Clean Fuel
Wood Mackenzie: Russia Needs to Re-Focus Investment on LNG
Wood Mackenzie’s latest upstream analysis observes that Russia needs to re-focus investment from easier conventional onshore projects to more difficult and expensive tight oil, LNG and Arctic developments to maintain production in the longer-term. Russia accounts for 15% of global oil and gas produc
GTT Wins CWC LNG Technological Innovation Award (France)
On the occasion of the World LNG Summit held in Paris, GTT was awarded the LNG Technological Innovation Award 2013 by CWC for its work on the development of its membrane containment systems to reduce the daily Boil-Off in LNG Carrier tanks. The LNG Technological award rewards an active member of the
RasGas Representative Delivers Keynote Speech at CWC World LNG Summit (France)
The development of new technologies for the extraction of natural gas along with government policies favouring gas are positive steps towards recognising natural gas as a cleaner energy source in the global market, said RasGas Company Limited’s Chief Marketing and Shipping Officer, Khalid Sultan R.
DNV GL to Class German LNG Ferry
The new Fassmer built Helgoland ferry for AG EMS, will be constructed under the supervision of classification society DNV GL. The nearly 80m long vessel will be the first German flagged newbuilding to be equipped with an propulsion system designed to operate primarily with liquefied natural gas (LNG
DNV GL: LNG Will Play Significant Role in the Future (INTERVIEW)
Driven by the desire to meet the 2020 environmental targets, the maritime industry branches have recognized the demand for thinking out of the box and pursuing alternative solutions to reduce their ecological footprint. During Offshore Energy 2013 exhibition and conference in Amsterdam, the Netherla
Gazprom, Sovcomflot Discuss LNG Shipping Cooperation
The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Management Committee and Sergey Frank, Director General of Sovcomflot. Miller and Frank discussed cooperation in the marine shipping of liquefied natural gas (LNG). In particular, the meeting addressed the prosp
EU Commission Rewards Gothenburg LNG Project
Two projects in Sweden have been considered sufficiently important to merit inclusion in the EU list of infrastructure projects that are of common interest for the European Union (PCI, Project of Common Interest). One of the projects is the LNG Terminal in Gothenburg that Swedegas and Vopak plan to
South Stream Transport Releases Bulgarian EIA Report
South Stream Transport has published the Bulgarian Environmental Impact Assessment (EIA) Report. The EIA Report contains the findings of the environmental studies for the construction and operation of the Bulgarian Sector of the South Stream Offshore Pipeline, and concludes that the environment will
France: GTT Shareholders Plan IPO in February
GDF Suez, Total and private equity firm Hellman & Friedman plan a February IPO for Gaztransport & Technigaz (GTT), the world’s largest maker of storage tanks for LNG tankers, Les Echos reported. The shareholders had not yet decided how much of their stakes they wanted to sell, the newspaper said. GD
Norway: Hoegh LNG Q3 Total Income at USD 45.7 Million
Höegh LNG of Norway reported USD 45.7 million in total income for the third quarter 2013, up from USD 38.0 million in the same quarter 2012. Operating profit before depreciation was USD 10.9 million in the quarter, down from USD 13.2 million in the third quarter 2012. The reduction was mainly due to
Houlder Fuels Advances in LNG with Boil-off Gas Recondensing Unit
Increased emission legislation is impacting the maritime industry and the development of LNG as a fuel is growing at a pace. The marine engineers and designers at Houlder have recognised this and are developing specialist equipment as a result. A key example, announced this week at the Lloyd’s Marit
UK: Kentz Posts Strong Order Intake
Kentz reported a strong order intake of US$1.8bn in the first ten months of the year driven by increased bidding activity in H1. Overview Awarded new contracts in key target growth regions; including the Middle East, Russia and Americas Record backlog of US$3.0bn at the end of October 2013 (Dec 2012
Frost & Sullivan: Shale Gas Reserves in Europe Could Boost Pump Market
Greater political acceptance of shale gas exploration and the growing need among European countries to be self-sufficient in terms of energy is expected to result in the growth for the pumps market. Pump manufacturers, though, may not be able to capitalise on this potential as concerns on the enviro
VIDEO: World’s First LNG-Powered Tug
Rolls-Royce posted a video of the world’s first LNG powered tug, which was recently completed by Sanmar Shipyard in Istanbul, Turkey. https://www.youtube.com/watch?v=vUtLVqPjl3E Sanmar has completed the first of two tugs for Norwegian customer Buksér og Berging, which each feature two Rolls-Royce Be