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HRH Prince Abdulaziz Bin Salman to deliver Ministerial Address at MPGC 2022

The 29th Annual Middle East Petroleum & Gas Conference (MPGC 2022) is being held in Bahrain at the Four Seasons Hotel Bahrain Bay between May 16-17.

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Singapore bunkering publication Manifold Times is a media sponsor of the following Conference Connection organised event:

  • His Royal Highness Prince Abdulaziz Bin Salman, Minister of Energy, Kingdom of Saudi Arabia, to deliver Ministerial Address following the Official Opening by His Excellency Shaikh Mohammed Bin Khalifa Al-Khalifa, Minister of Oil, Kingdom of Bahrain on May 16, 2022.
  • MPGC 2022 Keynotes from Mr. Alan Haywood, BP, Mr. Thomas Waymel, TotalEnergies, Mr. Mike Muller, Vitol.
  • More than thirty (30) other speakers to also participate in person to address 10 sessions on May 16 and 17, including MPGC 2022 Crystal Ball, Keynote Addresses, All-Star Analysts Panel, MPGC Hard Talk, Refining and LNG Trading.

Jointly hosted by Ministry of Oil, Bahrain, The Bahrain Petroleum Company (Bapco) and nogaholding, the 29th Annual Middle East Petroleum & Gas Conference (MPGC 2022), organized by Conference Connection being held in Bahrain at the Four Seasons Hotel Bahrain Bay on May 16-17, is rapidly gathering steam. High level Ministers, super major CEOs, top Wall Street analysts, oil and gas visionaries, global traders, refiners and other industry specialists have confirmed their participation in person, although the conference will also provide the option for speakers and delegates to attend virtually.

MPGC will commence on May 16 2022 with the Official Opening and Ministerial Addresses, to be graced and delivered by His Excellency Shaikh Mohammed Bin Khalifa Al-Khalifa, Minister of Oil, Kingdom of Bahrain, and His Royal Highness Prince Abdulaziz Bin Salman, Minister of Energy, Kingdom of Saudi Arabia. His Excellency Abdulla Jehad Al Zain, Chairman of the Board of Directors and Dr. Abdulrahman Jawahery, CEO of hosts Bapco are also expected to be present together with other VIPs.

The opening session will also feature the eagerly awaited annual MPGC 2022 Crystal Ball to be delivered by Co-Chair Dr. Fereidun Fesharaki, followed by Keynote Addresses on the future of the energy markets delivered by, BP plc’s SVP for ESG transformation, Mr. Alan Haywood, TOTSA TotalEnergies’ President of Trading and Shipping, Mr. Thomas Waymel and Vitol Asia’s President, Mr. Mike Muller.

The overarching MPGC 2022 theme “Diverse Perspectives: Transitioning Towards a Carbon Constrained World” will find its way into ten agenda sessions, including a first-time panel on Future Fuels and Energy Transition. The trajectory of crude oil prices, the challenges to supply and production as well as the path to energy transition are expected to dominate discussion in equal measure.

Highlights of discussions on the first day of MPGC on May 16, 2022, will by popular demand, include the MPGC “All-Star” Analysts Panel with the global heads of research of leading commodity houses. To be chaired by Dr. Jeffrey Brown, President of FGE, panelists include Dr. Edward L. Morse, Global Head of Commodities Research of Citigroup and Dr. Paul Horsnell, Head of Commodities Research of Standard Chartered.

The closing session for May 16 “MPGC Hard Talk and Dialogue” to be moderated by Mr. Dave Ernsberger, Global Head of Content and Market Insights, S&P Global Platts, will provide insights on the Middle East pricing and trading transformation, with oil and product traders from Bapco, ICE, Vitol and the DME. The day will close on a fitting note with the MPGC 2022 Gala Dinner to be hosted by Bapco.

