Norwegian LNG transportation provider Awilco returned to profit in the first quarter of the year. The company reported a $2.7 million profit for the quarter under review. This compares to a $4.7 million loss reported in the previous quarter. Freight income for the quarter was $14.0, down from $17.2 in
The Hague-based LNG giant Shell has reached an agreement with U.S. firm National Fuel Gas Company to sell its Appalachia shale gas position for $541 million. Shell will sell the assets via its unit SWEPI. The deal includes about 350 producing Marcellus and Utica wells across about 450,000 net leasehold
The Freeport LNG export project led by billionaire Michael Smith said it has launched commercial operations for the third liquefaction train at its facility in Texas. Image courtesy of Freeport LNG The third trains’ operations started on Friday with the beginning of liquefaction services to France’s Total and Korea’s SK
Keppel Nantong Shipyard in China has recently launched the second liquefied natural gas vessel for small-scale player Avenir LNG. The 7500 cubic meter LNG carrier with a ship-to-ship bunkering capability was launched on April 11, according to the Italian ship designer Marine Engineering Services. London-based Avenir LNG, a joint venture
Australian LNG Marine Fuel Institute (LNG MFI) praised Pilbara Port Authority for issuing ship-to-ship LNG bunkering licence to Woodside. LNG MFI chief executive officer Margot Matthews noted PPA and Woodside have executed non-exclusive licences to provide ship-to-ship LNG bunkering services at the ports of Port Hedland and Dampier, the first
Cash-strapped LNG Limited has appointed voluntary administrators as the Australian company is going through difficult times. The developer of two US LNG export projects and one in Canada said in a statement that it appointed PricewaterhouseCoopers Australia on 30 April. “The voluntary administrators are reviewing the company’s business and assets
Nasdaq-listed Golar LNG Partners has appointed Karl Fredrik Staubo as its interim chief executive officer. Golar LNG Partners current CEO Graham Robjohns announced in October last year he was to step down on April 30, 2020. Robjohns also stepped down as chief financial officer and deputy CEO of parent company
Hamburg-based Nauticor said its bunker vessel Kairos completed the bunkering of DEME’s LNG-fueled dredged Scheldt River. Image courtesy of Nauticor The operation was completed at the Brunsbüttel port, with Nauticor cooperating with Brunsbüttel Ports and DEME Group on the operation. Nauticor reminded that the first ship-to-ship LNG bunkering operation took
