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ConocoPhillips back to profit in Q4

2 Feb No Comments gregsamuel_e5x9azx4 LNG World News

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

Video: road to delivery of LNG carrier Patris

2 Feb No Comments gregsamuel_e5x9azx4 LNG World News

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

US LNG exports rise on week

2 Feb No Comments gregsamuel_e5x9azx4 LNG World News

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

Chevron makes executive changes

2 Feb No Comments gregsamuel_e5x9azx4 LNG World News

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

Teekay takes delivery of its 1st Arctic LNG tanker

1 Feb No Comments gregsamuel_e5x9azx4 LNG World News

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

Croatia moving forward with Krk LNG import project

1 Feb No Comments gregsamuel_e5x9azx4 LNG World News

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

Van Oord launches its first LNG-powered vessel

1 Feb No Comments gregsamuel_e5x9azx4 LNG World News

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

Shell’s Q4 profit surges, LNG sales rise

1 Feb No Comments gregsamuel_e5x9azx4 LNG World News

zoomBen van Beurden Profits at the Hague-based LNG giant Shell more than doubled in the fourth quarter, driven by higher oil, gas and LNG prices. Shell’s earnings on a current cost of supplies (CCS) basis rose to $4.3 billion, or 47 cents per share, for the three months ending in

Construction starts on Port of Gothenburg LNG bunkering facility

1 Feb No Comments gregsamuel_e5x9azx4 LNG World News

Jill Söderwall from the Port of Gothenburg and Johan Zettergren from Swedegas broke ground for the new plant Construction of a liquefied natural gas (LNG) bunkering facility started at Sweden’s Port of Gothenburg. The facility will open up new opportunities for LNG-fuelled ships that call at the Gothenburg Energy Port.

Caterpillar CEO joins Chevron’s board

1 Feb No Comments gregsamuel_e5x9azx4 LNG World News

Jim Umpleby US energy giant and LNG player, Chevron said on Thursday that Jim Umpleby has been elected to the company’s board of directors.  Umpleby is the chief executive officer and a member of the board of directors of Caterpillar. The appointment to Chevron’s board is effective March 1, 2018,

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