zoomImage courtesy of Qatar Petroleum LNG giant Qatar Petroleum launched its localization program for services and industries in the energy sector aiming to localize the sector’s supply chain. The program is Qatar Petroleum effort towards optimizing Qatar’s natural resources, higher efficiency and returns, and growth and expansion. Speaking of the
Illustration purposes only (Image courtesy of Containerships) Finnish shipping company Containerships, part of French CMA CGM group, said its earnings before interest, taxes, depreciation and amortization (EBITDA) estimates have been cut. The earlier guidance was set above the 2017 figure, the company said, adding that under the updated guidance EBITDA is
zoomImage courtesy of Nakilat Qatar’s Nakilat on Monday said it has signed an agreement with McDermott to form a joint venture (JV) company providing offshore and onshore fabrication services in the country. The strategic partnership aims at increasing productivity levels at Nakilat’s Erhama Bin Jaber Al Jalahma Shipyard and developing
Image courtesy of Indian Oil LNG India’s biggest refiner, Indian Oil Corp, has reportedly purchased the commissioning cargo for its Ennore liquefied natural gas terminal at the Kamarajar port in south India. Sources told Reuters the partial cargo purchased from the Swiss commodity trader Gunvor is set for delivery on February 26 as
Image courtesy of LNT Marine American Bureau of Shipping (ABS) granted approval in principle to LNT Marine for its new liquefied natural gas fuel tank design. LNT Marine, a company created by the merger between LNG New Technologies and MGI Thermo, received the approval in principle for the prismatic semi-pressurized (2 bar
Excelerate’s FSRU Exemplar and Equinor’s LNG carrier Arctic Voyager (Image courtesy of Excelerate) Texas-based Excelerate Energy and the Norwegian energy giant Equinor completed the first ever ship-to-ship (STS) transfer of liquefied natural gas (LNG) in the Bahamas. Utilizing Excelerate’s floating storage regasification unit (FSRU) Exemplar and Equinor’s LNG carrier Arctic Voyager, a full LNG cargo
Q-Max LNG carrier Umm Slal (Image courtesy of Nakilat) Qatar’s Nakilat, the world’s largest liquefied natural gas (LNG) shipping company, reported a 5.3 percent rise in its net profit for the year 2018. Nakilat said its 2018 net profit reached 892 million Qatari Riyals ($245 million) which compares to 847
zoomImage courtesy of Gazprom Russian gas giant Gazprom and the China National Petroleum Corporation (CNPC) have discussed plans for the supply of national gas to China. Gazprom said that the parties reviewed a wide range of issues related to cooperation between the companies, focusing on the ongoing preparations for the
Location of permits/Image courtesy of Santos Australian LNG player Santos and Beach Energy have become 50/50 joint venture partners across four exploration permits in the Bonaparte Basin offshore Northern Australia. Santos said on Monday that it reached an agreement with Beach Energy to become JV partners on the NT/P82, NT/P85,
zoomTortue development/Image courtesy of BP US-based Kosmos said on Monday that the chief exploration officer and founding partner of the company, Brian F. Maxted, decided to retire, effective February 15. According to the company, Maxted will remain on the board of directors and continue to serve as a special advisor