Image courtesy of Wärtsilä Finnish engine maker Wärtsilä reported a 14 percent rise in quarterly order intake as it expects more growth opportunities in 2018, mainly in the company’s service business. Wärtsilä’s bookings of new orders in the fourth quarter rose to 1.51 billion euros ($1.87 billion). For the full-year
zoom The Asian Development Bank (ADB) said on Tuesday it has signed an agreement with the Philippine National Oil Company (PNOC) to act as transaction advisor for the Philippines’ first LNG hub project in Batangas. The transaction advisory services agreement was signed by Takeo Koike, Officer-in-Charge of ADB’s Office of Public-Private
Image courtesy of Dunkerque LNG France’s Dunkirk LNG import terminal, the country’s fourth regasification facility, has performed its first-ever reloading operation. The cargo of previously imported liquefied natural gas was loaded onboard Engie’s LNG carrier, the 153,000-cbm Provalys. The LNG carrier arrived just a day after the French facility received its
Stena Crystal Sky (Image courtesy of Stena) Liquefied natural gas (LNG) tanker Stena Crystal Sky recently rescued two American citizens from their stranded yacht off the west coast of Mexico. According to a statement by the Glasgow-based crew management company, Northern Marine Manning Services, the LNG carrier received a distress call via
Image courtesy of Gaz-System Polish gas transmission operator, Gaz-System, expects the Swinoujscie LNG terminal’s expansion to be completed by the end of 2022. The company’s development director, Pawel Jakubowski said the works on expanding the terminal’s capacity from 5 billion cubic meters to 7.5 billion cubic meters are set to start
zoomImage courtesy of Tallink Grupp Tallink Grupp’s liquefied natural gas (LNG) powered ferry Megastar has proved to be the new benchmark for the in the Baltic Sea, according to the company’s CEO Janek Stalmaister. The LNG-powered ferry has completed its first year of operation on the Tallinn-Helsinki route, carrying over
Cove Point LNG (Image courtesy of Dominion Energy) Dominion Energy said Monday it expects to start exporting liquefied natural gas from its Cove Point terminal in Maryland, the second US facility to produce LNG from shale gas, in early March. Dominion introduced feed gas to the 5.25 mtpa liquefaction facility
Image courtesy of Höegh LNG Egypt is gearing towards halting liquefied natural gas (LNG) imports by the end of 2017/2018 fiscal year which ends in June. Country’s minister of petroleum, Tarek El Molla said the rising production at newly discovered gas fields has pushed the country towards halting LNG imports
Image courtesy of AWE Limited Australian oil and gas producer AWE Limited received an unsolicited, non-binding and conditional proposal from Japan’s Mitsui & Co to acquire 100 percent of the company shares for cash consideration of $0.95 per share. AWE noted in its statement on Monday that if the proposal proceeds, it would
Image courtesy of Titan LNG Port of Amsterdam and Titan LNG signed a long-term contract for the home location of Titan’s bunkering pontoon, the FlexFueler001. The pontoon will be the first of its kind in Europe providing LNG bunkering services, Titan LNG said on Friday, adding the agreement underpins the