Liquefied Natural Gas News

DSME boasts largest backlog of LNG ships

It has been a challenging year for South Korean shipbuilding, with largest player Hyundai Heavy Industries among those posting losses due to rising material costs and low shipbuilding prices. But LNG orders are helping DSME buck that trend. The Korea Development Bank (KDB)-controlled shipyard logged an operating profit of KRW 528bn ($384m) for the first half of this year…

Flex LNG Ltd (OB:FLNG) Valuation According to the Numbers as Price to Cash Touches -1860.123181

Here we will take a look into some valuation metrics for Flex LNG Ltd OB:FLNG shares.Flex LNG Ltd (OB:FLNG) has a Price to Book ratio of 2.049563. This ratio is calculated by dividing the current share price by the book value per share. Investors may use Price to Book to display how the market portrays the value of a stock.

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Epic purchases BAE Systems Southeast Shipyards Alabama

Epic Alabama Shipyard has announced that it has purchased BAE Systems Southeast Shipyards Alabama LLC and all of its related shipyard facilities in Mobile, Alabama.According to the statement, Epic will provide ship repair and maintenance services to its customers, making use of the existing facilities and dry docks, including the Alabama Dry Dock – one of the largest in the Gulf of Mexico.

Exxon Mobil bets big on China LNG, sidesteps trade war | News

Wednesday, October 17, 2018 8:48 p.m. EDTBy Gary McWilliams and Henning GloysteinHOUSTON/SINGAPORE (Reuters) - In the middle of a Sino-U.S. trade war, the world's largest publicly traded oil and gas company is turning toward Beijing for business at a time when most of Corporate America is looking elsewhere to avoid the…

BHP drills its way to oil future

The biggest gamble Andrew Mackenzie has taken through his five years at the top of BHP has been to throw counter-cyclical capital at the resuscitation of the global miner's oil business.Mackenzie released the spending spigot on conventional offshore oil and gas exploration back in August 2016 in a move that, in retrospect…

Chinese shipbuilders tap rising cruise demand – Lakeland Observer

A workers cycles past a ship being built at the Shanghai Waigaoqiao Shipbuilding Co Ltd yard.(Photos by REUTERS)European shipbuilders‘ dominance in the US$117-billion passenger ship industry may come under threat as Chinese rivals move into the sector to tap booming local demand for cruise holidays.China‘s government has…

Tihany leads interior design for Cunard's 2022 newbuild

World-renowed designer Adam D. Tihany continues to expand his cruise portfolio by signing on as creative director for Cunard Line's 2022 newbuild.He'll oversee the entire interior design process for the 3,000-berth ship, Cunard's first newbuild in 12 years. It will be the 249th vessel to sail under the Cunard flag.'The…

First Ichthys LNG Cargo Said Possible This Week  | Rigzone

by  Bloomberg|Dan Murtaugh & Stephen Stapczynski|Tuesday, October 16, 2018TweetThe Ichthys LNG export project in northern Australia may load its 1st natural gas cargo as soon as this week, according to sources.(Bloomberg) -- The Inpex Corp.-operated Ichthys LNG export project in northern Australia may load its first natural gas cargo as soon as this week…

Another two ice-breaking LNG carriers are on their maiden voyage in Arctic waters

The two powerful ships are now both on the Northern Sea Route en route to and from natural gas terminal Sabetta. While the «Vladimir Vize» has picked up LNG in Sabetta and is on its way towards Asian markets, the «Rudolf Samoylovich» early this week passed the Kara Gate south of archipelago Novaya Zemlya, information from…

1st Ichthys LNG Cargo Said Possible This Week  | Rigzone

by  Bloomberg|Stephen Stapczynski and Dan Murtaugh|Tuesday, October 16, 2018TweetThe Ichthys LNG export project in northern Australia may load its 1st natural gas cargo as soon as this week, according to people with knowledge of the venture's preliminary sales plans.(Bloomberg) -- The Inpex Corp.-operated Ichthys LNG export…

Wärtsilä to equip Ponant newbuild with dual-fuel engines

Wärtsilä is to supply six 31DF dual-fuel engines, a fuel gas supply system and advanced navigation equipment for Ponant’s new luxury ice-class polar cruise ship, which will debut in 2021. Currently under construction at the Vard Søviknes yard in Norway, the 150-metre-long vessel will be equipped with four 14-cylinder and two 10-cylinder Wärtsilä 31DF engines…

Kosmos Energy Announces Results of Pontoenoe-1 Well and Provides Operational and Financial Update

KosmosEnergy (NYSE:KOS)(LSE: KOS) announced today that it has completeddrilling the Pontoenoe-1 exploration well in Block 42 offshore Suriname. Pontoenoe-1 was designed to test late Cretaceous reservoirs in astratigraphic trap charged from oil mature Albian andCenomanian-Turonian source kitchens. The well was located offshoreSuriname…

Japan's Inpex to load 1st LNG cargo from Ichthys project this week -sources

TOKYO, Oct 16 (Reuters) - Japanese energy explorer Inpex Corp is this week set to load the first liquefied natural gas (LNG) cargo from its long-delayed Ichthys project in northwestern Australia, sources familiar with the matter said. The shipment would be an important milestone for Inpex, the operator of Japan’s biggest…

Could chip fat help dirty shipping clean up its act?

The global shipping industry is as big a contributor to greenhouse gas emissions as aviation. And the heavy fuel oil that powers its giant vessels is exceptionally dirty - packed with soot, black carbon and sulphur. So is it doing enough to clean up its act?Shipping is facing a big problem.In little more than a year from…

This Giant Gas Field Is Rising From The Dead

Russia has really warmed up to the idea of becoming a competitive player on the LNG market, as we have established several times, largely thanks to the Yamal LNG project. On the waves of success, the Russian Energy Ministry is now putting forward its own agenda during the latest session of Gas Exporting Countries Forum the new deputy minister I.

Sevan Marine Changes its Name to Magnora

Sevan Marine has changed its name to Magnora following the sale of its gas businesses to Singapore's Sembcorp Marine.According to a stock exchange announcement from the company famous for its cylindrical design for offshore rigs and production units, the new company name has now been registered with the Norwegian Register…
Connecting to Shorepower in Hamburg

Shorepower An Ongoing Debate - Cruise Industry News

Norways Kristiansand was the second European port to offer shorepower to cruise ships when its 16 MW installation came on line in September. The only other European port offering shorepower is Hamburg, at its Altona Terminal, while Livorno expects to be operational by the end of the year.A spokesperson for the Port of Hamburg…

The Law Has Two Aims: to Weaken Russia, to Make EU Dependent on US LNG Prof

Two US senators have introduced the European Energy Security and Diversification Act to combat what they called malign Russian influence and to create economic opportunities both in the US and abroad. The proposed legislation would authorize one billion dollars in US financing for European energy projects.Radio Sputnik discussed the legislation introduced by the US senators with Gerhard Mangott…

From Across The Big Pond

By Kathy A. SmithWith familiar faces, new partnerships and Houston office, Damen widens its North American profile with a flurry of new work orders.With a flourish and a flurry of new business, Damen’s new U.S.-based office officially opened in Houston, Texas on July 1, 2016. Registered as Damen Area Support North America BV Co.…