Image courtesy of Shell Shell’s Norwegian unit, Norske Shell, sold its interest in the Draugen and Gjøa fields in Norway to Okea for 4.52 billion NOK ($526 million). With the deal completion, Shell exits its 44.56 percent operated interest in the Draugen field and 12 percent non-operated interest in the Gjøa field,
Image courtesy of Anadarko US independent Anadarko Petroleum said that the Mozambique LNG engineering, procurement, construction and installation (EPCI) of the offshore subsea system contract was awarded to TechnipFMC and VanOord. Anadarko and its partners have discovered more than 75 Tcf of natural gas resources in the Prosperidade and Golfinho/Atum complexes
Image courtesy of Höegh LNG Höegh LNG Partners, the Bermuda-based limited partnership formed by Norway’s floating giant Höegh LNG, reported a jump in net profit for the quarter ended September 30, 2018. The partnership reported net income of $19.9 million in the third quarter, an increase of $14.5 million from
zoomImage courtesy of Vitol Commodity trading company Vitol signed a binding heads of agreement with the Malaysian energy giant Petronas for a long-term LNG sale and purchase deal. Under the terms of the agreement the LNG supply to Vitol commencing in 2024 will be approximately up to 0.8 million tonnes per annum for a period
Sengkang LNG plant (Image courtesy of EWC) Energy World Corporation, the company developing LNG projects in Indonesia and the Philippines, has secured production sharing contract extension for the Sengkang gas field. Indonesia’s energy regulator SKK Migas has granted a 20-year extension to the Sengkang gas field PSC to EWC’s unit Energy Equity
zoomImage source: Pixabay under CCO Creative Commons license. Paris-based Powernext, the EEX Group gas activities manager, is set to introduce financially-settled LNG contracts on its trading platform PEGAS. In its statement, Powernext added this will expand its European offering for spot and futures gas trading with a globally traded commodity. The new LNG
zoomImage courtesy of Höegh LNG Norway’s floating storage and regasification unit (FSRU) giant Höegh LNG’s profit for the third quarter of the year rising significantly from the figures reported last year. The company reported a net profit for the quarter of $6 million, jumping up from $1.1 million in the third
Illustration purposes only (Image courtesy of Rosneft) Russia’s Rosneft signed a deal with Beijing Gas Group to set up a joint venture focusing on developing and operating a network of CNG stations in Russia and consider LNG as fuel. Under the agreement, Beijing Gas will have a 45 percent in the joint
Image courtesy of Smit Lamnalco Dutch towage company Smit Lamnalco secured a new exclusive license by Gladstone Ports Corporation (GPC) to provide towage services in the port of Gladstone. The license will commence on 1 January 2019 for a five-year term, with an option to extend for a further three
Image courtesy of GasLog Monaco-based LNG shipper GasLog pounced on the positive outlook in the LNG shipping market authorizing a special dividend payment as well as a share repurchase program. The company approved a dividend in the amount of $0.40 per share to its shareholders and authorized a share repurchase program of