Total To Charter First LNG-Powered VLCCs
Total signed an agreement to charter its first two LNG-powered very large crude carriers (VLCCs), capable of carrying 300,000 tons of crude oil each.
The VLCCs, to be chartered from Malaysian shipowner AET, will be delivered in 2022 and will join the time-chartered fleet of Total. LNG supply for the VLCCs will be provided by Total Marine Fuels Global Solutions.
Total said the vessels were designed with LNG propulsion to benefit from reduced greenhouse gas emissions and with the latest technologies to further lower their consumption.
“With this decision, we reaffirm today our positive contribution to a sustainable shipping industry and our commitment to extend the use of LNG as a clean marine fuel,” Luc Gillet, Total’s senior vice president of hipping, said.
China Planning Railway To Transport Vaca Muerta Production
PowerChina said railway plans are moving forward under Argentina’s current administration and China could provide the financing for the $1.2–1.5 billion project.
Keystone XL Operator TC Energy Will Have a New Top Boss in 2021
One of North America’s biggest midstream companies is getting a new chief in the new year. He will oversee the construction of a 1,200-mile-long pipeline that has been a decade in the making.
US Agencies Advance Research To Increase Gulf of Mexico Production
The research will focus on potential policy changes that could help increase oil and gas production from deepwater infrastructure already in place in the Gulf of Mexico to reduce stranded assets.
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