Clean Fuel
Minister Penning tours South Hook LNG terminal
The Minister of State with responsibility for the Health and Safety Executive (HSE), Mike Penning MP was joined by Preseli Pembrokeshire MP and Under Secretary of State for Wales, Stephen Crabb during a recent visit to the South Hook LNG terminal. The Minister viewed the terminal, given its status a
Picture of the day: Dragon LNG terminal
Dragon LNG’s import, storage and regasification terminal is situated on the shores of the Milford Haven Waterway in Pembrokeshire, South West Wales. The LNG terminal imports and supplies 6 billion cubic metres of gas per annum to the UK’s National Transmission System, as and when required, to meet p
GTT revenue up 20 pct
GTT announced its first half financial results for 2014 boosting a revenues growth of 20% and a net income increase of 18%. Philippe Berterottiere, Chairman and Chief Executive Officer of GTT, commented: “GTT reported an excellent first half 2014 with a strong order intake, which offers an extended
Gas Natural Fenosa net profit up 19.5 pct
Gas Natural Fenosa achieved a net profit of €932 million during the first six months of 2014, up 19.5% on the same period from the previous year. These profit figures include the capital gains on the sale of GNF Telecomunicaciones early in the month of June, which came to €252 million. Once adjustme
Nine more DSME LNGCs to get GTT technology
GTT of France received the order of nine LNGCs which will be built by the Korean shipbuilder DSME. Six new ships will be owned jointly by TEEKAY & CLNG and the three others will be owned jointly by MOL & CSLNG. These large vessels are expected to be delivered between 2017 and 2019. They will [&helli
BMS focusing on LNG technology at SMM
Efficiency and sustainability will be among the top issues at SMM 2014 in Hamburg, and one of the company presenting their products such as the Becker Mewis Duct®, Becker Twisted Fin® and the new LNG Hybrid Barge, will be Becker Marine Systems. From September 9,h to 12,h 2014 at the SMM, Becker Mari
Statoil reports solid Q2 results
Statoil’s second quarter 2014 net operating income was NOK 32.0 billion, a decrease of NOK 2.3 billion compared to the second quarter of 2013. Adjusted earnings were NOK 32.3 billion. “Statoil delivered solid operational performance in the quarter, with continued high production regularity on the No
Turkey approves South Stream EIA
The Ministry of Environment and Urban Planning of Turkey approved the Environmental Impact Assessment (EIA) report and issued a positive opinion of the EIA results for South Stream’s offshore section in Turkey. The report contains the assessment of potential environmental impacts caused by the gas p
Poland expects first LNG carrier early 2015
Poland’s first LNG terminal at Swinoujscie will receive its first LNG cargo at the turn of the first and second quarters next year. “The construction is to be finished at the turn of 2014 and 2015,” Wlodzimierz Karpinski, Poland’s treasury minister, told public radio, reports Reuters. Soon after the
Fos Cavaou LNG terminal upgrades loading service
Elengy’s unit Fosmax LNG, which owns the Fos Cavaou LNG terminal, said it can now offer its customers a reloading service of 1,250 m3/h for ships of up to 200,000 m3. In preparation for this service, from June 20 until 10 July the terminal had its first-ever full installation shutdown to allow the w
Wartsila divests QMD 2-stroke JV shares
Wärtsilä plans to divest its shares in the Qingdao Qiyao Wärtsilä MHI Linshan Marine Diesel Co. Ltd (QMD), the joint venture company established for manufacturing large low-speed marine diesel engines. Wärtsilä’s shares in the joint venture will be transferred to the current majority shareholder, Qi
BIMCO: sub-committee discusses LNG boil-off responsibilities
BIMCO’s sub-committee tasked with the development of a new standard voyage charter party for the transportation of LNG met for the third time on 15 July in London to discuss the allocation of responsibilities in respect of heel and boil-off of cargo. While the normal practice under an LNG time chart
Gazprom wants Kazakh gas supply contract extension
Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Uzakbai Karabalin, Minister of Oil and Gas of the Republic of Kazakhstan met in Astana on Wednesday where they discussed cooperation in the gas sector. “The parties discussed further cooperation in the gas sector and, in par
LR to inspect LNG storage tank projects in India
Lloyd’s Register Energy has been named as the preferred supplier for both third-party inspection and vendor site inspection by engineering, procurement and construction firm IHI Corporation for two new LNG tank projects in western India. The nomination of Lloyds Register Energy comes after IHI won t