Clean Fuel
Japan’s Inpex to buy stake in Barents Sea licence
LNG developer and stakeholder, Inpex said Friday that it has entered into a deal to buy a 40% participating interest in exploration license PL767 located in the western Barents Sea offshore Norway. The Japanese company will buy the stake from Bayerngas Norge through its unit Inpex Norge AS. Inpex’s
Ophir revenue climbs almost 70 pct
UK-based Ophir Energy, the developer of the Fortuna FLNG project in Equatorial Guinea, on Thursday reported a 69.5 percent rise in first-half revenue, boosted by higher commodity prices. Revenue rose to 88.3 million in the January-June period from 52.1 million a year earlier. Ophir’s pretax loss fro
Elengy’s Fos Tonkin LNG terminal hits truck loading record
Elengy, a unit of the French energy company and LNG player Engie, said on Thursday that its Fos Tonkin terminal on the shores of the Mediterranean achieved a daily record in the number of truck loadings. The terminal loaded 11 trucks with the chilled fuel on September 11, Elengy said in a brief soci
Braemar to launch new LNG tank
Braemar’s technical division expects to receive approval from classification society Bureau Veritas for a new type of LNG cargo containment system soon. Following the approval, the company plans to start marketing activities for the new tank. This was revealed by Andy Bright, Director of Braemar Eng
France’s Dunkirk LNG terminal to receive Norwegian cargo
France’s Dunkirk LNG import terminal, the country’s fourth regasification facility, is to receive a rare cargo of liquefied natural gas. According to the shipping data by the port of Dunkirk, LNG tanker Arctic Lady, owned by Höegh LNG and chartered by France’s Total, is expected to arrive at the Dun
GTT’s COO Julien Burdeau leaving the company
GTT, the French maker of LNG containment systems, announced Wednesday that Julien Burdeau, chief operating officer and innovation director, was leaving the company to “enter into a new stage in his career.” A temporary organization has been set up in order to ensure the continuity of innovation acti
Ophir says Fortuna FLNG project on target for FID in Q4
London-based Ophir Energy on Thursday said it expects to make a final investment decision on its Fortuna FLNG project in Equatorial Guinea in the fourth quarter of this year. The final decision on the FLNG project has been pushed back several times. In its July trading update, Ophir and its partner,
CNPC and Eni sign LNG cooperation deal
China National Petroleum Corporation (CNPC) and Italy’s Eni on Wednesday signed a cooperation agreement that includes assessing opportunities in the gas and LNG value chain. The duo also agreed to cooperate in oil & gas exploration and production, trading and logistics opportunities, refining and pe
Finland: construction starts on Costa Cruise’s LNG ship
Finland’s Meyer Turku shipyard held a steel cutting ceremony on Wednesday for the first of two Costa Cruises ships to be powered by liquefied natural gas (LNG). The ship, named Costa Smeralda, will debut in October 2019 with a sister ship following in 2021. The vessels are a part of seven new ships
Spain’s LNG imports spike in August
Spain’s imports of liquefied natural gas (LNG) jumped in August on a yearly basis boosted by higher gas-to-power generation. LNG imports reached 19.15 terawatt hours (TWh) in August, a rise of 156 percent as compared to 7.47 TWh in the same month the year before, according to the data provided by th
ABS, GasLog finalize LNG boil-off project
The American Bureau of Shipping and Monaco-based LNG shipper GasLog have completed a joint development project demonstrating a new approach to evaluating LNG boil-off rate. “By expanding the application of computational fluid dynamics (CFD) analysis to simulate the LNG BOR in cargo tanks, owners are
Italy’s Adriatic LNG terminal receives first US cargo
Adriatic LNG terminal off the Italian Veneto coastline has received it first liquefied natural gas cargo from the US. The cargo was sourced from Cheniere’s Sabine Pass liquefaction plant in Louisiana, currently the only such facility to ship US shale gas overseas. The cargo departed from the Sabine
UK watchdog approves Wood Group-Amec Foster Wheeler merger
The UK’s competition watchdog has approved Wood Group’s 2.2 billion pounds purchase of London-based LNG engineer Amec Foster Wheeler. This follows the Competition and Markets Authority’s in principle acceptance on 15 August. The watchdog said that Wood Group’s offer to sell almost all of Amec’s Nort
South Hook books Qatari LNG cargo
The United Kingdom is due to receive another liquefied natural gas (LNG) cargo from the world’s largest producer of the fuel, Qatar. The 266,000-cbm Q-Max LNG tanker Rasheeda is expected to arrive at the UK’s South Hook LNG terminal on September 18, according to the Milford Haven Port Authority data