Day: June 5, 2025

Cheniere’s Corpus Christi expansion project almost 84 percent complete

Energy News Beat Cheniere’s Corpus Christi plant currently liquefies natural gas at three operational trains, each with a capacity of about 5 mtpa. In June 2022, Cheniere made the final investment decision on the Corpus Christi Stage 3 expansion project, worth about $8 billion, while compatriot Bechtel officially started construction on the project in October of the same year. The […]

Venture Global’s Plaquemines LNG to commission third jetty

Energy News Beat The regulator said on Wednesday it had granted Venture Global Plaquemines LNG to “introduce hazardous fluid to the Jetty 3 as described in your June 2, 2025 filing.” Plaquemines LNG said in that filing that it had fulfilled all the environmental conditions which were necessary prior to the introduction of gas and […]

How Big is the Alaska LNG – What does that mean for Energy Security

Energy News Beat Daily Standup Top Stories How big is the Alaska LNG Project? Glenfarne says more than 50 firms interested in Alaska LNG project June 4, 2025 Mariel Alumit The Alaska LNG Project: A Mega-Project for Energy Security and Economic Growth The Alaska LNG Project is a proposed liquefied natural gas (LNG) export initiative aimed […]

Smoke still seen rising from abandoned car carrier

Energy News Beat EuropeOperations US Coast Guard US Coast Guard The 4,902 ceu car carrier Morning Midas, abandoned in the mid-Pacific after a fire broke out on a deck carrying electric vehicles, is now adrift with smoke still rising from the vessel. The manager of the vessel, London-based Zodiac Maritime, said that the incident occurred […]

Top Ships presses on with suezmax spin-off

Energy News Beat EuropeTankers Top Ships Top Ships US-listed Greek eco tanker owner and operator Top Ships has moved to spin off two of its suezmax vessels into an independent publicly traded company. The company’s subsidiary, Rubico, has been earmarked to press ahead with the 2021-built 157,000 dwt scrubber-fitted Eco Malibu and Eco West Coast […]

SBM Offshore exits Equatorial Guinea following FPSO stake sale

Energy News Beat SBM Offshore Dutch floater expert SBM Offshore has signed a share purchase agreement for the full divestment of its equity interest in the lease and operating entities of the FPSO Aseng to GEPetrol. The company’s exit from Equatorial Guinea will take place following an operational transition phase lasting up to 12 months. According to […]

Equinor exercises $100m option for Transocean semisub

Energy News Beat EuropeOffshore Transocean Transocean Norwegian energy major Equinor has exercised a two-well option for one of Transocean’s semisubs. The option, exercised for the 2010-built Transocean Spitsbergen, will contribute approximately $100m in backlog, excluding additional services. The work on the two wells in Norway is expected to begin in the first quarter of 2026 […]

Fortescue’s mission to champion ammonia goes global

Energy News Beat Mining giant Fortescue is on a worldwide campaign to reshape the future of maritime decarbonisation with its flagship vessel, the Fortescue Green Pioneer, at the helm of a push to establish green ammonia as the marine fuel of the future. From Southeast Asia to Western Europe and soon South America, the 75 […]

‘Britain has gone to hell, like Norway’: John Fredriksen

Energy News Beat Norway’s richest man, John Fredriksen, has launched a blistering critique of the state of life in both Norway and the UK, confirming he is relocating some of his business to the United Arab Emirates to escape what he sees as a Western world in steep decline. The 81-year-old shipping magnate spoke candidly […]

LR report outlines clear case for shipowners to retrofit

Energy News Beat Wärtsilä Demand for advanced propeller retrofits and energy-saving devices (ESDs) has nearly quadrupled since 2020 to enhance energy efficiency to meet tightening emissions regulations.  Click to enlarge However, according to a new report from British class society Lloyd’s Register (LR), while high-efficiency propellers can deliver fuel savings of between 3-10%, and popular […]