Clean Fuel
Top news of the week July 25-30, 2016
Picture of the day: first LNG tanker passing through expanded Panama Canal The 161,870-cbm Maran Gas Apollonia, chartered by the Hague-based LNG giant Shell, is the first LNG tanker to transit the newly expanded Panama Canal connecting the Atlantic and Pacific oceans. France: incident at Dunkirk LNG
Dynagas LNG Partners’ income rises
Dynagas LNG Partners, a partnership formed by Dynagas, on Friday posted an adjusted net income of US$18.8 million and $37.7 million, for the second quarter and first six months of 2016, respectively.
Eni posts Q2 loss
Italian oil and gas company Eni on Friday reported a second-quarter net loss, hurt by low oil and gas prices. Eni posted a net loss of 290 million euros ($322.2m) in the second quarter of this year, as compared to a net profit of 505 million euros the previous year. In the second quarter of 2016, [&
Exmar: Caribbean FLNG commissioning starts
Belgium’s Exmar said on Thursday that commissioning work has started on its Caribbean FLNG at the Wison Heavy Industry shipyard in Nantong, China. The commissioning of the Caribbean FLNG has started on 14th June with delivery expected in the third quarter of this year once the unit has been successf
GasLog Partners post higher profit in Q2
GasLog Partners, a master limited partnership formed by GasLog, on Thursday reported a US$17.4 profit on IFRS basis for the second quarter of this year, a 10 percent increase compared to the same period last year.
Drewry says 65 more LNG tanker orders needed by 2020
Shipowners will need to order an additional 65 vessels by 2020 to meet LNG shipping demand as new supplies are coming on-stream, according to the shipping consultancy Drewry. Despite the current weakness in LNG shipping rates, Drewry “maintains its bullish long-term outlook” for LNG shipping and bel
Gazprom considers small-scale LNG exports to China
Gazprom Export, the exporting arm of Russian gas giant Gazprom may build small-scale LNG plants in the country’s remote Far East for exports to the world’s largest energy consumer, China. Gazprom Export, which has already established its presence in the European small-scale LNG market and has been e
Total’s profit down, LNG sales up
French gas and oil giant Total reported on Thursday a drop of 30% in its adjusted net income in the second quarter of this year. Total’s adjusted net profit stood at $2.2 billion, as compared to $3.1 billion in the same quarter a year before, Total said in a statement. “Although still volatile, the
Lake Charles LNG FID delayed
Lake Charles LNG project in Louisiana in which Shell has a 100 percent capacity interest has been delayed, the LNG giant informed in its recent financial report.
Saipem wins Tangguh LNG expansion contracts
Italian oil and gas contractor, Saipem was awarded two contracts for onshore and offshore work in Indonesia on the Tangguh LNG expansion project in Indonesia.
Shell Q2 profit nosedives
Hague-based LNG giant Shell posted on Thursday its second-quarter results revealing a sharp decline in its net income on low oil, gas and LNG prices. Shell’s second quarter earnings on a current cost of supplies (CCS) basis plunged 93 percent to just $239 million. The company’s adjusted earnings, ex
Technip’s revenue dips in Q2
Paris-based LNG engineer Technip on Thursday posted a 9.2 percent lower second-quarter revenue due to the oil and gas industry downturn.
Connect LNG selects Indonesian and Australian representatives
Connect LNG headquartered in Oslo on Thursday said it has selected two representatives in Jakarta and Melbourne to cover the market in the two regions.
Statoil’s Q2 profit dips
Norwegian energy giant and LNG operator Statoil posted a near 70 percent drop in its adjusted operating profit in the second quarter due to low oil and gas prices. Statoil’s adjusted operating profit stood at $913 million in the second quarter as compared to $2.9 billion a year ago. Net operating in