Clean Fuel
Braemar Engineering names new managing director
Braemar Shipping Services Group informed that its unit Braemar Engineering appointed its executive vice president, Sheila McClain as its new managing director.
Croatia speeds up LNG terminal preparations
The Croatian government on Wednesday adopted a conclusion to expedite the process of setting up the country’s first LNG import terminal on the island of Krk.
EC approves Primagaz’s acquisition of PitPoint LNG shares
The European Commission has on Wednesday approved the acquisition of 50 percent of the shares of PitPoint LNG by the Dutch LNG distributor Primagaz.
Global gas prices to remain under pressure
Over the past two years, weakening fundamentals and much lower oil prices have resulted not only in lower gas prices but also in strong convergence across regional benchmarks, the International Energy Agency (IEA) said. In the first five months of this year, the average differential between Asian LN
IEA: market rebalancing will take longer for gas than for oil
The process of market rebalancing is likely to take longer for gas than for oil, according to the International Energy Agency (IEA). While the IEA expects global oil markets to start rebalancing in 2017, it does not foresee oversupply in traded gas markets improving meaningfully before the end of th
DNV GL wins Grain LNG technical services deal
Classification society, DNV GL, on Wednesday said it has signed a framework agreement with National Grid to provide design and engineering technical services to the Grain LNG terminal.
DNV GL to class Stena Line’s LNG-ready ferries
DNV GL said it has signed a contract to provide classification services for Stena Line’s RoPax ferries, to be constructed at AVIC Weihai Shipyard in China.
ABS joins LNG-fueled dry bulk carrier project
American Bureau of Shipping on Tuesday said it has joined forces with Arista Shipping, Deltamarin, GTT and Wärtsilä in a joint development project to develop a dry bulk carrier concept that employs LNG as fuel.
Shell sets new strategy, updates BG synergies target
Hague-based LNG giant, Shell on Monday revealed an updated strategy as the company is battling with low oil and gas prices and following the takeover of BG Group. Shell announced an increase in expected BG deal-related synergies, from the $3.5 billion set out in the prospectus, to $4.5 billion on a
Klaipedos Nafta’s May LNG terminal revenue up
Klaipedos Nafta, the operator of the first Lithuanian LNG terminal informed that sales revenues from the import facility reached €6 million during May 2016, 11.1 percent up on €5.4 million in the same month in 2015.
Peru ships cargoes to Mexico, Italy
Peru’s only natural gas liquefaction and export facility has recently dispatched its first two cargoes for the month of June.
BW Group’s CFO resigns
Singapore-based BW Group on Tuesday said the group CFO Nicholas Gleeson has resigned from his position, effective June 3, 2016.
Engie names CEO of its MESCAT business unit
French LNG player Engie, on Monday said it has named Sébastien Arbola as CEO of the Middle East, South & Central Asia and Turkey (MESCAT) business unit, effective September 2016.
Sarens performs heavy lift, load-out ops for two LNG projects
Belgian heavy lift specialist, Sarens, informed it has recently completed lifting and load-out operations for two liquefied natural gas projects.