Malaysian energy giant Petronas, through its unit Petronas LNG, has signed the time charter party with MISC Berhad and Avenir LNG to charter a 7,500 cubic meters of liquefied natural gas bunker vessel. The collaboration positions Petronas among the first LNG bunkering service providers in the South East Asia region,
MyStar – an artist rendering; Image courtesy of Tallink Estonian shipping company Tallink Grupp has chosen a name for its new Tallinn-Helsinki route shuttle vessel, which will be built at Rauma shipyard in Finland. Tallink said on Monday that the vessel, due to be completed by the end of 2021,
Image courtesy of BP UK-based energy giant and LNG player BP reported a profit of $2.3 billion for the second quarter of 2019, dropping from $3.8 billion a year earlier. The 41 percent drop was a result of significantly lower upstream earnings, resulting from lower prices, maintenance and weather impacts,
Image courtesy of Polskie LNG Polish liquefied natural gas import facility, the President Lech Kaczyński terminal in Świnoujście, has received a new cargo over the past weekend. Polish LNG terminal operator, Polskie LNG, said via social media that the 71st cargo delivery came to the facility onboard the Q-Flex tanker
Illustration purposes only (Image courtesy of SHI) South Korean shipbuilder Samsung Heavy Industries has laid the keel for one of the Copenhagen-based Celsius Tankers’ newbuild LNG carriers. The Danish company has made its entry into the LNG shipping market with its first order for a pair of liquefied natural gas
zoomImage courtesy of ECA LNG San Diego-based energy company and LNG operator Sempra Energy has inked a memorandum of understanding (MOU) with Mitsui & Co. (Mitsui) for the development of LNG export projects. The MoU reflects the parties’ preliminary agreement for Mitsui’s participation in the Cameron LNG Phase 2 project
zoomIllustration purposes only (Image courtesy of Kosmos Energy) Dallas-based Kosmos Energy said that the Orca-1 exploration well has made a major gas discovery offshore Mauritania in the BirAllah area. The results continue the 100 percent success rate from nine wells targeting the inboard gas trend in Mauritania/Senegal, Kosmos said in
Image courtesy of Gasum Finish energy company Gasum reported a 1.4 percent rise in revenue for the third quarter of the year. Revenue figures reached €838.8 million ($930.5 million) which compares to €827.4 million in the corresponding quarter last year. Commenting on the results, Gasum’s CEO Johanna Lamminen said, the
Laffan Refinery 1; Image courtesy of Qatargas The world’s largest liquefied natural gas producer Qatargas has marked ten years of Laffan Refinery 1 operation without a lost-time incident. Qatargas said that the refinery had zero lost time injury cases since it started production in 2009. The refinery processes condensate, an
Image courtesy of Exmar Belgium’s Exmar, the Nicolas Saverys-led shipowner, tightened its losses for the third quarter of the year. According to a company statement, net loss reached $16.3 million, tightening from a $19.7 million net loss in the corresponding period last year. Exmar noted that its LNG division reported