Venture Global moves ahead to build LNG export plant

Venture Global LNG has arranged $13.2 billion of financing to build a second liquefied natural gas export terminal on the Gulf Coast in the US. Bank of America, Goldman Sachs, ING, JP Morgan, Mizuho, Morgan Stanley and RBC served as lead banks to Venture Global on the transaction. The final investment decision comes as US

Ethanol production in Brazil down 10% in the first half of May

UNICA data shows that ethanol production in Brazil was down 10% during the first half of May at 1.65 billion liters compared to the same period in 2021. The figures include corn ethanol production and not just sugarcane based. The data also shows that sugar production was down more than 30% from 2021 at 1.67

Worley bags contact from Heartwell for new renewable plant

Worley bagged a contract from Heartwell Renewables LLC for a greenfield renewable fuels plant in Hastings, Nebraska. Worley will provide detailed and field engineering services as part of the contract. The new plant will produce an estimated 80 million gallons of renewable diesel per year from feedstocks such as vegetable oils and tallow. The renewable

NGH mission in India expected to be launched soon

Indian governmentis expected to launch National Green Hydrogen (NGH) mission in two months. The government has made plans to take forward the green hydrogen policy announced in February. The mission is also expected to list the sectors that will have to start using green hydrogen on a voluntary basis and a roadmap for sectors such

BP to partner with ADNOC and Masdar for hydrogen project

British Petroleum (BP) has agreed to work with Abu Dhabi National Oil Company (ADNOC) and Masdar for low-carbon hydrogen partnership. Both ADNOC and BP have agreed to conduct a feasibility study in this regard and have also promised to explore development of low-carbon hydrogen partnership aviation fuels with Masdar and Etihad Airways. In a separate

Provaris partners with NMM for compressed hydrogen project

Provaris Energy has signed an MoU with Northern Marine Management (NMM) to support the ongoing engineering and development of its compressed hydrogen carrier project. As part of the deal, NMM offers specialist technical and operational services to support Provaris’ 26,000 cu m vessel, dubbed H2Neo, through class and flag approval, shipbuilding contract talks, newbuild supervision,

LNG prices to stay high for few years: Woodside

Australia’s top independent natural gas producer, Woodside Energy Group, says that liquefied natural gas (LNG) prices will stay high for a few years as the market adjusts to supply disruptions after sanctions on Russia for its Ukraine invasion. According to the Australian company, the global LNG market was already tight before the invasion because of

New energy infrastructure taking shape in Europe

The European Commission had proposed an outline of a new energy plan in March 2022 and called REPowerEU to make Europe independent from Russian fossil fuels well before 2030. It has presented €300 billion plan on how the EU can wean itself from Russian fossil fuels. As part of that plan new gas pipeline interconnectors

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Maran Gas extends optimised maintenance agreement with Wärtsilä

The technology group Wärtsilä has signed a renewal of its Optimised Maintenance Agreement with the Greek shipping company Maran Gas Maritime. The new agreement will run for five additional years, and is designed to ensure operational certainty with controlled and predictable costs for Maran Gas’s fleet of 21 TFDE LNG carrier vessels. The signing took