zoomIllustration purposes only (Image courtesy of MOL) Mitsui O.S.K. Lines (MOL) signed deals for the construction of a floating storage and regasification unit, FSRU services, and financing for the Jawa 1 gas-fired project in Indonesia. Under the deals signed with Jawa Satu Regas (JSR), jointly established by Pertamina, Marubeni, and Sojitz,
zoomImage courtesy of Golar LNG Norwegian based LNG transportation provider Awilco confirmed it has entered talks with other shipowners to establish a joint liquefied natural gas shipping venture. Following media reports that a trio consisting Awilco LNG, Golar LNG and TMS Cardiff Gas, is about to launch a joint venture
Image courtesy of Cheniere Liquefied natural gas (LNG) exports from the United States edged up during the week ending December 5. Data from the United States Energy Information Administration shows that eight tankers with a total carrying capacity of 27.9 Bcf departed the United States facilities during the week. Out of
Image courtesy of NYK Japanese shipping giant NYK said Friday it signed a long-term contract with a unit of French energy giant Total to charter two liquefied natural gas (LNG) carriers. Under the deal, Total Gas & Power Chartering will charter from NYK two new 174,000-cbm LNG carriers that will
Image courtesy of ABS American Bureau of Shipping (ABS) signed a memorandum of understanding with the Korea Marine Equipment Research Institute (KOMERI) to create a new facility dedicated to improving the safety of LNG as fuel. ABS and KOMERI will collaborate on research at the shoreside facility, which will allow shipowners to
For illustration purposes only (Image courtesy of Venture Global LNG) US LNG export project developer Venture Global LNG said Thursday it has entered into a $220 million bridge loan facility with Morgan Stanley Senior Funding, Inc. and associated lenders. The proceeds will be used to finalize engineering work and commence site
zoomImage courtesy of Chevron US energy giant Chevron on Friday said it has set a$20 billion capital and exploratory budget for 2019. In the upstream business, approximately $10.4 billion is forecasted to sustain and grow currently producing assets, including $3.6 billion for the Permian and $1.6 billion for other shale and tight investments, Chevron said. Approximately $5.1 billion of
zoomImage courtesy of Tellurian US LNG export project developer, Tellurian, through its unit Tellurian Trading UK, entered into a 15-year LNG supply memorandum of understanding with trading house Vitol. Under the agreement, Tellurian would supply 1.5 million tonnes per annum of liquefied natural gas from the proposed 27.6 mtpa Driftwood
zoomImage courtesy of Scania A consortium named BioLNG EuroNet, comprising Shell, Disa, Scania, Osomo and Iveco has been formed to support the expansion the use of LNG as fuel for road transport in Europe. The consortium committed to developing new infrastructure across Europe aiming to ensure the long-term success and mass-scale
Image courtesy of ONE Singapore-headquartered Ocean Network Express (ONE) is considering the use of liquefied natural gas (LNG) as fuel in order to comply with IMO regulations, coming into force on January 1, 2020. The transport company noted the revised IMO regulations will limit sulphur content in fuel oil to less