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Awilco LNG amends financial agreements for its tanker pair

23 Nov No Comments gregsamuel_e5x9azx4 LNG World News

Norwegian LNG transportation provider Awilco LNG has agreed to an amendment to the financial covenants in the sale/leaseback facilities for the WilForce and the WilPride. Courtesy of Awilco LNG Under the agreement with CCB Financial Leasing the required minimum consolidated cash and cash equivalents financial covenant of $10.0 million has

New paper highlights BioLNG’s decarbonization potential

23 Nov No Comments gregsamuel_e5x9azx4 LNG World News

BioLNG has been touted as the fuel that will enable the decarbonization of maritime and road transport. Illustration only (Courtesy of Port of Rotterdam) A joint paper issued by the European Biogas Association (EBA), Gas Infrastructure Europe (GIE), the Natural & Bio Gas Vehicle Association (NGVA Europe), and SEA-LNG, demonstrates the benefits of

Construction starts on first Dutch bio-LNG installation

23 Nov No Comments gregsamuel_e5x9azx4 LNG World News

The construction of the first Dutch bio-LNG installation kicked off in Amsterdam Westpoort. Courtesy of Nordsol The project is being developed by Renewi, Nordsol and Shell. In its statement, the Bunnik-based Nordsol said the new bio-LNG installation is an extension for the current processing of, among other things, outdated products

Japan posts LNG imports drop in October

23 Nov No Comments gregsamuel_e5x9azx4 LNG World News

Imports of liquefied natural gas (LNG) into Japan dropped during the month of October. Courtesy of Tepco Provisional data released by Japan’s Ministry of Finance shows that Japan imported a total of 5.94 million tons of LNG in October 2020. This is a 5.6 per cent slip compared to the

Ocean Infinity expanding its Armada robotic vessels fleet

23 Nov No Comments gregsamuel_e5x9azx4 LNG World News

Ocean Infinity has signed a contract for eight 78-metre, optionally crewed robotic vessels as part of the next phase of its ‘Armada‘ fleet. According to the company, these fuel-efficient, onshore-controlled vessels will initially only utilise a skeleton crew onboard. In due course they will work with no personnel offshore whilst

Zvezda cuts steal for lead Arctic LNG 2 tanker

20 Nov No Comments gregsamuel_e5x9azx4 LNG World News

Russian Zvezda Shipbuilding Complex said it has cut the steel for the lead vessel in the ice-class ARC7 LNG tanker series. Courtesy of Zvezda Shipbuilding Complex To remind, the vessels built by the Russian shipyard will be deployed for the Novatek-led Arctic LNG 2 project in the Russian Arctic. Zvezda

NV5 scores $8 mln LNG upgrade deal

20 Nov No Comments gregsamuel_e5x9azx4 LNG World News

The U.S. engineering and consulting solutions provider NV5 has secured an $8 million LNG upgrade deal. The company said in its statement the contract is for a Northeast Utility, without disclosing further information. The deal covers engineering, procurement, and construction (EPC) services to upgrade a liquefied natural gas (LNG) facility

Inpex extends Ichthys gig for Solstad vessel duo

20 Nov No Comments gregsamuel_e5x9azx4 LNG World News

Normand Scorpion vessel; Source: Solstad Offshore Norwegian offshore shipowner Solstad Offshore has received a contract extension from Inpex for the provision of two anchor handlers to support drilling for the Ichthys LNG development in Australia. Solstad was awarded a contract by Inpex for the provision of two anchor handling tug

Höegh LNG boasts solid project pipeline amidst Q3 loss

20 Nov No Comments gregsamuel_e5x9azx4 LNG World News

Norway’s floating storage and regasification unit (FSRU) giant Höegh LNG posted a loss for the third quarter of 2020. Courtesy of Höegh LNG The company recorded a net loss of $2.6 million, down from a $2.9 million profit in the previous quarter. Total income for the quarter reached $81.8 million,

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