Clean Fuel
Port of Ferrol concludes its first LNG bunkering
The port of Ferrol hosted its first liquefied natural gas (LNG) bunkering operation recently as Repsol bunkered Torghatten Nord vessels, Huftarøy and Samnøy.
Eiffage-Saipem consortium wins Tortue LNG marine infrastructure deal
French construction company Eiffage through its Eiffage Génie Civil Marine unit has been awarded an EPCI deal for the BP’s Greater Tortue Ahmeyim Field Development Phase 1 offshore Mauritania and Senegal.
TechnipFMC bags Tortue Ahmeyim FPSO deal
LNG engineer TechnipFMC has been awarded a floating production storage and offloading (FPSO) unit contract by BP for its Tortue Ahmeyim development on the maritime border of Mauritania and Senegal.
Coalition sees LNG forming pathway to IMO 2050
The coalition promoting the uptake of LNG as a marine fuel, SEALNG, believes LNG is a viable pathway to meet the International Maritime Organization (IMO)’s 2050 greenhouse gas (GHG) targets.
KfW IPEX-Bank to finance AIDA Cruises’ LNG-powered newbuild
KfW IPEX-Bank is setting up the financing for AIDA Cruises’ new cruise ship powered with liquefied natural gas (LNG), to be built at the Meyer Werft shipyard in Papenburg, Germany.
Höegh LNG Partners post fourth-quarter profit rise
Höegh LNG Partners, the Bermuda-based limited partnership formed by Norway’s floating giant Höegh LNG, reported a rise in its fourth-quarter profit.
Flex LNG’s profit up on strong market
Flex LNG, the company controlled by billionaire John Fredriksen and an emerging player in the LNG shipping business turned into a profit on a strong market.
Awilco LNG keeps tightening losses
Norwegian LNG transportation provider Awilco has tightened its losses during the fourth quarter and the full-year 2018.
ExxonMobil, Qatar Petroleum hit gas off Cyprus
Qatar Petroleum and ExxonMobil have made a natural gas discovery on the Glaucus-1 prospect, located in Block 10 in the Eastern Mediterranean, approximately 180 kilometers southwest from Limassol port, offshore Cyprus.
Golar LNG posts fourth-quarter loss
LNG shipper Golar reported a net loss in the fourth quarter of 2018, impacted by derivative losses and an impairment charge on investment in Golar LNG Partners.
Vitol to explore LNG opportunities with KOMIPO
Korea Midland Power (KOMIPO) and Vitol Asia have signed a memorandum of understanding (MOU) on cooperation in various sectors including liquefied natural gas.
Damen bringing French dredger LNG conversion to conclusion
Dutch shipbuilding giant Damen has brought Europe’s first conversion of a dredger to dual-fuel capability combining LNG and MGO close to completion, 19 months after the contract was awarded.
GTT posts revenue, profit rise in record year
French liquefied natural gas containment system specialist, GTT, posted a 2.2 percent rise in revenue for the year 2018.
Enagás’ profit ticks up in 2018
Spanish LNG terminal operator, Enagás a net profit of €442.6 million ($504 million) in 2018, a 1 percent increase over 2017 figures, reaching its target for the twelfth consecutive year.