Gas News

 

Nakilat Posts 10.5% Surge in 9 Month's Net Profit

Oct 20, 2019

Qatari shipping and maritime company Qatar Gas Transport Company (Nakilat) reported a 10.5% year-on-year increase in net profit to QR728mn (USD 200 million) in the first nine months of this year.Nakilat, which has the largest LNG shipping fleet in the world…

Chevron Sets New Goals for Greenhouse Gas Reduction

Oct 03, 2019

American multinational energy giant Chevron Corporation unveils new goals to reduce oil production-related greenhouse gas (GHG) emissions by 5% to 10% over a seven-year period ending 2023 as part of an ongoing effort to combat global climate change…

US to Drive New-Build Gas Capacity

Sep 22, 2019

The US is expected to drive new-build gas processing capacity growth in the global gas processing industry from planned and announced (new-build) projects between 2019 and 2023, contributing around 24% of global gas processing capacity growth by 2023…

Aramco Rapidly Restores Production Capacity

Sep 18, 2019

Saudi Arabia's oil and gas giant Saudi Aramco announced that it will fully restore its production capacity by the end of September, in light of the Saturday's drone attacks that caused disruptions on around half of the country's oil capacity…

Qatar, Shell Partner on LNG Bunkering

Sep 18, 2019

State-owned Qatar Petroleum and the Netherlands-based oil and gas company Shell signed a shareholder agreement to establish a joint venture for global LNG bunkering services.The agreement signed by Qatar Petroleum’s Wave LNG Solutions and Shell Gas & Power Developments B…

Natural Gas to be 29% of World’s Energy Supply by 2050

Sep 10, 2019

The global oil demand will peak in the mid-2020s and gas demand will keep rising to 2033, says DNV GL.Gas demand will then plateau, and the fuel will remain dominant until the end of the forecast period in 2050, when it will account for over 29% of the world’s energy supply…

Saudi Aramco, World’s Most Profitable Co, Again

Aug 15, 2019

Saudi Aramco announced that its net income was $46.9 billion for the first half 2019, compared to $53.0 billion for the same period last year.  That easily outstripped corporate titans such as Apple Inc, Amazon.com Inc and other big oil producers…

Gothenburg Port Strengthens Biogas Bunkering

Jun 03, 2019

Bunkering liquefied biogas (LBG) at the Port of Gothenburg will become easier for the shipping sector with a new agreement signed between FordonsGas and Swedegas.'The new agreement between FordonsGas and Swedegas will ensure access to this renewable fuel…

VLGC Freight Rates Recover

May 19, 2019

The Very Large Gas Carrier (VLGC) freight rates started to recover towards the end of the first quarter as U.S. consumption reverted to seasonally lower levels pushing U.S. LPG prices down, widening the geographical LPG price arbitrage between the U…

Avance Gas Names Ulrik Andersen as CEO

Apr 14, 2019

Avance Gas Holding, a Bermuda-based company engaged in the transportation of liquefied petroleum gas, announced the appointment of Ulrik Andersen as Chief Executive Officer of Avance Gas AS, the management company of the Avance Gas group.Ulrik…

HEC tapped for Innovative Ship Design

Mar 26, 2019

Concept Development of Large Cryogenic Liquid Transport of High Value GasesHerbert Engineering was selected by Agility Gas Technology of Park Ridge NJ to develop a ship design concept that will capitalize on Agility’s novel, less expensive yet…

Inert Gas Production for Alfa Laval Training Center

Mar 19, 2019

An Alfa Laval Smit Combustion system (FU type) is now installed at the Alfa Laval Test & Training Center in Aalborg, Denmark. The system, which adds inert gas production to the center’s already comprehensive range of full-scale vessel applications…

Oil, Gas Majors Join Blockchain Consortium

Feb 27, 2019

A group of seven major oil and gas companies, including ExxonMobil Corp., Chevron Corp. and ConocoPhillips, announced a partnership to establish the first industry blockchain consortium in the United States.With several use cases across the industry value chain…

AsiaPac Oil and Gas Industry Looks Up

Jan 21, 2019

Confidence in the outlook for Asia Pacific’s oil and gas industry has more than doubled in the past two years, according to new research published by DNV GL, the technical advisor to the oil and gas industry.According to a new research from DNV GL…

Equinor, Faroe Petroleum in Asset Swap

Dec 05, 2018

Britain's Faroe Petroleum has agreed to swap oil and gas fields with Norwegian state firm Equinor as it fights a hostile takeover from Norwegian oil and gas operator DNO.It appears that Faroe in fight-back mode after DNO’s so-called ‘opportunistic’ bid…

Logistics News

Holt Lock Closed Due to Stability Concerns

Holt Lock Closed Due to Stability Concerns

CBP Cracking Down on Maritime Auto Theft

CBP Cracking Down on Maritime Auto Theft

US Army Corps of Engineers Names New Chief

US Army Corps of Engineers Names New Chief

US Importers Balk at Return of $10,000 Container Shipping Rate

US Importers Balk at Return of $10,000 Container Shipping Rate

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