Saudi Power Procurement Company (SPPC) has announced that a total of 21 top global utility project developers including Siemens, Samsung, GE, EDF, Korea’s Kepco and Marubeni as well as regional heavyweights Acwa Power and Taqa have been prequalified for development of four power plants across the kingdom with a total …
Read More »Samsung, 5 other S. Korean Firms to Work with Malaysian Energy Firm for Carbon Capture Storage Project
Samsung Engineering Co. and five other South Korean companies have teamed up with Malaysia’s state energy company Petroliam Nasional Berhad to work on a project to capture, transport and store carbon dioxide, an emerging technology for emissions reduction. Under a memorandum of understanding signed in a virtual meeting in Kuala …
Read More »Samsung Wins W815b Order to Build 4 LNG Ships from Africa
Samsung Heavy Industries Co., the world’s second-biggest shipbuilder by orders, said Wednesday it has won a 815 billion-won ($734 million) order to build four liquefied natural gas ships for an African customer. Samsung Heavy plans to supply the ships by May 2024, the company said. Since Monday, the company has …
Read More »Samsung to Participate in Building Gas Tankers at Russia’s Zvezda Yard
Republic of Korea’s Samsung is to participate in building gas carriers at Russia’s Zvezda shipyard in the Far East, according to the press office of the Presidential Plenipotentiary in the Far Eastern Federal District. The announcement comes after a meeting between the Co-Chairmen of the Organizing Committee of the year …
Read More »Samsung Heavy’s LNG Liquefaction Technology Certified by ABS
Samsung Heavy Industries said Tuesday it obtained a detailed design approval from the US ship classification organization American Bureau of Shipping for its natural gas liquefaction cycle technology, the first in the shipbuilding industry. The shipbuilder said, upon the approval, it can save costs for the payment of technology fees …
Read More »Algeria Looks to Resume Its Dominance in the Natural Gas Market
Edison owns an 11% stake in the Reggane Nord gas project and had recently renewed a supply contract running through to 2027.
Read More »China Looks to Promote Its Arctic Role
Novatek has now requested exemption from having to contract with a domestic shipyard.
Read More »EU Investigates €108m Hungarian State Aid for Samsung Battery Plant
Samsung SDI is investing €1.2bn to expand the production capacity of lithium-ion cells and battery packs for electric vehicles in its existing plant located in Göd.
Read More »Indian Firm Eyes Investing in Qazvin Prov.
An Indian manufacturing company of various brands of home appliances. said that it intends to make investments in Qazvin province.
Read More »Could Solid Oxide Fuel Cells Cut Emissions from Shipping by 45%?
Fuel cell firm Bloom Energy and shipbuilder Samsung Heavy Industries have teamed up to further develop the technology. which converts gas into power through an electrochemical reaction.
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