DSME CEO Sung Leep Jung (left) and Excelerate CEO Rob Bryngelson (right) signing the agreement in February 2017 (Image courtesy of Excelerate Energy) Daewoo Shipbuilding and Marine Engineering (DSME) has lost a potential deal to build up to seven floating storage and regasification units (FSRUs) for US-based Excelerate Energy. The two
zoomImage courtesy of Kosmos Energy A final investment decision (FID) for the Tortue development offshore Mauritania and Senegal, which includes a floating LNG production unit, is still expected by the end of this year, according to project partner Kosmos Energy. “FID of the first 2.5 million ton phase is expected around
zoomImage courtesy of Transborders Energy The Australian government has granted a major project status to Transborders Energy’s small-scale floating LNG project to be deployed in the offshore gas regions of the Australian coast. The A$1.6 billion offshore gas project, being developed by the Perth-based Transborders Energy, will deploy a small-scale FLNG
Yamal LNG (Image courtesy of Novatek) The Novatek-operated Yamal liquefied natural gas (LNG) export plant in the Russian Arctic has shipped two million tonnes of the chilled fuel since it started operations in December last year. Yamal LNG said in a statement on Monday the second millionth ton was loaded and
Image courtesy of Sempra Energy San Diego-based energy company and LNG operator Sempra Energy reported a slide in its first-quarter earnings due to higher financing costs at the parent company. The first-quarter earnings were at $347 million compared to $441 million in the corresponding period last year. The company’s revenues
zoomHambantota Port (Image courtesy of Sri Lanka ports Authority) Sri Lanka’s Board of Investment approved a $500 million investment in a liquefied natural gas (LNG) plant to be developed in Hambantota by China Machinery Energy Corporation. A total of $1 billion worth of projects was approved by the Sri Lanka
Image courtesy of Oil Search Papua New Guinea LNG export facility, operated by the US energy giant ExxonMobil, is reportedly offering two cargoes loading in May and June. Citing industry sources, Reuters reports the two LNG cargoes are being offered on a delivered ex-ship (DES) basis, at the end of
Image courtesy of Chevron Chevron to shut 2nd Gorgon LNG train in May US-based energy major Chevron plans to close in May the second production train at its giant Gorgon liquefied natural gas (LNG) plant on Barrow Island in Western Australia. Fluor-JGC joint venture wins LNG Canada EPC job Fluor Corporation
zoomImage courtesy of GasLog Monaco-based LNG shipper GasLog’s profit in the first quarter more than doubled during the first quarter of 2018 compared to the first quarter of 2017. Profit attributable to the owners of GasLog was $19.3 million for the quarter ended March 31, 2018, compared to $8.8 million in the corresponding