Clean Fuel
Helge Lund named BP’s chairman
The UK-based energy giant BP named Helge Lund as the successor to Carl-Henric Svanberg as chairman of the company.
Global LNG fleet set for record year
The global fleet of liquefied natural gas (LNG) carriers is set to be joined by a record number of vessels this year. According to the data by VesselsValue provided to LNG World News, 22 LNG vessels worth $3.9 billion have been delivered so far in 2018. Another 43 LNG vessels with a price tag of $7.
Shell’s profit soars, LNG sales bump up
The Hague-based LNG giant reported a sharp increase in its first-quarter profit, boosted by contributions from its Integrated Gas and Upstream businesses.
Qatar looking to strengthen LNG ties with Poland
Qatari delegation, led by Saad Sherida Al-Qaabi, CEO and president of Qatar Petroleum discussed the potential of increasing cooperation in the LNG sector with Polish minister of energy Krzysztof Tchorzewski.
Foreign exchange effects hurt Novatek’s profit as Yamal LNG boosts revenue
Novatek, the operator of the giant Yamal LNG project in the Russian Arctic, reported a 39.3 percent drop in net income for the first quarter of 2018 on IFRS basis.
Statoil’s first-quarter profit rises
Norwegian energy giant and LNG operator Statoil reported an increase in net profit for the first quarter of 2018, underpinned by higher oil and gas prices and high production.
Enagás’ profit edges up, Spanish gas demand grows
Spanish LNG terminal operator, Enagás reported a net profit of €103.9 million ($126.8 million) for the first quarter of 2018, edging out the 2017 result by 1 percent.
Croatia pushes back 2nd bidding round for LNG terminal capacity
LNG Croatia, the state-owned company that is developing the country’s first liquefied natural gas (LNG) facility on the island of Krk, said it has decided to move back the second round of bidding for the use of the planned terminal’s capacity. LNG Croatia previously planned to start the second biddi
Wärtsilä’s order intake grows in first quarter
Finnish engine maker Wärtsilä reported a 7 percent increase in order intake during the first quarter of 2018, boosted by investment in energy infrastructure in emerging markets.
Polskie LNG holds terminal expansion talks approach with EPC contractors
Polskie LNG, a unit of the Polish gas transmission operator, Gaz-System completed a technical dialogue on the potential of expanding the country’s first LNG import terminal in Świnoujście.
Snam, Enagás, Fluxys’ €535 mln bid for DESFA accepted
The Snam, Enagás, Fluxys consortium awarded the tender for the acquisition of 66 percent DESFA, operator of the Greek gas grid and country’s only LNG terminal on the island of Revithoussa.
Höegh LNG Partners lifts dividend on FSRU acquisition
Höegh LNG Partners, the Bermuda-based limited partnership formed by Norway’s floating giant Höegh LNG, said it has boosted its dividend in the first quarter by 2.3 percent when compared to the previous quarter. The company declared a quarterly cash distribution of $0.44 per unit for the first quarte
BP, Reliance Industries go ahead with gas field project off India
The UK-based energy giant BP and Reliance Industries sanctioned the Satellite cluster project that will see the development of deep-water gas fields in the block KG D6, offshore India.
NSRA: Boris Vilkitsky LNG carrier breaks Northern Sea Route rules
Boris Vilkitsky, the Arc7 ice-class LNG carrier, recently violated a number of safety rules on its voyage to the port of Sabetta, Russian Northern Sea Route Administration (NSRA) said.