Clean Fuel
Saipem net loss widens as orders rise
Italian oil and gas contractor, Saipem, reported a 323 million euro ($377.6 million) net loss for the first half of the year on the back of write-downs and reorganization expenses that hit 329 million euro.
Rystad Energy: European majors strive in industry downturn
Three European majors, BP, Eni and Shell have bumped up new project approvals during the recent downturn, a review by the energy research and business intelligence company Rystad Energy shows.
Cuadrilla gets permit for UK’s first shale fracking project
Lancashire-headquartered Cuadrilla has received final hydraulic fracture consent from the Department for Business, Energy & Industrial Strategy (BEIS) for its first horizontal shale gas exploration well at its Preston New Road site in Lancashire.
Kuehne + Nagel bags Petronas logistics contract
Malaysian LNG giant Petronas has awarded a three-year logistics and supply chain contract to the German logistics specialist Kuehne + Nagel.
Endesa’s H1 profit up
Spanish power sector major Endesa reported an increase in profit for the first half of the year of 15 percent.
France’s Dunkirk LNG to receive record number of cargoes in July, plans 45-day maintenance
France’s Dunkirk LNG import terminal, the country’s fourth regasification facility, is set to receive a record number of cargoes in July ahead of a planned 45-day maintenance shutdown. The Dunkirk LNG terminal took in total four cargoes this month and is expecting another shipment from Novatek’s Yam
Novatek’s Yamal LNG ships 3 million tonnes since Dec
Russia’s largest independent natural gas producer, Novatek has shipped three million tonnes of liquefied natural gas from the Yamal LNG project since December last year.
Shell signs PSCs for two blocks offshore Mauritania
The Hague-based LNG giant Shell, through its two units, signed two production sharing contracts (PSC) with the Mauritanian government for the exploration and potential future production of hydrocarbons in the offshore blocks C-10 and C-19.
Top news of the week July 16-21
US Elba Island LNG export project pushed back US energy firm Kinder Morgan said on Wednesday that the start-up of its Elba Island liquefied natural gas (LNG) export project near Savannah, Georgia had been pushed back. Report: Woodside exits Sempra’s Port Arthur LNG export project Australian LNG play
European trio signs deals for DESFA stake acquisition
The European consortium consisting of Italy’s Snam, Spain’s Enagás and Belgium’s Fluxys signed on Friday in Athens several deals for the acquisition of a 66 percent interest in DESFA, operator of the Greek gas grid and the Revithoussa LNG terminal. The agreements were signed with the Hellenic Republ
Dutch Vopak buys stake in Pakistan’s 1st LNG terminal
Dutch tank storage company Vopak signed a deal with Engro Corp to buy a 29 percent stake in Pakistan’s first liquefied natural gas (LNG) import facility. Vopak said on Friday it will invest in Elenergy Terminal Pakistan, whose subsidiary Engro Elenergy Terminal (EETPL) operates the LNG terminal that
Russia’s Novatek delivers two Yamal LNG cargoes via NSR to China
Russia’s largest independent natural gas producer, Novatek said Thursday it delivered its first cargoes of liquefied natural gas from the Yamal LNG project to China via the Northern Sea Route. As previously reported by LNG World News, the 172,000-cbm ice-class LNG carriers Vladimir Rusanov and Eduar
Q-Max on way to UK’s South Hook LNG terminal
The UK’s South Hook liquefied natural gas (LNG) terminal is scheduled to receive a cargo of the chilled fuel from Qatar next week. According to the port of Milford haven data, the Nakilat-owned Q-Max LNG carrier Bu Samra is expected to dock at the South Hook terminal’s jetty on July 26. The 267,335-
BP’s new LNG carriers set sail
The first out of six brand new liquefied natural gas (LNG) carriers being built by South Korea’s Daewoo Shipbuilding & Marine Engineering for BP has set sail, according to the UK-based energy giant. To remind, the six “Partnership class” LNG carriers have been ordered in 2014 at the South Korean shi