Dorian LPG Ltd., owner and manager of modern very large gas carriers (VLGCs), entered into a memorandum of understanding with HNA Logistics Group Co. Ltd. to explore opportunities in the LPG market. Ximen “Steve” Chen, director and vice president of HNA Logistics, said of the memorandum, “We will jointly engage in the development of green energy logistics which includes LPG vessel investment, gas supply chain solutions and infrastructure in the Chinese market, with the ultimate goal of together building an LPG distribution business in China to take advantage of the significant opportunities for growth in the global LPG industry.”
Dorian LPG also announced that it has taken delivery of the eco VLGC Comet from Hyundai Heavy Industries Co. Ltd. in Ulsan, South Korea. The VLGC will immediately enter a five-year time charter with Royal Dutch Shell Plc.
Recommended Reading
Oil States’ ACTIVEHub for Digitized Assets
2024-03-14 - Oil States Energy Services’ new ACTIVEHub system and ACTIVELatch help operators remotely monitor and automate frac locations for a more efficient and safer wellsite.
Forum Energy Signs MOU to Develop Electric ROV Thrusters
2024-03-13 - The electric thrusters for ROV systems will undergo extensive tests by Forum Energy Technologies and SAFEEN Survey & Subsea Services.
Axis Energy Deploys Fully Electric Well Service Rig
2024-03-13 - Axis Energy Services’ EPIC RIG has the ability to run on grid power for reduced emissions and increased fuel flexibility.
Cyber-informed Engineering Can Fortify OT Security
2024-03-12 - Ransomware is still a top threat in cybersecurity even as hacktivist attacks trend up, and the oil and gas sector must address both to maintain operational security.
GEODynamic’s EPIC Perforating Technologies for Wireline Solutions
2024-03-12 - The EPIC Precision and EPIC Flex top-loading gun systems are engineered to be used across a broad range of unconventional well designs for extremely reliable plug-and-perf completions.