Daily Archives: November 23, 2020

Awilco LNG amends financial agreements for its tanker pair

By Adnan Bajic Norwegian LNG transportation provider Awilco LNG has agreed to an amendment to the financial covenants in the sale/leaseback facilities for the WilForce and the WilPride. Courtesy of Awilco LNG Under the agreement with CCB Financial Leasing the required minimum consolidated cash and cash equivalents financial covenant of $10.0 million has been reduced…

New paper highlights BioLNG’s decarbonization potential

By Adnan Bajic BioLNG has been touted as the fuel that will enable the decarbonization of maritime and road transport. Illustration only (Courtesy of Port of Rotterdam) A joint paper issued by the European Biogas Association (EBA), Gas Infrastructure Europe (GIE), the Natural & Bio Gas Vehicle Association (NGVA Europe), and SEA-LNG, demonstrates the benefits…

Norway: October oil output hit by strike action

By Nermina Kulovic Norwegian oil production in October 2020 was below forecast by the NPD due to effects of strike action as well as maintenance operations on some fields. The post Norway: October oil output hit by… … Read Full Article Here For more great articles: Offshore Energy Today

BP sells London HQ for nearly $332 million

By Nermina Kulovic Following reports that BP is preparing to sell its London HQ, the oil major has now entered into an agreement for the sale of the HQ for £250.1 million. The post BP sells London HQ for nearly $332… … Read Full Article Here For more great articles: Offshore Energy Today

Construction starts on first Dutch bio-LNG installation

By Adnan Bajic The construction of the first Dutch bio-LNG installation kicked off in Amsterdam Westpoort. Courtesy of Nordsol The project is being developed by Renewi, Nordsol and Shell. In its statement, the Bunnik-based Nordsol said the new bio-LNG installation is an extension for the current processing of, among other things, outdated products from the…