Clean Fuel
Novatek granted patent for liquefaction tech
Russian LNG export player Novatek received a federal patent for its natural gas liquefaction technology called Arctic Cascade.
GasLog drops down TFDE LNG carrier for $207m
GasLog Partners said Wednesday it will buy from its parent company GasLog Ltd. the 174,000-cbm GasLog Gibraltar LNG carrier for a purchase price of $207 million. The tri-fuel diesel electric liquefied natural gas carrier built in 2016 is on a long-term time charter with a wholly owned unit of Shell
Shell eyes organic cash flow growth for transforming Downstream business
The Hague-based LNG giant, Shell, is expecting a $6-7 billion annual organic cash flow for its Downstream business by 2020 and $9-$12 billion by 2025.
BP contracts consultancy duo for Tangguh LNG expansion job
Energy consultancy Add Energy and its Indonesian counterpart Synergy Engineering have been awarded a maintenance build contract for work on BP-led Tangguh LNG expansion project.
Construction starts on VW Group chartered LNG-fueled car carriers
The Volkswagen Group, one of the world’s largest car manufacturers, said the two LNG-fueled vessels chartered from Siem Car Carriers went into production.
France’s Dunkirk LNG terminal gets 2nd Yamal cargo
France’s Dunkirk LNG import terminal, the country’s fourth regasification facility, has received its second-ever cargo from the Novatek-operated Yamal LNG export project in the Russian Arctic. According to Dunkerque LNG, the terminal operator, the 172,410-cbm ice-class LNG tanker Fedor Litke arrived
Sovcomflot posts 2017 loss
Russia’s largest shipping company Sovcomflot slipped to a loss for the year 2017, a year characterized as ‘one of the worst’ for the conventional tanker market. The company reported a net loss of $113 million for the year, compared to the $206.8 million reported in 2016. Conventional tanker freight
Gazprom, Shell talk joint LNG projects
Gazprom’s head Alexey Miller on Friday met with Shell’s boss for integrated gas Maarten Wetselaar in St. Petersburg to discuss collaboration between the two companies in the liquefied natural gas (LNG) sector. According to a Gazprom statement, the duo discussed joint efforts in the liquefied natural
Golar LNG, Golar LNG Partners make leadership position swap
Liquefied natural gas shipper, Golar LNG has made changes at the leadership positions within the company and its Nasdaq-listed partnership, Golar LNG Partners.
Eni to push €3.5 bln into exploration, aims LNG portfolio boost
Italy’s state-controlled energy giant Eni has on Friday unveiled its strategic plans for the 2018-2021 period, aiming to invest approximately €3.5 billion ($4.3 billion) in exploration.
Top news of the week March 12-17
McDermott, BHGE grab West African LNG job Engineering company McDermott International and Baker Hughes, a GE company, have been contracted by BP for its Tortue/Ahmeyim field development on the maritime border of Mauritania and Senegal that will include an FLNG facility. Cheniere to build third berth
Jumbo selects Huisman cranes for its LNG-powered HLCV
Jumbo Offshore, the heavy lift specialist, has contracted Huisman to provide the design and construction of two offshore mast cranes for their LNG-powered DP2 Heavy Lift Crane Vessel (HLCV).
Shell sheds New Zealand assets
The Hague-based LNG giant Shell, agreed to sell its shares in Shell entities in New Zealand, to OMV for $578 million.
Gasum’s LNG revenue jumps in 2017
Gasum, the Finnish energy gas company, reported a 20 percent rise in LNG revenue for the year 2017, compared to the previous year.