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EU intends to buy more US LNG

26 Jul No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of European Commission The European Commission’s president Jean-Claude Juncker held talks with the United States president Donald Trump during a visit to the White House.  The two leaders agreed to strengthen the strategic cooperation with respect to energy, a joint statement reads. “The European Union wants to import more

GasLog Partners’ second-quarter profit drops

26 Jul No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of GasLog Partners GasLog Partners, the New York-listed spinoff of LNG shipper GasLog saw its profits impacted by dry-dockings and expiration of one vessel’s time charter deal.  According to the company’s monthly report, the IFRS net profit for the second quarter on slipped 18 percent from $29.2 million

Total’s profit soars on higher oil prices, LNG sales decline

26 Jul No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Total French energy giant and LNG player Total saw its second-quarter adjusted net profit soar on the back of increasing oil prices.  The company reported a 44 percent jump in adjusted net income for the second quarter of 2018, reaching $3.6 billion compared to $2.7 billion in

Equinor posts profit drop in second quarter

26 Jul No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Statoil Norwegian energy giant and LNG operator, Equinor posted a slight drop in its net profit for the second quarter of 2018, despite higher prices and high international production.  Equinor’s IFRS net income was at $1.2 billion, down from $1.4 billion in the corresponding quarter of 2017, with the company

Shell’s profit, LNG sales rise

26 Jul No Comments gregsamuel_e5x9azx4 LNG World News

The Hague-based LNG giant Shell reported an increase in profit for the second quarter and the first half of the year as Integrated Gas and Upstream businesses’ contributions rise.  The company’s profit for the second quarter jumped 30 percent to $4.7 billion from $3.7 billion with the first six months

TechnipFMC scores Gorgon subsea gig

26 Jul No Comments gregsamuel_e5x9azx4 LNG World News

The Gorgon LNG plant on Barrow Island (Image courtesy of Chevron) Engineering giant TechnipFMC has been awarded a subsea installation contract by Chevron’s Australian unit for the Gorgon Stage Two development. The project is located offshore Western Australia in water depths ranging from 250 to 1,340 meters. The contract covers

Total buys two gas-fired power plants in France

26 Jul No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Total Total has signed an agreement with KKR-Energas to acquire its two gas-fired combined cycle power plants (CCGT) in the North and East of France, with 825 megawatts (MW) power production capacity. Through its 73 percent stake in Direct Energie, Total also has 800 MW of capacity in

BP brings Lund, Daley on board as non-exec directors

26 Jul No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of BP UK-based major BP said that Helge Lund and Pamela Daley have joined its board as non-executive directors. Earlier in April, BP informed that Helge Lund would join the board as a non-executive director on September 1, becoming chairman on January 1, 2019, when Carl-Henric Svanberg steps down.

Yamal LNG boosts Novatek’s first half figures

25 Jul No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Novatek Russia’s largest independent natural gas producer Novatek reported a rise in its profit for the second quarter and the first six months of this year. Profit for the second quarter increased to 32 billion Russian rubles ($508.9 million) from 3.2 billion Russian rubles reported in the

Polish LNG terminal operator secures permit for increasing regas capacity

25 Jul No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Polskie LNG Polish LNG terminal operator, Polskie LNG has recently received a permit for the expansion of the regasification capacity at the country’s first and only liquefied natural gas terminal located in the Baltic Sea port of Swinoujscie. “It is a crucial step” towards expanding the terminal’s

WinGD names new head

25 Jul No Comments gregsamuel_e5x9azx4 LNG World News

Klaus Heim (Image courtesy of WinGD) Swiss company Winterthur Gas & Diesel (WinGD) has named Klaus Heim as its chief executive officer (CEO) with effect from August 6, 2018. Heim joins WinGD from OMT in Turin, Italy, where he currently holds the position of chief technical officer. He has over 25

Senators supports DoE’s small-scale LNG exports move

25 Jul No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of U.S. Department of Energy U.S. senators Marco Rubio and Bill Cassidy, backed the U.S. Department of Energy’s decision to streamline the approval of small-scale exports of LNG to foreign countries, including those in South America, Central America, and the Caribbean. The Trump Administration’s new policy is virtually identical

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