US LNG equipment maker Chart Industries on Thursday reported a jump in first-quarter profit. The company reported a net income of $8.5 million in the quarter. This compares to $0.9 million in the corresponding quarter in 2019, and $12.4 million in the previous quarter. First-quarter 2020 orders of $304.3 million
Finnish technology group Wärtsilä has received an order to develop a design for up to six new luxury expedition cruise vessels to be owned and operated by Amundsen Expeditions. Photo: Wärtsilä As informed, the 200-passenger newbuilds are primarily intended for the growing Chinese market. The design order with Wärtsilä was
Sound Energy said Thursday it could delay a project aimed at developing a small-scale liquefied natural gas facility in Morocco due to the uncertainty created by the Covid-19 coronavirus pandemic. The Morocco-focused upstream gas company announced plans earlier this year for the micro-LNG project to be fed with gas from
Compressor Controls Corporation (CCC) secured multiple contracts for Novatek’s Arctic LNG 2 project. Illustration purposes only (Image courtesy of Novatek) CCC, a liquefied natural gas turbomachinery controls specialist, is a division of Roper Technologies. The company previously cooperated with Novatek on turbomachinery optimization and standardization for the Yamal LNG project.
TechnipFMC has reported first-quarter 2020 loss of $3.25 billion or $7.28 per diluted share against $21 million profit same time last year. The services major has seen the results affected by after-tax charges and credits totaling $7.17 per share, primarily driven by non-cash impairment charges. TechnipFMC warned the market on
Australian gas producer and GLNG operator, Santos reported a 13 per cent decrease in revenue, affected by the slump in oil and gas prices. Santos sales revenue for the January-March quarter fell to $883 million from $1.02 billion a year ago. The Australian company produced 17.9 million barrels of oil
The study commissioned by DeepGreen examines how we can source the massive amount of mineral resources required for a wholesale move away from fossil fuels with the least amount of damage to the planet. As calls for a transition to renewable energy and electric transport grow louder in the face
The Maritime and Port Authority of Singapore (MPA) has awarded two new bunker supplier licences to Minerva Bunkering and TFG Marine, following its call for applications for new licences in December 2019. “These two new players will increase the supply of marine fuel that is compliant with the International Maritime
State-run Qatar Petroleum said Wednesday it has entered into a deal to reserve LNG ship construction capacity in China to be used for ongoing North Field expansion projects. Image courtesy of Qatar Petroleum QP signed the deal with Hudong-Zhonghua Shipbuilding, a unit of China State Shipbuilding Corporation. The deal potentially
German container shipping major Hapag-Lloyd has cut its CO2 emissions per TEU kilometre by 50 percent when compared to the reference year of 2008, the company said. The goal was achieved through economies of scale as the company introduced bigger and more efficient ships with improved water resistance on its
