Clean Fuel
Shell’s Q1 profit surges, LNG sales up
The Hague-based LNG giant Shell on Thursday reported a 136 percent surge in the profit for the first quarter, boosted by stronger oil and gas prices and improved refining margins. Shell’s first-quarter earnings on a current cost of supplies (CCS) basis and excluding exceptional items rose to $3.86 b
GasLog Partners completes acquisition of GasLog Greece LNG carrier
GasLog Partners completed the acquisition of the GasLog Greece LNG carrier from GasLog.
Statoil hands over Polarled gas pipeline to Gassco
Norwegian energy company and LNG player Statoil said it has transferred the operatorship of the Polarled natural gas pipeline to Gassco. The 482-kilometre pipeline between the Aasta Hansteen field in the Norwegian Sea and Nyhamna was delivered NOK 4.5 billion ($520m) below budget, according to a sta
Novatek ties with Technip, Linde and NIPIGas on future LNG projects development
Novatek of Russia signed a framework agreement on strategic cooperation with Technip, Linde and Research and Design Institute for Gas Processing (NIPIGas) on Arctic LNG 2.
TMC wins compressors supply contract for Höegh LNG’s FSRU
TMC Compressors (TMC) was selected to provide the marine compressed air system for a floating storage and regasification unit (FSRU) Hyundai Heavy Industries is currently building for Höegh LNG.
VW in talks with Exxon, Gazprom on gas-powered cars: Mueller on ORF
VIENNA (Reuters) – Volkswagen is in talks with Exxon Mobil Corp and Gazprom to back its efforts to promote cars running on natural gas, Chief Executive Matthias Mueller told Austria’s ORF radio. Europe’s biggest carmaker is working on a shift towards electric cars and fuel-saving technologies as it
Total acquires Dutch LNG supplier PitPoint
Total of France said it will acquire the Dutch LNG supplier and alternative fuel stations operator, PitPoint.
Wärtsilä’s dual-fuel engine gets EPA Tier III certificate
Finnish technology group Wärtsilä has been awarded certification of emissions compliance from the United States EPA for its 34DF dual-fuel engine family.
NIB funds Klaipedos Nafta’s LNG bunkering station
Nordic Investment Bank signed an agreement to load €20.4 million to Klaipedos Nafta for the construction of a reloading station for LNG in the port of Klaipeda.
Picture of the day: Gaslog Shanghai at Dunkirk LNG
The EDF-operated Dunkirk LNG terminal in France received a cargo of liquefied natural gas from Peru on Tuesday. The cargo to France’s fourth LNG import terminal was delivered onboard the GasLog-owned, 155,000-cbm GasLog Shanghai LNG tanker. The tanker discharged 142,841-cbm of the chilled fuel, term
Eni to deliver 180 LNG cargoes to Pakistan
The Italian energy company Eni won a 15-year contract to supply one cargo of liquefied natural gas per month to the state-owned Pakistan LNG.
BP’s Q1 profit climbs on higher prices
UK-based energy giant and LNG player, BP almost tripled its profits in the first quarter of this year as it benefited from higher oil and gas prices. Profit adjusted for one-time items and inventory changes increased to $1.51 billion from $532 million in the first quarter in 2016. BP’s first-quarter
Fortuna FLNG umbrella agreement signed
Fortuna FLNG project partners signed an umbrella agreement that establishes the full legal and fiscal framework for what is claimed to be Africa’s first deepwater FLNG project.
OLT Offshore issues second tender for FSRU capacity
OLT Offshore LNG Toscana issued a tender for the allocation regasification and storage capacity at the FSRU terminal for June and July.