Headlines

Petronas lifts first topside module for PFLNG1

Petronas lifts first topside module for PFLNG1

Petronas commenced the lifting of the first topside module for its floating liquefied natural gas (PFLNG1) facility at the Quayside of Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in Okpo, South Korea.  The topside module lifting marks another major construction milestone for the facility, as it signifies the near completion of the PFLNG1, which will be […]

Dynagas LNG Partners adds to its fleet

Dynagas LNG Partners adds to its fleet

Dynagas LNG Partners, an owner and operator of LNG carriers, has entered into an agreement to buy the Yenisei River LNG tanker for about $257.5 million.  The company will purchase the 2013 built ice class vessel and the related time charter contract from Dynagas Holding, the partnership’s sponsor, it said in a statement. Closing of the acquisition of the Yenisei River […]

Pavilion inks LNG deal with BP

Pavilion inks LNG deal with BP

Singapore’s Pavilion Energy, a subsidiary of Temasek, said it has signed a deal to buy liquefied natural gas from energy giant BP.  Pavilion Gas, a unit of Pavilion Energy, has secured a total of 0.4 million tonnes per annum of LNG supply from BP for a tenure of 20 years starting from 2019. The LNG supply will […]

Excelerate Energy bags Dubai FSRU charter

Excelerate Energy bags Dubai FSRU charter

Texas-based Excelerate Energy has entered into a 10-year charter deal with Dubai Supply Authority (DUSUP) to provide and operate an FSRU that will be located at DUSUP’s existing Jebel Ali LNG import terminal.  DUSUP is responsible for supplying energy to a number of key utility and industrial companies in Dubai and has partnered with Excelerate in order […]

Former BG CEO joins Golar LNG as chairman

Former BG CEO joins Golar LNG as chairman

Former BG chief executive Frank Chapman has been appointed to the board of directors of Golar LNG and will act as the company’s chairman.  Frank Chapman has worked 40 years in the oil and gas industry culminating in a twelve-year period as chief executive of LNG player BG. Chapman is currently a non-executive director of Rolls-Royce and chairman of […]

Siemens to acquire Dresser-Rand

Siemens to acquire Dresser-Rand

German engineering giant Siemens said it has entered into an agreement to buy Dresser-Rand, a U.S. oil, gas and small-scale LNG equipment maker.  Siemens’ bid was unanimously supported by Dresser-Rand’s Board of Directors. The offer price is $83 per common share in cash, or a total transaction value of approximately $7.6 billion (about €5.8 billion). “With its […]

Magnolia LNG reaches milestones

Magnolia LNG reaches milestones

Magnolia LNG, a unit of LNG Limited, said that the company achieved two significant milestones this past week in progressing its pending application with the Federal Energy Regulatory Commission (FERC) for its proposed 8 mtpa LNG export project located in Lake Charles, Louisiana, USA: The US Coast Guard (USCG) has issued a Letter of Recommendation dated […]

Top news of the week September 15-20, 2014

Top news of the week September 15-20, 2014

Freeport LNG given final Clean Air Act approval by FERC In accordance with the National Environmental Policy Act of 1969 and the Clean Air Act, the FERC staff has prepared a final General Conformity Determination (GCD) for the Freeport LNG Liquefaction and Phase II modification projects. Air Products technology for Freeport LNG Air Products signed […]

Oman Drydock completes LNG repair contract

Oman Drydock completes LNG repair contract

Oman Drydock Company (ODC), one of the largest ship repair yards in the Middle East, said it has completed work on the Ibra LNG tanker, owned by Oman Shipping Company (OSC). It is the first membrane containment LNG vessel to be repaired at the yard after ODC passed stringent tests, to be awarded the GTT quality […]

BW orders LNG duo from DSME

BW orders LNG duo from DSME

BW said it has signed shipbuilding contracts with DSME of South Korea for two LNG carriers with options for additional vessels. The two firm newbuildings will be delivered in late 2017 and early 2018 and have been specified to meet next generation LNG shipping requirements. The vessels will have the highest technical standards with a series […]







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