LNG

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.

Greek gas company DEPA will take part in a market test for the development of a liquefied natural gas terminal in northern Greece.

Gunvor posted its lowest net profit last year since at least 2011 due to major investments to set-up a US trading presence and a prolonged planned turnaround at one of its refineries.

Exxon Mobil is pushing ahead with efforts to develop its US$15 billion Far East LNG project with Russia’s Rosneft despite being forced to exit some joint ventures due to Western sanctions.

Asian spot prices for LNG firmed over the past week.

The sale will see Santos exiting from Vietnam, Indonesia, Malaysia and Bangladesh.

Upon completion of the transaction, McDermott stockholders will own 53% of the combined company, while CB&I shareholders will own approximately 47%.

The LNG bunkering vessel Cardissa and the ice-class Coral Energice were loaded at the same time – a first for Gate Terminal.

Adjusted operating profit of €746 million in 2017.

Australia’s trade surplus swelled to a 10-month peak in March as resource exports boasted a bumper run.