Clean Fuel
Top news of the week Jan. 28-Feb. 2
Qatar eyeing orders for 60 new LNG tankers South Korean shipyard are bracing for a jump in liquefied natural gas (LNG) shipbuilding contracts from Qatar. WoodMac: FLNG industry growth facing headwind Floating liquefied natural gas industry is expected to continue its growth in the future, however, i
Chevron posts rising profit
Chevron, the US-based energy company and the operator of the giant Gorgon and Wheatstone LNG projects in Australia, Reported a rise in the fourth quarter and full-year 2018 profit.
Novatek signs Arctic LNG 2 equipment deal with Siemens
Russia’s largest independent natural gas producer Novatek said its Arctic LNG 2 project signed a contract on compressor equipment for three liquefaction trains with Siemens.
Total to deliver spot LNG cargo to Lietuvos Energijos Tiekimas
Lithuania’s gas and electricity supplier, Lietuvos Energijos Tiekimas (LET) has secured a spot LNG cargo from France’s Total.
Connect LNG performs new UTS test in Norway
Norway’s Connect LNG conducted another offshore marine operation with the UTS jettyless transfer system La Santa Maria, together with the Spanish utility company, Naturgy, and the Norwegian energy company, Equinor.
Gazprom to build LNG supply plant for Kuril Islands
Russian giant Gazprom is set to develop a natural gas liquefaction facility in the Poronaysk district, a statement by the Sakhalin Region government says.
Baleària’s first LNG ferry starts commercial operations
Spanish shipping company Baleària said its first LNG-fueled ferry, Hypatia de Alejandría, completed its first commercial trip between Barcelona and Palma, starting operations.
Croatia sets funds aside for Krk LNG terminal
Croatian government on Wednesday approved €234 million ($269.1 million) financing for the first stage of the liquefied natural gas (LNG) terminal project on the northern Adriatic island of Krk.
Shell’s profit soars on high prices
The Hague-based LNG giant Shell reported a 36 percent jump in profit during 2018 on the back of higher realized oil, gas and LNG prices.
WoodMac: FLNG industry growth facing headwind
Floating liquefied natural gas industry is expected to continue its growth in the future, however, it will be at a slower steadier pace of growth is likely as FLNG competes for capital and buyers in a busy LNG market.
GasLog Partners 2018 profit up
GasLog Partners, the New York-listed spinoff of LNG shipper GasLog, reported a slide in profit during the last quarter of the year, as well as for the whole twelve months.
Wärtsilä to cut jobs after fourth-quarter profit slump
Finnish engine maker Wärtsilä is set to cut 1,200 jobs to profitability in the coming years, as its profit saw a decrease during the fourth quarter of 2018.
Ophir, Medco agree on financial terms of potential bid
London-based Ophir Energy on Wednesday said that following negotiations with Medco, the companies have reached an agreement on the terms of the potential takeover bid.
KN completes 20th small-scale LNG reload in Klaipeda
Klaipedos Nafta, the operator of the Lithuanian LNG terminal in the port of Klaipeda performed the 20th small-scale liquefied natural gas reloading operation.