South Korea’s Daewoo Shipbuilding & Marine Engineering has won an order to build liquefied natural gas barges for Russian LNG producer Novatek. Under the deal, Daweoo will build two 360,000-cbm LNG barges for about 901.3 billion won ($748.2 million) with an option for two additional units. The float
ABB has signed a contract to support icebreaking LNG carrier Christophe de Margerie during its transit of the Northern Sea Route.
Italian energy giant Eni has announced a major overhaul of its business as it steps up efforts toward energy transition. The company will create two business units with one focused on oil and gas called “Natural Resources” and the second new unit which will focus mainly on renewable energy named “En
Greece-based Dynagas LNG Partners, a partnership formed by shipowner Dynagas, reported a rise in its first-quarter profit boosted by higher voyage revenues. Net income for the three months ended March 31 increased to $7 million as compared to $1.9 million in the same period in 2019. Dynagas LNG attr
Poland’s dominant gas firm and LNG importer PGNiG reported a 29 per cent lower net profit in the first quarter, hit by impairments. Quarterly net profit stood at 779 million Zlotys ($196m) when compared to 1.1 billion Zlotys in the January-March period last year. Revenue also declined 4 per cent yea
The Nordic energy company Gasum completed a liquefied natural gas (LNG) bunkering for Heerema’s Sleipnir, in Åmøyfjorden, Norway.
Renewi, Nordsol and Shell have formed a partnership to jointly produce bio-LNG.
Geneva-headquartered commodities trading house Gunvor reported a rise in trading volumes for the year 2019.
France’s Dunkirk liquefied natural gas import terminal is now offering truck loading services following the start of operations at its newly built loading bay. The LNG truck loading bay entered into service on June 1 and offers a loading capacity of 3,000 slots per year. Dunkerque LNG, which operate
The global liquefied natural gas (LNG) industry is about to face its first seasonal demand contraction since 2012.
The London Stock Exchange-listed InfraStrata, a company focused on the development of natural gas storage capacity, has pulled the trigger for the acquisition of Meridian Holdings.
Dutch marine contractor Van Oord has signed its first green loan that will be used to fund its new liquefied natural gas-powered dredgers. The company said in a statement it signed the loan with Dutch Rabobank and France’s BNP Paribas last month. Van Oord structured the loan according to green loan
Finland’s WE Tech Solutions has won a contract to supply equipment to eighth liquefied natural gas carriers that will go on charter to LNG giant Shell. WE Tech says it will start supplying its equipment in February 2021. The delivery package includes two sets of direct drive permanent magnet shaft g
Iona, a new LNG-powered cruise ship being built for British P&O Cruises, is now a step closer to its delivery as the newbuild is scheduled to arrive in Rotterdam for inspection work in early June.
