Golar LNG, owner and operator of LNG midstream infrastructure, saw its fourth-quarter profit dwindle. Courtesy of Golar LNG The company reported a net income of $9.5 million in Q4 2020, slipping 62 per cent from the figures reported in the corresponding quarter in 2019. However, the company noted the profit
Despite the unprecedented volatility caused by the COVID-19 pandemic resulting in lockdowns around the world, global LNG trade rose to 360 million tonnes in 2020. Courtesy of Shell According to Shell’s latest annual LNG Outlook, the increase in volume reflects the resilience and flexibility of the global LNG market in
Acteon’s surveying company UTEC has won a contract from TechnipFMC to support the development of Coral-Sul FLNG (floating liquefied natural gas) project, the world’s first in ultra-deepwater. The Coral-Sul FLNG, which is approximately 50 kilometres from the Mozambique coast, will operate in 2000 metres of water in Coral field, which
UK-based TechnipFMC has reported fourth-quarter 2020 loss of $39 million or 9 cent per diluted share against $2.4 billion loss same time last year. Adjusted diluted earnings per share was 5 cents, with analysts projecting some 20 cents. Revenue for the quarter was down from Q4 2019 some eight per
UK’s ga supplier Gasrec will grow its Bio-LNG delivery fleet by 300 per cent in the next year, to meet the demand from transport and logistics companies for a more sustainable alternative to diesel. Courtesy of Gasrec Fleets transitioning to renewable fuels are playing a key role in helping to
The Greek shipping company Minerva, led by Andreas Martinos, has taken delivery of its latest LNG carrier newbuild, the Minerva Kalymnos. Courtesy of Minerva Gas The vessel capable of transporting 174,000 cubic meters of chilled fuel has been built and delivered by the South Korean shipbuilder Samsung Heavy Industries, almost
Titan LNG, a Dutch supplier of LNG to the marine and industrial markets in Europe, has completed an LNG bunkering operation at Bremerhaven, Germany. Courtesy of Titan LNG The company delivered the chilled fuel to the Atair, a research vessel owned and operated by the Federal Maritime and Hydrographic Agency
This embedded content is only visible after accepting cookies. Change your preferences [embedded content] Damen Shipyards Galati in Romania has launched the fifth in a series of six Island Class vessels for the Canadian ferry operator BC Ferries. The hybrid diesel-electric ferry will undergo final touches before it sets off to