Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company, announces financial results for the first quarter ended 31 March 2013.Financial highlights:• Net profit of AED 241 million, up 17% year-on-year• Production of 61…
Crowley Maritime Corporation's petroleum services group is entering the Liquefied Natural Gas (LNG) market by acquiring Carib Energy LLC. Florida-based Carib Energy, founded in 2011, was the first company to receive a small scale, 25-year, LNG export license from the U…
Interlake Steamship moves toward upgrading its fleet to energy efficient, more environmentally friendly LNG fuel.The company has announced that it has reached an agreement in principle with Shell to supply liquefied natural gas (LNG) to support…
Japanese trade minister Toshimitsu Motegi calls for early U.S. approval for exports to his country of liquefied natural gas (LNG).The Japanese minister made his request at a meeting with Acting Energy Secretary Daniel Poneman, stating that…
In his newly published book, industry expert Nigel Draffin answers the key questions about LNG bunker fuel.The publishers, Petrospot, say that Nigel Draffin answers the key questions about LNG bunker fuel in his usual informative and lucid style…
One of MAN Diesel & Turbo’s oldest licensees, Mitsui, hosts a demonstration of the ME-GI marine diesel engine at its Tamono works.A large assembly of guests attended the demonstration and the following reception where, among others, MAN Diesel & Turbo’s Dr…
China Shipping Development and Sinopec Kantons are to spend HK$11.71 billion to buy six LNG carriers, which will be chartered to Sinopec.The two companies have set up a joint venture China Energy Shipping Investment (CESI) which is 51 percent…
StealthGas Inc., has increased the size of its stock offering, & will sell 10-million shares at $10 each using the proceeds towards purchase of 5 ships.The gross proceeds from the offering before the underwriting discount and other offering expenses are $100…
GDF sign significant agreements with Chinese partners for an LNG carrier charter, gas storage and regasification facilities.An agreement with the China National Offshore Oil Corporation (CNOOC) schedules the sub-chartering of the GDF SUEZ…
The Coast Guard is responding to a report of a barge explosion on the ship channel in Mobile Bay Wednesday. Coast Guard Sector Mobile watchstanders received the initial notification at 8:40 p.m. reporting the barge explosion between the…
United LNG, LP and Petronet LNG Limited, India's largest LNG importer, agree to supply LNG from the Main Pass Energy Hub™ project in the Gulf of Mexico.The (conditional) agreement was signed by Petronet LNG Managing Director & CEO, Dr. A.K…
Amarcon and GTT to develop technology that enhances the quality of sloshing measurement & prediction for LNG carriers.Amarcon, a member of the ABB group, has signed a cooperation agreement with GTT (Gaztransport & Technigaz) to market and…
Mitsui Engineering & Shipbuilding Co., Ltd. in cooperation with Mitsui OSK Lines recently carried out a full-scale demonstrational running of electronically controlled slow-speed diesel engine for marine use burning natural gas, which is the first of its kind in Japan and is called ME-GI…
The European consortium for Short Sea Shipping (SSS) chooses 8 ships to provide an insight into feasibility of LNG as a bunker fuel.The selection of ships took place in close co-operation between the SSS consortium partners. Both new designs…
Adoption of, and interest in, LNG-as-fuel for ships is gathering pace but challenge is as much in safe bunkering and port operations as in ship design. LNG bunkering guidance is one of the key subjects addressed in LR’s latest Gas Technology Report…