U.S. liquefied natural gas company Tellurian Inc said on Wednesday it expects to start construction on its Driftwood LNG export terminal in Louisiana in the first half of 2019 and begin operations in 2023.Chief Executive Meg Gentle said in the…
Reederei Nord and Synergy Group, on behalf of Nissen Kaiun, have officially launched N2Tankers, a new Aframax tanker pool the two shipowning companies have set up as a joint venture.N2Tankers brings the shipowning and operational expertise of…
Greece-based ship-owning company TOP Ships announced that it has agreed a new time charter employment contract for 2 years with BP Shipping Ltd for its product/chemical tanker M/T Eco Revolution.The international owner and operator of modern…
The development that saw no U.S. seaborne exports of crude oil to China in August has continued into September, according to BIMCO. This is despite crude oil not being a part of the ‘official trade war’.“The trade war between the U.S. and China…
Product and chemical tanker operator Ardmore Shipping has chosen SEDNA as its new email management and team collaboration platform for their global commercial desks, including operations, chartering and commercial finance teams.According to Ha Eun Ruppelt…
Angola's liquefied natural gas (LNG) export plant has offered to sell a cargo for delivery into Asia in December, two industry sources said on Friday.Bids are due by Nov. 6, and are to remain valid until Nov. 7, one of them said.(Reporting by Jessica Jaganathan, Editing by Sherry Jacob-Phillips)
The European Commission said that the EC has approved under EU State aid rules the compensation granted by Lithuania to LITGAS for supplying a mandatory quantity of liquefied natural gas (LNG) to the LNG terminal in Klaipėda.In November 2013…
China Petrochemical Corp, known as Sinopec, said on Thursday that the second phase of its Tianjin LNG receiving terminal in the north of the country was approved by the Tianjin Development and Reform Commission on Oct. 29.The terminal, which received its first cargo in February this year…
China's state-run Zhenhua Oil purchased its first liquefied natural gas (LNG) cargo from Chevron Corp to supply a South China-receiving terminal that it won access to in a recent auction, according to Zhenhua officials on Thursday.The 100-million-cubic-meter cargo was purchased at about $0…
Iraq's oil exports from southern ports on the Gulf averaged 3.469 million barrels per day (bpd) in October, lower than the September average, the oil ministry said on Thursday.Iraq exported 3.560 million bpd of crude oil in September.Iraqi oil…
The Philippines has short-listed three different groups to build and operate its first liquefied natural gas (LNG) import terminal and hopes to nominate one by November, its energy minister said on Tuesday.Short-listed companies were chosen from 18 groups that submitted proposals for the project…
Port to build oil export terminalPrivate equity firm Carlyle Group will partner with the Port of Corpus Christi, the top oil export hub in the United States, to develop a major crude oil export terminal on Harbor Island.Carlyle's announcement comes as infrastructure in the U…
Qatar Gas Transport Company (Nakilat) has reported about 8.5% year-on-year increase in net profit to QR659mn (USD 181 million) during January-September this year.'Nakilat’s stronger performance is a result of the company’s successful expansion…
Singapore Petroleum Company, a subsidiary of PetroChina International, said in a statement on Friday it completed a new oil products storage and distribution terminal on Jurong Island, an artificial island off Singapore's southwest coast.The…
Headline rates for shipping liquefied natural gas (LNG) in Pacific and Atlantic basins stand at around $140,000 to $150,000 a day for a 160,000 cubic meter LNG tri-fuel diesel electric (TFDE) vessel, brokers say.That is a 6-year high and compares to Atlantic basin rates of $75…