MUFG Americas CEO: AI data centres will boost renewable energy demand, even under Trump
Mitsubishi UFJ Financial Group, the largest Japanese banking group, has said that the U.S.'s shift to renewable energy will continue under Donald Trump. Kevin Cronin, chief executive officer of MUFG Americas…
Peru's No. Adolfo Heeren is named new CEO of Antamina, Peru's No.
Antamina is the second largest copper mine in Peru. It announced on Thursday that Adolfo Héren was appointed as its new CEO and General Manager. Heeren will take over the role of CEO for Anglo American Peru on February 1, 2025.
As tensions in the Middle East increase, demand worries are offset.
The oil prices rose on Monday, as the heightened tensions that followed the rebels' overthrow in Syria of President Bashar al Assad offset concerns about the weak Chinese demand highlighted by Saudi Aramco’s price reductions to Asian buyers.
LNG traders divert cargoes to Asia from Europe as demand in the east increases
Analysts and shipping data indicate that three LNG cargoes bound for Europe were diverted to Asia in order to meet the stronger Asian demand, and because gas prices have decreased in Europe. The rapid change…
BP and its partners invest $7 billion into a carbon capture project in Indonesian Papua
BP and its partners announced that they will invest $7 billion into a carbon-capture project and the development of gas fields in Indonesia's easternmost Papua Region, which could unlock an additional 3 trillion cubic feet in gas resources.
Mitsubishi Japan expects LNG production to reach 17 million tonnes per year by early 2030
Mitsubishi, a Japanese trading company, expects to see its LNG production capacity grow by over 17 million tonnes per year in the early 2030s. This is due to its stakes including projects in Malaysia and Canada.
Equinor, a Norwegian company, tries to lease an offshore wind farm in Japan again.
Two sources claim that Equinor, a Norwegian energy company, has bid with other companies to build an offshore wind farm in Japan's latest state auctions. It is looking for a foothold on the market. Equinor’s…
Canadian Natural Gas Companies eager to capitalize on the LNG boom flood the market with excess supply
Analysts said that a huge LNG Canada terminal, led by Shell, could struggle to raise Canadian natural-gas prices dramatically when it begins operating next year, because of a glut of supply waiting to be released.
Ifx: Japan is the top buyer of LNG from Sakhalin 2 in Russia
Interfax reported that a senior manager of the Sakhalin 2 plant in Russia said on Thursday that Japan was currently the largest importer of LNG from Russia, accounting for 57.5% its exports. Since the beginning of Russia's conflict with Ukraine…
Siemens Energy settles with US over gas turbine contract dispute
Siemens Energy said it had agreed to pay $104m to settle with U.S. Authorities after using stolen trade secrets five years ago to inflate its bids on contracts. The proposed settlement between a U.S. Court…
Mitsubishi increases stake in Malaysia LNG
The Japanese trading house Mitsubishi announced on Friday that it will expand its ownership of a major project in Malaysia involving liquefied gas. It has acquired 10% stakes in both the Dua and Tiga unit of the Malaysia LNG Plant.
Mitsubishi buys stake and offtakes ammonia in Texas from ExxonMobil
The Japanese trading house Mitsubishi announced on Friday that it had reached an agreement in principle to purchase a stake and take delivery of low-carbon ammonia produced by ExxonMobil at its hydrogen plant in Texas.
Survival of the fittest: petrochemical manufacturers battle global glut
The survival mode of petrochemical producers is on in Europe and Asia. Years of capacity building in China, the top market for petrochemicals, and high energy prices in Europe have pushed margins down two years in a row.
Mitsubishi Inks Deal to Supply LNG FGSS Units for 12 Ships
Mitsubishi Shipbuilding received orders from Imabari Shipbuilding for 12 units of its Fuel Gas Supply System (FGSS), a liquefied natural gas (LNG) fuel gas supply system for high-pressure dual-fuel marine engines.
Molten Salt Reactors: Maritime’s Nuclear Option
A race is being run by nuclear scientists and ship designers. The prize? “Decarbonization’s” holy grail — believed to be a “small” thorium-fueled, molten-salt rector’s unlimited power to propel sea trade.
Jurong Port, MHI and JERA Explore Plan to Build Ammonia Power Plant in Singapore
A consortium of Singapore and Japanese companies have signed an initial agreement to build a power plant fuelled only by ammonia in the city state.Singapore's Jurong Port, Mitsubishi Heavy Industries Asia Pacific (MHI-AP) and JERA plan to build the 60 meg
Russia's Medvedev Says Oil Could Hit Up to $400 a Barrel if Japanese Proposal Adopted
Russia's former president Dmitry Medvedev said on Tuesday a reported proposal from Japan to cap the price of Russian oil at around half its current level would lead to significantly less oil on the market…
Mitsubishi Shipbuilding, NYK Line score ClassNK AIP for Large LCO2 Carrier
Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, and Nippon Yusen Kabushiki Kaisha (NYK Line) wee granted Approval in Principle (AiP) from ClassNK for joint development of CO2 transport…
Carbon Capture & Storage: A New Lease of Life for Submarine Pipelines?
Since 2019, hydrogen and carbon capture and storage (CCS) have risen up the political agenda, globally, offering a route to decarbonization, as well as (more recently), increased energy security. Many are…
Mitsubishi Shipbuilding to Build LNG Bunkering Vessel
Mitsubishi Shipbuilding Co. signed a contract with KEYS Bunkering West Japan Co., Ltd. for construction of a liquefied natural gas (LNG) bunkering vessel, the first to operate in western Japan. The vessel…
