Image courtesy of Nakilat Qatar’s Nakilat, the world’s largest liquefied natural gas (LNG) shipping company, reported on Sunday an 8.5 percent rise in its nine-month profit. Nakilat said its January-September net profit was at 607 million Qatari Riyals ($166.7m) as compared to 607 million Riyals in the same period last
GasLog launches LNG newbuild at Samsung Heavy
zoomImage courtesy of GasLog Monaco-based LNG shipper GasLog said it has launched a newbuild vessel at the South Korean Samsung Heavy Industries shipyard. The vessel named GasLog Warsaw is capable of transporting 180,000 cubic meters of the chilled fuel. The vessel is scheduled for delivery in 2019, data on the shipper’s
Poland receives 42nd LNG cargo
Image courtesy of Polskie LNG Poland’s state-owned gas company PGNiG has received its 42nd cargo of liquefied natural gas (LNG) at the country’s sole import terminal in Świnoujście. The cargo was delivered on October 26, onboard Al Oraiq the Q-Flex LNG tanker, with a capacity of 210,100 cubic meters, from Qatar’s Ras Laffan
Australia: Senex to bring more gas to east coast market
zoomImage courtesy of Senex Independent Australian oil and gas company, Senex Energy, reached a final investment decision for Project Atlas and Roma North gas projects. The FID follows the financial close of the company’s $150 million debt facility, Senex said in its statement, noting the two projects will establish the company
Top news of the week October 22-27
Image courtesy of Woodside Black & Veatch and Kiewit score Annova LNG contract, make equity investment Black & Veatch Corporation and Kiewit Energy Group have been awarded the engineering, procurement and construction (EPC) contract for the planned Annova LNG export project in the US. Venture Global LNG hires Calcasieu Pass
Spain’s Zamakona delivers LNG bunkering vessel to Suardiaz
zoomImage courtesy of Zamakona Spanish shipbuilder Zamakona Yards said on Thursday it has delivered a multipurpose bunkering vessel to compatriot Suardiaz Energy Shipping. The vessel named Bunker Breeze is able to supply the entire spectrum of marine fuels from liquefied natural gas (LNG) to traditional fuels such as fuel oil and
Vitol says to deliver first US LNG cargo to UK’s South Hook terminal
Yari LNG (Image courtesy TMS Cardiff Gas) Commodity trading company Vitol said on Friday it will soon be importing a liquefied natural gas (LNG) cargo from the United States into the UK’s South Hook terminal. The 159,983-cbm Yari LNG, loaded a cargo at Cheniere’s Sabine Pass liquefaction terminal in Louisiana and
Germany’s Meyer Werft pushes back delivery of world’s 1st LNG-powered cruise ship
Image courtesy of Meyer Werft German shipyard Meyer Werft said on Thursday it has pushed back the delivery of the world’s first liquefied natural gas (LNG)-fueled cruise ship AIDAnova. The vessel is owned by Carnival Corporation’s AIDA Cruises. AIDA Cruises was previously scheduled to take over the giant LNG-fueled ship from
Eni’s profit, LNG sales rise
zoomFor illustration purposes only (Image courtesy of Eni) Italian energy giant Eni said Friday its third-quarter profit rose nearly fivefold year-on-year as oil and gas prices increased. Eni reported a net profit of 1.53 billion euros ($1.74 billion) compared with 344 million euros in the year-earlier period. Production was 1.8
Total’s Q3 profit surges, LNG sales decline
zoomFor illustration purposes only (Image courtesy of Total) French energy giant and LNG player Total saw its third-quarter adjusted net profit soar on the back of increasing oil prices and higher production. “Total’s third quarter adjusted net income increased by 48 percent from last year to $4 billion, while oil