Daily Archives: April 29, 2020

COVID-19 effects push Novatek into red

By Adnan Bajic Russia’s largest private natural gas producer and LNG player Novatek slipped into red under the COVID-19 impacts. Image courtesy of Novatek Novatek reported a net loss of ₽30.7 billion ($416.8 million) in the first quarter of the year. This compares to a profit of ₽381.8 billion ($5.2 billion) reported in the first…

CSSC inks deal for 12 LR2 dual-fuel tankers

By Jasmina Ovcina Chinese shipbuilding giant China State Shipbuilding Corporation (CSSC) has won a deal for the construction of twelve dual-fuel tankers. The order was booked by Bank of Communications Financial Leasing (Bocomm Leasing) which has secured charters for the newbuilds from the energy major Shell. Source: CSSC Shell will charter the 120,000-ton dual fuel…

Stena Bulk’s MR tanker wraps up biofuel trial

By Jasmina Ovcina Stena Bulk’s MR tanker Stena immortal has concluded the biofuel trial launched in March in cooperation with the Dutch biofuel supplier GoodFuels. During the ten-day trial, the bio fuel oil (BFO) was tested in the ship’s tanks, storage and it was burned in the engines. Stena Bulk The fuel is the MR1-100…

Gazprom’s net profit dips

By Mirza Duran Russian gas giant Gazprom reported a 17 percent drop in 2019 net profit due […] The post Gazprom’s net profit dips appeared first on Offshore Energy. … Read Full Article Here For more great articles: Offshore Energy Today

Neptune Energy partners with Eneco on PosHYdon

By Adnan Durakovic Dutch energy company Eneco has joined as a partner the PosHYdon pilot, the world’s […] The post Neptune Energy partners with Eneco on PosHYdon appeared first on Offshore Energy. … Read Full Article Here For more great articles: Offshore Energy Today