Press

Six One Commodities LLC (61C) today announced that it is expanding its power and gas business to Europe with the addition of a power team out of Berlin lead by Ingo Klause. Mr. Klause has over 20 years of experience in the CWE region for power trading. He worked for …

Australian giant Santos has welcomed the New South Wales Independent Planning Commission’s (IPC) decision to give green light to the Narrabri Gas Project. According to Santos, the company will accept the conditions proposed by the IPC and will now work with the Federal Department of Agriculture, Water and Environment as …

Oil major Shell has confirmed plans to cut between 7,000 and 9,000 jobs in a push to save up to $2.5 billion by 2022. Shell CEO Ben van Beurden; Source: Shell Reduced organisational complexity, along with other measures, is expected to deliver sustainable annual cost savings of between $2 to …

Baker Hughes has received an order from longtime partner Qatar Petroleum to supply multiple main refrigerant compressors (MRCs) for Qatar Petroleum’s North Field East (NFE) project, executed by Qatargas. The total award is part of four LNG “mega trains,” representing 33 million tons per annum (MTPA) of additional capacity. This …

After a record 70 mmtpa of new LNG capacity was sanctioned in 2019, this year and 2021 had at least as much capacity lined up for final approval – instead, there’s a famine, Wood Mackenzie said. Wood Mackenzie said last week that developers, cash-strapped by the collapse in oil and …

India’s largest importer of liquefied natural gas Petronet LNG has bought an LNG spot cargo for November under the Platts West India Marker (WIM). S&P Global Platts, the provider of information and benchmark prices for the commodities and energy markets, said on Tuesday that the LNG cargo would be delivered …

Carnival Cruise Line’s LNG-powered XL-class newbuild Mardi Gras headed out to sea trials on Monday morning, Finland-based shipbuilder Meyer Turku said. The ship’s operations will be tested at sea for the next 10 days, after which it will return to the shipyard for a little while longer, the shipyard added. …

Norwegian energy giant Equinor has shut down its Hammerfest LNG export plant following a fire in an oil-powered turbine at the facility. Hammerfest LNG (Image: Einar Aslaksen/Equinor) Equinor said the incident occurred on Monday at about 15:30h local time with no injuries reported. Images on local media showed smoke rising …

Turkey’s floating power plant company Karpower International (Karpowership) has begun operation on its first LNG-to-Power project offshore Indonesia. Karpowership said that the powership Zeynep Sultan began power generation using LNG on 20 September after the successful conversion of its first two dual-fuel engines. The LNG is converted from liquid to …

European short sea carrier UECC will use its dual-fuel LNG PCTC vessels to deliver new trams for the City of Oslo, Norway. The first tram was loaded on the UECC dual-fuel LNG PCTC Auto Eco in Pasajes, Spain on September 11 of this year, then transshipped onto the conventionally powered M/V Spica Leader …

U.S. project development company Sycar, along with other private companies, has received authorisation from the Government of Ecuador to import industrial gas, gasoline, natural gas, diesel, jet fuel, avgas, absorbents, and other derivatives. Sycar said last week that the authorisation, received on 24 September 2020, for importing was for liquids …

LNG bunker tank being into Hapag-Lloyd’s Sajir; Image courtesy: Hapag-Lloyd The world’s first conversion of a large container ship to LNG as fuel has hit a major milestone as an LNG bunker tank was lifted into Hapag-Lloyd’s Sajir boxship at the Chinese shipyard Huarun Dadong Dockyard Co. The 6,500-cbm LNG …