Gas crisis puts LNG cargo trade concentrated in major traders’ hands

Increasing LNG cargo prices have squeezed out dozens of smaller traders, concentrating the business in the hands of a handful of international energy majors and top global trading houses. This grip is not expected to ease until 2026 when more liquefied natural gas (LNG) starts to materialise and lower prices, adding to supply worries for

Study finds corn-based ethanol contributes to global warming

Corn-based ethanol, which for years has been mixed in huge quantities into gasoline sold at U.S. pumps, is likely a much bigger contributor to global warming than straight gasoline, according to a published story. The study, published in the Proceedings of the National Academy of Sciences, contradicts previous research commissioned by the US Department of

Renewable energy production in India ramps up

While the new solar installations rose from January to August by 22 per cent year-on-year, new wind installations increased by only 7 per cent, with only 1.1 GW installed between January to August 2022, shows data. India had set a target of installing 175 GW of RE capacity by 2022 end – 100 GW from

Windcat Workboats orders six hydrogen-powered CTVs

Crew transfer vessel operator Windcat Workboats, part of Antwerp-based shipping and logistics group Compagnie Maritime Belge (CMB), together with its joint venture partners Thomas Services Maritime (TSM) and FRS Offshore, will be adding six additional hydrogen-powered vessels by 2024. The new order follows the launch of the world’s first hydrogen-powered CTV, the Hydrocat 48, and

MAN, ABB to work jointly on dual-fuel electric propulsion solutions

German engine manufacturer MAN Energy Solutions and Swiss technology group ABB have teamed up to develop a dual-fuel electric plant concept based on MAN’s recently launched 49/60DF four-stroke engine and ABB’s Dynamic AC (DAC) fuel optimisation system. With the upcoming International Maritime Organization’s EEXI (Energy Efficiency Existing Ship Index) for existing ships and the CII

CMEC for more LNG carriers

China Merchants Energy Shipping (CMES) has returned to Dalian Shipbuilding Industry (DSIC) for more dual-fuel liquefied natural gas (LNG) carriers. The Shanghai-listed energy transport unit of China Merchants Group has exercised an option for the construction of two additional 175,000 cu m ships, and also signed a letter of intent with DSIC for up to

WSU working on developing biofuels from oilseeds

Making aviation biofuels from non-food crops is the goal of a new Department of Energy-funded project that includes significant contributions from Washington State University. WSU’s portion of the five-year, $12.8 million grant totals just over $1.1 million.  The grant is part of a larger DOE project that is providing $178 million to advance bioenergy technology.

KBR to collaborate with Giammarco-Vetrocoke for carbon capture technology

KBR has announced that it has signed a master license and engineering agreement with Giammarco-Vertrocoke S.R.L. for KBR to license its carbon capture technology globally. This carbon capture technology is well-proven, energy efficient, flexible, and can be integrated across the value chain for blue ammonia, petrochemical, and refining industries. KBR strives to create a better,

Worlds’s first offshore hydrogen production unit launched

The world’s first offshore hydrogen production unit has been inaugurated in the port of Saint-Nazaire, France, ahead of its official trials off the Atlantic coast. The unit, called Sealhyfe, will, following a phase of dockside tests, connect to BW Ideol’s landmark floating offshore wind turbine operating at the Ecole Centrale de Nantes (ECN) SEM-REV test

Carbon Ridge startup gets investment from Crowley and Berge Bulk

US-based onboard carbon capture startup Carbon Ridge has raised $6m in funding from several investors including compatriot shipping and logistics company Crowley and Singapore-based owner Berge Bulk. The funding round, led by the Grantham Foundation for the Protection of the Environment and which also included Rusheen Capital Management and Plug and Play Ventures, will enable