Market Trends

The long-term time charter party (TCP) agreements with China Merchants Group, Shandong Marine Group, and China LNG Shipping (CLNG) cover the operation of nine QC-Max LNG vessels.

The May/June 2024 issue features coverage of the growing carbon-capture industry, a tour of GE Vernova’s Facility in South Carolina, a Q&A on digital ecosystems with Emerson, and more.

The supply chain group will establish a reliable, cost-effective process to manufacture and commercialize the BWRX-300 small modular reactor (SMR).

As part of QatarEnergy’s fleet expansion program, China State Shipbuilding Corp. (CSSC) will build 18 QC-max size LNG vessels with a capacity of 271,000 cubic meters each.

The duo signed a partnership agreement to leverage their hydrogen power solutions for new customers, including Hyliion’s KARNO generator and BayoTech’s hydrogen hubs.

Aurora Hydrogen’s methane pyrolysis will support the Open Hydrogen Initiative’s (OHI) open-source toolkit to measure the carbon intensity of hydrogen.

EIG’s MidOcean Energy finalized a previously announced agreement to acquire a 20% stake in SK earthon’s Peru LNG, which owns and operates an LNG export facility.

CFD is a great tool, but it takes experienced engineers to get accurate results.

A joint development agreement will explore the buildout of greenfield low-carbon ammonia production capacity at CF Industries’ Blue Point Complex in Louisiana.

Under the Azeri-Chriag-Gunashli project, bp’s Azeri Central East (ACE) offshore platform is expected to produce up to 300 million barrels of oil in its lifetime off the shores of Azerbaijan.

The two companies will identify business opportunities to develop joint decarbonization solutions related to the capture, transportation, and sequestration of CO2.

A high-level overview of the centrifugal compressors market.

The tax credits will be invested in the operational efficiency and the expansion of electrolyzer stacks at Bloom Energy’s Fremont manufacturing facility in California.

The mosaHYc project is a cross-border endeavor to convert approximately 90 km of gas pipelines for the transportation of hydrogen between France and Germany.

The expansion is expected to add up to 1.5 billion bscfd to the gas plant’s processing capacity, which will contribute to its strategy to raise gas production by more than 60% by 2030.

Rolls-Royce is using its nuclear and turbomachinery heritage to create micro-reactors for space and terrestrial applications.

Chevron New Energies led a $45 million funding round for ION Clean Energy, enabling organizational growth and the deployment of its ICE-31 liquid amine carbon-capture solution.

Jeffrey Goldmeer of GE Vernova discusses the steps toward a decarbonized energy economy—from supply and cost to turbomachines and lower-carbon fuels.

Funded by the Emissions Reduction Alberta (ERA) award, the partnership will assess the feasibility of repurposing a fossil-fuel electricity generation site for an Xe-100 plant.

MidOcean Energy will allocate Mitsubishi’s strategic investment toward its goal to create a diversified, global “pure play” integrated LNG company.

GE Vernova achieved standalone status after spinning off from GE, and it will begin trading on the New York Stock Exchange (NYSE) under the “GEV” ticker at opening bell April 2, 2024.

The company signed four long-term time charter party (TCP) agreements with shipowners for the operation of 19 additional LNG vessels as part of its LNG fleet expansion program.

The Baker Hughes conference argued in favor of natural gas as a fuel that can help meet net-zero goals.

SLB is acquiring majority ownership in Aker Carbon Capture (ACC) and the two companies will combine technology portfolios, process design experience, and a project delivery platform.

The new company’s direct air capture (DAC) process uses advantaged solid materials, namely zeolites, to capture CO2 and water for end-product production.