Image courtesy of Awilco LNG Norwegian LNG transportation provider Awilco has tightened its losses during the fourth quarter and the full-year 2018. The company’s quarterly loss eased from $4.8 million in the third quarter to $1.2 million in the quarter under review. Awilco LNG said in its report on Thursday
zoomIllustration purposes only (Image courtesy of ExxonMobil) ExxonMobil and Qatar Petroleum have made a natural gas discovery on the Glaucus-1 prospect, located in Block 10 in the Eastern Mediterranean, approximately 180 kilometers southwest from Limassol port, offshore Cyprus. The Glaucus-1 well encountered approximately 133 meters of gas-bearing reservoir, Qatar Petroleum
zoomImage courtesy of Golar LNG LNG shipper Golar reported a net loss in the fourth quarter of 2018, impacted by derivative losses and an impairment charge on investment in Golar LNG Partners. The company noted its net loss reached $313 million, compared to a $66.2 million profit in the previous quarter. The
Image courtesy of Vitol Korea Midland Power (KOMIPO) and Vitol Asia have signed a memorandum of understanding (MOU) on cooperation in various sectors including liquefied natural gas. The two companies are also aiming to explore upstream, midstream and downstream project opportunities. Under an existing long-term supply and purchase agreement (SPA), signed
Image courtesy of Damen Dutch shipbuilding giant Damen has brought Europe’s first conversion of a dredger to dual-fuel capability combining LNG and MGO is close to completion, 19 months after the contract was awarded. The conversion of Dragages-Ports’ 117m-long, 8500-cbm trailing suction hopper dredger Samuel de Champlain is the first conversion of its
zoomImage courtesy of GTT / Roland Mouron French liquefied natural gas containment system specialist, GTT, posted a 2.2 percent rise in revenue for the year 2018. The company’s revenue reached €245.9 million ($280.2 million), with GTT adding that its net profit for the period reached €142.8 million, 15.1 percent above
Image courtesy of Enagás Spanish LNG terminal operator, Enagás a net profit of €442.6 million ($504 million) in 2018, a 1 percent increase over 2017 figures, reaching its target for the twelfth consecutive year. Enagás said that its investments in 2018 included its contribution to the construction of the Trans Adriatic
Illustration purposes only (Image courtesy of Golar LNG) Singapore’s Keppel Corporation, through its First FLNG Holdings unit, has agreed to acquire 30 percent interest in Golar LNG’s entity owning the Gimi floating liquefied natural gas vessel. Golar LNG a 20-year lease and operate deal with BP to provide a floating
Image courtesy of BP Oil and gas giant BP has produced first gas from its Angelin development offshore Trinidad and Tobago. BP said on Tuesday that its subsidiary BP Trinidad and Tobago (bpTT) achieved first gas from Angelin on time and under budget. The Angelin development, originally discovered by the
Illustration purposes only (Image courtesy of Santos) Australian companies Santos and Perdaman have signed a non-binding agreement for the supply of 14.5PJ of natural gas per annum over 20 years. Santos said on Wednesday that the agreement was subject to a final investment decision for the Narrabri Gas Project. The
zoomTortue development (Image courtesy of BP) The Bermuda-based LNG shipping giant Golar LNG has entered into a lease and operating agreement with BP for the charter of an FLNG unit to service the Greater Tortue Ahmeyim project located offshore Mauritania and Senegal. Golar LNG said on Tuesday that the LOA