LNG

For the first quarter of 2018, the company generated a net loss of US$50.2 million.

In 2017 Jumbo was awarded a contract by Geocean for the Moheshkhali Project.

TT-Line Company Pty Ltd and Flensburger Schiffbau-Gesellschaft have signed a contract for the design and construction of two new LNG passenger ferries.

A planned pipeline connecting Cyprus’ Aphrodite gas field to Egypt’s LNG facilities will cost between US$800 million and US$1 billion.

Qatar Petroleum will push ahead with its production expansion and foreign asset acquisition strategy to be on par with oil majors, despite a regional political and economic embargo on Doha.

Cheniere Energy Inc said on 4 May that it plans to make a final investment decision to build the third liquefaction train at its Corpus Christi LNG export facility in Texas in the next few weeks.

Offtaker will purchase fixed rate per year.

Exxon Mobil’s Papua New Guinea LNG export plant has offered two cargoes for May and June.

The technology group Wärtsilä will design and equip one of PSA Marine Ltd’s newest harbour tugs.

The increasing connectivity of online devices is enabling better decision-making.

Control of the company will be transferred to Wärtsilä effective from 4 May 2018. The acquisition, which was announced in March 2018, has a transaction value of €210 million (enterprise value).

TMC has signed two contracts to supply a total of five marine compressors to a floating storage regasifaction unit that Hyundai Heavy Industries is building for Swan Energy Ltd.

An average capital expenditure of US$17.8 billion per year will be spent on 336 oil and gas fields in Southeast Asia between 2018 and 2020, according to GlobalData.

MHB achieved a revenue of RM188.3 million with a pre-tax loss of RM25.3 million for 1Q18.

Klas Bendrik will join DNV GL as Chief Digital Transformation Officer to support DNV GL’s digitalisation and IT strategy.