Abu Dhabi-based National Marine Dredging Company (NMDC) said it has won a $316 million contract from Swan Energy for an LNG terminal project in Gujarat state, India. The contract involves dredging works, construction of a breakwater and jetties and associated facilities, NMDC said, adding that the w
Dana Gas, the Middle East’s largest private natural gas company on Thursday posted a flat second-quarter profit. The UAE-based firm reported a net profit of $7 million in the second quarter, the same as compared to the corresponding period year ago. Revenue was down to $96 million, as compared to $1
Despite challenging market conditions, global capital expenditure on FLNG facilities is forecast to total $41.6 billion over the 2016-2022 period, according to a report by Douglas-Westwood (DW). The protracted oil price downturn has impacted the sanctioning of capital intensive liquefaction units ov
Countries in the Middle East and North Africa (MENA) are leading global LNG demand growth in 2016, a trend that will continue as domestic gas output falls short of surging regional demand for power and industry, according to a report by the Arab Petroleum Investment Corp. (APICORP). By the end of 20
Texas-based Excelerate Energy said it is nearing its 1000th commercial Ship-to-Ship (STS) transfer of liquefied natural gas (LNG), which is set to be completed in late August. The operation will take place at one of the company’s floating storage and regasification unit (FSRU) projects in Dubai, Pak
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
South Hook liquefied natural gas terminal in the United Kingdom is set to receive the first August cargo from Qatar.
Engineering company McDermott signed a memorandum of understanding with Nakilat-Keppel Offshore Marine (N-KOM) to pursue offshore engineering, procurement, construction and installation (EPCI) projects within Qatari waters.
Fluxys-operated Zeebrugge LNG terminal is scheduled to receive a cargo of liquefied natural gas at the end of the month.
Qatar’s Nakilat, the world’s largest LNG shipper, said its net profit rose 2 percent in the first half of this year as compared to the same period a year ago. The LNG shipping giant posted a net profit of 501 million riyals (US$138m) for the first half, compared to 491 million riyals in 2015. Earnin
Three crew members from a pilot boat have been injured after a collision with the Q-Max LNG carrier Lijmiliya in the UK’s Port of Milford Haven. “The Port of Milford Haven can confirm that in the early hours of Sunday morning (10th July) an incident occurred when its pilot vessel St Davids made hard
Qatar’s Ras Laffan LNG complex recently shipped another cargo to the South Hook liquefied natural gas terminal in the United Kingdom.
Liquefied natural gas deliveries from Qatar to India and Pakistan jumped 46 percent year on year due to lower demand from East Asia and higher output.
Noble Energy signed an agreement to sell 3 percent working interest in the Tamar gas field offshore Israel, to the Harel Group in partnership with Israel Infrastructure Fund.
