zoomGreater Tortue Ahmeyim FLNG rendering (Image courtesy of Kosmos) Dallas-based Kosmos Energy reported a net profit of $186 million during the fourth quarter of 2018, compared to a net loss of $122 million in the corresponding quarter in 2017. Fourth quarter 2018 sales volumes hit 5.1 million barrels of oil equivalent
Prelude FLNG (Image courtesy of Shell) Strong demand for cleaner-burning fuel in Asia continued to drive rapid growth in liquefied natural gas (LNG) use in 2018, with global demand rising by 27 million tonnes to 319 million tonnes, according to Shell’s latest annual LNG Outlook. Shell said last Friday that
zoomImage courtesy of Polskie LNG Tractebel, an Engie company, has been appointed to provide technical consulting services to Polskie LNG for its LNG terminal expansion program at Świnoujście in Poland. Polskie LNG is the operator and owner of the President Lech Kaczyński’s LNG terminal in Świnoujście. The company launched the construction
For illustration purposes only (Image courtesy of DSME) South Korea’s shipbuilding giant Daewoo Shipbuilding & Marine Engineering (DSME) has received another order to build liquefied natural gas (LNG) carriers for Greek shipping company Maran Gas Maritime, a unit of Angelicoussis Shipping Group. DSME said on Monday it would build two
The christening ceremony (Image courtesy of Crowley) Crowley Maritime’s new liquefied natural gas (LNG)-powered container/roll on-roll off ship Taíno has been christened in San Juan, Puerto Rico. Crowley Maritime said on Friday that Taíno was among the first of its kind to be powered by liquefied natural gas (LNG), like
Image courtesy of MOL Mitsui O.S.K. Lines (MOL) has signed a long-term charter contract to operate a 12,000-cbm liquefied natural gas bunkering vessel in Singapore with Pavilion Gas, a Pavilion Energy company. Demand for LNG as bunker fuel is expected to grow on a global scale as stricter SOx regulations take
Image courtesy of EPIK EPIK, a South Korean LNG project developer, signed a strategic partnership agreement with Hyundai LNG Shipping on FSRU collaboration. The agreement lays out a framework for the two companies to work together in the development of FSRU projects around the globe, including, EPIK’s recently secured Newcastle
Excelerate’s FSRU Exemplar and Equinor’s LNG carrier Arctic Voyager (Image courtesy of Excelerate Energy) Anadarko signs Mozambique LNG SPA with Pertamina The Woodlands-based Anadarko Petroleum said it has firmed up another Mozambique LNG sale and purchase agreement, agreeing to supply 1 mtpa to Indonesia’s state-owned oil and gas company Pertamina. SEA\LNG
Image courtesy of Port of Rotterdam Port of Rotterdam reported the throughput of LNG as bunker fuel increased considerably from 1,500 tonnes in 2017 to 9,500 tonnes in 2018. “Titan LNG, Shell and Anthony Veder have now also registered as LNG bunker specialists in the Rotterdam port. The Port Authority is expecting
Teekay LNG Partners, one of the world’s largest owners of LNG carriers, recently completed its Shell-chartered quartet with the delivery of the Pan Africa. The partnership recently released a video of the fourth vessel in the series completing its sea trials following the construction at the Chinese Hudong-Zhonghua shipyard.
zoomImage courtesy of Teekay LNG Bahrain’s first LNG floating storage unit (FSU), the Bahrain Spirit, reportedly arrived in the Persian Gulf this week. Citing data from Refinitiv Eikon, Reuters said that the Bahrain Spirit FSU, with 173,000 cubic meters of capacity, was currently anchored in Fujairah after docking in the
zoomGlobal LNG Orderbook by Value (Image courtesy of VesselsValue) The planned merger between Hyundai Heavy Industries and Daewoo Shipbuilding and Marine Engineering could consolidate a significant portion of the outstanding orderbook of LNG vessels. The importance of the merger goes well beyond this market segment, but the growing importance of