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South Korean partners conduct ‘world’s first’ LNG boil-off gas recycling demo

South Korean conglomerate HD Hyundai and compatriot classification society Korean Register (KR) have revealed the completion of what is claimed to be the world’s first demonstration of a technology that recycles boil-off gas (BOG) from LNG-fueled ships under construction into onshore city gas. The post South Korean partners conduct ‘world’s first’ LNG boil-off gas recycling demo appeared first on Offshore Energy.

Yinson issues ‘largest-ever’ FPSO project bond to refinance Brazilian unit

Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, has placed a bond for a floating, production, storage, and offloading (FPSO) unit working at an oil field in the pre-salt Campos Basin offshore Brazil. The post Yinson issues ‘largest-ever’ FPSO project bond to refinance Brazilian unit appeared first on Offshore Energy.

15-well drilling campaign in Malaysian waters goes to Velesto rig

Velesto Drilling, a subsidiary of Velesto Energy, has won a new multi-well drilling assignment for one of its jack-up rigs off the coast of Malaysia, Southeast Asia. The post 15-well drilling campaign in Malaysian waters goes to Velesto rig appeared first on Offshore Energy.

PowerCell lands order for new MS-500 marine fuel cell system

PowerCell has signed a SEK 44 million (around $4.626 million) agreement with an undisclosed Italian marine OEM for the development and delivery of a new MS-500 marine fuel cell system. The post PowerCell lands order for new MS-500 marine fuel cell system appeared first on Offshore Energy.

Hydrogen setback as Stanwell cancels Queensland project | Hydrogen

Australia’s green hydrogen sector has been dealt a major blow with news that Stanwell Corporation is stopping the Central Queensland Hydrogen Project. In a brief statement, it said the project had been a “valuable international collaboration that has provided important technical and commercial knowledge to support the future large-scale commercialisation of renewable hydrogen”, without detailing the reasons for pulling out. Funding is likely to be the main reason, as the Queensland government announced earlier this year it would not extend any further loans or grants for the project – and the broader slump in the hydrogen market will have been another factor. The ambitious project aimed to deliver 800 tonnes of green hydrogen per day and create almost 9,000 jobs, as well as delivering billions of dollars of export revenues over a 30-year lifespan. Australia… Read More »Hydrogen setback as Stanwell cancels Queensland project | Hydrogen