Continuing on Day Two May 17, 2022 will be debate and dialogue on LNG Trading, the Refining Landscape, and the Energy Transition Panel, which will address the prospects for the oil and gas ecosystem shifting to a lower carbon future. ADNOC LNG, Shell LNG Marketing, BP IST Middle East, TotalEnergies Gas & Power, Cheniere Marketing, Bapco, Tecnicas Reunidas, Samsung Engineering, Technip Energies, Vitol and S&P Global Platts are expected to participate.

As an iconic event on the global oil industry calendar, MPGC 2022 is expected to enjoy strong representation from its loyal ranks of alumnus, first timers keen to experience MPGC, with high visibility from regional players, NOCs/IOCs and traders, especially from Saudi Arabia and Bahrain.

MPGC is the longest running annual oil and gas conference in the Middle East and more than 450 global brands have supported the event in its 29-year history. MPGC 2022 has also received outstanding support and sponsorship from leading oil market brands including platinum sponsors Chevron and S&P Global Platts, corporate sponsors ICE, Kpler, Samsung Engineering, Shell, Technip Energies, Tecnicas Reunidas, and Uniper, and function hosts Bapco, Saudi Aramco and Vitol. The 2022 event is also supported by Gulf Downstream Association (GDA), International Association of Drilling Contractors (IADC) and Middle East Gases Association (MEGA).

Also being held alongside are MPGC Week 2022 events, running from 15 – 19 May 2022, which will bring together three executive briefings and technical workshops, with MPGC as the anchor event. These will run back-to-back in the same week, delivering extensive learning, knowledge sharing and networking opportunities to the MPGC community.

Queries and Registrations at:
[email protected] | www.mpgc.cc | www.cconnection.org/mpgc-week-2022

 

Published: 2 March, 2022

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Alternative Fuels

Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

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Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Taiwanese shipping firm Yang Ming Marine Transport Corporation (Yang Ming) and South Korean shipbuilder Hanwha Ocean on Wednesday (2 September) signed a shipbuilding contract for six 13,000 TEU class LNG dual-fuel container vessels. 

The contract was signed by Dr. Chuck Tsai, Chairman of Yang Ming, and Mr. Charles Kim, CEO of Hanwha Ocean. The vessels are scheduled for delivery between 2028 and 2029. 

They will complement Yang Ming’s existing fleet of 10,000+ TEU vessels and serve as key vessels on East-West services, with deployment flexibility across trade lanes connecting Asia with the East and West Coasts of North America, South America, and the Mediterranean. 

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

“As Yang Ming transitions toward net-zero emissions, LNG provides a relatively mature and economically viable alternative fuel solution, capable of reducing greenhouse gas emissions by approximately 20%,” the company said. 

“At the same time, ammonia can serve as a carbon-free fuel by utilising converted LNG storage facilities, while offering relatively lower conversion costs and comparatively well-developed supply chains and infrastructure. The Ammonia Fuel Ready design will therefore provide Yang Ming with greater flexibility in responding to increasingly stringent international regulations on greenhouse gas emissions.”

In addition, the vessels will be equipped with Type B LNG fuel tanks with a design pressure of 1.0 bar to enhance the safety and efficiency of LNG operations, together with a range of energy-saving technologies, including Wind Shields, Rudder Bulbs, Pre-Swirl Stators, and Shore Power Systems. Smart ship technologies and cybersecurity protection features will also be incorporated to enhance operational efficiency, safety, and reliability while effectively reducing fuel consumption and greenhouse gas emissions.

Deliveries under Yang Ming’s next-generation fleet optimization plan commenced earlier this year. By 2030, a total of 24 new vessels are expected to enter service. 

This includes 18 LNG dual-fuel vessels—comprising five 15,500 TEU, seven 16,000 TEU, and the six 13,000 TEU vessels under this contract—alongside six 8,000 TEU methanol dual-fuel-ready ships. 

 

Photo credit: Yang Ming Marine Transport
Published: 4 September, 2026

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Alternative Fuels

LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Both secured AiP for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

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LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Lloyd’s Register (LR) and the Marine Design and Research Institute of China (MARIC) on Thursday (3 September) have secured Approval in Principle (AiP) for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

Announced at SMM 2026, the concept addresses one of the biggest investment challenges facing shipping today: the need to develop vessels and capabilities that can support a range of alternative fuel options and pathways as technologies, infrastructure and regulations evolve.

