zoomSajir (Image courtesy of Hapag-Lloyd) German-based liner shipping company Hapag-Lloyd will become the first company in the world to convert one of its large containerships to LNG power. Hapag-Lloyd said that it would retrofit its 15,000 TEU ship Sajir to operate using liquified natural gas. After the retrofit is completed,
zoomImage courtesy of Wood UK-based service provider Wood and US contractor KBR have jointly bagged the deal to deliver integrated front-end engineering design (FEED) for Shell Australia’s Crux project offshore Western Australia. The pair has been contracted to deliver FEED for the not normally manned (NNM) platform and gas export
zoomImage courtesy of Equinor Norwegian energy giant and LNG operator Equinor on Wednesday reported a spike in net income in 2018. The company said in its report on Wednesday the full-year 2018 net profit jumped 64 percent hitting $7.5 billion, compared to $4.6 billion in 2017. Net profit for the fourth
Image courtesy of GTT/Roland Mouron French LNG containment specialist GTT has received an order from Samsung Heavy Industries (SHI) for a tank design on a new 174,000-cubic meter LNG carrier. GTT said on Tuesday that the order from Samsung Heavy was made on behalf of a European shipowner. According to
zoomSource: Titan LNG Belgium-based Fluxys and service supplier of liquefied natural gas Titan LNG have teamed up to build the FlexFueler 002, an LNG bunkering pontoon in the Antwerp port. Titan LNG said on Tuesday that the pontoon would be commissioned by mid-2020 and make liquefied natural gas more widely
Image courtesy of BP UK-based energy giant and LNG player BP saw its full-year 2018 profit more than double on the back of rising production. Underlying replacement cost profit, the company’s version of net profit, for 2018 reached $12.7 billion, which compares to $6.1 billion in 2017. BP noted in
Image courtesy of Qatar Petroleum LNG giant Qatar Petroleum and US energy juggernaut ExxonMobil have taken the final investment decision for developing the $10 billion Golden Pass LNG export project, which is located in Sabine Pass, Texas. The final investment decision will pave the way for the construction of the
zoomImage courtesy of ICE Intercontinental Exchange, the operator of global exchanges and clearing houses and provider of data and listings services, reported record trading in TTF Natural Gas and JKM LNG (Platts) contracts. On January 30, 2019, TTF futures hit an open interest (OI) record of 1.04m lots. TTF futures
Image courtesy of Elengy French LNG operator Elengy, a unit of the energy giant Engie, reported record activities at its liquefied natural gas terminals during 2018. The company said on Tuesday that 215 vessels berthed at its facilities, with 106 TWh of natural gas delivered to the transmission network, a 13
Image courtesy of McDermott McDermott International said it has signed a contract with Woodside Energy to undertake a front-end engineering and design activities for a floating production unit (FPU) for the Scarborough field gas development in Western Australia. Upon completion, the contract includes the option to progress to an engineering,