zoomIllustration purposes only (Image courtesy of Golar LNG) Floating liquefied natural gas industry is expected to continue its growth in the future, however, it will be at a slower steadier pace of growth is likely as FLNG competes for capital and buyers in a busy LNG market. According to the research
zoomImage courtesy of ExxonMobil US energy giant ExxonMobil with joint venture partners PetroVietnam and PetroVietnam Exploration Production Corp, is advancing plans for a multi-billion dollar integrated gas-for-power development in central Vietnam. The company has awarded the contract for front-end engineering and design and is filing appropriate permits, planning applications and other
zoomImage courtesy of GasLog Partners GasLog Partners, the New York-listed spinoff of LNG shipper GasLog, reported a slide in profit during the last quarter of the year, as well as for the whole twelve months. In its latest report, the partnership reported a fourth-quarter profit $20.4 million on IFRS basis,
zoomImage courtesy of Shizuoka Gas Japanese gas utility Shizuoka Gas signed an LNG sale and purchase agreement with Clean Energy in China for the delivery of chilled fuel from the Shimizu LNG terminal in ISO containers. Shizuoka Gas has been seeking further utilization of Shimizu LNG terminal since 2017 when
zoomImage courtesy of Brittany Ferries French shipping company Brittany Ferries noted that its LNG-powered cruise ferry Honfleur will not be delivered on schedule, in time for the 2019 summer season. The delay is a result of financial setbacks at the Flensburger Schiffbau-Gesellschaft (FSG) shipyard, Brittany Ferries said in its statement. FSG was hit
Image courtesy of Indian Oil LNG Indian Oil Corporation is reportedly seeking a liquefied natural gas cargo to use for the commissioning purposes of its Ennore LNG terminal at the Kamarajar port. Citing industry sources, Reuters reports the company has sought a partial cargo to be delivered on February 25.
zoomImage courtesy of Wärtsilä Finnish engine maker Wärtsilä is set to cut 1,200 jobs to profitability in the coming years, as its profit saw a decrease during the fourth quarter of 2018. The company noted that its orders reached a total value of €6.3 billion ($7.2 billion) which is 12 percent above the €5.6 billion in 2017. During
zoomImage courtesy of Ophir Energy London-based Ophir Energy on Wednesday that following negotiations with Medco, the companies have reached an agreement on the terms of the potential takeover bid. Under the agreement, Medco Global, a unit of Medco Energy, will acquire the entire issued and to be issued ordinary share
Image courtesy of Wison Wison Offshore & Marine has received approval in principle (AIP) from the American Bureau of Shipping (ABS) for its floating natural gas to methanol (FGTM) facility. Wison said in its statement the system is capable of eliminating heavy upfront capital expenditure during offshore LNG production. The FGTM
zoomImage courtesy of Klaipedos Nafta Klaipedos Nafta, the operator of the Lithuanian LNG terminal in the port of Klaipeda performed the 20th small-scale liquefied natural gas reloading operation. On Monday morning, the LNG feeder and bunker vessel Kairos arrived to Klaipėda LNG terminal for the reload operation, the company said