Tagged Benefits

ExxonMobil earns $2.7 billion in first quarter of 2021

By Bojan Lepic U.S. supermajor ExxonMobil booked a quarterly profit due to benefits of higher commodity prices and structural cost reductions. The post ExxonMobil earns $2.7 billion in first quarter of 2021… … Read Full Article Here For more great articles: Offshore Energy Today

New paper highlights BioLNG’s decarbonization potential

By Adnan Bajic BioLNG has been touted as the fuel that will enable the decarbonization of maritime and road transport. Illustration only (Courtesy of Port of Rotterdam) A joint paper issued by the European Biogas Association (EBA), Gas Infrastructure Europe (GIE), the Natural & Bio Gas Vehicle Association (NGVA Europe), and SEA-LNG, demonstrates the benefits…

EPIK adds bunkering services to proposed Newcastle GasDock LNG project

By Adnan Bajic South Korea’s Energy Projects and Infrastructure Korea (EPIK) plans to add LNG bunkering services at its proposed Newcastle GasDock LNG import terminal in New South Wales, Australia. Courtesy of EPIK The addition of the LNG bunkering services aims to support the maritime industry in its shift towards cleaner-burning marine fuel, EPIK said…

Evol LNG inks supply deal with Ora Banda Mining

By Adnan Bajic Wesfarmers’ liquified natural gas business Evol LNG has signed a long-term deal to supply the chilled fuel to Ora Banda Mining’s gold mine. Courtesy of Evol LNG Davyhurst Gold Mine, located in WA’s North-West Goldfields region, is restarting production in January 2021 after being placed into care and maintenance in 2018. Evol…

US extends LNG export term to 2050

By Mirza Duran The Department of Energy is issuing a final policy statement that allows for US LNG exports to non-free trade agreement countries to be extended through the year 2050. Image: Cheniere This policy is a change from the current practice of granting 20-year LNG export terms. President Donald J. Trump announced the new…

API: U.S. LNG exports cut GHG emissions in power production

By Adnan Bajic A study commissioned by the American Petroleum Institute (API) stressed that using U.S. liquefied natural gas (LNG) in power generation significantly cuts GHG emissions. Courtesy of Cheniere The study conducted by researchers at ICF examines the environmental benefits of U.S. natural gas use in China, Germany, and India, finding that using U.S….

Pieridae to be listed on Toronto Stock Exchange

By Mirza Duran Canada’s Pieridae Energy, the developer of the Goldboro LNG export project, said Monday that its shares have been approved for listing on the Toronto Stock Exchange. The company’s shares are expected to start trading on the TSX at the opening of the market on June 3. Concurrent with the TSX listing, Pieridae’s…

BAE Systems: Charting a cleaner feature with electric power and propulsion

By Naida Hakirevic BAE Systems is stepping up efforts to help marine operators get to a zero-emission future with electric power and propulsion technology. Image Courtesy: BAE Systems As explained, the technology isn’t new as it has been powering cars and buses for years. However, with the rise in planet-warming greenhouse gases, it’s now making…