Chinese shipyard owner Wison Offshore and Marine signed a strategic cooperation agreement with French maritime LNG storage tank technology firm GTT.
Air Liquide, the France-based industrial gases company, said its US business signed a new contract with Kinetrex Energy, the leading supplier of LNG in the US Midwest and a promoter of clean-fuel ventures.
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Aker Solutions, the Norwegian energy project engineering and services company, said it was bolstering its liquefied natural gas capabilities and had hired more project specialists to capitalize on an expected surge in global demand for the fuel.
KBR Inc., the US energy and LNG engineering company, reported a profit in the third quarter following a loss in the same period a year ago as future income will come from natural gas and LNG projects over the next few years after contract wins in Senegal, Mauritania, Algeria and Abu Dhabi.
Our Europe editor
China has won the election with a woman candidate for the Presidency of the International Gas Union to succeed the current US President of the leading policy body for the global LNG and natural gas industry.
Air Products, the largest global maker of LNG equipment, reported rises in quarterly and annual profits as it described itself as having the strongest balance sheet in the industry with a war chest for acquisitions and investments of more than $8 billion.
Gasconsult, the UK-based supplier of a proprietary and patented methane cycle liquefaction technology, has awarded a contract to US LNG and energy engineers CB&I for development of its ZR-LNG liquefaction process.
US LNG and gas equipment maker Chart Industries reported a third-quarter sales rise of 18 percent, boosted by demand for small-scale LNG equipment in Asia and other markets.
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Anadarko Petroleum Corp., one of the main participants in projects to develop LNG production in Mozambique, reported a third-quarter net loss as it finalized the legal framework for its southeast African liquefaction plant and sealed a sales contract to supply cargoes to Thailand.
Kosmos Energy, the partner of BP in the offshore West Africa floating LNG projects using feed-gas from Senegal and Mauritania, said it was continuing its drilling programme in what is the early stages of opening a newly emerging basin containing multiple leads and prospects.
Asia’s biggest growth economies gradually increase imports of LNG
Our Asia-Pacific editor
China and India both imported more liquefied natural gas in September as the Asian market braced for a rise in winter season prices and long-term prospects for demand in the two largest economies remained bright.
Our Asia-Pacific editor
TechnipFMC, the French-US energy and subsea engineering company, posted lower third-quarter revenues and income as its work was almost completed on two of the world’s most difficult LNG projects. Prelude FLN offshore Australia and the Yamal LNG plant in Arctic Russia.
Gaztransport and Technigaz (GTT), the French LNG maritime storage company, was awarded a services contract for the 10 membrane cargo containment tanks on board the Royal Dutch Shell Prelude floating LNG hull deployed offshore northwest Australia.
Kinder Morgan, the US pipeline company, has received permission from US regulators to advance with further work on storage for its export project at Elba Island near Savannah in the state of Georgia.
Atlas Copco LNG order
Atlas Copco Gas and Process Division, based in the German city of Cologne, secured a compressor order for the LNG carrier shipbuilding market in Asia. The order was placed by Samsung Heavy Industries of South Korea for a total of four centrifugal gas compressors, four gas screws compressors and with heaters and vaporizers to be used on two Korean-built vessels. “Specifically, the vapor return compressors will provide tank pressure control during loading and the fuel-gas compressors will feed excess boil-off gas to the gas engine during operations,” said Atlas Copco. “This order is a very important step for Atlas Copco in the Asian LNG market,” said Robert Radimeczky, President of the Gas and Process Division.
Anthony Veder LNG conversion
Royal Dutch Shell and Dutch shipping company Anthony Veder have signed a contract to modify the small-scale LNG carrier “Coral Methane” into an LNG bunker vessel. The modification marks the first of its kind and will entail integration of specific LNG bunker equipment into the vessel. The 7,500 cubic metres capacity ship currently operates as on a multipurpose basis.
Pipeline boost for Marcellus
Tennessee Zone 4 Marcellus shale-gas spot prices increased $1.71 from $0.52 per million British thermal unit to $2.23 per MMBtu in the week. “Marcellus prices likely increased this week as a result of a combination of cold weather in the Northeast and the commencement of service of the Access South and Adair Southwest pipelines,” said the Energy Information Administration.