Tagged Financial

Petronet LNG boasts record profit in FY 2019-2020

Rate this article By Adnan Bajic Petronet LNG, India’s largest importer of liquefied natural gas, reported record profit after tax as well as LNG terminals activity during the financial year ending March 31, 2020. During the financial year under review, Petronet LNG reported a profit after tax (PAT) of 26.98 billion Indian Rupees ($357.15 million)…

Awilco amends LNG pair financial covenants

Rate this article By Adnan Bajic Awilco LNG has agreed certain amendments to financial covenants in the sale/leaseback deals for its LNG tanker pair. Courtesy of Awilco LNG The company said in its statement that it has agreed with CCB Financial Leasing (CCBFL) to make certain temporary amendments to financial covenants in the sale/leaseback facilities…

Brittany Ferries cancels contract for LNG-powered ferry at FSG

Rate this article By Naida Hakirevic French shipping company Brittany Ferries and compatriot semi-public company Somanor SAS have confirmed the termination of the construction contract for an LNG-powered ferry with Germany’s Flensburger Schiffbau-Gesellschaft (FSG) shipyard. The vessel, Honfleur, has been under construction in Flensburg, Germany, since 2017. Posted: about 1 year ago Video: Brittany Ferries…

Venture Global LNG hires new CFO

Rate this article By Adnan Bajic US LNG export project developer Venture Global LNG has made a management switch naming Jonathan (Jack) Thayer as its chief financial officer. Courtesy of Venture Global LNG Thayer has over fifteen years of finance leadership experience, Venture Global noted in its statement. Prior to joining Venture Global, Thayer served…

Venture Global to start Plaquemines LNG site work

Rate this article By Mirza Duran Venture Global LNG is to start site preparation works at its proposed Plaquemines liquefaction plant in Louisiana following an approval by the US energy regulators. Plaquemines LNG (Image : Venture Global LNG) FERC on Monday approved a request filed by Venture Global LNG earlier this year “to proceed with…

France’s GTT bags German FSRU contract

Rate this article By Mirza Duran French LNG containment specialist GTT has won a contract from South Korea’s Daewoo Shipbuilding and Marine Engineering for the Wilhelmshaven FSRU. Image courtesy of LTW The floating storage and regasification vessel will be fitted with GTT’s N096 membrane containment system, the French company said in a statement. GTT did…

Solstad Offshore promotes finance director to CFO role

Rate this article By Bojan Lepic Norwegian offshore vessel provider Solstad Offshore has picked a new chief financial officer (CFO). The post Solstad Offshore promotes finance director to CFO role appeared first on Offshore Energy. … Read Full Article Here For more great articles: Offshore Energy Today

Optimism for Post-Pandemic Natural Gas Fuel for Mobility

Rate this article By NGV Global Image courtesy of NGVA Europe The International Energy Agency recently released its report — 2020 Global Energy Review — which states energy demand will fall 6% in 2020. This represents the largest decline in 70 years in percentage terms, the largest ever decline in absolute terms, and seven times…

ConocoPhillips CFO to retire after 39-year career

Rate this article By Nermina Kulovic ConocoPhillips has said that Don E. Wallette, Jr. will be retiring as executive vice president and a chief financial officer after a 39-year career with the company. The post ConocoPhillips CFO to… … Read Full Article Here For more great articles: Offshore Energy Today