zoomImage courtesy of Novatek Russia’s largest independent natural gas producer and LNG project operator Novatek said that the independent petroleum engineers, DeGolyer & MacNaughton, have completed the company’s hydrocarbon reserves appraisal. Novatek said that as of December 31, 2019, total SEC proved reserves including the company’s proportionate share in joint
zoomImage courtesy of Santos Australian LNG player Santos, the operator of the GLNG project, reported record production and revenue for the year 2019. Santos’ annual production reached 75.5 mmboe, 28 percent above the 58.9 mmboe reported in 2018. Sales volumes for the year 2019 reached 94.5 mmboe, 21 percent above the
zoomImage courtesy of McDermott Energy industry contractor McDermott International has filed for Chapter 11 bankruptcy as it looks to eliminate over $4.6 billion of debt. The company said on Tuesday it has the support of more than two-thirds of all its funded debt creditors for a restructuring transaction that will
Image courtesy of GSPC Following numerous delays, and over a year and a half after its inauguration, Mundra LNG terminal project in India’s Gujarat state could be commissioned this week. Citing government officials, Times of India reports the facility is set to receive a commissioning cargo on Wednesday, January 22.
zoomImage courtesy of probunkers Athens-based probunkers has signed a letter of intent (LOI) with Hyundai Mipo Dockyard (HMD) for the construction of two (2) firm units of 7,600-cbm LNG bunker vessels. The signing of this LOI comes as the product of a long optimization process during which probunkers’ technical team
Image courtesy of CMES China Merchants Energy Shipping (CMES) has decided to carry out a 6.57 billion Chinese yuan ($952 million) asset acquisition which includes equity in five Arctic LNG carriers. Under the deal, CMES is set to acquire Sinotrans Shipping’s dry bulkers as well as equity of the Yamal
zoomImage courtesy of Wärtsilä The Finnish technology group Wärtsilä said it is set to launch its new LNG Bunkering & Supply System simulator at an event in Amsterdam later this month. The simulator will promote greater safety onboard LNG fuelled vessels by improving the level of training for operators of
zoomImage courtesy of Cryopeak LNG Solutions Cryopeak LNG Solutions Corporation said it has developed the first-ever “Super B-train” liquefied natural gas (LNG) hauling trailer to optimize small-scale transportation in Canada. The trailer is designed to be interoperable across Canada and is in full compliance with Transport Canada rules and regulations
zoomImage courtesy of Hudong Zhonghua Chinese shipyard Hudong Zhonghua has won the contract to build a pair of mid-sized LNG vessels for a Malaysian LNG project. The vessel, with a total length of 239 meters will feature GTT’s NO96 containment system and will be built on Hudong Zhonghua’s G4 Changxing