zoomImage courtesy of Woodside Australia’s Woodside Petroleum on Tuesday said its financial results will take a $720 million hit on its Kitimat LNG investment. The company said it will recognize a non-cash impairment in relation to the Kitimat assets in Western Canada. Kitimat remains a world-class project and Woodside will
Image courtesy of NextDecade US LNG export project developer NextDecade Corporation has been authorized to export LNG from its Rio Grande LNG facility to non-free trade agreement (non-FTA) countries. The authorization has been issued by the United States Department of Energy (DOE). In combination with a free trade agreement (FTA)
zoomIllustration purposes only (Image courtesy of New Fortress Energy) New York City-based New Fortress Energy has signed a long-term deal for the supply of liquefied natural gas through to January 2030. Under the agreement, the company would purchase 27.5 million MMBtu per annum of LNG, or approximately 8 cargoes a
Image courtesy of Keppel Corporation Keppel Capital, a unit of Keppel Corporation, has launched the Keppel Asia Infrastructure Fund, a new closed-end infrastructure private equity fund with a target size of $1 billion, and has achieved its first closing. The fund intends to acquire as its first investment, an interest
Illustration purposes only (Image courtesy of Knutsen) Norwegian shipping company Knutsen has placed orders for a quartet of liquefied natural gas carriers at the South Korean Hyundai Heavy Industries shipyard. The order follows separate deals the Hague-based LNG giant Shell signed with Knutsen units, for two LNG carriers with Korea
Image courtesy of Novatek Arcticgas, a joint venture between Russia’s largest independent natural gas producer and LNG project operator Novatek and Gazprom Neft, has expanded the gas condensate treatment facility’s capacity at the Samburgskiy license area. Novatek said last week that the expansion was done to accommodate the increased volumes
Illustration; Image courtesy of BW LPG BW LPG, the world’s largest liquid petroleum gas shipping company, has exercised an option for the delivery of four additional LPG dual-fuel engines. BW LPG said on Monday that it was now committed to retrofit eight vessels with this kind of propulsion technology. The
The signing ceremony held in Kuala Lumpur; Image courtesy of K-Line Kawasaki Kisen Kaisha (K-Line) has signed a long-term time charter contract for two newbuilding LNG carriers with Malaysian energy company Petronas. K-Line said on Monday that it signed shipbuilding contracts for two 79,960 cbm LNG carriers with Hudong-Zhonghua Shipbuilding,
Illustration; Image courtesy of Knutsen Norwegian independent shipping company Knutsen NYK Offshore Tankers (KNOT) has been awarded a contract by Italian energy giant Eni to build two LNG-fueled shuttle tankers. Knutsen said last week that the two new 124,000 dwt LNG-fueled shuttle tankers would be built by Daewoo Shipbuilding &