French energy giant TotalEnergies said on Monday that Papua LNG has achieved "major" contractual and commercial milestones, marking "decisive" steps towards a final investment decision. These include completing the EPC tendering process and transferring Papua LNG operatorship to US energy giant ExxonMobil, operator of the PNG LNG project.
Novatek-led Arctic LNG 2 is seeking approximately $1 billion in damages from South Korean shipbuilder Hanwha Ocean over terminated shipbuilding contracts for Arc7 ice-class LNG tankers.
Chinese shipbuilder Hudong-Zhonghua has hosted a naming ceremony for two 174,000-cbm liquefied natural gas (LNG) carriers it built for Japan’s K Line and Malaysia’s Petronas.
French shipping giant CMA CGM, one of the world’s largest backers of LNG fuel, has signed a letter of intent with China’s Yangzijiang Shipbuilding to build more ultra-large LNG dual-fuel container vessels, according to shipbuilding sources.
Italian energy firm Eni and Switzerland-based energy trader Mercuria have signed a deal to create a joint venture aimed at overseeing energy commodities trading activities across global energy markets, including liquefied natural gas (LNG).
HD Korea Shipbuilding & Offshore Engineering (HD KSOE) said it had developed a domestically produced high-pressure fuel pump for liquefied natural gas (LNG)-powered vessels.