The Hague-based LNG giant Shell has bought a ‘minor stake’ in GLX Digital, an Australian trading software solutions developer for global commodity markets. Courtesy of Shell GLX said in its statement, its platform allows Shell’s LNG trading teams to buy and sell LNG cargoes. The platform is connecting in real-time
US company Energy Transfer is in the process of evaluating bids for the engineering, procurement and construction contract on its proposed Lake Charles LNG export facility. Image: Energy Transfer Lake Charles LNG has received commercial bids from EPC companies in response to a commercial tender issued in December last year.
Australia’s power and gas retailer Origin Energy is expecting to take a A$1.16 billion to A$1.24 billion ($812.2 to $868.3 million) hit in its full-year 2020 results. Courtesy of Origin Energy The non-cash charges relate to updated year-end valuation estimates primarily driven by revised commodity price assumptions, the associated economic
US company NextDecade said on Monday it would ditch one train from its proposed Rio LNG export plant in Texas as part of an optimization move that includes slashing emissions. Image: NextDecade The original design for Rio Grande LNG included six trains each capable of producing 4.5 million tonnes per
China’s Cosco Shipping Heavy Industry has completed repair works on a 30,000-cbm carrier, marking the second-ever LNG repair job for the yard. Image: Cosco Shipping Heavy Industry The vessel in question is the Cnooc-owned small-scale LNG carrier Hai Yang Shi You 301. Cosco’s Guandong shipyard welcomed the 184.7 meters long
Australian LNG major Woodside is bracing for a $4.37 billion impairments hit following an asset value review. Courtesy of Woodside The company is expected to take a $2.76 billion hit in its financial statements for the half-year ended June 30, 2020, for oil and gas properties. It will also recognize
Wärtsilä has received an order for multiple solutions for Green Jade, the first floating heavy-lift offshore wind installation vessel to be built in Taiwan. The vessel, owned by CSBC-DEME Wind Engineering (CDWE), will be equipped with four of Wärtsilä’s 46DF and two 20DF dual-fuel engines, as well as its Transverse
The Methanol Institute (MI) has joined a study led by the China Waterborne Transportation Research Institute (CWTRI), the think tank of the Chinese Ministry of Transport, which will consider the technical and operational requirements for the use of methanol as a marine fuel. The study will create comprehensive guidance and
Russian gas giant Gazprom reported a net loss in the first quarter of this year mainly due to lower prices and nosediving demand in Europe hit by the Covid-19 pandemic. Image: Gazprom Gazprom reported a net loss of 116.2 billion Russian roubles ($1.6 billion) in the January-March period. This compares