zoomImage: Ole Jørgen Bratland/Equinor Norwegian energy giant and LNG operator Equinor on Thursday reported a strong increase in third-quarter net profit as it benefited from a rise in oil and gas prices. Equinor’s net profit rose to $1.67 billion in the third quarter, compared to a loss of $480 million in
Image courtesy of Sovcomflot Sovcomflot’s crude oil tanker Gagarin Prospect, operating on LNG fuel, completed its voyage across the Baltic and North Seas from Primorsk to Rotterdam on October 22. The vessel delivered a cargo of 104,815 tonnes of crude oil to Rotterdam. For the LNG-powered tanker, it marked its first
Image courtesy of Höegh LNG Norway-based FSRU giant Höegh LNG confirmed Wednesday it has chartered its Höegh Gallant FSRU to Clearlake Shipping, a unit of the Switzerland-based energy trading company Gunvor. To remind, Höegh LNG said last week that the floating regasification and storage unit would be chartered to a third party following
Yamal LNG storage tank (Image courtesy of Novatek) Russia’s largest independent natural gas producer Novatek reported a rise in its profit for the third quarter of this year as it continues to perform commissioning works on the third train at its giant Yamal LNG facility in the Russian Arctic. Profit for the
zoomImage courtesy of Oil Search The Papua New Guinea-focused oil and gas producer and PNG LNG stakeholder, Oil Search reported a jump in its third-quarter revenue. One of the main reasons for this is the recovery of production at the giant LNG export project partly located in the Highlands region
For illustration purposes only (Image courtesy of Containerships) French shipping giant CMA CGM has gained an approval from the European Commission to acquire Finland’s Containerships. To remind the deal between CMA CGM and Container Finance was announced back in June and it includes Container Finance’s holdings in Multi-Link Terminals and CD Holding. The European Commission
zoomImage courtesy of LNG Canada Canada’s National Energy Board (NEB) said Monday it will consider a claim filed by a local environmentalist that TransCanada’s Coastal GasLink pipeline should be listed as a federal project. NEB has granted a new hearing and will accept submissions until next Monday from the claimant,
zoomThe proposed Rio Grande LNG export facility (Image courtesy of NextDecade) US LNG export project developer, NextDecade said Tuesday it has appointed Erik Ludtke as chief commercial officer. The appointment is effective November 1, 2018. Ludtke will be responsible for developing and managing the natural gas supply portfolio, the midstream
zoomFor illustration purposes only (Image courtesy of Höegh LNG) Law firm Watson Farley & Williams said it has advised Norway’s Höegh LNG on the recent $200 million debt financing for its ninth floating storage and regasification unit (FSRU). The 170,000-cbm FSRU to be named Höegh Gannet is currently under construction