Image courtesy of H-Energy India’s H-Energy, a unit of real estate group Hiranandani, inaugurated its FSRU-based LNG terminal at Jaigarh Port in Maharashtra. The FSRU GDF Suez Cape Ann, chartered for the project, arrived at the location over the weekend. The terminal, with a 4 mtpa LNG handling capacity is scheduled to begin commercial operation
Rising production, oil prices boost BP’s profit
zoomImage courtesy of BP UK-based energy giant and LNG player BP reported a sharp increase in profit during the first quarter as oil and gas production climbed. BP’s underlying replacement cost profit, the company’s version of net profit, for the first quarter of 2018 was $2.6 billion, compared with $1.5 billion
Anadarko’s Mozambique LNG project meets near-term marketing objective
zoomImage courtesy of Anadarko Woodlands-based Anadarko said the Mozambique LNG project moved forward in the first quarter of 2018, meeting its near-term marketing objective. In its first-quarter report, the company reminded that it in March, the Mozambique government approved the Anadarko-operated Area 1 Golfinho/Atum plan of development defining the integrated
Total, Siemens mulling LNG-to-power project in Cuba
zoomIllustration purposes only (Image courtesy of Siemens) A consortium comprising France’s Total and the German conglomerate Siemens are reportedly first in line to sign a deal for the construction of a 600-megawatt gas-fired power plant in Cuba. Citing diplomats, Reuters reports the consortium has been mulling over the contract since
Rolls-Royce to equip Hurtigruten ferries with hybrid LNG engines
zoomImage courtesy of Hurtigruten Norwegian expedition cruise operator Hurtigruten has signed a letter of intent with Rolls-Royce for a major upgrade programme to hybrid LNG power. The main engines on up to nine cruise ships will switch from diesel to gas power and the upgrade will also include installation of
LNG Sakura transits Panama Canal
ExxonMobil’s first quarter profit, revenue up
Image courtesy of ExxonMobil ExxonMobil reported a $4.7 billion income for the first quarter of 2018, 16 percent above the $4 billion recorded in the corresponding period a year earlier. The company’s revenue also moved up 16.3 percent reaching $68.2 billion, compared to the corresponding quarter in 2017. Oil-equivalent production
Malaysia’s MISC takes delivery of fifth Moss LNG carrier
Eni’s profit edges down as LNG sales soar
zoomImage courtesy of Eni Italian energy giant Eni has reported a net profit of €946 million ($1.15 billion) in the first quarter, 2 percent below the €965 million recorded in the corresponding quarter in 2017. The drop was contributed to the divestment of a 10 percent interest in the Zohr gas field
Top news of the week April 23-28
Pacific Breeze delivering Ichthys cooldown LNG cargo (Image courtesy of the Port of Darwin) Fluor-JGC joint venture wins LNG Canada EPC job Fluor Corporation and JGC joint venture has been selected as the engineering, procurement and construction contractor for LNG Canada’s proposed export facility in Kitimat, British Columbia. Photo: Ichthys