Image courtesy of ConocoPhillips Houston-based ConocoPhillips has agreed to sell its interest in the Barnett shale play to Lime Rock Resources. According to the company’s statement, the transaction is valued at approximately $230 million. Proceeds from this transaction will be used for general corporate purposes, ConocoPhillips said. Production associated with the
zoomImage courtesy of NYK Line NYK Line said that, as part of its safety campaign, it conducted a crisis-response drill based on the scenario of a serious accident occurring on the company-owned LNG carrier. The drill was carried out in partnership with the Maritime Bureau within Japan’s Ministry of Land, Infrastructure,
zoomImage courtesy of Qatargas FSRU Excellence that has delivered the commissioning cargo to Bangladesh Oil, Gas and Mineral Corporation (Petrobangla) in April could finally spring into action. The vessel is expected to start operation within a week at the Moheshkhali Island enabling Bangladesh to import liquefied natural gas and feed it to
zoomImage courtesy of GasLog Monaco-based LNG shipper GasLog plunged into a loss during the second quarter following a profit in the first quarter of the year. Gaslog reported a $3.6 million net loss for the second quarter, after posting a $19.3 million profit in the first quarter, although the loss narrowed
Norway-based floating LNG giant Höegh LNG launched its tenth floating storage and regasification unit (FSRU) at the Samsung Heavy Industries shipyard in South Korea. The vessel, that as can be seen in the video will be named Höegh Galleon, will have a storage capacity of 170,000 cubic meters, featuring GTT’s Mark III membrane
Illustration only. Image source: Pixabay under CC0 Creative Commons license. China Petrochemical Corporation (Sinopec) has received approval by the Shandong province to expand its liquefied natural gas terminal. When the approved expansion is complete the facility located in the port of Qingdao will have the capacity to handle 7 million tons
Image courtesy of Hokkaido Electric Malaysian energy giant Petronas delivered on Wednesday its first liquefied natural gas (LNG) cargo to Japan’s Hokkaido Electric Power. This delivery marks the beginning of Malaysia LNG’s, which is a unit of Petronas, supply to Hokkaido Electric via a 10-year deal signed back in March
Seri Cemara (Image courtesy of MISC) Sakhalin Energy said it has chartered the Seri Cemara liquefied natural gas carrier late last month to serve an Asia Pacific buyer. The company said the vessel capable of transporting 150,200 cubic meters of the chilled fuel has been chartered as a temporary replacement of
Illustration only. Image source: Pixabay under CC0 Creative Commons license. China National Offshore Oil Corp (CNOOC) has reportedly launched its liquefied natural gas (LNG) terminal in Shenzhen. Chinese media reported the terminal in the Guangdong province is the ninth such facility for CNOOC. The facility will be providing 17 million