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Australia’s gas supply secure for next quarter amid industry commitments

The Australian Government has decided not to activate the mechanism to secure additional quantities of liquefied natural gas (LNG) for 3Q 2025 as it feels confident that the current volumes are sufficient to cover the forecasted demand. The post Australia’s gas supply secure for next quarter amid industry commitments appeared first on Offshore Energy.

MMMCZCS: Retrofit project preparing bulkers for methanol paves the way to greener shipping

The project for retrofitting conventionally-fueled Kamsarmax bulk carrier to dual-fuel methanol, co-led by MMMCZCS and Tsuneishi Shipbuilding, has received approval in principle (AiP), paving the way for green transition within the medium-size bulk carrier sector. The post MMMCZCS: Retrofit project preparing bulkers for methanol paves the way to greener shipping appeared first on Offshore Energy.

Fincantieri, Eni and RINA: New study dives into maritime’s future fuel mix

Italy’s energy company Eni, compatriot shipbuilder Fincantieri, and classification society RINA have unveiled a new study that aims to contribute to accelerating the decarbonization of the maritime transport sector, in line with the net zero target for 2050. The post Fincantieri, Eni and RINA: New study dives into maritime’s future fuel mix appeared first on Offshore Energy.

Australian firm seeks FSRU for proposed LNG terminal

Viva Energy has engaged the services of Poten & Partners to secure a floating storage and regasification unit (FSRU) for its proposed LNG terminal in Geelong, Australia. The post Australian firm seeks FSRU for proposed LNG terminal appeared first on Offshore Energy.

NYK bolsters LPG carrier business with new subsidiary up and running

NYK Energy Ocean (NEO), a newly established subsidiary of Japanese shipping company NYK focused on operating LPG carriers, chemical and product tankers, and cargo ships, has officially commenced operations. The post NYK bolsters LPG carrier business with new subsidiary up and running appeared first on Offshore Energy.

BW Offshore’s arbitration saga with Brazilian firm ends in settlement

Norwegian FPSO operator BW Offshore has reached an arbitration settlement with Prio Comercializadora, previously known as Petro Rio O&G Exploração e Produção de Petróleo, concerning a floating production, storage, and offloading (FPSO) vessel. The post BW Offshore’s arbitration saga with Brazilian firm ends in settlement appeared first on Offshore Energy.