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Statoil to Charter LNG-Fueled Shuttle Tankers
Statoil on June 22 awarded a long-term contract to AET, subsidiary of Malaysian state shipowner MISC, to operate two offshore loading shuttle tankers (OLSTs) on long-term charter.…
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Samsung, Partners Bag Coral FLNG Contract
South Korean Samsung Heavy Industries (SHI), along with a consortium partners French Technip and Japanese JGC, have bagged a $2.5bn deal to build an offshore facility for…
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Eni Announces FID on Coral FLNG
Eni has confirmed that final investment decision (FID) has been taken on its 3.4mn mt/yr Coral South floating liquefaction (FLNG) project. It made the official announcement in a…
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Shell's Prelude FLNG to Start 2018
Shell's floating gas production and liquefaction vessel Prelude will come on stream offshore Australia next year, the company's CFO Jessica Uhl told journalists on a conference…
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Shell Doubles Q1 Profit, Progresses Sales
Anglo-Dutch major Shell reported May 4 Q1 2017 profit, before exceptional items, of $3.8bn, more than double the $1.6bn it earned in Q1 2016. Cash flow from operating activities…
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DNV Clears LNG-Fuelled Containership Design
At the recently concluded Gastech 2017, ship classification firm DNV GL gave an in-principle approval to shipbuilder Samsung Heavy Industries (SHI) and future owner Mitsui OSK…
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Total Expands Korea Petchem, Thanks to 'US Shale Boom'
Total said April 12 that its joint petrochemical venture in South Korea with local Hanwha is to be expanded, because of the "abundant availability" of "competitively priced…
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Global LNG Trade Up 7.5% in 2016: GIIGNL
Global LNG imports increased by 7.5% to 263.6mn metric tons in 2016, according to the annual report of GIIGNL, the International Group of LNG Importers, published this week. O…
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Jera, Kogas, Cnooc Sign LNG MoU
Japanese joint venture Jera has inked a memorandum of understanding to pool resources with Kogas and Chinese Cnooc relating to LNG, the company said March 23. The three…
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Iran, HEC Sign $3.2bn Petchems Agreement
Hyundai Engineering (HEC) and Iran’s state-run Ahdaf Investment Company have signed a $3.2bn agreement to develop the second phase of the Kangan petrochemical plant, making…
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Exxon Buys 25% of Mozambique Area 4 for $2.8bn
ExxonMobil has confirmed March 9 it is to buy, from Eni, a 25% indirect stake in the natural gas-rich Area 4 block offshore Mozambique for $2.8bn. Eni currently holds a 50%…
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Norway's Oil Fund Bars CEZ, Kepco, PGE
Norway’s central bank has excluded ten more companies from the government’s more than $900bn Oil Fund, because they have not reduced their coal use in line with the…
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Daewoo Shipbuilding Gets $360mn LNG Carrier Order
Troubled South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering has received an order from European ship-owners to build two LNG carriers with capacity of 173,400 m&…
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Samsung, KBR to Build Texas LNG
Texas LNG Brownsville has selected Samsung Engineering and KBR for construction of its 4mn mt/yr LNG project at the Port of Brownsville in South Texas. Samsung and KBR will…
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Siemens To Build Turbines in Saudi Arabia
Germany’s Siemens announced February 23 it had secured a $400mn order to supply five large gas turbines for Saudi Arabia’s new Fadhili power plant, 100 km northwest…
