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BP’s quarterly profit hits five-year high

30 Oct No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of BP UK-based energy giant and LNG player BP reported a surge in profit during the third quarter, hitting the highest quarterly figure in over five years. Underlying replacement cost profit, the company’s version of net profit, for the third quarter of 2018 was $3.8 billion, more than

Japan power companies use less LNG in July

30 Oct No Comments gregsamuel_e5x9azx4 LNG World News

For illustration purposes only (Image courtesy of Tokyo Electric Power) Liquefied natural gas (LNG) use by Japan’s power companies declined by 2.1 percent in July when compared to the same month a year ago, the preliminary data from the Ministry of Economy, Trade and Industry shows. The power companies consumed

Eni and Total join forces to explore off Algeria

30 Oct No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Eni Italian energy company Eni and its French peer Total have signed a deal to jointly explore for oil and gas in Algeria. The duo signed a deal with state-owned Algerian energy company Sonatrach to pursue offshore exploration in the country while working together on exploration permits.

Pieridae’s Goldboro LNG eligible for German loan

29 Oct No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Goldboro LNG Pieridae Energy said its proposed financing of upstream activities within the Goldboro LNG project has received a written confirmation of eligibility in principle for up to $1.5 billion of loan guarantee by the German federal government. The confirmation is a step towards the completion of Pieridae’s acquisition

McDermott to partner with Saipem on Rio Grande LNG bid

29 Oct No Comments gregsamuel_e5x9azx4 LNG World News

The proposed Rio Grande LNG export facility (Image courtesy of NextDecade) McDermott International on Monday said it plans to partner with the Italian oil and gas industry contractor Saipem to bid for NextDecade’s planned Rio Grande LNG project in Brownsville, Texas. David Dickson, president and CEO of McDermott, said, “pursuant

GTT’s nine-month revenue climbs as LNG ship orders flood in

29 Oct No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of GTT / Roland Mouron French liquefied natural gas containment system specialist, GTT, posted a 7.1 percent rise in nine-month revenue as the company expects the year to be a record one.  Revenue for the nine months of 2018 reached €184 million ($209.1 million), compared to €171 million

BW’s first MEGI LNG carrier starts work for Total

29 Oct No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of BW LNG BW LNG’s first M-type, Electronically Controlled, Gas Injection (MEGI) LNG vessel has recently started a long-term charter with French energy giant Total. The 173,400-cbm BW Tulip started the charter with Total on October 10, BW LNG, a unit of the Singapore-based gas shipping giant BW Group

Texas LNG receives draft environmental impact statement

29 Oct No Comments gregsamuel_e5x9azx4 LNG World News

An artist impression of the proposed Texas LNG facility (Image courtesy of Texas LNG) The United States Federal Energy Regulatory Commission has issued the draft environmental impact statement for the proposed Texas LNG export facility located in the Port of Brownsville, Texas. The DEIS is another step towards the final

GTT scores SHI tank order for NYK LNG carrier

29 Oct No Comments gregsamuel_e5x9azx4 LNG World News

For illustration purposes only (Image courtesy of GTT) French LNG containment specialist GTT has won a new order from South Korea’s Samsung Heavy Industries for the design of the tanks of a 174,400-cbm liquefied natural gas carrier. Samsung Heavy will build the LNG carrier on behalf of the Japanese shipping giant

LNG Limited delays Magnolia FID

29 Oct No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of LNG Limited Perth-based Liquefied Natural Gas Limited has pushed back the final investment decision for its Magnolia LNG export project in Louisiana to the first half of 2019.  In the company’s quarterly report, managing director and CEO Gregory Vesey stated that the company focused on efforts to sign

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