Clean Fuel
GasLog launches LNG newbuild at Samsung Heavy
Monaco-based LNG shipper GasLog said it has launched a newbuild vessel at the South Korean Samsung Heavy Industries shipyard.
Poland receives 42nd LNG cargo
Poland’s state-owned gas company PGNiG has received its 42nd cargo of liquefied natural gas (LNG) at the country’s sole import terminal in Świnoujście.
Top news of the week October 22-27
Black & Veatch and Kiewit score Annova LNG contract, make equity investment Black & Veatch Corporation and Kiewit Energy Group have been awarded the engineering, procurement and construction (EPC) contract for the planned Annova LNG export project in the US. Venture Global LNG hires Calcasieu Pass p
Vitol says to deliver first US LNG cargo to UK’s South Hook terminal
Commodity trading company Vitol said on Friday it will soon be importing a liquefied natural gas (LNG) cargo from the United States into the UK’s South Hook terminal. The 159,983-cbm Yari LNG, loaded a cargo at Cheniere’s Sabine Pass liquefaction terminal in Louisiana and is expected to deliver its
Eni’s profit, LNG sales rise
Italian energy giant Eni said Friday its third-quarter profit rose nearly fivefold year-on-year as oil and gas prices increased. Eni reported a net profit of 1.53 billion euros ($1.74 billion) compared with 344 million euros in the year-earlier period. Production was 1.8 million boe/d in the third q
Total’s Q3 profit surges, LNG sales decline
French energy giant and LNG player Total saw its third-quarter adjusted net profit soar on the back of increasing oil prices and higher production. “Total’s third quarter adjusted net income increased by 48 percent from last year to $4 billion, while oil prices increased 44 percent to $75 per barrel
UK to receive US LNG cargo
The UK’s Dragon liquefied natural gas (LNG) terminal is scheduled to receive a cargo of the chilled fuel from the US next week. The Shell-chartered 174,000-cbm LNG carrier Pan Europe is expected to arrive at the Dragon LNG facility in the Port of Milford Haven on October 31, according to the port’s
OEEC 2018: Keep exploring, keep inspiring, keep transforming
Offshore Energy Exhibition & Conference 2018 brought together 550 exhibitors and over 10,000 unique visitors in halls 1, 2 & 3 of Amsterdam RAI. The conference and side events attracted over 1,000 delegates. The next Offshore Energy Exhibition & Conference takes place on 7, 8 and 9 October 2019. Off
GasLog Partners buying LNG carrier Methane Becki Anne for $207.4 million
GasLog Partners, the New York-listed spinoff of LNG shipper GasLog, said Thursday it entered into an agreement with GasLog to buy 100 percent of the shares in the entity that owns and charters the LNG carrier Methane Becki Anne to Shell. The Methane Becki Anne is a 170,000-cbm tri-fuel diesel electr
Italy’s OLT Offshore picks LNG cargo tender winner
Italy’s OLT Offshore LNG Toscana, the operator of the floating import terminal off the coast between Livorno and Pisa, said it has chosen the winner of an LNG cargo tender which attracted six offers. The tender launched on October 2 by OLT Offshore LNG Toscana was “successfully concluded with the aw
TechnipFMC logs profit rise
LNG engineer TechnipFMC reported a rise its third-quarter profit despite a decline in the company’s revenues. The company’s net income totaled $136.9 million, or $0.30 per share, a rise of 13.1 percent when compared to last year’s third quarter. Revenue was $3.1 billion, a 24.1 percent decrease year
Dynagas LNG Partners rakes in $53 million from offering
Dynagas LNG Partners, a limited partnership formed by the Greek shipowner Dynagas, secured $53 million after the closure of its previously announced offering. Dynagas LNG said in a statement on Wednesday it has granted the underwriters a 30-day option to purchase up to an additional 330,000 Series B
Norway’s Equinor swings to profit in Q3
Norwegian energy giant and LNG operator Equinor on Thursday reported a strong increase in third-quarter net profit as it benefited from a rise in oil and gas prices. Equinor’s net profit rose to $1.67 billion in the third quarter, compared to a loss of $480 million in the same quarter last year. Rev
Hoegh Gallant starts work for Gunvor’s Clearlake Shipping
Norway-based FSRU giant Höegh LNG confirmed Wednesday it has chartered its Höegh Gallant FSRU to Clearlake Shipping, a unit of the Switzerland-based energy trading company Gunvor. To remind, Höegh LNG said last week that the floating regasification and storage unit would be chartered to a third part