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Flex LNG names new CFO

1 Nov No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Flex LNG Flex LNG, an emerging player in the LNG shipping business, appointed Harald Gurvin as a chief financial officer of Flex LNG Management, the main management company of the Flex LNG group. Gurvin is expected to join Flex LNG in January 2019, the company controlled by billionaire John Fredriksen

Shell’s Q3 LNG sales rise

1 Nov No Comments gregsamuel_e5x9azx4 LNG World News

The Hague-based LNG giant Shell on Thursday reported a 2 percent increase in its liquefied natural gas sales in the third quarter. Shell sold 17.27 million tonnes of the chilled fuel in the third quarter as compared to 16.97 million tonnes in the same quarter in 2017. In the January-September period,

Malaysia’s Petronas completes 1st Pengerang LNG bunkering operation

1 Nov No Comments gregsamuel_e5x9azx4 LNG World News

Kairos at Pengerang regasification terminal (Image courtesy of Petronas) Malaysian energy giant Petronas said on Thursday it has completed its first liquefied natural gas (LNG) supply operation at its Pengerang regasification terminal in Johor. Petronas LNG, a unit of Petronas, supplied the cargo to Babcock Schulte’s 7,500 cubic meter LNG bunkering vessel Kairos.

Australia awards seven offshore exploration permits

1 Nov No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Australia’s Department of Industry, Innovation and Science Australia’s Coalition Government completed the 2017 Offshore Petroleum Exploration Acreage Release with the award of seven permits. The seven awards could see more than $530 million invested over the next six years, a statement by the Northern Australia’s minister for

BP completes $10.5 billion BHP U.S. onshore assets buy

1 Nov No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of BP UK-based energy giant and LNG player BP has completed the $10.5 billion acquisition of BHP’s U.S. unconventional assets in a deal that will boost BP’s U.S. onshore oil and gas portfolio. The acquisition adds oil and gas production of 190,000 barrels of oil equivalent per day and

LNG, LPG boost Panama Canal tonnage to record high

1 Nov No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Panama Canal The Panama Canal closed its 2018 fiscal year with a record tonnage of 442.1 million Panama Canal tons, boosted by LNG and LPG transit.  Panama Canal said in its statement the new figures represent a 9.5 percent rise from the previous year, surpassing projections of

ABS approves MARIC LNG-powered bulk carrier design

31 Oct No Comments gregsamuel_e5x9azx4 LNG World News

zoom Classification society ABS granted approval in principle (AIP) to the Marine Design & Research Institute of China (MARIC) for a new dual fuel design for a 210,000 DWT bulk carrier. MARIC, a subsidiary company of China State Shipbuilding Corporation group, is developing a 294m Newcastlemax bulker with an LNG

Pieridae gets thumbs up for Goldboro LNG construction

31 Oct No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Pieridae Energy Canada’s Pieridae Energy has been given a green light by the Nova Scotia Utility and Review Board to build its the Goldboro LNG facility at the Goldboro Industrial Park in Guysborough County, Nova Scotia. Pieridae will now proceed to satisfy each of the associated conditions of that

European Commission approves Lithuanian LNG terminal aid

31 Oct No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Klaipedos Nafta The European Commission has approved the compensation granted by Lithuania to Litgas for supplying a mandatory quantity of liquefied natural gas to the LNG terminal in Klaipėda. In November 2013, the Commission approved under EU State aid rules an aid scheme to support the construction and

Sovcomflot’s LNG-fueled Aframax completes NSR passage

31 Oct No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Sovcomflot Lomonosov Prospect, the second in the series of Sovcomflot’s six LNG-fueled Aframax tankers completed a commercial voyage along the Northern Sea Route (NSR). The LNG-powered vessel is delivering a cargo of petroleum products from South Korea to Northern Europe. The voyage from Cape Dezhnev at Chukotka to Cape

Anadarko pinning binding LNG deals to progress Mozambique project

31 Oct No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Anadarko Woodlands-based Anadarko said it is pushing forward the Mozambique LNG project while keeping it on track for a final investment decision in the first half of 2019.  The company and its co-venturers in the project have made progress on converting the non-binding LNG offtake agreement to fully-termed

Milaha posts rise in nine-month profit

31 Oct No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Milaha Doha-based Qatar Navigation (Milaha) reported an increase in net profit for the first nine months of the year.  The company’s net profit for the first nine months reached 400 million Qatari Riyals ($109.9 million), compared to 363 million Qatari Riyals reported in the corresponding period last

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