Image courtesy of Chart Chart Industries unveiled its IPSMR+ process technology for liquefied natural gas which builds on the company’s previous IPSMR process technology. Chart said in its statement the additional features of IPSMR+ will further lower power consumption, reduce plant emissions and lower plant cost per ton. The technology
Image courtesy of Carnival Corporation Carnival Corporation said that its Germany-based AIDA Cruises brand saw the arrival of the world’s first cruise ship powered by LNG, AIDAnova, in Barcelona, where it completed first liquefied natural gas bunkering in the Mediterranean. Currently, alongside Palma de Mallorca, Barcelona is the second start-and-
Illustration purposes only (Image courtesy of Freeport LNG) Bechtel, Fluor bid for Rio Grande LNG EPC deals US LNG export project developer NextDecade said it has received bid packages from each of Bechtel and Fluor for its 27 mtpa Rio Grande LNG in Brownsville, Texas. Qatar Petroleum issues 100 LNG
Image courtesy of ExxonMobil US energy giant ExxonMobil’s profit tumbled 49 percent in the first quarter reaching $2.4 billion due to “challenging downstream and chemical margin environments.” Oil-equivalent production was 4 million barrels per day, up 2 percent from the first quarter of 2018. Excluding entitlement effects and divestments, oil-equivalent production was
Illustration purposes only (Image courtesy of Novatek) Novatek, Russia’s largest private gas producer, reported a soaring profit in the first quarter of 2019. The company reported a net profit of 381.8 billion Russian rubles ($5.9 billion), up from 43.1 billion Russian rubles in the corresponding quarter of the previous year.
Image courtesy of Klaipedos Nafta Lithuanian liquefied natural gas (LNG) import terminal operator, Klaipedos Nafta, has put up for grab regasification capacity at the facility for the upcoming gas year. According to the company’s statement, the terminal capacity allocation procedure is open with users invited to submit requests by May
Image courtesy of Exmar Belgium’s Exmar, the Nicolas Savery-led shipowner, reported a plunge into the red in the first quarter of the year. The company reported a loss of $11.4 million, which compares to $21.4 million in the corresponding quarter in 2018. Exmar’s LNG infrastructure division posted a $3 million
Image courtesy of Cheniere Liquefied natural gas exports from the United States have increased during the previous week, the data from the U.S. Energy Information Administration shows. According to EIA, a total of eight vessels departed the U.S. LNG export facilities with a combined carrying capacity of 28.4 Billion cubic
zoomImage courtesy of GasLog LNG Partners GasLog Partners, the New York-listed spinoff of LNG shipper GasLog, reported a slide in profit for the first quarter of 2019. In its latest report, the partnership reported a 45 percent drop from $37.3 million in the first quarter of 2018 to $20.4 million
Image courtesy of Gazprom Russian giant Gazprom discussed the development prospects of the Chinese gas market with CNPC. Gazprom’s head Alexey Miller and CNPC chairman Wang Yilin discussed strategic aspects of cooperation between the two companies, paying particular attention to gas supplies. It was noted that the preparation of facilities for Russian gas
zoomImage courtesy of Anadarko Anadarko Petroleum confirmed that it has received an unsolicited proposal from Occidental Petroleum telling its shareholders to take no action before the review of the bid is completed. To remind, Occidental submitted a bid under which Anadarko shareholders would receive $38.00 in cash and 0.6094 shares
