InterOil Corporation and its joint venture partner, Pacific LNG Group, have entered into exclusive negotiations with ExxonMobil Papua New Guinea Ltd., a subsidiary of ExxonMobil, on the development of Petroleum Retention License 15 (PRL 15), which comprises the Elk and Antelope fields in the Gulf Province of Papua New Guinea. The transaction has been discussed [...]
FLEX LNG said its cash balances at 31 March were $ 4.9m (2012: $11.6m) with $1.4m net out flow (2012: $3.2 m) in the quarter. In the three months in 2013 the operating cash out flow was $1.3m (principally the operating loss excluding non cash and working capital movements ). The loss before tax was [...]
Lloyd’s Register has awarded Approved Training Provider (ATP) Certification to Hae Young Maritime Services Co. Ltd. (HMS), a subsidiary of Hyundai Merchant Marine Co. Ltd (HMM), one of Korea’s largest shipping companies. The HMS Training Center at Busan, Korea trains seafarers under The Society of International Gas Tanker and Terminal Operators (SIGTTO) training standards. [...]
May 24, 2013 | Posted in
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Höegh LNG of Norway said its total income was USD 29.5 million in the fist quarter of 2013, up 6 % from USD 27.7 million in the first quarter of 2012. Highlights – Operating profit before depreciation USD 7.5 million, up from USD 5.8 million in the first quarter 2012 – Loss before tax USD [...]
Altamira liquefied natural gas terminal in Mexico received a cargo of LNG from Nigeria today, according to the Port of Altamira website. The 154,000 cbm Trinity Glory arrived Thursday at the Port of Altamira, near Tampico, on the east coast of Mexico. The tanker sailed from Nigeria’s Bonny LNG terminal. In 2011, Vopak and Enagas have reached [...]
The head of the Government of Álava, Javier de Andrés, accompanied by the Mayor of Nanclares de la Oca, José Javier Martínez, and the head of Mobility Solutions at GAS NATURAL FENOSA, José Ramón Freire, today inaugurated Spain’s first liquefied natural gas fuelling station for road freight. The station consists of a 60 m3 deposit [...]
FMC Technologies has entrusted RINA Group’s company, RINA Services, with the Technology Qualification of its new technology loading arms designed for installation on the FSRU Toscana and also the Chiksan Articulated Tandem Offshore Loader (ATOL) marine loading arms. Both feature innovative technologies to transfer LNG in a marine environment, and both are now qualified to [...]
LNG shipper MISC said its revenue was at RM2,379.4 million in the quarter ended 31 March 2013 was 7.7% higher than the RM2,209.1 million revenue in the corresponding quarter. The increase in Group revenue was mainly due to higher revenue in Heavy Engineering from higher number of projects, combined with lease commencement of two Floating [...]
A recent overview of the North American LNG fueled drilling and fracking market by Zeus Development has identified LNG mobile fueling units as a linchpin for market development. Company analysis has suggested that roughly 30 of these units are, or will soon be, used in a variety of operations serving the oil and gas industry [...]
Osaka Gas has reached an agreement with Horizon Oil for its acquisition of part of the licences in Papua New Guinea currently held by Horizon Oil to develop condensate and natural gas resources. Horizon Oil has been engaged in a project to commercialize condensate and natural gas towards 2015. Osaka Gas, through this agreement, will [...]
May 23, 2013 | Posted in
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