zoomImage courtesy of GasLog Monaco-based LNG shipper GasLog reported a $10.9 million loss for the first quarter of 2019, relatively weak LNG commodity and shipping markets. The company noted in its report the loss, which compares to a $19.3 million profit, is mainly due to the unfavorable movement in mark-to-market
Image courtesy of Brittany Ferries French shipping company Brittany Ferries noted that its LNG-powered cruise ferry Honfleur will certainly miss the start of the summer 2019 season, the original delivery date. In a brief update on the Honfleur project website, Brittany Ferries said the vessel will not be delivered on
zoomImage courtesy of Gasum Finish energy company Gasum reported a 2 percent rise in revenue boosted by “exceptionally cold spell” during the period. Revenue figures hit €396.6 million ($442.4 million) which compares to €390.5 million in the first three months of 2018. Speaking of the results, Gasum’s CEO Johanna Lamminen
Image courtesy of Lloyd’s Register Hyundai Mipo Dockyard (HMD) has received approval in principle (AiP) from Lloyd’s Register for an LNG-fueled 50,000-dwt class MR tanker design. To aid compliance with the global sulphur in fuel oil limit of 0.50% m/m, which comes into effect on 1 January 2020, HMD has
Image courtesy of Shell The Hague-based LNG giant Shell expects to ship its first cargo of the chilled fuel from its giant Prelude floating LNG facility located offshore Western Australia. The facility has already shipped the first cargo of condensate in March. Speaking to the media during the presentation of
Image courtesy of GasLog Monaco-based LNG shipper GasLog said it has held a keel laying ceremony for its liquefied natural gas carrier currently under construction at the South Korean Samsung Heavy Industries shipyard. According to GasLog’s website The vessel with the hull number 2274 will be capable of transporting 180,000
Port Arthur LNG (Image courtesy of Sempra Energy) Sempra Energy’s unit Port Arthur LNG has received authorization to export around 13.5 million tonnes per year of domestic-produced LNG to countries that do not have a free-trade agreement (FTA) with the U.S. Sempra Energy said that U.S. Secretary of Energy Rick
Illustration purposes only (Image courtesy of SHI) South Korean shipbuilder Samsung Heavy Industries has booked a new order for a liquefied natural gas carrier. The company said in a brief statement the order worth 222 billion South Korean Won ($189.7 million) from an unnamed shipowner. This brings the company’s order
zoomImage courtesy of Tellurian US LNG export project developer, Tellurian has been issued a liquefied natural gas export approval by the United States (U.S.) Department of Energy (DOE). The DOE’s Office of Fossil Energy has issued the long-term authorization for Tellurian’s Driftwood LNG to export domestically produced liquefied natural gas
zoomImage courtesy of Wintershall Dea German duo Wintershall Holding and DEA Deutsche Erdoel AG (DEA) have completed the merger of the two companies creating a European independent gas and oil giant. The merger agreed in September last year has been completed in on May 1 following the approvals by all
zoomSaad Sherida Al-Kaabi, Minister of State for Energy Affairs, the president and CEO of QP; Image courtesy of QP LNG giant Qatar Petroleum (QP) has awarded contracts for eight offshore drilling rigs for work on its North Field Expansion project. Qatar Petroleum said that eight offshore jack-up drilling rigs were
zoomShell CEO Ben van Beurden (Image courtesy of Shell) The Hague-based LNG giant Shell saw its first-quarter net profit edge down slightly as a result of lower realized oil prices. The company reported a net profit of $5.3 billion, 2 percent below the $5.5 billion reported in the first quarter