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Santos swings to loss on impairments

20 Aug No Comments gregsamuel_e5x9azx4 LNG World News

Australian independent energy firm Santos reported a net loss in the first half as it booked a $526 million hit in asset impairments due to revised oil price outlook. Darwin LNG plant (Image: Santos) The LNG producer recorded a net loss of $289 million as compared to a profit of

Japan’s LNG imports drop in July

20 Aug No Comments gregsamuel_e5x9azx4 LNG World News, Uncategorized

Japan’s monthly LNG imports declined last month following a slight increase in June as the Covid-19 coronavirus pandemic continues to affect demand. For illustration purposes only (Image: Tokyo Gas) The world’s largest importer of LNG received 6.03 million tonnes of the fuel last month, down 11.5 percent from a year

Stohle takes over as Hoegh LNG Partners CEO

20 Aug No Comments gregsamuel_e5x9azx4 LNG World News, Uncategorized

The boss of Norwegian floating LNG player Hoegh, Sveinung Stohle, will take over as chief executive for the firm’s New York-listed limited partnership as part of a management reshuffle. Image: Hoegh LNG Partners Under the move, Hoegh’s finance chief Havard Furu, will also become the partnership’s CFO. To remind, this

Chile gets first Australian LNG cargo

19 Aug No Comments gregsamuel_e5x9azx4 LNG World News

Chile has received its first cargo of liquefied natural gas from Australia, according to the energy consultancy EnergyQuest. Image: GNL Quintero The 173,400-cbm Sevilla Knutsen loaded the cargo at Shell’s Queensland Curtis LNG terminal in Gladstone late July. Following a 24-day voyage of over 13,500 nautical miles, the vessel docked

Misje orders up to 10 eco bulk carriers in Sri Lanka

19 Aug No Comments gregsamuel_e5x9azx4 LNG World News

Misje Eco Bulk AS, part of Norway’s ship owning group Kåre Misje & Co., has ordered up to ten eco bulk carriers from Sri Lanka’s Colombo Dockyard PLC (CDPLC). As informed, the deal encompasses six firm plus four optional vessels. Wartsila/Colombo Dockyard Signed in March 2020, the contract is scheduled to

Flex LNG posts loss due to weak market

19 Aug No Comments gregsamuel_e5x9azx4 LNG World News

Norway-based Flex LNG logged a net loss of $6.7 million in the second quarter as the Covid-19 pandemic continues to affect the shipping market. Image: Flex LNG The net loss grew when compared to $3.9 million last year but shrank looking at the previous quarter when the firm logged a

MOL and Cosco name third Yamal LNG carrier

19 Aug No Comments gregsamuel_e5x9azx4 LNG World News

China’s Hudong-Zhonghua held on Wednesday a naming ceremony for the third Yamal LNG vessel owned by a joint venture consisting of compatriot Cosco Shipping and Japan’s Mitsui O.S.K. Lines. Image: Yang Zheng/Hudong-Zhonghua Shipbuilding The owners will take delivery of the 174,000-cbm LNG Phecda by the end of this month. To

NextDecade secures approval to change Rio Grande LNG design

18 Aug No Comments gregsamuel_e5x9azx4 LNG World News

US company NextDecade has received approval from federal regulators to ditch one train from its proposed Rio Grande LNG export plant in Texas. Image: NextDecade The original design for Rio Grande LNG included six trains each capable of producing 4.5 million tonnes per year. However, NextDecade announced in July it

Kongsberg Maritime to convert Island Offshore PSV trio to hybrid power

18 Aug No Comments gregsamuel_e5x9azx4 LNG World News

Norwegian offshore shipping company Island Offshore has awarded a contract to Kongsberg Maritime to supply turnkey hybrid battery solutions for three of its platform supply vessels. Kongsberg Maritime said on Tuesday that it would supply the solutions on the Island Crusader, Island Contender, and Island Commander. The first two run

Petronet LNG profit down on lower volumes

18 Aug No Comments gregsamuel_e5x9azx4 LNG World News

India’s biggest LNG importer Petronet reported a drop in net profit due to lower demand in the country caused by the Covid-19 lockdown. Image: Petronet LNG Net profit after tax stood at 5.2 billion rupees ($69.5 million) in the first quarter of the 2020-21 fiscal, compared to 5.6 billion rupees

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