Clean Fuel
Total logs profit despite COVID-19 effects
Total reported a 96 per cent drop in adjusted profit for the second quarter of 2020 due to lower prices and COVID-19 effects.
Shell’s second-quarter LNG sales drop
The Hague-based LNG giant Shell logged a 7 percent decline in its liquefied natural gas sales during the second quarter of this year as it reported a huge quarterly loss. Shell announced on Thursday a loss of $18.1 billion for the second quarter due to the effects related to the Covid-19 pandemic. T
GTT sees revenue rise as it continues to book new orders
French LNG containment specialist GTT posted a 66.2 percent rise in revenue in the first half as it booked eighteen new orders. The company said its revenue reached 203.8 million euros ($240 million) in the January-June period. Revenue benefited from the flow of orders over the last two years, it sa
Novatek logs 40 percent plunge in quarterly profit
Russian independent LNG producer Novatek reported a 40 percent decline in its second-quarter profit due to the effects related to the Covid-19 pandemic. Net profit reached 41.6 billion roubles ($572.8 million) in the April-June period, compared to 69.1 billion roubles last year. Revenues also droppe
Gasum claims another LNG bunkering first
The Nordic energy company Gasum has conducted the first truck-to-ship liquefied natural gas (LNG) bunkering operation in Germany.
Flex takes delivery of its first 2020 LNG newbuild
Norway-based shipping company Flex LNG has taken the delivery of its first newbuild carrier for this year and expects additional vessels to follow shortly. South Korea’s Hyundai Samho Heavy Industries delivered the 174,000-cbm Flex Aurora on Wednesday. The LNG shipping company controlled by billiona
InfraVia buys small-scale LNG player Molgas
French private equity firm InfraVia Capital Partners has acquired European small-scale LNG player Molgas Energy. The equity company completed the acquisition via its InfraVia European Fund IV, it said on Tuesday without revealing the financial details of the transaction. However, law firm Ashurst sa
Enagas logs profit hike as LNG business grows
Spanish LNG terminal operator Enagas reported a 9.4 percent profit rise in the first half as its regasification plants continued to operate as usual during the Covid-19 pandemic. The company said profit after tax in the January-June period increased to 236.3 million euros ($276.9 million). This comp
NYK, CMA CGM, Port of Rotterdam join Hydrogen Council
The Hydrogen Council, a global CEO-led coalition working to enable the global energy transition through hydrogen, has welcomed three new members from the maritime sector.
Silverstream tech ordered for Shell-chartered LNG carriers
Silverstream Technologies has secured a new deal to install its air lubrication tech on eight newbuild LNG carriers.
Balearia’s ferry in first LNG bunkering
Spanish Balearia’s LNG-powered fleet keeps growing as its newly retrofitted ferry Sicilia has completed its first bunkering operation in Portugal. The truck-to-ship bunkering operation took place on July 19 in the port of Viana do Castelo where Portuguese West Sea shipyard is completing the conversi
Uniper, GE pair up on natural gas assets decarbonization
Germany’s Uniper has teamed up with General Electric to decarbonize its gas-fired power plants and natural gas storage facilities.
Novatek delivers first Yamal LNG cargo to Japan via NSR
Novatek, Russia’s largest independent natural gas producer, shipped the first cargo of liquefied natural gas from the Yamal LNG project to Japan transported eastbound via the Northern Sea Route.
Gaz-System starts FSRU terminal market interest
Polish gas grid operator Gaz-System has launched a non-binding Market Screening for new transmission capacities as well as new regasification capacities of planned FSRU LNG terminal.