Mitsui O.S.K. Lines, Ltd. signed a Memorandum of Understanding with the Far East Investment and Export Agency under the Ministry of the Russian Federation for the Development of the Far East to cooperate with each other in the development of the Northern Sea Route and the Russian Far East…
In line with the Nordic gas ecosystem, Gasum will be setting up heavy duty gas stations. The aim is to establish a tank infrastructure that meets the heavy transport segment's needs for rational logistics and accessibility. These establishments…
On a route with direct competition from LoLo carriers, WWL is shipping power generation components from Brazil to a hydroelectric power plant in Chile.Chile’s electricity system depends mostly on thermoelectric and hydroelectric power, and…
Qatar-based Nakilat (Qatar Gas Transport Company) has announced its financial results for the year ended December 31, 2017, with a net profit of QR 847 million (about USD 233 million). The earnings per share attained in 2017 was QR 1.53…
GTT announces it has received several orders, since the beginning of the year, for the equipment of three LNG Carriers (LNGCs) and one bunkering vessel. The three LNGCs, offering capacities ranging from 174,000 to 180,000 m3, will be built…
India imported a record 4.93 million barrels of oil per day (bpd) in January to feed its expanded refining capacity and meet rising demand, ship tracking data obtained from sources and data compiled by Thomson Reuters Oil Research & Forecasts showed…
Oil fell for a third day on Wednesday, dropping nearly 1 percent on concerns about rising U.S. production and another drop in financial markets after U.S. consumer prices rose more than expected.Brent crude futures fell 55 cents to $62.17 a barrel by 1350 GMT…
Russian energy giant Gazprom said on Monday it planned to reorganise its export operations to create an integrated international distribution unit responsible for all of its export deliveries, trading and marketing. Gazprom said in a statement…
The Hamburg-based Schulte Group said it has received clearance by the German Federal Cartel Office for the acquisition of the LNG specialist PRONAV.With this strategic move, the family-owned ship owner and manager continues to increase its…
Norwegian oil and gas specialist Aker Solutions has invested in floating wind power technology company Principle Power, with the aim to brings its offshore oil and gas field engineering experience to the renewable energy market. Aker Solutions…
Norwegian police have launched an investigation into a hydrogen gas leak at Statoil's Mongstad refinery in October 2016, the company said on Friday.Statoil temporarily shut and evacuated its main refinery on Norway's west coast when a rusted pipe socket ruptured…
DNV GL, the world’s largest resource of independent energy experts and certification body, has successfully completed a comprehensive due diligence project on the 730 MW Borssele III/IV construction-ready offshore wind project in the Netherlands…
The number of liquefied natural gas (LNG) tankers traversing the Panama Canal is expected to jump 50 percent by September due to rising exports of the fuel from the United States, the head of the canal's governing agency told Reuters. After adding a third set of locks in 2016…
The Port of Gothenburg has launched the construction of a liquefied natural gas (LNG) facility in an effort to open up new opportunities for LNG-fuelled ships. 'Construction of a liquefied natural gas (LNG) facility is now under way at the Port of Gothenburg…
The Stamford, Connecticut-based Dorian LPG has reached a sale and bareboat charter arrangement for its 84,000 cbm carrier Concorde. The liquified petroleum gas shipping company entered into the USD 70 million deal that closed on January 31…