While LNG is already a mature fuel pathway, methanol and ammonia remain at an earlier stage of development, with questions around global fuel availability, infrastructure development, economics and long-term adoption.

The 114,000 DWT tanker concept has been designed as a product and crude oil carrier that can accommodate future conversion to LNG, methanol or ammonia as technologies, regulations and fuel supply chains mature. By incorporating conversion readiness at the design stage, the concept aims to reduce future retrofit complexity and provide owners with greater confidence when planning long-term fleet investments.

The design concept was reviewed against LR’s July 2026 class rules and regulations, including requirements relating to ships using gases and other low-flashpoint fuels, alongside relevant IACS Common Structural Rules for oil tankers. Final classification and statutory approval remain subject to full compliance with all applicable rules and regulations.

Theo Kourmpelis, Global Business Director for Tankers, Lloyd’s Register, said: “Shipowners are being asked to make major investment decisions today despite continued uncertainty around which fuels will dominate in the decades ahead. Alternative fuel solutions each offer potential pathways to compliance, but fuel infrastructure, regulation and economics continue to evolve at different speeds around the world.

“Designs that preserve flexibility will be critical in helping owners manage risk while preparing for multiple future scenarios.”

Si Nan, Marine & Offshore Marketing Department Vice Director, MARIC, said: “As the industry explores different decarbonisation pathways, shipowners need vessel designs that can adapt alongside technological and regulatory developments. This concept was developed specifically to provide greater fuel flexibility and long-term resilience, allowing owners to respond to changing market requirements without being locked into a single fuel strategy.

“Receiving Approval in Principle from Lloyd’s Register is an important milestone that validates the design concept and supports its future development.”

 

Photo credit: Lloyd’s Register
Published: 4 September, 2026

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Alternative Fuels

DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

LNG-fuelled vessels accounted for the vast majority of August activity while the strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year.

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DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

Latest data from classification society DNV’s Alternative Fuels Insight (AFI) platform alternative-fuelled vessel ordering was strong in August, with 52 new vessels added to the platform.

This is the highest monthly total since October 2024 and follows another active month in July, when 47 vessels were added to the database.

LNG-fuelled vessels accounted for the vast majority of August activity, with 46 orders recorded. The container segment led the way with 30 orders, while the car carrier segment contributed a further 12 LNG-fuelled vessels. In addition, four ethanol-fuelled bulk carriers and two hydrogen-powered bulk carriers were added during the month, as well as one LNG bunker vessel.

The strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year. In total, 242 alternative-fuelled vessel orders have been placed in the first eight months of 2026, representing a 27% increase compared with the same period in 2025.

LNG remains the dominant fuel choice, accounting for 63% of all alternative-fuelled vessel orders registered so far this year. Container vessels represent the largest share of these LNG orders (59%), followed by car carriers (30%).

Jason Stefanatos, Global Decarbonization Director at DNV Maritime, said: “The past two months have been particularly strong for alternative-fuelled vessel ordering, with August recording the highest monthly total we’ve seen since October 2024. This has helped lift year-to-date orders to a level well above the same period last year.

“LNG remains the leading fuel choice, driven largely by activity in the container and car carrier segments. These sectors have been among the earliest adopters of alternative fuels, supported by predictable liner operations and increasing demand from cargo owners to reduce emissions across supply chains. 

“For many owners, LNG offers a combination of emissions reductions, fuel availability and future flexibility while the longer-term fuel landscape continues to evolve. 

“At the same time, the latest figures include orders for ethanol- and hydrogen-fuelled vessels, highlighting that owners continue to explore a range of decarbonization pathways. Different segments are making different fuel choices, but the overall level of activity demonstrates continued investment in lower-emission shipping.”

Screenshot 2026 09 04 at 12.29.26 PM Screenshot 2026 09 04 at 12.29.36 PM

 

Photo credit: DNV
Published: 4 September, 2026

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