacity is rising…
Scylla Shipping sets course for a more sustainable future with battery systems from Corvus Energy
Corvus Energy is proud to announce that it has been awarded the contract to deliver Energy Storage Systems for two new river cruise vessels from Scylla Shipping: Riviera Reflection and Harmonie.…
ARA fuel oil stocks steady in June so far
The ARA’s independently held fuel oil stocks remain mostly unchanged in June so far, compared to May’s monthly average, according to Insights Global data. Changes in monthly average ARA stocks from…
Maritime organisations call to include shipping in Electrification Action Plan
On July 15, the Commission will publish its Electrification Action Plan (EAP), a crucial opportunity to accelerate electrification across Europe, cut fossil fuel imports, and slash both air…
Shipping industry fears fuel shortages as Iran war squeezes bunker fuel supply
Ship operators rely on a sludgelike substance known as bunker fuel to keep vessels running. The Iran war ‘s closure of the Strait of Hormuz has choked off the supply of this fuel that powers the…
bp enters North Ustyurt PSA in Uzbekistan
bp confirmed its entry into a production sharing agreement (PSA) for six blocks in the North Ustyurt region of the Republic of Uzbekistan. The agreement includes the Boyterak, Terengquduq, Birqori,…
Energy trade flows are rerouted as the Strait of Hormuz remains mostly closed
“No country has ever profited from protracted warfare,” the great Chinese military theorist known as Sun Tzu wrote around the 5th century BCE. It is a warning that may resonate in Washington today.…
Limited uptick in Hormuz LNG traffic offers scant relief to global markets
The recent uptick in LNG tanker crossings out of the Persian Gulf is offering only limited immediate relief to international buyers grappling with the sustained loss of about 20% of global supply,…
OPEC oil production slips in November despite an agreed-uplift, survey finds
A survey on Thursday found that OPEC oil production fell in November despite an OPEC+ deal to increase production in the month due to unavailability in some members. This brought the supply of the…
Corvus Energy launches next-generation Marine LFP Energy Storage System
Corvus Energy, the world’s leading supplier of marine energy storage solutions, announced the launch of Blue Whale NxtGen, the latest addition to its NxtGen family of batteries. Designed for vessel…
UAE Unveils $1bn Yemen Energy rebuild, signalling new opportunities for European Renewables and Grid Partners
The UAE has announced a $1 billion package to help rebuild Yemen’s electricity sector, a move that analysts in Europe say could open new avenues for European renewable-energy firms seeking entry…
New Fortress Energy receives Approval for Milestone Agreement for Long-Term Gas Supply with Puerto Rican Government
New Fortress Energy received final approval for a 7-year Gas Supply Agreement from the Financial Oversight and Management Board for Puerto Rico. The contract secures the delivery of approximately 75…
Kongsberg Maritime secures LARS contract with Sea1 Offshore
Kongsberg Maritime has signed a major contract with Sea1 Offshore to deliver Launch and Recovery Systems for the company’s four new offshore construction vessels. Each vessel will be equipped with…
Van Oord successfully completes monopile installation at Windanker offshore wind farm
Van Oord has completed the transport and installation of all 21 monopiles at Iberdrola’s Windanker offshore wind farm, a key milestone in the construction of the project. This achievement…
Equinor rapid development extends the lifetime of Norne
On 2 December production started from the Verdande subsea field in the Norwegian Sea. The field is tied back to the Norne FPSO. With reserves of 36 million barrels of oil, Verdande helps extend…
Indeximate receives DNV statement of feasibility for scattersphere cable health monitoring technology
Independent assessment confirms technical feasibility of Scattersphere’s fibre-optic subsea power cable monitoring solution, marking key milestone in the DNV Technology Qualification process…
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