Clean Fuel
Report: GAIL signs LNG swap deal with Gunvor
India’s gas utility GAIL has reportedly signed a time-swap deal with Swiss trading giant Gunvor that includes its U.S. LNG volumes.
Engie narrows loss, takes $4bn impairment hit
French utility and LNG player Engie remained in the red last year as it booked a hefty write-down due to low power prices and higher nuclear provisions in Belgium. Engie said Thursday it had booked 3.8 billion euros ($4 billion) worth of impairments in 2016. The impairments included 1.9 billion euro
Wood Group completes Leviathan FEED
Aberdeen-based LNG engineer Wood Group completed the front-end engineering design (FEED) for Noble Energy’s Leviathan field development project in the Eastern Mediterranean Sea.
DSME nets ME-GI LNG duo order
Daewoo Shipbuilding and Marine Engineering (DSME) of South Korea booked an order for two LNG carriers with an option for two additional vessels in the future.
Damen unveils new small-scale LNG ship designs
Dutch shipbuilding giant Damen on Thursday revealed a range of liquefied gas carriers designs as a response to the changes in the LNG bunkering market in the recent years. More and more shipowners are turning to liquefied natural gas (LNG) as fuel due to tighter emission controls and operational ben
Eni plans to boost LNG portfolio
Italy’s Eni intends to turn its gas and power business into the company’s global gas and LNG marketing arm.
Höegh LNG Partners Q4 profit jumps
Höegh LNG Partners, the Bermuda-based limited partnership formed by Norway’s Höegh LNG, reported a rise in its net income for the fourth quarter of 2016.
Eni posts Q4 profit
Italian oil and gas company Eni on Wednesday reported a fourth-quarter profit as oil and gas prices rose. Eni reported an adjusted net profit of 459 million euros ($484 million) for the fourth quarter as compared to an adjusted net loss of 301 million euros in the same period a year ago. This is the
IHC to build world’s largest LNG-powered cutter suction dredger for DEME
Dutch shipbuilder and maritime equipment supplier, Royal IHC was contracted to design, build and deliver a 44,180 kW LNG-powered cutter suction dredger, for DEME.
Ireland looks to LNG, France supply line in ‘post-Brexit era’ – minister
By Alissa de Carbonnel BRUSSELS (Reuters) – Plans to ease Ireland’s near total dependence on energy imports via Britain have shot to the top of the agenda, the nation’s energy minister said on Monday, as it grapples with the risk of how Brexit could alter ties with its key partner. Two projects long
BP geared up for growth, CEO says
The UK-based energy giant and LNG player, BP said the company expects to see the growth of its major operating segments over the next five years.
Golar LNG shrinks loss in Q4
Bermuda-based Golar LNG on Tuesday reported a reduced net loss in the fourth quarter as the LNG shipping market continued to improve. The LNG shipping company posted a net loss of $13.7 million as compared to $67.6 million the year before and $23.9 million in the previous quarter. However, “the obse
Chile’s 3rd LNG import terminal likely to be delayed
The Penco-Lirquén LNG import terminal and the accompanying onshore gas-fired power plant in Chile will likely be delayed due to issues with the project’s environmental approval, Sveinung Støhle, head of Höegh LNG said on Tuesday. The Norwegian LNG company is providing a floating storage and regasifi
Hoegh LNG eyes Australian FSRU project
Norway’s Höegh LNG is looking at the possibility to provide a floating regasification unit (FSRU) to an LNG import development in Australia, according to Chief Executive Sveinung Støhle. During the company’s fourth-quarter results conference call, Støhle said that “we are in the initial stages on th