Press

Home » Press»Page 718

Harvey Gulf names new board

3 Aug No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Shell Harvey Gulf International Marine’s parent, HGIM Corp., appointed a new board of directors to serve following the company’s emergence from Chapter 11 proceedings. The seven-member board includes two current members remaining on the board and five new members, the company said in a statement. Shane Guidry

ConocoPhillips sells Barnett shale interest

3 Aug No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of ConocoPhillips Houston-based ConocoPhillips has agreed to sell its interest in the Barnett shale play to Lime Rock Resources.  According to the company’s statement, the transaction is valued at approximately $230 million. Proceeds from this transaction will be used for general corporate purposes, ConocoPhillips said. Production associated with the

NYK conducts LNG carrier crisis-response drill

3 Aug No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of NYK Line NYK Line said that, as part of its safety campaign, it conducted a crisis-response drill based on the scenario of a serious accident occurring on the company-owned LNG carrier.  The drill was carried out in partnership with  the Maritime Bureau within Japan’s Ministry of Land, Infrastructure,

Weather-delayed Bangladesh LNG terminal to begin ops

2 Aug No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Qatargas FSRU Excellence that has delivered the commissioning cargo to Bangladesh Oil, Gas and Mineral Corporation (Petrobangla) in April could finally spring into action.  The vessel is expected to start operation within a week at the Moheshkhali Island enabling Bangladesh to import liquefied natural gas and feed it to

GasLog posts second-quarter loss

2 Aug No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of GasLog Monaco-based LNG shipper GasLog plunged into a loss during the second quarter following a profit in the first quarter of the year. Gaslog reported a $3.6 million net loss for the second quarter, after posting a $19.3 million profit in the first quarter, although the loss narrowed

Video: Höegh LNG launches tenth FSRU

2 Aug No Comments gregsamuel_e5x9azx4 LNG World News

Norway-based floating LNG giant Höegh LNG launched its tenth floating storage and regasification unit (FSRU) at the Samsung Heavy Industries shipyard in South Korea. The vessel, that as can be seen in the video will be named Höegh Galleon, will have a storage capacity of 170,000 cubic meters, featuring GTT’s Mark III membrane

Sinopec allowed to expand Shandong LNG terminal

2 Aug No Comments gregsamuel_e5x9azx4 LNG World News

Illustration only. Image source: Pixabay under CC0 Creative Commons license. China Petrochemical Corporation (Sinopec) has received approval by the Shandong province to expand its liquefied natural gas terminal. When the approved expansion is complete the facility located in the port of Qingdao will have the capacity to handle 7 million tons

Petronas delivers first LNG cargo to Japan’s Hokkaido Electric

2 Aug No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Hokkaido Electric Malaysian energy giant Petronas delivered on Wednesday its first liquefied natural gas (LNG) cargo to Japan’s Hokkaido Electric Power. This delivery marks the beginning of Malaysia LNG’s, which is a unit of Petronas, supply to Hokkaido Electric via a 10-year deal signed back in March

Sakhalin Energy charters LNG newbuild

2 Aug No Comments gregsamuel_e5x9azx4 LNG World News

Seri Cemara (Image courtesy of MISC) Sakhalin Energy said it has chartered the Seri Cemara liquefied natural gas carrier late last month to serve an Asia Pacific buyer.  The company said the vessel capable of transporting 150,200 cubic meters of the chilled fuel has been chartered as a temporary replacement of

Teekay LNG swings to profit

2 Aug No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Teekay Teekay LNG Partners, one of the world’s largest owners of LNG carriers, swung back to profit in the second quarter of 2018. The partnership reported a net income of $2.7 million for the quarter under review, compared to a net loss of $6.9 million in the

CNOOC kicks off operation at its Shenzhen LNG terminal

1 Aug No Comments gregsamuel_e5x9azx4 LNG World News

Illustration only. Image source: Pixabay under CC0 Creative Commons license. China National Offshore Oil Corp (CNOOC) has reportedly launched its liquefied natural gas (LNG) terminal in Shenzhen.  Chinese media reported the terminal in the Guangdong province is the ninth such facility for CNOOC. The facility will be providing 17 million

Trader Gunvor tops in Pakistan LNG tender

1 Aug No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Pakistan LNG Gunvor, one of the world’s largest commodities trading houses, has emerged as a winner in a tender to supply Pakistan with five liquefied natural gas (LNG) cargoes in September and October. The trading company submitted the most competitive offers for two of the five cargoes sought by state-owned company

© 2018 Lloyds Energy