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.
Read More »Oil Extends Gains as Iran`s Seizure of Tanker Keeps Tension High
Crude has been weighed down by concerns that demand is slowing. but the focus is now shifting back to supply and geopolitical risks.
Read More »KOGAS Keen to Expand Global Presence
Despite Korea’s relatively short history of exploration. Kogas has succeeded in gas exploration in Mozambique and Myanmar.
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