Qatar’s Nakilat, the world’s largest LNG shipper, reported its highest profit since inception. Courtesy of Nakilat The Qatari LNG shipping giant posted a net profit of 1.16 billion Qatari Riyals ($318.9 million) for the year ended December 31, 2020. This is an increase of 15.7 per cent from the 1
Dutch ferry operator Rederij Doeksen officialy put its LNG-powered catamaran ferry Willem De Vlamingh into service. Courtesy of Rederij Doeksen The vessel will be operating on the connection between the Dutch islands of Vlieland and Terschelling. The ferry made its first official passenger service trip on 26 January 2021 on
Swedish ferry company Stena Line plans to start operating two fossil-free battery-powered vessels on the route between Gothenburg and Frederikshavn in Denmark no later than 2030. Image Courtesy: Stena Line This was announced by Stena Line’s CEO during a press conference about the industry collaboration project Tranzero Initiative, in Gothenburg
The United States liquefied natural gas (LNG) exports have been outstripping the exports of natural gas by pipeline recently. Courtesy of Cheniere According to the U.S Energy Information Administration’s Natural Gas Monthly LNG exports exceeded pipeline exports in November 2020 by 1.2 billion cubic feet per day. The first time
TechnipFMC said on Thursday it plans to wrap up its separation into two independent, publicly traded companies later this month. Namely, the last day of trading of TechnipFMC shares that include the right to receive Technip Energies shares on the New York Stock Exchange and Euronext Paris stock exchange will
Titan LNG, a Dutch independent LNG supplier, has chartered the Green Zeebrugge LNG bunkering vessel on a long-term deal starting February 2021. Courtesy of Titan LNG The 5,200-cbm vessel, previously known as Engie Zeebrugge, has been chartered from NYK Line. Titan LNG on Thursday said it will use the vessel
The Finnish technology group Wärtsilä and Germany-based SAACKE Marine Systems signed a strategic partnership agreement to offer solutions for seagoing vessels, offshore plants, and LNG tankers. Inert Gas Systems; Courtesy of Wärtsilä The agreement’s goal is to strengthen the ability of the companies to offer a comprehensive range of technology
Russia’s Rosneft oil company and oil major BP signed an agreement to collaborate on carbon management and sustainability activities. Courtesy of BP The strategic collaboration agreement builds on the partnership between the two companies and confirms key elements of their collaboration on work to identify carbon reduction activities and low
Oil major Shell recorded an 87 per cent decrease in its fourth quarter of 2020 adjusted earnings due to lower oil and gas prices and production volumes. Despite these results, Shell has said it will raise its dividend. Shell said in its quarterly report on Thursday that the income attributable