Clean Fuel
Shell profits nosedive in Q3
Gas and oil giant Shell posted a sharp decline in third-quarter profits due to low oil prices and write-downs on projects. Shell’s third-quarter earnings, on a current cost of supplies (CCS) basis, were at $1.8 billion, down by 70 percent as compared with the same quarter in 2014. “The headline numb
Eni posts Q3 loss
Eni of Italy reported an adjusted net loss of €0.29 billion in the third quarter of 2015, excluding the Saipem sale, down by €1.42 billion year on year.
GasLog Partners’ profit soars
GasLog Partners, the Monaco-based owner and operator of liquefied natural gas carriers posted a 101 percent jump in profit for the third quarter 2015, compared to the same period last year.
Gazprom inks gas MoU with Srbijagas
Russia’s gas giant Gazprom and state-owned Srbijagas signed a memorandum of understanding on Wednesday.
Gibraltar firms up LNG deal with Shell
The Government of Gibraltar said it has signed a heads of agreement with Shell for the storage and supply of LNG to fuel the new North Mole power station.
Engie strikes 5-year LNG SPA with Cheniere
Engie said it has executed a 5-year sales and purchase agreement with Cheniere for the purchase up to 12 cargoes of LNG per year.
Construction of FSP LNG tank to begin early 2016
Honghua Group revealed that the joint venture FSP LNG could start constructing the first flat panel semi-membrane prismatic type B tank early next year.
Novatek sinks to loss on ruble depreciation
Novatek, the operator of the Yamal LNG project reported a loss of RUB 12,416 million in the three months ended 30 September 2015.
Adriatic LNG issues single cargo tender
Adriatic LNG, the company that operates the regasification terminal located off the Veneto coastline, in the northern Adriatic Sea, launched a tender for next winter’s peak shaving service.
LR completes LNG carrier project with Hanjin Heavy
Lloyd’s Register has completed a joint project with Hanjin Heavy Industries & Construction to develop a 30,000 cbm LNG carrier design with bilobe type C tanks.
Bureau Veritas reveals LNG preparedness notation
Bureau Veritas has published requirements for ships which are designed and fitted out for dual-fuel or LNG fuel propulsion but which are not initially intended to use gas as a fuel.
Eni sells stake in Saipem
Eni will sell a 12.5 percent stake in Saipem or 55,176,364 ordinary shares plus one share of the company share capital to Fondo Strategico Italiano.
DNV GL issues LNG bunkering guidance
Norway-based DNV GL said it has issued an updated recommended practice on measurements and metering of LNG fuel supply.
GTT’s bunker vessel design gets second AIP
GTT’s 4,000 cbm bunkering ship concept, using Mark III Flex cargo containment system received its second approval in principal.