Image courtesy of OLT Offshore LNG Toscana Italy’s OLT Offshore LNG Toscana, the operator of the floating import terminal off the coast between Livorno and Pisa, said it has chosen the winner of an LNG cargo tender which attracted six offers. The tender launched on October 2 by OLT Offshore LNG Toscana
zoomFor illustration purposes only (Image courtesy of TechnipFMC) LNG engineer TechnipFMC reported a rise its third-quarter profit despite a decline in the company’s revenues. The company’s net income totaled $136.9 million, or $0.30 per share, a rise of 13.1 percent when compared to last year’s third quarter. Revenue was $3.1
Image courtesy of Mitsubishi Heavy Industries Japan’s Mitsubishi Heavy Industries held a christening ceremony on Thursday for the third Sayaringo STaGE next generation liquefied natural gas (LNG) carrier. The christening ceremony was held at the Koyagi Plant of MHI’s Nagasaki Shipyard & Machinery Works. The ship named LNG Juno has been
Image courtesy of Dynagas LNG Partners Dynagas LNG Partners, a limited partnership formed by the Greek shipowner Dynagas, secured $53 million after the closure of its previously announced offering. Dynagas LNG said in a statement on Wednesday it has granted the underwriters a 30-day option to purchase up to an
zoomImage courtesy of Woodside Australian LNG player Woodside said Thursday that the Greater Western Flank Phase 2 project off the north-west coast of Australia has started gas production. GWF-2 project is part of the of the Woodside-operated North West Shelf (NWS) project. The project is located in Commonwealth waters about 135
zoomImage: Ole Jørgen Bratland/Equinor Norwegian energy giant and LNG operator Equinor on Thursday reported a strong increase in third-quarter net profit as it benefited from a rise in oil and gas prices. Equinor’s net profit rose to $1.67 billion in the third quarter, compared to a loss of $480 million in
Image courtesy of Sovcomflot Sovcomflot’s crude oil tanker Gagarin Prospect, operating on LNG fuel, completed its voyage across the Baltic and North Seas from Primorsk to Rotterdam on October 22. The vessel delivered a cargo of 104,815 tonnes of crude oil to Rotterdam. For the LNG-powered tanker, it marked its first
Image courtesy of Höegh LNG Norway-based FSRU giant Höegh LNG confirmed Wednesday it has chartered its Höegh Gallant FSRU to Clearlake Shipping, a unit of the Switzerland-based energy trading company Gunvor. To remind, Höegh LNG said last week that the floating regasification and storage unit would be chartered to a third party following
Yamal LNG storage tank (Image courtesy of Novatek) Russia’s largest independent natural gas producer Novatek reported a rise in its profit for the third quarter of this year as it continues to perform commissioning works on the third train at its giant Yamal LNG facility in the Russian Arctic. Profit for the
zoomImage courtesy of Oil Search The Papua New Guinea-focused oil and gas producer and PNG LNG stakeholder, Oil Search reported a jump in its third-quarter revenue. One of the main reasons for this is the recovery of production at the giant LNG export project partly located in the Highlands region
For illustration purposes only (Image courtesy of Containerships) French shipping giant CMA CGM has gained an approval from the European Commission to acquire Finland’s Containerships. To remind the deal between CMA CGM and Container Finance was announced back in June and it includes Container Finance’s holdings in Multi-Link Terminals and CD Holding. The European Commission
zoomImage courtesy of LNG Canada Canada’s National Energy Board (NEB) said Monday it will consider a claim filed by a local environmentalist that TransCanada’s Coastal GasLink pipeline should be listed as a federal project. NEB has granted a new hearing and will accept submissions until next Monday from the claimant,