Image courtesy of Höegh LNG Norway-based floating LNG giant Höegh LNG reached for mitigating measures to cope with the effects of COVID-19 outbreak and continue operations. The company informed in its statement that it has established a COVID-19 task force to monitor the situation and perform relevant risk assessment on
zoomImage courtesy of Equinor Norwegian energy company and LNG player Equinor has set forth a cost reduction plan to fight the effects of the COVID-19 outbreak. The company noted on Wednesday it has updated its outlook for 2020, cutting capex from $10-11 million to $8.5 million, a 20 percent reduction.
zoom The energy transition is one of the greatest challenges of our time. A large part of the energy transition takes place at sea and sustainable innovations reshape the maritime sector. Our communities, the offshore, maritime and energy industry, are front runners in this change. Navingo believes that these communities
zoomImage courtesy of Polskie LNG Polskie LNG S.A., the owner and the operator of the President Lech Kaczyński LNG terminal has launched the 2020 Open Season procedure. The operator is calling the market participants to enter into binding contracts for the regasification services and additional services with the LNG terminal
zoomImage courtesy of Chevron The US-based energy major has cut its 2020 spending by 20 percent to $16 billion as it braces for the effects of the COVID-19 outbreak. Chevron noted that the reductions are expected to occur across its portfolio, estimating a $2 billion reduction in upstream unconventionals, primarily
Image courtesy of Heerema Heerema Marine Contractors’ semi-submersible crane vessel and the world’s first LNG-powered construction vessel, Sleipnir, has arrived in the Port of Rotterdam. Kolga, Heerema’s newly upgraded tug, joined Sleipnir at sea to guide the vessel into the Caland Canal, Heerema said in its statement marking the milestone
Image courtesy of Golar LNG Golar LNG’s joint venture with Stonepeak Infrastructure Partners, Golar Power Limited, has reached COD on the 1.5GW Porto de Sergipe I power project. On March 21 Golar Power received its commercial operations certificate from the Brazilian Electricity Regulatory Agency ANEEL, allowing the commercial operations to
Illustration purposes only (Image courtesy of Nauticor) Hamburg-based Nauticor, a Linde Group Company said that the world’s largest LNG bunker vessel Kairos completed the second LNG ship-to-ship bunkering operation in the port of Rostock. The vessel supplied liquefied natural gas to DEME’s offshore installation vessel Orion, the company said in
Image courtesy of Svitzer Towage specialist Svitzer, a part of Maersk, has bagged a ten-year extension of its marine service deal with Sakhalin Energy, the operator of the Sakhalin 2 project. The facility, set up to export oil and LNG, is Russia’s first liquefied natural gas export facility with a
zoomImage courtesy of Woodside The value of Australia’s LNG exports is forecast to decline to $49 billion in 2019–20 and fall back further to $44 billion in 2020–21, in real terms, driven by declining oil-linked contract prices. Australia’s LNG export earnings are projected to remain in the $44 to $47
