zoomImage courtesy of Santos Australian LNG player Santos received a new, revised takeover bid by the US-based Harbour Energy upping its offer to a total of US$10.8 billion. The EIG Global Energy Partners-backed investment firm upped its bid for Santos shares to US$5.21 per share. However, the proposal is conditional
Image courtesy of GasLog GasLog’s newest liquefied natural gas (LNG) carrier named GasLog Gladstone has been launched at the Samsung Heavy Industries shipyard in South Korea. The 174,000-cbm LNG tanker is scheduled to be delivered to its owner in the first quarter of 2019, according to GasLog. Monaco-based GasLog signed
Image courtesy of Hoegh LNG Souki: U.S. players need new model to secure $100 bln LNG investment The United States liquefied natural gas market players will have to find a new model enabling them to finance the transition into a true commodity market, as long-term contracts won’t be needed in
zoomImage courtesy of Qatargas Burckhardt Compression has been contracted to revamp the MSO compressor onboard the FSRU Golar Freeze as the vessel is readied for a new charter deal in Jamaica. The Laby-GI Compressor by Burckhardt has been deployed on the vessel for a 10-year period, and was the first
zoomImage courtesy of Novatek Russia’s largest independent natural gas producer, and Yamal LNG project operator, Novatek created a transportation unit called Maritime Arctic Transport. The company created the transport company with the aim to manage and optimize transportation costs, build up the unique competencies of Arctic navigation and ensure centralized
Ophir Energy interim CEO Alan Booth (Image courtesy of Ophir) London-based Ophir Energy’s chief executive officer and executive director, Nick Cooper, has stepped down from his position with immediate effect. Cooper will remain an employee of the company at this time and will be leaving after a short handover period, Ophir Energy
zoomImage courtesy of CNPC PetroChina has cut supplies to some of the industrial users in the northern and western regions of China as it looks to avoid gas shortages it struggled with the past winter. Citing sources, Reuters reports the company’s decision came only two months after the last winter crunch
Image courtesy of Kosan Crisplant KC LNG, the liquefied natural gas division of Kosan Crisplant, has unveiled its Y-piece for LNG marine bunkering, enabling bunkering an LNG ship from two trucks simultaneously. The solution allowing the attachment of two tank trailers simultaneously, doubling the capacity of the truck-to-ship bunkering operation.
zoomImage courtesy of MAN Diesel & Turbo SEA\LNG, a coalition promoting the use of liquefied natural gas as a marine fuel, has been joined by the German provider of large-bore diesel and gas engines and turbomachinery MAN Diesel & Turbo. MAN’s technical expertise will augment those of existing SEA\LNG member OEMs
Image courtesy of Cheniere Liquefied natural gas (LNG) exports from the United States increased during the week ended May 17, the Energy Information Administration said in its weekly natural gas report. Seven LNG vessels, with a total carrying capacity of 25.8 Bcf departed the two exporting facilities in the United