Image courtesy of McDermott McDermott International could be filing for bankruptcy over the course of next week. Citing people close to the matter, Bloomberg reports the company is looking into a restructuring plan to convert its debt into equity. The majority of the shares will be owned by the group
zoomImage courtesy of Höegh LNG Norway-based floating LNG giant Höegh LNG said it has refinanced its Nordic bond maturing in June with two new debt facilities. Refinancing of the Nordic bond maturing in June has been completed with two debt facilities, a new and smaller Nordic bond and a revolving
zoomImage courtesy of Chantiers de l’Atlantique MSC Cruises and Chantiers de l’Atlantique have signed firm contracts for the construction of third and fourth LNG-powered MSC World Class ships. The vessels are scheduled for delivery in 2025 and 2027, Chantiers de l’Atlantique said in its statement. The first of the initial
Image courtesy of Wärtsilä Norway’s Eidesvik Offshore has secured a five-year deal from Equinor Energy for its LNG-fueled platform supply vessel (PSV) Viking Energy. The contract includes options for extension, Eidesvik said in its statement. Viking Energy is the world’s first LNG-fueled PSV, with an overall length of 94.9 meters
zoomImage courtesy of Elengy French LNG terminal operator Elengy said the Fos Tonkin facility will continue operations until 2028. The operator said that following its call for subscriptions in February last year, for capacity at the facility post-2020, the proposed regasification capacity of 1.5 billion cubic meters per year has
Image courtesy of Petronas Malaysian energy giant Petronas has signed a heads of agreement with Shenergy Group Company to supply approximately 1.5 mtpa of liquefied natural gas (LNG) to its Wuhaogou receiving terminal in China. The LNG supply agreement signed through Petronas’ unit, Petronas LNG, is for a 12-year term
Image courtesy of Qatargas Eni: Coral Sul FLNG hull launched Italian energy conglomerate Eni and its Area 4 partners launched the hull of the Coral Sul floating liquefied natural gas (FLNG) treatment and liquefaction facility at the Samsung Heavy Industries shipyard in Geoje, South Korea. Qatargas delivers its first cargo
Image courtesy of Freeport LNG Freeport LNG said it has started commercial operations at the second liquefaction train, of its three-train facility, on Quintana Island, near Freeport, Texas. Operations started with the commencement of gas deliveries from BP under its 20-year tolling agreement with Freeport. Freeport LNG’s train 1 began
zoomImage courtesy of Cheniere The U.S. Energy Information Administration’s (EIA) forecasts the United States to remain a net exporter of natural gas through 2021. In its Short-Term Energy Outlook (STEO), EIA said net natural gas exports are forecast to average 7.3 billion cubic feet per day (Bcf/d) in 2020 and
Illustration purposes only (Image courtesy of TechnipFMC) TechnipFMC said it is on track to separate into two companies, TechnipFMC and Technip Energies, in the first half of 2020. The company anticipates completing the transaction in the second quarter of 2020 and intends to host a Capital Markets event in Paris
zoomImage courtesy of Wärtsilä The Finnish technology group Wärtsilä has been contracted to supply solutions to Chantiers de l‘Atlantique, France, for the first two World Class cruise vessels being built for Geneva, Switzerland-based MSC Cruises. The ships will operate on LNG fuel and will be the first two cruise ships
