Tagged Refining

Shell flags $15-$22 billion Q2 impairments

Rate this article By Adnan Bajic The Hague-based giant Shell issued an update on its second-quarter outlook, flagging impairments in the range of $15 to $22 billion. Courtesy of Shell Shell’s Integrated Gas business expects $8 – $9 billion impairment charges in the quarter, primarily in Australia including a partial impairment of the QGC and…

Shell cuts dividend as profit tumbles on low oil prices

Rate this article By Nermina Kulovic Oil major Shell has decided to slash its dividend after seeing its quarterly profit nearly halved when compared to the last year’s quarter amid a dramatic decline in oil price. Shell CEO Ben van Beurden; Source: Shell Shell said on Thursday that its CCS earnings attributable to shareholders excluding…

Gasum’s Coralius wraps up first STS LNG bunkering in Rotterdam

Rate this article By LNG World News Gasum’s liquefied natural gas (LNG) bunker vessel, Coralius, made its first bunkering in the port and refining area of Rotterdam, supplying LNG to Bit Viking. The vessel that mainly operates in the North Sea and the Skagerrak area completed its 100th bunkering operation during the end of February….

Iranian LNG export project gathers momentum

Rate this article By LNG World News National Iranian Oil Company said it has signed a deal with the Oslo-based IFLNG for the production of liquefied natural gas (LNG) in Iran. According to the deal signed between NIOC and IFLNG, a joint venture set up by Hemla Vantage and Kharg Gas Refining Company, the two…

Chart completes $410m acquisition of heat exchangers specialist

Rate this article By LNG World News US-based LNG equipment provider Chart Industries completed the previously announced acquisition of the heat transfer solutions company, Hudson Products, for $410 million. Hadson was majority-owned by funds managed by Riverstone Holdings. Hudson’s brands and products are used in refining, petrochemical, natural gas, power, and other industrial and commercial…

Eni and CNPC ink oil and gas cooperation deal

Rate this article By _Offshore_Energy_Today_ Chinese state-owned China National Petroleum Corporation (CNPC) and Italian oil giant Eni signed a cooperation agreement on Wednesday, September 13. According to a statement by the Italian oil company, the agreement covers cooperation in oil & gas exploration and production, gas and LNG value chain opportunities, trading and logistics opportunities,…