Partners in the Leviathan gas field offshore Israel have approved budgets for 2023 which include nearly $100 million for the expansion of the existing infrastructure and preparation of the future floating LNG terminal. Said to be the largest energy project in Israel’s history, the deep-sea field sta
Spanish energy company Enagás has announced that all its objectives set for 2022 have been achieved and the degree of execution of its 2022-2030 strategic plan is higher than expected. Enagás’ net profit on 31 December 2022 amounted to €375.8 million, exceeding the target for the year. The significa
South Korean shipbuilders are resuming their winning streak from last year as they reap fruit from the growing demand for high-end ships featuring dual-fuel propulsion and advanced technology. The country’s key ship manufacturers have secured over $7 billion in new orders since the beginning of this
Chinese shipbuilder New Times Shipbuilding (NTS) has started the construction of a new dual-fuel bulk carrier for Bermuda-based shipping company Himalaya Shipping.
Anglo-French oil and gas player Perenco has taken a final investment decision (FID) for the construction of a liquefied natural gas (LNG) production unit in Gabon. The LNG plant will be built at the Cap Lopez oil terminal that Perenco acquired from TotalEnergies in 2021. The planned LNG production u
French LNG containment specialist GTT has finished the 2022 financial year with solid results, expecting market growth in the coming years. It had consolidated revenues of €307.3 million and consolidated EBITDA of €161.1 million. As pointed out in the report, it achieved a record level of orders, wi
New Fortress Energy (NFE) has awarded an engineering and project management contract for the conversion of three jack-up rigs to Zentech.
South Korean shipbuilding major Hyundai Heavy Industries (HHI) has delivered the LNG carrier Asterix I to the Greece-based shipowner Capital Product Partners (CPLP). The shipping company bought the 174,000 cbm LNG carrier Asterix I in June 2022 while the vessel was still under construction at the Ko
Lech Kaczyński, the first liquefied natural gas (LNG) carrier built for exclusive use by ORLEN Group, has entered service and is on its way to deliver LNG from the US to Poland. PGNiG, an ORLEN Group company specialising in LNG trading, said in a social media update on 19 February that the LNG carri
Germany’s Securing Energy for Europe (SEFE), former Gazprom Germania GmbH, has appointed Chief Executive Officer (CEO), Chief Commercial Officer (CCO) and Chief Sales Officer (CSO) to fill key positions in its new leadership model. SEFE said that the new appointments are the result of the company’s
Chinese shipbuilder Hudong-Zhonghua has independently developed and designed a B -type LNG containment system with completely independent intellectual property rights and officially started the construction. The B-type containment system can carry -163 °C of liquefied natural gas (LNG) and has a hig
Qatar’s state-owned oil and gas company QatarEnergy will be taking over all the marketing and related activities currently managed by Qatargas by the end of 2023. QatarEnergy currently manages the marketing and sale of all products produced for export by its group of companies/affiliates, with the e
Princess Dapeng, the world’s largest shallow draft LNG carrier, has been named and delivered to Chinese natural gas distribution company Shenzhen Gas. According to the ship’s builder Hudong Zhonghua, the 80,000 cbm vessel was named and delivered at CSSC Changxing Shipbuilding Base on 18 February. Sa
GAIL (India) Limited, India’s natural gas company with a presence along the entire natural gas value chain comprising of exploration and production, LNG imports, gas transmission and marketing, gas processing, petrochemicals, LPG transmission and city gas distribution, has issued an invitation for E
