Shell’s profit hit by lower prices

zoom The Hague-based LNG giant Shell reported a nearly 50 percent drop in profit for the fourth quarter of 2019 on lower realized oil, gas and LNG prices. The company reported a net profit of $2.9 billion for the quarter under review, 48 percent down on the $5.6 billion reported …
Image courtesy of MAN Energy Solutions MAN Energy Solutions noted that during testing completed by Hyundai’s Engine Machinery Division (HHI-EMD) MAN B&W 11G90ME-GI dual-fuel engine ran at 100 percent load in gas mode. HHI-EMD completed the test for the first of six ME-GI engines bound for a series of container …
zoomIllustration purposes only (Image courtesy of SHI) Despite LNG containing less carbon per unit of energy compared to conventional marine fuels, a recent study says this might not reduce GHG emissions on a life-cycle basis. A paper by the International Council on Clean Transportation takes into consideration the life-cycle GHG …
Video source: Sempra LNG Sempra LNG, a unit of Sempra Energy, recently marked a milestone at its liquefaction facility in Hackberry, Louisiana. In a brief statement through its social media channels, Sempra LNG said it completed simultaneous berthing of two LNG vessels, the Flex Ranger and the Wilpride. The …
Canadian GasNorth Energy has been granted permission from the BC Oil and Gas Commission to proceed with the installation of a natural gas liquefaction facility near Fort Nelson, British Columbia. The facility will use locally produced natural gas and will supply existing and emerging markets in the Yukon and Northwest Territories. With an …
zoomImage courtesy of AG&P Global downstream gas and LNG logistics company Atlantic Gulf & Pacific (AG&P) said it has expanded its proprietary technologies portfolio for small-scale bunker vessels and LNG-to-power barges. In the past year, AG&P and majority-owned GAS Entec have been awarded contracts for key LNG components of, among …
zoomImage courtesy of EIB Public Gas Corporation of Greece (DEPA) and the European Investment Bank (EIB) signed a financing agreement for the construction of a new Greek LNG bunkering vessel. Under the agreement, EIB is set to finance with up to €20 million ($22 million) the construction of a new …
zoomImage courtesy of Inpex Halliburton Company secured seven contracts for drilling and completion services for the next phase of field development of the INPEX-operated Ichthys LNG project in the Browse Basin offshore northern Australia. The well development campaign is due to start in March 2020 and will continue for an …
Image courtesy of Sempra Energy Cameron LNG project has filed a request with the Federal Energy Regulatory Commission seeking a 72-month extension to place additional facilities in service. In May 2016, the project was issued an authorization to site, construct, and operate certain additional facilities for the liquefaction and export …
Image courtesy of Nakilat The South Hook liquefied natural gas import facility on the Milford Haven waterway is set to accommodate one of the largest vessels in the global LNG tanker fleet. The 263,300-cbm Al Ghuwairiya Q-Max LNG carrier is scheduled to deliver a cargo to the South Hook liquefied …