Clean Fuel
Norwegian LNG cargo heading for Greece
Statoil’s Hammerfest LNG export facility in Norway has dispatched a cargo to Greece on Sunday, according to shipping data. The data reveals that the LNG cargo transported onboard the Stena Clear Sky carrier is heading for the Revithoussa LNG import terminal. It is expected that the 173,400 cbm LNG t
BP posts record loss of $6.5 billion
UK-based oil and gas giant BP reported on Tuesday a loss of $6.5 billion in 2015, the company’s worst annual loss in over 20 years. BP also said it expects to reduce the number of staff and contractor roles in the Upstream segment by around 4,000 during 2016 and by up to 3,000 from the […]
Belgium: Zeebrugge to re-export LNG cargo
Awilco LNG’s WilForce carrier is scheduled to arrive at Belgium’s Zeebrugge terminal from Huelva in Spain on February 7. The 156,000 cbm carrier will load a re-export cargo and depart from the Zeebrugge terminal to Dubai on February 8, port data reveals. According to the data, WilForce is expected t
Magnolia, Meridian extend tolling deal deadline
Magnolia LNG, a project company owned by Australia’s LNG Limited, said it has agreed to extend the financial close date for a tolling deal signed with Meridian LNG. The deal has been extended from June 30 to December 31, 2016, Magnolia LNG informed in a statement on Monday. Magnolia LNG signed in Ju
UK set to get another Qatari LNG cargo
The UK’s liquefied natural gas terminal located on the shores of the Milford Haven waterway is expecting another cargo from Qatar. The 217,000 cbm Al Huwaila LNG carrier is expected to dock at the South Hook jetty on February 8, port data reveals. This is the second liquefied natural gas cargo sched
Balearia confirms LNG ferry order
Spanish shipping company Baleària said it has signed a deal with Shipyard Construcciones Navales del Norte – LaNaval, for the construction of two LNG-powered ferries. This deal is a confirmation of the previously announced agreement between the two companies in September last year. According to a st
Leviathan partners ink gas deal with Edeltech
The developers of the Leviathan gas field offshore Israel signed on Sunday a deal to sell around $1.3 billion worth of gas to Edeltech. Edeltech will buy the natural gas for the purpose of operating power plants which it is due to build, together with its Turkish partner Zorlu, in Ashdod and Mishor
Rosneft and GE ink cooperation deal
Russia’s Rosneft and US-based General Electric (GE) signed a long-term cooperation program, inlcluding LNG production. The document involves construction plan of joint ventures for production of marine, oil and gas, and electrical equipment to ensure timely construction and commissioning of producti
Top news of the week January 25-30, 2016
BREAKING: Shell-BG merger approved BG Group’s shareholders on Thursday approved the multi-billion merger with Hague-based energy giant Shell, creating the world’s largest LNG company. ExxonMobil: natural gas demand to rise 50 pct Texas-based energy giant ExxonMobil said in a report on Monday that na
DNV GL approves Vard’s LNG tank
Oslo-based classification society DNV GL said Friday it has approved a liquefied natural gas tank designed by Norway’s Vard. Vard’s new LNG-type B-tank design has been granted General Approval for Ship Application (GASA), DNV GL informed in a statement. The tank is the result of a joint industry pro
Belgium to get Qatari LNG shipment
Belgium’s Zeebrugge terminal is expected to receive a cargo of liquefied natural gas from the world’s largest producer of the fuel, Qatar. Awilco LNG’s 156,000 cbm WilPride departed from the Qatari port of Ras Laffan on January 28, and is set to dock at the Fluxys-operated terminal’s jetty around Fe
BREAKING: Shell-BG merger approved
BG Group’s shareholders on Thursday approved the multi-billion merger with Hague-based energy giant Shell, creating the world’s largest LNG company. This is Shell’s biggest ever acquisition and the largest oil and gas deal since Exxon bought Mobil in 1999. According to a statement by BG, 99.53 perce
Update: Statoil says still in LNG talks with Achema
Norwegian energy giant Statoil declined reports it has signed an LNG supply deal with Lithuanian fertilizer producer Achema.
GasLog Partners posts higher revenues in Q4
GasLog Partners, the Monaco-based owner and operator of LNG carriers said Thursday its fourth quarter revenues rose 56 percent on year to $51.95 million. The LNG tanker owner informed in a statement this was the company’s “highest-ever quarterly performance for revenues, profit, EBITDA, adjusted EBI