LNG

Teekay LNG Partners, the Bermuda-based carrier fleet operator for the global shipping line, posted a first-quarter profit as it pressed ahead with putting four new carriers in charter, including two for delivering cargoes from the Yamal LNG project in the Arctic region of Russian.

BP Chief Executive Bob Dudley said the first pillar of the UK major’s strategy recognises that oil and gas will be important for decades as he listed vital projects he is pressing ahead with, including a floating LNG venture to be developed offshore West Africa and other LNG and gas…

Tellurian Inc., the developer of the US Driftwood LNG plant near Lake Charles in Louisiana to match the Sabine Pass venture of Cheniere Energy with 27 million tonnes per annum of output, plans to sell 10 million of its common shares in a public offering on the Nasdaq global exchange.

Leading global ship satellite intelligence company MarineTraffic, whose service enables the tracking of the global LNG fleet and other vessels, has signed an accord with the United Nations Conference on Trade and Development (UNCTAD) for both organisations to enhance their services and allow for more accurate analysis of international trade and shipping trends.