Image courtesy of Qaersila Finnish technology group Wärtsilä said that its €210 million ($250.4 million) acquisition of Transas, a global marine navigation company headquartered in the U.K., has been finalized. Control of the company will be transferred to Wärtsilä effective from May 4, 2018, the company’s statement reads. Transas provides
zoomFor illustration purposes only (Image courtesy of German LNG Terminal) A plan to build Germany’s first liquefied natural gas (LNG) import and distribution terminal has attracted interest from several potential customers of the facility, according to the joint venture that is behind the project. Dutch companies Gasunie and Vopak and Germany’s
zoomImage courtesy of Novatek Russia’s largest independent natural gas producer, Novatek, aims to start up its second and third liquefaction trains at the Yamal LNG project by January 2019. Speaking to media, Novatek’s CEO Leonid Mikhelson said the second liquefaction train at the Yamal LNG project is set to start
Image courtesy of MODEC Bureau Veritas awarded the approval in principle (AiP) to the Japanese provider of offshore floating solutions, MODEC, for its new floating storage, regasification, water-desalination and power generation (FSRWP) concept. According to MODEC, the FSRWP is the evolution of a floating storage and regasification unit (FSRU) with the
Image courtesy of Containerships Finnish shipping company Containerships is pushing forward with its plans to boost the use of liquefied natural gas (LNG) as fuel for ships and trucks in order to reduce emissions and meet tightening IMO regulations. The company has currently four new dual-fuel container vessels under construction
Image courtesy of Venture Global LNG Venture Global LNG signed a sales and purchase deal with the Portuguese energy player, Galp, for the delivery of LNG from the Calcasieu Pass export facility, currently under development in Cameron Parish, Louisiana. Under the agreement, Galp would lift 1 million tons of LNG per year
Image courtesy of Marathon Oil Houston-based energy company and operator of the Equatorial Guinea LNG plant, Marathon Oil, swung to a first-quarter profit as its production increased. Marathon Oil reported a net income of $356 million compared to a $28 million loss in the corresponding period last year. The company’s adjusted net income was $154 million, compared to $56 million in
Image courtesy of CB&I McDermott International and CB&I said both companies have received the necessary stockholder approvals to complete the proposed business combination. As previously reported, upon completion of the transaction, McDermott stockholders will own approximately 53 percent of the combined company on a fully diluted basis and CB&I shareholders will
zoomIllustration purposes only (Image courtesy of Ophir) Australian LNG player, Santos sold its Southeast Asian assets to the London-based Ophir Energy for a cash consideration of $221 million. The portfolio of assets includes material producing assets in Vietnam and Indonesia plus exploration and appraisal assets in Malaysia, Vietnam and Bangladesh.
Image courtesy of ADNOC LNG Japan’s Chiyoda Corporation has signed a deal with Abu Dhabi’s LNG producer and operator, ADNOC LNG to provide digital technologies, including artificial intelligence and big data analysis for the Das Island LNG facilities. The memorandum of understanding was signed on April 29 in Abu Dhabi. Under the
Image courtesy of Dharmendra Pradhan India’s minister of petroleum and natural gas, Dharmendra Pradhan looked to bring on Japanese partners to build India’s LNG infrastructure during talks with Japan’s minister of economy, trade and industry, Hiroshige Seko. In a brief statement through his social media channels, Pradhan said he discussed synergies between