Search results for: production

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  • 7 January 2016
    Business & Finance

    Newly-established product tanker company Navig8 Product Tankers Inc said that it has taken delivery of two newly constructed product tankers. One LR2 115,000dwt product tanker, named Navig8 Stability was delivered by Korean builder Sungdong Shipbuilding & Marine Engineering Co, Ltd. The second vessel is an LR1 74,000dwt product tanker, named Navig8 Excelsior, which was also […]

  • 6 November 2018

    US-based LNG equipment maker, Air Products on Tuesday reported lower fiscal fourth-quarter net income than in the same period a year ago. Net income decreased 4 percent from the comparable quarter a year ago to $452.9 million. Earnings per share were $2.05, down 5 percent. These results were affected by an income tax provision in place of […]

  • 27 October 2017

    Despite somewhat increased activity in terms of new orders in the product tanker sector in the first nine months of 2017, the orderbook remains at historically low levels, as disclosed by Capital Product Partners L.P. in a market commentary. The MR product tanker orderbook currently stands at 7.2% of the fleet, the lowest level on record. In addition, […]

  • 29 January 2019
    Business & Finance

    Oil and gas commissioning company Magma Products has appointed a new managing director.

  • 5 December 2017
    Business & Finance, Equipment, Research & Development

    St. Petersburg hosted today a meeting of the Inter-Agency Working Group on reducing dependence of Russia’s fuel and energy complex on imported products involving representatives of Gazprom. The meeting was chaired by Denis Manturov, Minister of Industry and Trade of the Russian Federation. Gazprom was represented at the event by Vitaly Markelov, Deputy Chairman of […]

  • 12 September 2017

    US-based LNG equipment maker, Air Products has signed an agreement to form a $1.3 billion joint venture with Lu’An Clean Energy Company. The new JV, to be called Air Products Lu’an (Changzhi) Co., Ltd., will expand Air Products’ scope of supply serving Lu’An Mining (Group) Co., Ltd.’s syngas-to-liquids production in Changzhi City, Shanxi Province, China. […]

  • 7 December 2018

    The Organization of Petroleum Exporting Countries has struck a deal with its Russia-led allies to cut production by 1.2 million barrels a day, in order to bring up oil prices.

  • 26 January 2018

    US-based LNG equipment maker, Air Products on Friday reported higher fiscal first-quarter profit earnings than in the same period a year ago. The company’s bottom line rose to $394.6 million, or $1.79 per share as compared to $322 million, or $1.47 per share, in last year’s first quarter. Revenue for the quarter increased 18.1 percent to […]

  • 12 March 2020

    Dutch nearshore wind farm Westermeerwind generated 74GWh of electricity in February, achieving a new production record. This means that the wind farm produced more than 4GWh more than the previous production record of 69.7GWh from October 2017. According to the project developer, February was an exceptionally good wind month, which allowed Westermeerwind to run at […]