French LNG containment specialist GTT has signed a global technical services deal with Norwegian shipowner Knutsen. Under the deal signed in June, the French company will support Knutsen with the maintenance and operation of 17 LNG carriers. GTT said in a statement on Wednesday the deal lasts until
Qatar’s Nakilat, the world’s largest LNG shipper, reported a 15.5 percent rise in first-half profit as it reduced administrative costs and purchased stakes in four vessels. The Qatari LNG shipping giant posted a net profit of 550 million riyals ($151 million) compared to 476 million riyals in 2019.
German logistics services provider Hoyer Group is expanding its liquefied natural gas (LNG) transport business footprint.
BW LPG, a unit of the Singapore gas shipping giant BW, has sold its old carrier Berge Summit to an unidentified owner for continued trading. The LPG shipper says the sale would generate about $9 million in liquidity and an expected net book gain of $4 million. BW took ownership of the 1990-built ver
The Hague-based LNG giant Shell has bought a ‘minor stake’ in GLX Digital, an Australian trading software solutions developer for global commodity markets.
US company Energy Transfer is in the process of evaluating bids for the engineering, procurement and construction contract on its proposed Lake Charles LNG export facility. Lake Charles LNG has received commercial bids from EPC companies in response to a commercial tender issued in December last yea
Australia’s power and gas retailer Origin Energy is expecting to take a $812.2 to $868.3 million hit in its full-year 2020 results.
US company NextDecade said on Monday it would ditch one train from its proposed Rio LNG export plant in Texas as part of an optimization move that includes slashing emissions. The original design for Rio Grande LNG included six trains each capable of producing 4.5 million tonnes per year. NextDecade
China’s Cosco Shipping Heavy Industry has completed repair works on a 30,000-cbm carrier, marking the second-ever LNG repair job for the yard. The vessel in question is the Cnooc-owned small-scale LNG carrier Hai Yang Shi You 301. Cosco’s Guandong shipyard welcomed the 184.7 meters long vessel last
The Nordic energy company Gasum is seeing mixed signals on the maritime market recovery.
Russian gas giant Gazprom posted a net loss in the first quarter of this year mainly due to lower prices and demand in Europe, and a weak rouble. Gazprom reported a net loss of 116.2 billion Russian roubles ($1.6 billion) in the January-March period. This compares to a profit of 535.9 billion rouble
South Korea’s Kogas and five compatriots are joining forces to set up a LNG bunkering joint venture in the country. The other Korean companies are Busan Port Corp, steel-maker Posco, refiner S-Oil, Daewoo Logistics, and shipper Hyundai Glovis. The partners signed a collaboration deal on Tuesday and
US energy company Kinder Morgan is to launch another small-scale liquefaction unit at its nearly $2 billion Elba Island LNG plant in Georgia. The company has requested an authorization from US FERC to place into service the eighth Elba Island liquefaction unit on July 13. Elba Island has already six
The Papua New Guinea-focused oil and gas producer and PNG LNG stakeholder, Oil Search flagged a $360-$400 million impairment in its interim results.
