Lithuanian floating storage and regasification unit Independence is now back in action following the completion of dredging works in the port of Klaipeda. To remind, Klaipėdos Nafta temporarily relocated the FSRU last week from its usual location near Kiaules Nugara Island while Klaipeda’s port wate
French LNG terminal operator Elengy said its unit, Fosmax LNG has launched a call for capacity subscriptions at the Fos Cavaou LNG terminal. The call was initiated in response to market signals collected in recent months and provides additional capacity ba technical debottlenecking, Elengy said in i
Qatar Petroleum has delayed the production start from its LNG export project to 2025 as it faces bidding process delays. Speaking to Reuters, Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the president and CEO of Qatar Petroleum, said the size of the project remains the same. This
Golar LNG received a force majeure notice from a BP unit seeking to delay taking delivery of the floating liquefied natural gas facility Gimi by a year. The floating LNG facility is destined for BP’s Greater Tortue Ahmeyim project on the maritime border of Mauritania and Senegal. BP was expected to
Oil major ExxonMobil is reducing its 2020 capital spending by 30 percent and lowering cash operating expenses by 15 percent in response to low commodity prices resulting from oversupply and demand weakness from the COVID-19 pandemic.
Norway’s Hoegh LNG will stop paying dividends to investors as part of a move in reducing costs due to the uncertain environment caused by the coronavirus pandemic. Hoegh’s board has decided to suspend dividends, bonus scheme for executive management and onshore personnel until further notice, the fl
Papua new Guinea-focused LNG producer Oil Search is looking to raise up to A$1.16 billion ($700 million) through a discounted share sale to weather a prolonged period of low oil prices. Oil Search, which owns a 29 per cent interest in the PNG LNG project, said on Tuesday the raising would be conduct
French liquefied natural gas containment specialist GTT has appointed Eric Dehouck as deputy chief executive officer. Dehouck will support the acceleration of GTT’s development and will assist Philippe Berterottière in his responsibilities as chairman and CEO of GTT, the company said in a statement.
Energy logistics provider AET signed an agreement with Total’s unit, Chartering and Shipping Services, for the time charter of two LNG dual-fuel VLCCs. The two newbuilds are scheduled to be delivered to AET, a unit of the Malaysian shipping giant MISC, from the first quarter of 2022, AET said in a s
Classification society Lloyd’s Register (LR) has signed a 55-month LNG contract to support LNG Canada with the construction and delivery of its liquefaction plant and export terminal located at a site in Kitimat, BC, Canada. The contract is for third party verification and Canadian Registration Numb
LNG producing giant Qatargas has started a programme to utilise boil-off gas to power its chartered liquefied natural gas vessels during unloading operations at Japanese LNG terminals. The programme is being implemented with the cooperation of Qatargas’ Japanese buyers, the Qatari company said in a
Estonian shipping company Tallink Grupp said the construction of Tallink Grupp’s newest LNG-powered shuttle ferry, MyStar will begin at the Rauma Marine Constructions (RMC) shipyard in Rauma, Finland. The construction will begin with a steel cutting event, which, in keeping with the current coronavi
MAN Energy Solutions’ portfolio of two-stroke, dual-fuel engines, running on clean fuels such as LNG, LPG, ethane and methanol, has hit a milestone accumulating 1 million operating hours. The milestone comes on the back of the 300 engines/6.3 GW sales the company recently reached for the segment, MA
Australian LNG player Woodside Petroleum has joined a consortium of Japanese companies to study exporting carbon-neutral hydrogen. Woodside has signed a deal with LNG importing giant JERA, Marubeni Corporation and IHI Corporation to undertake the joint study. The study will be examining the large-s
