For illustration purposes only (Image courtesy of Wood Mackenzie) Four trading houses traded an impressive 9 percent of total liquefied natural gas (LNG) sold worldwide in 2017, according to a report by the research and consultancy group Wood Mackenzie. Trafigura, Vitol, Gunvor and Glencore are “dominating” the LNG trading landscape and these
Image courtesy of ConocoPhillips Houston-based energy company and LNG player, ConocoPhillips reported earnings of $1.6 billion in its fourth quarter of 2017, compared with a loss of $35 million in the same quarter a year before, as oil and gas prices rose. On a per-share basis, ConocoPhillips posted fourth-quarter net
Image courtesy of “K” Line LNG Shipping The 173,400-cbm liquefied natural gas (LNG) tanker Patris was recently delivered to its owners by shipbuilder Daewoo Shipbuilding & Marine Engineering in South Korea. The LNG vessel was ordered back in 2015 by a joint venture comprising of “K” Line LNG Shipping, a unit
Sabine Pass cargo loading (Image courtesy of Cheniere) US exports of liquefied natural gas (LNG) produced from shale gas rose week-on-week, according to the weekly report by the Energy Information Administration. Five LNG vessels with a combined capacity of 18.4 billion cubic feet (Bcf) departed Cheniere’s Sabine Pass liquefaction facility
For illustration purposes only (Image courtesy of Chevron) US energy giant and LNG player, Chevron said on Thursday it named Bruce Niemeyer corporate vice president of strategic planning. Niemeyer is currently vice president of Chevron’s mid-continent business unit. In his new role, Niemeyer, 56, will be responsible for setting the
he proposed Rio Grande LNG export facility (Image courtesy of NextDecade) US LNG export project developer, NextDecade is planning to sign a binding engineering, procurement, and construction (EPC) deal with CB&I for its proposed Rio Grande project in the second quarter of this year. The company said this in a statement
LNG newbuilding, Eduard Toll sailing through the Northern Sea Route (Image courtesy of Teekay LNG Partners) Teekay has taken the delivery of its first Arctic liquefied natural gas (LNG) carrier, the 172,000-cbm Eduard Toll. Eduard Toll is the fourth of 15 Arc7 LNG carriers being built for the Novatek-operated Yamal
For illustration purposes only (Image courtesy of LNG Croatia) Croatia is determined to speed up the process of setting up the country’s first liquefied natural gas (LNG) import terminal on the island of Krk. In that regard, the Croatian government adopted a special law during a cabinet session on Thursday. The Balkan
Dutch dredging specialist, Van Oord has launched a new crane vessel, powered by liquefied natural gas (LNG), in the Waalhaven in Rotterdam. This is the first LNG-powered vessel in the Van Oord fleet. “The vessel will contribute to the further modernisation of Van Oord’s fleet and therefore mark the start
