Italian energy giant Eni has announced a major overhaul of its business as it steps up efforts toward energy transition. Claudio Descalzi (Image: Eni) The company will create two business units with one focused on oil and gas called “Natural Resources” and the second new unit which will focus mainly
Greece-based Dynagas LNG Partners, a partnership formed by shipowner Dynagas, reported a rise in its first-quarter profit boosted by higher voyage revenues. LNG carrier Lena River (Image: Dynagas LNG partners) Net income for the three months ended March 31 increased to $7 million as compared to $1.9 million in the
The United States exported less liquefied natural gas cargoes in the week ending June 3 when compared to the week before, according to the Energy Information Administration. Image courtesy of Cheniere The agency said in its weekly gas natural gas report that five US terminals dispatched ten LNG cargoes between
Poland’s dominant gas firm and LNG importer PGNiG reported a 29 per cent lower net profit in the first quarter, hit by impairments. Swinoujscie LNG terminal (Image: PGNiG) Quarterly net profit stood at 779 million Zlotys ($196m) when compared to 1.1 billion Zlotys in the January-March period last year. Revenue
Cash-strapped LNG Limited has finally agreed the sale of its Magnolia liquefied natural gas export project at the third time of asking. Courtesy of LNG Limited Namely, the deal agreed in May with UK-based privately held company Global Energy Megatrend fell through, the company’s administrators PricewaterhouseCoopers noted in a statement.
The Nordic energy company Gasum completed a liquefied natural gas (LNG) bunkering for Heerema’s Sleipnir, in Åmøyfjorden, Norway. Courtesy of Heerema Gasum performed the LNG bunkering at the beginning of May for the largest semi-submersible crane vessel in the world, which has a lifting capacity of 20,000 tonnes. Sleipnir will
China’s Jiangnan Shipyard in Shanghai has completed the installation of the first GTT tank onboard CMA CGM’s 23,000-TEU LNG-powered containership. Teams from Jiangnan Shipyard, Gabadi and GTT inside the 18,600 cbm tank (Image: GTT) The Chinese yard has entrusted Spain’s Gabadi, an outfitter licensed by French LNG containment specialist GTT,
Renewi, Nordsol and Shell have formed a partnership to jointly produce bio-LNG. Courtesy of Nordsol This collaboration aims to contribute to the circular economy and completes the cycle of turning organic waste into a sustainable fuel for long haul transport, Renewi said in its statement. Renewi collects organic waste throughout
Malaysian energy giant Petronas said Thursday it has recently completed its maiden delivery of liquefied natural gas to Yangon, Myanmar. Image courtesy of Petronas The company delivered two LNG cargoes in May and June as part of a master sale and purchase agreement between Petronas LNG unit and CNTIC VPower
China will build its first liquefied natural gas bunkering center for international vessels in the city of Shenzhen as part of a deal signed on Wednesday. The signing ceremony (Image: Yantian Port Group) The project is a joint effort that includes Yantian Port Group, state-owned energy giant PetroChina, and city
Geneva-headquartered commodities trading house Gunvor reported a rise in trading volumes for the year 2019. Courtesy of Gunvor Total trading volumes increased to 198 million MT from 184 million MT the year prior, mainly due to an increase in the trading of natural gas and liquefied natural gas. Gunvor noted
2 June 2020 saw the launch of Zero Emission Services B.V. (ZES), a new company that helps increase the sustainability of the inland shipping sector by leasing exchangeable battery containers — known as ZES-Packs — to businesses in inland shipping. ZES partners are committed to promoting emissions-free operations for inland