Tagged LNG

Cosco Shipping Heavy repairs Chinese LNG carrier

Rate this article By Mirza Duran China’s Cosco Shipping Heavy Industry has completed repair works on a 30,000-cbm carrier, marking the second-ever LNG repair job for the yard. Image: Cosco Shipping Heavy Industry The vessel in question is the Cnooc-owned small-scale LNG carrier Hai Yang Shi You 301. Cosco’s Guandong shipyard welcomed the 184.7 meters…

Woodside takes $4.3 bln impairment hit

Rate this article By Adnan Bajic Australian LNG major Woodside is bracing for a $4.37 billion impairments hit following an asset value review. Courtesy of Woodside The company is expected to take a $2.76 billion hit in its financial statements for the half-year ended June 30, 2020, for oil and gas properties. It will also…

Woodside takes $4.3 bln impairment hit

Rate this article By Adnan Bajic Australian LNG major Woodside is bracing for a $4.37 billion impairments hit following an asset value review. The post Woodside takes $4.3 bln impairment hit appeared first on Offshore Energy. … Read Full Article Here For more great articles: Offshore Energy Today

Gasum: maritime market sends mixed signals on recovery

Rate this article By Adnan Bajic The Nordic energy company Gasum is seeing mixed signals on the maritime market recovery. Illustration only. Courtesy of Gasum In its weekly analysis, the company noted that the Risavika LNG index dropped by 2.8 per cent week on week on rising LNG sendouts last week as the number of…

Methanol Institute joins China’s study of methanol as marine fuel

Rate this article By Naida Hakirevic The Methanol Institute (MI) has joined a study led by the China Waterborne Transportation Research Institute (CWTRI), the think tank of the Chinese Ministry of Transport, which will consider the technical and operational requirements for the use of methanol as a marine fuel. The study will create comprehensive guidance…

Russia’s Gazprom hit hard in first quarter

Rate this article By Mirza Duran Russian gas giant Gazprom posted a net loss in the first quarter of this year mainly due to lower prices and demand in Europe, and a weak rouble. Image: Gazprom Gazprom reported a net loss of 116.2 billion Russian roubles ($1.6 billion) in the January-March period. This compares to…

Kogas, partners to form Korean LNG bunkering JV

Rate this article By Mirza Duran South Korea’s Kogas and five compatriots are joining forces to set up a LNG bunkering joint venture in the country. Image: Kogas The other Korean companies are Busan Port Corp, steel-maker Posco, refiner S-Oil, Daewoo Logistics, and shipper Hyundai Glovis. The partners signed a collaboration deal on Tuesday and…

Santos commissions Cooper basin hydrogen study

Rate this article By Adnan Bajic Australian LNG player Santos has commenced a concept study on decarbonising Cooper Basin natural gas at its source to make “blue” hydrogen. Courtesy of Santos The concept study has been awarded to GHD, Santos said in its statement. Santos managing director and chief executive officer Kevin Gallagher said that…

Kinder Morgan to launch another Elba Island LNG train

Rate this article By Mirza Duran US energy company Kinder Morgan is to launch another small-scale liquefaction unit at its nearly $2 billion Elba Island LNG plant in Georgia. Image: Kinder Morgan The company has requested an authorization from US FERC to place into service the eighth Elba Island liquefaction unit on July 13. Elba…