South Korean shipbuilding giant Hyundai Heavy Industries (HHI) has obtained a green syndicated loan worth ₩480 billion ($388 million) from the Korea Development Bank (KDB) and other banks. On 29 May 2020, HHI signed an agreement in Seoul with South Korea state bank KDB; its affiliate KDB Capital; Industrial and
Shares of South Korean shipbuilders surged on Tuesday following a landmark deal for Qatari liquefied natural gas carriers. Image courtesy of DSME LNG producing giant Qatar Petroleum said on Monday it signed deals with South Korea’s biggest three shipbuilders to secure more than 100 vessels worth about $19.2 billion. This
The London Stock Exchange-listed InfraStrata, a company focused on the development of natural gas storage capacity, has pulled the trigger for the acquisition of Meridian Holdings. To remind, Meridian Holdings is proposing the development of a floating storage and regasification unit (FSRU) project in Barrow-in-Furness, northwest England. InfraStrata has now
The Impact Assessment Agency of Canada is inviting the public and Indigenous groups to submit comments on the second phase of Tilbury LNG project expansion. Courtesy of FortisBC The Impact Assessment Agency of Canada has accepted an initial project description for the proposed Tilbury phase 2 LNG expansion project, located
Golden Pass LNG, a joint venture of Qatar Petroleum and Exxon Mobil, is seeking approval from U.S. federal energy regulators to boost capacity at its $10 billion export facility in Texas. Image courtesy of Golden Pass LNG The company has asked FERC to raise capacity at its terminal under construction
South Korea’s shipbuilding giant Samsung Heavy Industries has launched a new liquefied natural gas carrier for Greece-based LNG shipper GasLog. LNG carrier GasLog Galveston (Image courtesy of GasLog) The launching event of the LNG carrier GasLog Galveston (SN2301) was held at the Korean yard on May 30. GasLog says it
Qatar Petroleum has inked three deals with South Korean shipbuilders reserving slots for its LNG tanker fleet expansion valued over $19 billion. Qatari giant said on Monday it has signed deals to reserve LNG ship construction capacity in South Korea to be utilized for its future LNG carrier fleet requirements,
Glander International Bunkering Group has acquired Canden Marine Fuel Services, a Canada-based marketer of marine fuels. Canden will become Glander International Bunkering (Montreal) Ltd as the 9th office in the brand’s global network. As explained, the decision to merge into the Glander International Bunkering Group is “strategically aimed at strengthening