CDB Leasing announced on October 13, 2021 that it intends to purchase two LNG carriers through a wholly-owned special purpose company for a total cost of $248 million. One LNG carrier was purchased from GAS-ten Ltd at a price of $128 millio

AET, a leading owner and operator of maritime transportation assets and specialised services, completed its first ever LNG bunkering in the US, working in coordination with Shell to refuel the LNG dual-fuel Aframax tanker Pacific Ruby outsi

On October 8, Nantong CIMC Sinopacific Offshore Engineering, a subsidiary of CIMC Enric, delivered the first 7,500m3 LNG carrying and bunkering ship to Avenir in Zhoushan, Zhejiang province. The vessel has a total length of 115.8 meters, a

ENN LNG, a subsidiary of Chinese energy company ENN, and U.S. LNG exporter Cheniere Energy have signed a 13-year LNG sale and purchase agreement (SPA). Cheniere Marketing will supply approximately 0.9 million tonnes per year of LNG to ENN L

CIMC Raffles and Van Oord signed an EPC contract for the construction of 1+1 large wind power installation vessels. This type of ship is the worlds latest generation of wind power installation ships, designed by the Danish design company Kn

Asia liquefied natural gas (LNG) prices soared this week, as the worlds top buyer China faced an ongoing power crunch and low inventory in Europe drove up competition for the super-chilled fuel. The average LNG price for November delivery i

UK-based oil and gas major BP and Chinese city-gas distribution company Shenzhen Gas have signed a ten-year LNG supply deal for 225,000 to 300,000 tonnes a year. Under the agreement, Shenzhen Gas will buy the LNG volumes from BP in the peri

CNOOC Limited announced today that the Company made a large-sized discovery of Kenli 10-2 in Bohai. The Kenli 10-2 oilfield is located in Laizhou Bay Sag in Southern Bohai Bay, with an average water depth of about 15.7 meters. The main oil-

Qatar Petroleum said Sept. 29 that it had reached an agreement to supply 3.5 million mt/year of LNG to China over 15 years. The long-term sale and purchase agreement with CNOOC Gas and Power Trading Marketing Ltd., a subsidiary of China Nat

Chinese shipbuilder Hudong Zhonghua Shipbuilding (HZS) has held a keel-laying ceremony for a liquefied natural gas (LNG) carrier built for compatriot shipowner COSCO Shipping Lines and energy firmChina National Petroleum Corporation (CNPC).

Hyundai Heavy Industries and Chinas largest offshore engineering equipment manufacturing company CIMC Raffles signed a contract for the construction of FPSO P-78 of Petrobras. CIMC Raffles finally won the contract after competing with two o

Lhyfe , renewable hydrogen producer and supplier has signed a partnership with AquaterraEnergy , a leader in global offshore engineering solutions, and offshore drilling contractor BorrDrilling to develop an innovative concept for offshore

On September 14, Wison (Nantong) Heavy Industry won the bid to build the hulls of two floating nuclear power stations for Rosatom at a price of $226 million. According to the bidding agreement, Wison will deliver the hull of the first float

Dalian Shipbuilding (DSCI), a subsidiary of China State Shipbuilding Corporation, said the worlds first LNG-fueled very large crude carrier (VLCC) has completed its sea trials in Chinese waters. TheYuan Rui Yangis a VLCC that COSCO Shipping

China Petroleum Chemical Corporation (Sinopec) has completed its first bunkering operation of a large LNG-powered vessel with more than 250 tonnes bunkered on theSalamancaship. Sinopecs unit Sinopec Fuel Oil Sales bunkered the chilled fuel