Illustration purposes only (Image courtesy of Flex LNG) Flex LNG, company controlled by billionaire John Fredriksen and an emerging player in the LNG shipping business, dropped deeper into red in the second quarter of 2019. The company reported a net loss of $3.9 million for the second quarter, a larger
Image courtesy of Venture Global LNG U.S. LNG export project developer Venture Global LNG has closed the financing for its Calcasieu Pass LNG facility and associated TransCameron pipeline in Cameron Parish, Louisiana. Venture said that the proceeds of the debt and equity financing would fully fund the balance of the
Illustration; Image courtesy of Gloryholder EPC provider Gloryholder has signed a contract for the supply of LNG fuel gas systems to two dual-fueled chemical tankers. Gloryholder said that the deal was for the designing and supplying LNG fuel gas supply system for two 22,000 dwt chemical tankers with Wuhu Shipyard.
Cameron LNG Train 1 (Image courtesy of McDermott) Cameron LNG project joint owners have started commercial operation from Train 1 following its substantial completion. LNG contractor McDermott International, which along with Chiyoda – its JV partner on the project – has been providing EPC and commissioning for the project since
Image courtesy of Sempra Energy Natural gas deliveries to U.S. facilities producing liquefied natural gas (LNG) for export set a monthly record in July 2019, according to the Energy Information Administration (EIA). EIA said on Monday that the deliveries were averaging 6.0 billion cubic feet per day — seven percent
MV Glen Sannox; Image courtesy of Ferguson Marine The Scottish Government has taken the Ferguson Marine shipyard, which collapsed due to soaring costs of a contract with a state-owned ferry company, into public control. The Government said last week that the takeover of the Ferguson Marine shipyard would enable completion
Image courtesy of KNPC Kuwait has reportedly issued tenders for the construction of facilities to store liquefied natural gas (LNG) and convert it to gas at its Al-Ahmadi oil refinery. Citing the Arabic language daily newspaper Alseyassah, Reuters reported on Sunday that the state-owned Kuwait National Petroleum Company (KNPC) issued
South Korean shipbuilding giant Samsung Heavy Industries (SHI) has received orders from an undisclosed buyer to build ten Aframax LNG-fuelled crude oil tankers. Image courtesy of Gerhardt Himmelmann; Used under the CC BY-SA 2.0 license SHI said on Monday that the contract for the vessels was valued at KRW 751.3
Image courtesy of Jumbo Heavy lift specialist Jumbo Offshore and biofuel supplier GoodFuels have entered into a joint initiative to test marine biofuel oil on an offshore decommissioning project. Jumbo said that the partnership would pave the way for a fossil fuel to renewables energy transition in the offshore support