In this issue

 

Investments are put on hold and projects delayed to help revival Our Europe editor The postponement of the LNG Canada final investment decision from April until the end of the year and hold-ups…
Our North America editor Anadarko Petroleum, one of the developers of the main liquefied natural gas project of Mozambique, posted fourth-quarter and annual losses of $1.25 billion and $6.69Bln respectively…
Oregon LNG, one of only two export projects in the US Northwest, has been informed by regulators of a five-month delay in releasing the final environmental impact statement.
Our Asia editor Gas Authority of India (GAIL), the transmission company and LNG importer, has won a supreme court ruling in New Delhi to resume pipeline construction to revive the…
Italian engineering and construction company Saipem said it expected to appeal a guilty verdict and a fine imposed by a court in Algeria for alleged irregularities in its winning of…
Mitsubishi Corp. of Japan has completed the transaction to take over the whole of US natural gas and oil marketing company Cima Energy to strengthen its position in liquefied natural…
French energy company Total has moved ahead in placing cargoes from its growing global portfolio with two new agreements with Indonesia and China.
Air Products, the world's leading supplier of liquefied natural gas process technology and equipment, has weathered the energy storm well by reporting quarterly net income of $387 million, an increase…
Our Europe editor Exmar, the Belgian LNG shipping company and project developer, expects delivery of its Floating LNG production hull from its Chinese shipyard in the second quarter and is…
GasLog Partners, the US unit of the Greek-controlled liquefied natural gas carrier company, said the LNG shipping sector was set to benefit from delivering greater volumes from new projects, the…
Western Europe's leading classification society DNV GL and the Russian Maritime Register of Shipping signed a cooperation agreement in St. Petersburg covering the Polar Code, including the transport of liquefied…
Danish shipping company Evergas said it took delivery of its fourth 27,500 cubic metres capacity multigas LNG carrier it ordered under a construction programme in China.
Our Asia-Pacific editor Lower oil prices and their impact on the global liquefied natural gas industry and on investment and schedules for future projects will be discussed at the main…
Ophir will work with Schlumberger to agree definitive deal on Fortuna Our Europe editor Ophir Energy of the UK has signed an accord paving the way for the purchase by US energy services…

News Nudges

Burckhardt LNG order

Swiss company Burckhardt Compression said it was awarded a contract to equip a 30,000 cubic metres capacity LNG carrier operated by Knutsen OAS Shipping of Norway with its Laby brand of compressors. Burckhardt said the compressors would be delivered to the South Korean Hyundai Mipo Dockyard as part of the fuel gas supply system built by Wartsila Oil & Gas Solutions of Finland. Wartsila is supplying the LNG carrier’s WinGD X-DF 2-stroke, dual-fuel engine with LNG boil-off gas as fuel.


Shell sale for $965M

Royal Dutch Shell said its offshore unit signed an agreement to sell its 22.45 percent stake in the Caesar-Tonga field in the US Gulf of Mexico to Delek CT Investment, a subsidiary of Israel’s Delek Group, a stakeholders in East Mediterranean natural gas fields with LNG options. Shell said the sale price was $965 million in cash. “The sale will contribute to Shell’s ongoing divestment programme and allow us to direct resources to the areas where we see the most value,” said Andy Brown, Upstream Director of Shell.


LNG Canada changeover

LNG Canada, the Royal Dutch Shell-led joint venture in British Columbia, said that Chief Executive Andy Calitz would step down on July 1 to be replaced by another Canada-based Shell executive Peter Zebedee. The announcement comes six months after LNG Canada’s positive final investment decision to build the export plant near the town of Kitimat.