Tagged Financial

Venture Global LNG shuffles management

Rate this article By Adnan Bajic U.S. LNG export project developer Venture Global LNG has unveiled changes in the company’s corporate governance. Courtesy of Venture Global LNG Michael Sabel will assume the role of CEO of the company starting October 1, 2020. Robert Pender will continue to serve the company as Executive Co-Chairman, a new…

Bristow elects new CFO to mitigate effects of downturn

Rate this article By Nermina Kulovic Bristow Group has appointed Jennifer Whalen as Senior Vice President, Chief Financial Officer (CFO) of the company effective on Wednesday. The post Bristow elects new CFO to mitigate effects of… … Read Full Article Here For more great articles: Offshore Energy Today

Avance Gas shuffles management

Rate this article By Adnan Bajic Norwegian shipping company Avance Gas has made a number of changes to its management. Courtesy of Avance Gas The company said on Monday that Peder Carl Gram Simonsen will step down as interim CEO and CFO. The company did note Simonsen will be retained as an advisor for a…

Cosco Shipping Heavy nets LNG repair job

Rate this article By Mirza Duran China’s Cosco Shipping Heavy Industry has recently won a repair contract for the 174,000-cbm LNG carrier CESI Wenzhou. Image: Cosco Shipping Heavy Industry The 290 meters long vessel will arrive at CSHI’s yard in Shangai in early September for repairs including cargo pump and cargo control system. CSHI said…

Føreid steps down from Höegh LNG Partners roles

Rate this article By Adnan Bajic Höegh LNG Partners, the Bermuda-based limited partnership formed by Norway’s floating giant Höegh LNG, is on the lookout for a new CEp and CFO. Courtesy of Höegh LNG Partners The partnership noted on Friday that Steffen Føreid gave notice that he intends to step down from his position as…

Shell inks charter deals for six LNG newbuilds

Rate this article By Adnan Bajic The Hague-based LNG giant Shell has expanded its fleet with charter deals for six newbuild liquefied natural gas (LNG) carriers. Courtesy of Shell Shell signed separate agreements for two tankers each with Knutsen LNG, Korea Line Corporation, and ICBC Financial Leasing and institutional investors advised by J.P. Morgan Asset…

Eni names new chief financial officer

Rate this article By Bojan Lepic Italian energy major Eni has appointed a new chief financial officer (CFO) of the company. The post Eni names new chief financial officer appeared first on Offshore Energy. … Read Full Article Here For more great articles: Offshore Energy Today

EU backs Spanish LNG bunkering projects

Rate this article By Adnan Bajic Two Spanish LNG bunkering projects have received financial backing to the tune of €27 million ($31.7 million) from the European Commission. Courtesy of Costa Cruises The funds have been secured through the Connecting Europe Facility (CEF) mechanism, which promotes more sustainable and efficient transport. Specifically, the European Commission will…

Origin’s LNG revenue dips despite APLNG record production

Rate this article By Adnan Bajic Australia’s power and gas retailer Origin Energy reported a slip in revenue as Australia Pacific LNG boasted record production in FY2020. Courtesy of Origin Energy The company noted its APLNG revenue for the financial year 2020 declined 5 per cent to $2.65 billion from $2.79 billion. The record production…