LNG availability and EU elections keep EU ETS allowances flat

EU allowances are showing some signs that the gas-driven rally may be running out of steam, as a rebound in Norwegian North Sea production relieves energy supply fears. The UK ETS also snapped its weeks-long winning streak as speculative buying took a breather. Carlton Carbon data for the week shows that EUAs fell by €2.71

DSIC receives order for another liquified CO2 carrier

State-run Dalian Shipbuilding Industry Co (DSIC) has received a third order for a 7,500-cu m LNG dual-fuel capable liquified CO2 (LCO2) carrier from owner Northern Lights, a joint venture between Shell, TotalEnergies and Equinor which plans to transport and sequester CO2 in the North Sea. The ship, which is set to be fitted with an

Ørsted and CIP to collaborate for 5.2 GW Danish offshore wind push

Ørsted and Copenhagen Infrastructure Partners (CIP) have joined forces to develop 5.2 GW of offshore wind in Denmark, corresponding to more than double the country’s current installed capacity. As equal partners, the Danish duo has set out to develop, build and operate two 1.1 GW wind farms in the North Sea and two in the

Vinci awarded contract to design and build LNG terminal in Germany

Vinci, in a consortium with Sener. has signed a contract to build Germany’s first LNG re-gasification terminal. The plant will have a production capacity of 10 billion cu m of natural gas per year and will have two 165,000 cu m storage tanks. The terminal will also be equipped with auxiliary operating systems, infrastructure, and

Offshore oil needs more shuttle tankers as volumes requiring transport set to rise

Demand for shuttle tankers in countries with robust offshore oil production and limited pipeline infrastructure is set to grow continuously in the coming years, as produced volumes in need of transport rise to 3.3 billion barrels per year before the end of the decade, jumping 35% from 2.5 billion in 2021, a Rystad Energy report