Clean Fuel
Hoegh LNG halts FLNG business, focuses on FSRUs
Höegh LNG on Tuesday informed it has made a decision to put all FLNG activities on hold and focus its resources and capital into the FSRU business.
Arctic Lady on course for Jebel Ali LNG terminal
The 148,000 cbm LNG tanker Arctic Lady is on its way to Dubai with a cargo loaded at Statoil’s Hammerfest facility on Melkoya island.
Merger completed, BG becomes part of Shell
Hague-based LNG giant Shell said Monday that the scheme with BG Group has become effective and the UK-based company is now owned by Shell. This follows the Court’s sanction of the scheme at a hearing held on February 11 and the delivery of the order to the registrar of companies on Monday, February
Qatari LNG cargo bound for South Hook
The UK’s South Hook LNG terminal is scheduled to receive its sixth cargo of chilled gas for the month of February.
Klaipedos Nafta awards contract for LNG reloading station
Lithuania’s Klaipedos Nafta said Friday it has awarded the engineering, procurement and construction (EPC) contract for the LNG reloading station to be built at the Port of Klaipeda. State-owned Klaipedos Nafta selected the consortium comprising of PPS Pipeline Systems and Chart Ferox as the winner
Top news of the week February 8-13, 2016
Shell says to use own cash to fund BG deal after cancelling $14.4 billion loan Hague-based LNG giant Shell said Thursday it has cancelled a US$14.4 billion bridge credit facility intended to fund its takeover of BG group. Petronas, Sabah Energy scrap Malaysian LNG project Petronas’ unit, Petronas Ga
Awilco LNG widens loss
Oslo-based LNG shipping company Awilco LNG reported full-year 2015 freight income of US$37.4 million, down from $78.5 million a year ago.
Q-Flex heading for South Hook LNG terminal
The UK’s South Hook LNG terminal is scheduled to receive another delivery of liquefied natural gas from Qatar in February. The Q-Flex LNG carrier Al Kharaitiyat, with the capacity of 216,000 cbm is sailing towards the terminal located on the shores of the Milford Haven waterway and is set to deliver
Steel cutting ceremony held for DEME’s LNG dredger
A steel cutting ceremony for DEME’s dual-fuel dredger was recently held at MTG Dolphin yard in Bulgaria. “Cutting of the first steel plate for the new project – 3,500 m3 trailing suction hopper dredger „Minerva” took place at MTG Dolphin on 4th of February,” Bulgaria’s MTG-Dolphin said on Friday. Be
Shell says to use own cash to fund BG deal after cancelling $14.4 billion loan
Hague-based LNG giant Shell said Thursday it has cancelled a US$14.4 billion bridge credit facility intended to fund its takeover of BG group. Shell entered in May 2015 into a £10,07 billion (US$ 14.4 billion) bridge credit facility agreement with a group of banks in connection with its takeover off
UK court gives green light to Shell-BG deal
The High Court of Justice in England and Wales has on Thursday approved the multi-billion merger between Shell and BG Group. The court has sanctioned the scheme of arrangement “under Part 26 of the Companies Act 2006 by which the recommended cash and share offer made by Royal Dutch Shell for the ent
BP outlook: gas will be the fastest growing fossil fuel
UK-based oil and gas giant BP expects fossil fuels to remain the dominant form of energy over the period to 2035, according to the 2016 edition of the “BP Energy Outlook”. Despite the rapid growth of other sources, fossil fuels “will remain the dominant form of energy over the period to 2035, meetin
CEO: Total’s 2015 results “the best among majors”
French gas and oil giant Total reported on Thursday a decrease of 26% and 18% in its fourth quarter and full-year 2015 adjusted net income. “Hydrocarbon prices fell sharply in 2015 with Brent decreasing by around 50%. In this context, Total generated adjusted net results of $10.5 billion, a decrease
Dunkerque LNG says first tanker to arrive in June
France’s fourth LNG import terminal located in the port of Dunkirk is scheduled to receive its first cargo of the chilled fuel in June this year, according to the latest construction update. This marks another delay as the EDF-operated terminal was initially expected to receive cargoes by the end of