For illustration purposes only (Image courtesy of Air Products) US-based LNG equipment maker, Air Products on Tuesday reported lower fiscal fourth-quarter net income than in the same period a year ago. Net income decreased 4 percent from the comparable quarter a year ago to $452.9 million. Earnings per share were $2.05,
Image courtesy of Golar LNG shipper Golar reported a net income of $66.2 million, nearly doubling on the previous quarter’s $36.3 million. Rising LNG production and ton-miles together with a seasonal increase in trading activity absorbed vessels resulting in improving utilization and increasing charter rates. Fleet utilization increased from 62 percent
zoom Nasdaq-listed Golar LNG Partners, a limited partnership formed by Golar LNG, said Monday that its floating storage and regasification unit (FSRU) Golar Freeze is expected to “shortly arrive” offshore Jamaica. The 125,000-cbm FSRU Golar Freeze will serve a 15-year charter for New Fortress Energy as an import facility supplying new gas-fired
zoomImage courtesy of CHI Engineering US engineering and consulting solutions provider, NV5 Global acquired the CHI Engineering Services an infrastructure engineering firm headquartered in Portsmouth, New Hampshire for $55 million. CHI provides engineering, procurement and construction management (EPCM) services to the liquefied natural gas (LNG), petroleum gas (LPG) and natural
zoomImage courtesy of MEW LIQVIS, a unit of the German utility Uniper, opened its first permanent public filling station for liquefied natural gas (LNG) near Berlin. The station is one of the first permanent LNG filling stations in Germany and was built at a junction in Grünheide just outside Berlin,
LNG tankers loading at Curtis Island export projects (Image courtesy of Bechtel) Two liquefied natural gas export projects on Queensland’s Curtis Island, Australia Pacific LNG and QCLNG have agreed long-term infrastructure sharing. APLNG, a joint venture between ConocoPhillips, Origin Energy and Sinopec, has also agreed to secure additional natural gas
zoomImage courtesy of Pakistan LNG State-owned Pakistan LNG launched a tender seeking the supply of a total of three liquefied natural gas cargoes for delivery in January and February. According to Pakistan LNG’s tender document dated November 5, the supply term is divided into three periods and the cargoes will
zoomIllustration purposes only (Image courtesy of Woodside) The Australian government is making changes to the Petroleum Resource Rent Tax (PRRT) expecting to raise A$6 billion ($4.32 billion) over the next decade. The government sees the oil and gas industry is a valuable economic contributor, recording nearly $40 billion in export earnings
TMS Cardiff Gas’ LNG carrier Palu (Image courtesy of TMS Cardiff Gas) Greece-based LNG tanker operator TMS Cardiff Gas ordered two new liquefied natural gas newbuilds to further expand its fleet. The company placed the order for the LNG carrier duo at the South Korean Samsung Heavy Industries shipyard, according to
zoomImage courtesy of Energia Costa Azul (ECA) LNG San Diego-based Sempra Energy and France’s Total signed a memorandum of understanding to join forces on the development of North American liquefied natural gas (LNG) export projects. The scope of the memorandum covers continuing development of the Cameron LNG liquefaction-export project in