zoomImage courtesy of Cheniere Houston-based LNG exporter Cheniere Energy reported a drop in earnings for the fourth quarter of 2018. The company reported a net income of $67 million for the fourth quarter of 2018, 47 percent below the net income of $127 million for the comparable 2017 period. The decrease in
Image courtesy of DEME Belgian dredging specialist DEME on Tuesday said its LNG-fueled trailing suction hopper dredger Bonny River has kicked off sea trials in the South China Sea. The vessel with a 15,000-cbm capacity is capable of dredging hard soil and is able to work in water depths up to 100
zoomImage courtesy of kremlin.ru Russia’s largest independent natural gas producer and LNG operator, Novatek is looking to revise its liquefied natural gas production plans, reaching 70 million tons per year by 2030. In a meeting with the Russian president Putin, Leonid Mikhelson, Novatek’s head said the current plans see for
Bintulu LNG (Image courtesy of Petronas) Malaysia’s Petronas said a fire broke out at on February 22, at its liquefied natural gas complex in Bintulu. The company noted in its statement the fire broke out at approximately 6:00 am at the sea cooling water outfall channel, outside of plant process area. “Our on-site
Energy Liberty/Image courtesy of Tokyo LNG Tanker Finnish technology group Wärtsilä has signed a long-term maintenance deal with Japanese LNG shipowner Tokyo LNG Tanker, a Tokyo Gas unit. Wärtsilä said on Tuesday that the deal entails a range of maintenance needs for three LNG carriers powered by Wärtsilä 50DF dual-fuel
zoomIllustration purpose only (Image courtesy of Pointe LNG) Pointe LNG, a newcomer to the industry, has signed an engineering and technical services agreement with KBR for its proposed LNG facility in Plaquemines Parish, Louisiana. KBR has been contracted to provide with front end engineering design (FEED) submittals and services required to
zoomIllustration purposes only (Image courtesy of Anadarko) Anadarko-led Mozambique LNG project came under attack by gunmen on two separate occasions with one resulting in a fatality, the Woodlands-based company said in its update. The project came under two related attacks on the road from Mocimboa da Praia to Afungi, some 20 kilometers
zoomImage courtesy of Sempra Energy U.S. energy company and LNG operator Sempra Energy is set to continue its North American strategy by shedding its South American businesses. The company said it is selling its 83.6-percent stake in Luz del Sur S.A.A. in Peru and 100 percent stake in Chilquinta Energía S.A. in Chile. The
Illustration purposes only (Image courtesy of Fluxys Belgium – P. Henderyckx) Belgian gas infrastructure company Fluxys on Tuesday said its chief financial officer Paul Tummers is set to leave the company on July 1. Tummers leaves the company “to pursue other professional goals,” Fluxys said in a statement. He has
Image courtesy of Chevron US-based energy major Chevron has reportedly restarted production from its third liquefaction train at the Gorgon LNG plant on Barrow Island in Western Australia. The unit was brought back online over the past weekend following an outage that lasted since mid-January when a mechanical issue caused a halt,
Image courtesy of Repsol Spanish energy giant Repsol, on Monday, said it carried four LNG bunkering operations at the ports of Cartagena and Ferrol during the current month. Repsol noted the operations are a part of its efforts to develop the LNG as a marine fuel supply business through both short
zoomImage courtesy of MISC Malaysian LNG shipping giant MISC, a unit of Petronas, said its revenue for the fourth quarter and full year 2018, both decreased over the corresponding periods in 2017. Group revenue for the fourth quarter of 2018 of 2.28 billion Malaysian ringgit ($587.26 million) was 3.1 percent