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
South Korea’s Kogas and five compatriots are joining forces to set up a LNG bunkering joint venture in the country. Image: Kogas The other Korean companies are Busan Port Corp, steel-maker Posco, refiner S-Oil, Daewoo Logistics, and shipper Hyundai Glovis. The partners signed a collaboration deal on Tuesday and plan
Australian LNG player Santos has commenced a concept study on decarbonising Cooper Basin natural gas at its source to make “blue” hydrogen. Courtesy of Santos The concept study has been awarded to GHD, Santos said in its statement. Santos managing director and chief executive officer Kevin Gallagher said that carbon
US energy company Kinder Morgan is to launch another small-scale liquefaction unit at its nearly $2 billion Elba Island LNG plant in Georgia. Image: Kinder Morgan The company has requested an authorization from US FERC to place into service the eighth Elba Island liquefaction unit on July 13. Elba Island
