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Energy

Gasum Appoints Torbjörn Holmström as Director

Torbjörn Holmström. Image: Volvo Group

The Annual General Meeting of Gasum Ltd elected Torbjörn Holmström as a new member to the Board of Directors.The new member of the Board, Torbjörn Holmström (b. 1955, M.Sc Mechanical Engineering) has over 30 years' experience in the Swedish commercial vehicle industry, a press

Hydrogen Fuel for Zero Emission Cruise Ships

Pic: GE Power Conversion

General Electric’s (GE) Power Conversion business and Nedstack, Dutch fuel cell manufacturer, have entered into a partnership to develop hydrogen fuel cell systems for powering zero-emission cruise vessels.The two companies envisage using this technology on passenger ships, replacing traditional diesel engines with fuel cells,

d’Amico Bullish on Product Tanker Market

Image: d'Amico International Shipping

The outlook on the product tanker market is very positive, said Paolo d’Amico, Chairman and Chief Executive Officer of d’Amico International Shipping .On the demand side, the world product seaborne trade is expected to grow by 3% already in 2019 supported by an expected strong underlying

China Builds 30,000-tonne Nuclear-Powered Ship

Russia's icebreaker. Image: Rosatom State Atomi? Energy Corporation ROSATOM

China is working to develop a 33,069-ton nuclear icebreaker, which would be even bigger than the epic nuclear-powered vessels built by Russia.South China Morning Post reported that while the purpose of the ship has not been specified, the plan is to have a 152-metre long, 32-metre wide and with a displacement of 30,000 tonnes.

BW Group Buys LPG Carrier Epic Gas

Pic: BW Group

The world’s biggest operator of liquid petroleum gas ships BW Group has purchased majority stake of Epic Gas and is looking to buy the remaining shares completing the takeover.BW, based in Norway and Singapore, is making the move after acquiring a 54.7% stake from existing owners, said a press release.

Nakilat Buoyant on LNG Shipping

Pic: Nakilat

Qatari marine company Nakilat said that it continued to push boundaries and successfully implemented several long-term growth strategies by strengthening its international presence and diversifying its fleet towards maintaining global leadership in liquefied natural gas (LNG) transportation.Nakilat

LR Chalks Out Energy Growth Strategy

Pic: Lloyd’s Register

Lloyd’s Register (LR), which ranks as one of the world’s largest providers of professional services for the engineering and technology sectors, has chalked out a new strategy for future growth in the energy market.The firm, which started out in 1760 as a marine classification society and now has more than 7,

Monjasa Opens Vietnam Office

Pic: Monjasa

The Danish bunker company Monjasa has expanded its Asian operations with the opening of an office in Hồ Chí Minh City.Following 11 years of presence in Singapore, Monjasa now expands further across Southeast Asia, the provider of oil products distribution and bunkering services said in a press release.

US to Lead Oil Supply Growth to 2024

Dr Fatih Birol (center) and IEA Oil Analyst Toril Bosoni (right) present the findings from Oil 2019 in Houston at CERA Week on 11 March 2019 (Photograph: Getty Images)

The United States is set to drive the global oil supply growth over the next 5 years, thanks to the strength of its shale industry, triggering a rapid transformation of world oil markets, according to the International Energy Agency (IEA).IEA said that oil exports from the United States will overtake Russia and close in on Saudi Arabia,

EC Probes E.ON-Innogy Merger

Image: Innogy SE

The European Commission has opened an in-depth investigation into German utility E.on's  takeover of certain assets from domestic Innogy, saying the transaction may lead to higher prices for consumers.The deal, which is worth a reported €43 billion ($48 billion at today's conversion rate),

Cheniere Completes 5th LNG Train at Sabine Pass

Sabine Pass LNG Terminal. Image: Cheniere Energy

Texas-based Cheniere Energy Partners said that that Substantial Completion of Train 5 of the Sabine Pass liquefaction project in Cameron Parish, Louisiana (the "SPL Project") was achieved on March 7, 2019."Commissioning has been completed and Cheniere Partners’ EPC partner Bechtel Oil,

Western Australia Curbs on Emissions

Pic: Chevron Australia

Western Australia’s Environmental Protection Authority (EPA)  has announced tough new measures aimed at curbing greenhouse gas emissions from large projects.This proposal could deter investment in the natural gas-rich state, a report in Reuters said quoting resource companies.EPA said new projects,

Russian Share of European Gas Growing

Graphics: Rystad Energy

With gas supplies growing at a faster rate than domestic demand, Russia can increase pipeline and liquefied natural gas (LNG) exports to Europe, said a report.Russia’s gas production has been steadily increasing since the low of 611 Bcm in 2015, and reached 695 Bcm in 2018, according to a report form Rystad Energy,

US to Overtake Saudi in Oil Exports

Graph: Rystad Energy

United States will soon export more oil and liquids than Saudi Arabia, thanks to the continued rise in oil production from US shale plays and the increased oil export capacity from the Gulf Coast.According to Rystad Energy, energy research and business intelligence company, it is a a pivotal geopolitical shift.

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