Exmar publishes financing update
Exmar has released its latest floating LNG (FLNG) and very large gas carrier (VLGC) financing update.
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Nauticor oversees Germany's second STS LNG bunkering operation
In only the second STS LNG bunkering operation to take place in Germany, Nauticor’s ‘Kairos’ has supplied DEME’s next generation offshore installation vessel ‘Orion’.
LNG production at Sakhalin-2 fell last year
According to Reuters, consortium Sakhalin Energy has stated that LNG production fell last year at the Sakhalin-2 plant in Russia.
Baker Hughes profits fall short of expectations
Baker Hughes Co. has announced that its latest earnings fell short of expectations, partly due to lower sales and orders of LNG turbines and compressors.
Saudi Aramco sells LNG to South Korea
Saudi Aramco’s trading arm, Aramco Trading Co., has sold an LNG cargo to South Korea’s S-Oil Corp.
Beijing Gas granted approval for LNG terminal
Beijing Gas Group has been granted state approval to build its proposed Tianjin LNG receiving terminal.
Total and Nigeria LNG sign 10 year LNG deal
Nigeria LNG and Total have signed a 10 year, 1.5 million tpy LNG agreement.
TMC wins ALS compressor contract for seven LNG carriers
TMC has been awarded a contract by Hyundai Heavy Industries to deliver its air lubrication system compressors to seven LNG carriers the shipbuilder is constructing for Capital Gas Corp.
Annova LNG and Enbridge sign pipeline agreement
Annova LNG has announced that it has signed a precedent agreement with Valley Crossing Pipeline, LLC, providing transportation for Annova LNG’s total natural gas requirements at its 6.5 million tpy LNG facility in Brownsville, Texas.
Stabilis Energy expands domestic LNG sales team
Stabilis Energy, Inc. has announced the expansion of its domestic LNG sales team by hiring Forrest Marsh as Western Region Sales Director.
Asian LNG spot prices fall to new multi-year low
Asian LNG spot prices have fallen to a new multi-year low, with at least one cargo selling for less than US$4 per million Btu.
Buckeye Partners announces contribution of interest in Freeport LNG Train 2
Buckeye Partners L.P. has announced that the IFM Global Infrastructure Fund has contributed its 57.6% equity interest in Freeport LNG Development L.P.’s Train 2 into Buckeye.
Osaka Gas to look to Europe to offload spare LNG cargoes
Asian LNG sellers, such as Osaka Gas, are seeking alternative markets as the global LNG market hits multi-year lows.
NOVATEK’s 2019 organic reserve replacement reached 252%
PAO NOVATEK has announced that independent petroleum engineers, DeGolyer & MacNaughton, have completed a comprehensive reserve appraisal of the company’s hydrocarbon reserves as of 31 December 2019.
McDermott to begin Chapter 11 bankruptcy process
McDermott International, Inc. has announced that it has the support of more than two-thirds of all its funded debt creditors for a restructuring transaction that will equitise nearly all its funded debt.