Clean Fuel
Evergas LNG Carriers Get Equipment from Wartsila
Three new state-of-the-art 27,000 cbm LNG/Multigas Carriers for Evergas, the Denmark based transporter of petrochemical gases and natural gas liquids, are to be built featuring the integrated Wärtsilä solution, comprising the main propulsion equipment, the gas fuel supply system, and the cargo handl
Rosneft Starts Production Drilling at Northern Chaivo Field
Rosneft started implementation of a large-scale project aimed at drilling of the first production well at the field North-end of Chaivo. Rosneft President, Chairman of the Management Board Igor Sechin and Sakhalin Region Governor Alexander Khoroshavin attended the grand ceremony. As stated by Igor S
Report: Global LNG Fleet Surpasses 400 Mark
The global LNG carrier fleet surpassed the 400 vessel mark for the first time mid-April, according to a report by the Irish Maritime Development Office (IMDO). The global LNG carrier fleet has experienced a remarkable growth path since the first commercial cargo of LNG was delivered from Algeria to
UK: LNG Carrier Scheduled at South Hook Next Week
The UK’s South Hook liquefied natural gas import terminal is expected to receive a cargo of LNG from Qatar next week, port data shows. The Al Khuwair LNG tanker, with a capacity of 217,000 cbm, is due to arrive at the South Hook terminal on May 23. The South Hook terminal can process 15.6 million to
Rosneft, China Consider Expansion of East Siberia Cooperation
As part of the preparations for the visit of President of the Russian Federation Vladimir Putin to China, Rosneft President, Chairman of the Management Board Igor Sechin held a meeting with Zhou Jipng, General Director of China National Natural Gas and Petroleum Corporation on the 15th of May. The p
Odfjell Enters into LPG Joint Venture
Odfjell said it has entered into an agreement with affiliates of Breakwater Capital and Oak Hill Advisors to form a liquefied petroleum gas and ethylene (LPG/E) shipping joint venture. Further, Odfjell announced that it has exercised its option for construction of four 22,000 cbm LPG/E gas carriers
PIRA: Potentially Bullish Future Creates Bearish Present in Europe
NYC-based PIRA Energy Group reports that Taiwan joins the nuclear debate. In the U.S., larger-than-expected storage builds continue. In Europe, potentially bullish future creates a bearish present. Specifically, PIRA’s analysis of natural gas market fundamentals has revealed the following: Recent de
Dynagas LNG Records Slight Decrease in Net Income
Dynagas LNG Partners reported net income of $11.0 million for the three months ended March 31, as compared to $11.2 million in the corresponding period of 2013. Operating income for the first quarter of 2014 was $12.8 million, compared to $13.5 million in the corresponding period of 2013. Adjusted E
PSA Releases Report on Gas Leak at Hammerfest LNG
The hydrocarbon leak that occured at Statoil’s Hammerfest LNG facility in northern Norway on 5 January had a big accident potential and could have led to loss of life, according to the Petroleum Safety Authority’s (PSA) investigation. This incident occurred during the evening, when the process plant
Gazprom, Hungary Discuss South Stream Progress
Budapest hosted a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Viktor Orban, Prime Minister of the Republic of Hungary. The parties addressed the current state of the South Stream project and highlighted that it was progressing on schedule. The gas pipeline
Registration Starts for 7th Offshore Energy Exhibition & Conference
Preparations for the 7th Offshore Energy Exhibition & Conference are well underway. On 28 & 29 October 2014 Amsterdam will again be the place to meet the international offshore community. With visitors from over 60 different countries and a proven track record of steady growth since its foundation i
Technip Confirms Yamal LNG Deal
Technip confirmed that with its partners it has finalized the award by JSC Yamal LNG of a very major contract for a liquefied natural gas facility with a capacity of 16.5 million tons per year (Mt/y). The project will comprise three liquefaction trains of 5.5 Mt/y that are among the world’s largest
GasLog Q1 Profit Up
GasLog, an international owner, operator and manager of LNG tankers, posted a profit of $6.3 million for the first quarter of 2014, compared to $5.9 million in the same quarter a year ago. First quarter 2014 highlights: • Announced the acquisition of three vessels from a subsidiary of BG Group for $
Qatari LNG Heads for UK
The UK’s South Hook liquefied natural gas terminal is expected to receive a cargo of LNG on May 21, port data reveals. The Lijmiliya LNG tanker, with a capacity of 263,oo0 cbm, is transporting the cargo from Ras Laffan, Qatar. Qatar Petroleum owns 67.5 per cent of South Hook LNG Terminal Co, Exxon M