Image courtesy of Arctia Arctia’s LNG-fueled icebreaker Polaris completed the first LNG bunkering operation at the Tornio LNG facility. The vessel bunkered LNG directly from the facility located in a port that is surrounded by ice at least four months a year, Arctia said in its brief statement on social
Image courtesy of ExxonMobil US energy giant ExxonMobil reported 2018 earnings of $20.8 billion compared with $19.7 billion a year earlier. Fourth quarter 2018 earnings were $6 billion compared with $8.4 billion in the prior-year quarter. The company’s revenue jumped from $244.3 billion in 2017 to $290.2 billion, ExxonMobil said in a statement. Oil-equivalent production
zoomImage courtesy of Gazprom Russian giant Gazprom saw its natural gas export to Europe rise 1.6 percent in January, compared to the corresponding month last year. According to the company’s preliminary data, Gazprom’s gas deliveries to Europe amounted to an estimated 17.6 billion cubic meters during the month. The company
Image courtesy of Containerships Qatar eyeing orders for 60 new LNG tankers South Korean shipyard are bracing for a jump in liquefied natural gas (LNG) shipbuilding contracts from Qatar. WoodMac: FLNG industry growth facing headwind Floating liquefied natural gas industry is expected to continue its growth in the future, however,
zoomImage courtesy of Chevron Chevron, the US-based energy company and the operator of the giant Gorgon and Wheatstone LNG projects in Australia, Reported a rise in the fourth quarter and full-year 2018 profit. For the fourth quarter, Chevron’s profit reached $3.7 billion, up from $3.1 billion in the corresponding quarter of 2017. For the twelve
zoomImage courtesy of Cheniere Liquefied natural gas (LNG) exports from the United States increased week on week despite a drop in natural gas feedstock deliveries. According to the weekly report by the Energy Information Administration, seven LNG vessels with a combined LNG-carrying capacity of 25.5 BIllion cubic feet departed the United
zoomImage courtesy of ExxonMobil US energy giant ExxonMobil said it will streamline its upstream organization and centralize project delivery across the company to support plans to double operating cash flow and earnings by 2025. The reorganization will be effective April 1 and involve the creation of three new upstream companies, ExxonMobil
zoomFor illustration purposes only (Image courtesy of ABS) American Bureau of Shipping (ABS) granted approval in principle to two liquefied natural gas (LNG)-powered designs from China’s Dalian Shipbuilding Industry Group. DSIC’s designs include a 208,000 dwt bulk carrier and a concept 260,000 dwt Very Large Ore Carrier (VLOC), according to
zoomImage courtesy of ABS American Bureau of Shipping (ABS) released its ‘Guide for Building and Classing Liquefied Gas Tank Barges with Remote Control and Monitoring of Essential Systems. The guide provides requirements for the design and construction of barges equipped with various degrees of automation, remote control and monitoring of essential