Daily Archives: January 24, 2017

Tallink Group takes delivery of LNG-fueled Megastar

By LNG World News Image courtesy of Tallink GruppTallink Grupp on Tuesday said its unit Tallink Line has taken delivery of the LNG-fueled fast passenger ferry Megastar from Meyer Turku shipyard in Finland. The 212 meters long Megastar has the capacity to transport 2800 passengers and features a car deck for 800 passenger vehicles. It…

Teekay LNG Partners closes $900 mln financing deals

By LNG World News Image courtesy of TeekayTeekay LNG Partners has completed two financing arrangement totaling US$905 million for its projects delivering through 2019. The company has signed a $685 million sale-leaseback transaction with ICBC Leasing for four of the Partnership’s MEGI LNG carrier newbuildings delivering in 2017 and 2018. This includes the third vessel…

Court allows Petrobras to sell shallow water assets

By Offshore Energy Today.. Brazilian court has allowed the state-owned oil & gas company Petrobras to continue the sale process of its shallow water fields, located off states of Sergipe and Ceará, Brazil. Petrobras informed on Monday that a Regional Federal Court issued a decision on January 18, 2017, to grant suspensive effect to Petrobras’…

Crowley’s LNG-fueled ConRo ships take shape at VT Halter Marine

By LNG World News Image courtesy of Crowley MaritimeJacksonville-based Crowley Maritime said its two LNG-fueled ConRo ships, El Coquí and Taíno, have continued to take shape at the VT Halter Marine in Pascagoula, Mississippi. In its brief social media update, Crowley said the workers have been painting the El Coqui, as the ships are constructed…

Poland receives first LNG cargo of 2017

By LNG World News Polish LNG receiving terminal in Swinoujscie, named President Lech Kaczyński, has over the weekend received its first cargo of 2017. It was the 11th cargo to the Polish terminal since the first delivery in December 2015. So far the terminal has received over 2 million cubic meters of LNG, Gaz-System, the…

Qatar Petroleum charters one more GDI rig

By _Offshore_Energy_Today_ Qatar Petroleum (QP) has chartered the Al Doha jack-up rig, owned by Qatari rig operator Gulf Drilling International (GDI), a subsidiary of Gulf International Services. According to data from VesselsValue, Qatar Petroleum hired GDI’s semi-sub rig for one year and four months starting January 23, 2017, until May 22, 2018. The rig will…

Investors sue Petrobras over losses caused by corruption

By Offshore Energy Today.. An international coalition has filed a lawsuit in Dutch court on behalf of institutional investors who suffered billions of dollars in losses in their investments in the Brazilian state-owned oil company Petrobras. Seeking declaratory relief as a result of the alleged corruption of the company and its executives, the coalition represents…

Lenders grant another extension to Olympic to complete restructuring

By Offshore Energy Today.. Norwegian offshore vessel owner Olympic Ship has been granted another extended stand-still to complete its financial restructuring. In July 2016, Olympic informed the company had initiated discussions with the secured lenders in relation to the need for an adjustment to the repayment profile of the financial debt of the company and…

PNG LNG production continues to break records

By LNG World News Image courtesy of Oil SearchThe ExxonMobil-operated PNG LNG plant reached its highest average annualized production rate since production commenced, of approximately 8.3 mtpa, during the fourth quarter 2016. This is 20 percent above the nameplate capacity of 6.9 mtpa, Oil Search,theownerofa29percentstake inthe project, said in its quarterly report, adding that 28…

I.M. Skaugen wins African small-scale LNG project contract

By LNG World News I.M. Skaugen chartered its three Multigas carriers for a small-scale LNG project in Africa planned to deliver natural gas for power generation. Time charter contracts are for two 10,000-cbm vessels and one 12,000-cbm vessel, according to IMSK statement. In addition to the charter agreements, the company will provide shuttle/feeder services, floating…