Cash-strapped LNG Limited is selling its proposed Magnolia liquefied natural gas export project to UK-based privately held company Global Energy Megatrend. The $2.25 million-worth transaction, scheduled to close on Friday, includes the Louisiana LNG export project and its 16 employees. The deal also includes LNG Limited’s optimized single mixed refrigerant
Harvey Gulf International Marine, the New Orleans-based LNG-powered PSV owner and LNG bunkering pioneer, secured contract extensions for a pair of its vessels. Image courtesy of Harvey Gulf Harvey noted it has signed two 18-month contract extensions for two of its LNG-powered PSV’s. The extensions will keep both vessels under
The Nordic energy company Gasum has made the first delivery of liquefied natural gas to Equinor under the supply deal signed in January. Image courtesy of Gasum Under the agreement, Gasum will be supplying LNG to Equinor-chartered crude shuttle tankers. The first operation has been completed at Skagen where the
The collapse of the oil market has seen prices of marine fuels compliant with the IMO 2020 sulphur regulation dwindle providing some ease for shipowners in the unprecedented economic crash. “From a shipowner’s or charterer’s perspective, the lower bunker prices provide a glimmer of hope in bleak times. Perhaps less
Heerema’s Sleipnir, the world’s largest semi-submersible crane vessel, has transported and installed the Nova topside module on the Gjøa platform in the North Sea. [embedded content] As previously reported, Sleipnir picked up the 740mT module from a barge outside Stavanger, Norway. From there, the vessel transported the module to Neptune
The Western Australian government is pushing forward to create an international liquefied natural gas fuelling hub in Pilbara. As part of the plan, the WA government is introducing new incentives encouraging ships visiting Pilbara Ports to use cleaner marine fuels like LNG. The government led by premier Mark McGowan will
Australian largest LNG company Woodside has awarded a supply and fabrication contract to compatriot Civmec for the Pluto-Karratha gas plant interconnector project. Pluto LNG (Image courtesy of Woodside) Under the deal, Western Australia-based Civmec will carry out the fabrication of structural steel, piping, a module and skids located within Woodside’s
German engine builder MAN Energy Solutions has partnered up with Japanese shipbuilder Imabari Shipbuilding, ClassNK classification society, Mitsui E&S Machinery, and energy trading firm of Itochu Corporation, Itochu Enex, on the development of a vessel powered by ammonia. The cooperation builds on the work MAN Energy Solutions has already launched