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Tellurian in LNG Supply Deal with Vitol

Dec 09, 2018

Tellurian announced that its subsidiary, Tellurian Trading, has entered into a Memorandum of Understanding (MOU) with Vitol to supply 1.5 million tonnes per annum of liquefied natural gas (LNG) from Tellurian Trading’s LNG offtake capacity at the proposed Driftwood LNG export terminal…

Nordea to Boost Finance for LNG Shipping

Dec 06, 2018

Nordea Bank aims to increase shipping finance activities to the growing liquefied natural gas (LNG) industry, executives at one of the world's biggest shipping financiers said.China's crackdown on pollution and its growing demand for more environmentally friendly sources of power…

Yamal LNG Fills-up 100th Tanker

Dec 05, 2018

Novatek’s Yamal LNG plant in the Russian Arctic has shipped its 100th tanker-load – bringing the total volumes shipped by the plant to 7.4 mt since it entered operations in December 2017.The ice-class Arc7 LNG carrier Fedor Litke was the 100th tanker to be loaded with LNG…

IOC: 5-year Tender on Scrubber-fitted Tankers

Dec 04, 2018

Indian Oil Corp (IOC) issued a global tender to charter scrubber-fitted oil tankers for at least five years to import Iraqi oil, a tender document seen by Reuters showed.The tender says Indian shippers will be given first right of refusal for…

Russia's Rosneft Signs Oil and Gas Deal with China

Dec 02, 2018

Russian oil giant Rosneft said that China National Chemical, known as ChemChina, agreed to purchase 2.4 million tons a year of crude oil. That amount is equivalent to 6% of Rosneft's total exports to China in 2017.Crude oil from Eastern Siberia…

KNOT Offshore CEO/CFO John Costain Steps Down

Nov 29, 2018

UK-based KNOT Offshore Partners has announced that John Costain has decided to step down as CEO and CFO of the partnership.'Although Costain is resigning in order to pursue other interests outside of the partnership, he will be available for the partnership until 31 May 2019…

Petronas, Vitol Asia Pact for LNG Supply Deal

Nov 29, 2018

Malaysian oil and gas company Petroliam Nasional Berhad (Petronas) through its subsidiary, Petronas LNG Ltd (PLL) and Vitol Asia Pte Ltd (Vitol) announced the signing of binding Heads of Agreement (HOA) for long-term liquefied natural gas (LNG) sale and purchase (SPA) agreement…

Maersk Rosyth Completes 1,000 Voyages with ExxonMobil

Nov 29, 2018

Maersk Rosyth, the Handysize vessel, has been on time charter with an ExxonMobil marine affiliate for 15 years and has recently completed her 1,000th voyage, demonstrating Maersk Tankers' long-term relationship with the customer.'A voyage Maersk Rosyth has done 1…

Tank Storage Association Cautious on EU's Approval of Brexit

Nov 26, 2018

European Union (EU) leaders approved the agreement on the UK’s withdrawal and future relations with the EU.Tank Storage Association (TSA) recognises that the agreement still needs to go through the UK Parliamentary process before it is approved…

SafeSTS Debuts in the Middle East

Nov 22, 2018

SafeSTS, which is owned by Future Marine Services, has made a strong start in the Middle East  region, undertaking five UAE ship-to-ship transfers for two oil majors in its first six weeks of operation.The charterers to conduct ship-to-ship…

Novatek Kicks-off Yamal LNG's Train 3

Nov 22, 2018

Russia's Novatek has begun production of the commissioning LNG from its third 5.5 million mt/year train at the Yamal LNG project, bringing the plant's total capacity to 16.5 mln tonnes of LNG per year.“We have successfully launched all three…

First LPG Shipped from Ichthys Project

Nov 20, 2018

Japan's Inpex Corp said it had sent the first liquefied petroleum gas (LPG) shipment from its giant Ichthys project in Australia.The LPG vessel Hellas Gladiator departed the onshore liquefaction plant at the Ichthys LNG Terminal in Darwin, the company said in a statement late on Friday…

China CNOOC receives first LNG shipment from Russia's Yamal project

Nov 20, 2018

China National Offshore Oil Co, or CNOOC, offloaded a liquefied natural gas (LNG) cargo on Nov. 11 shipped from Yamal, first of its kind the Chinese firm received from the Russian Arctic gas project, CNOOC said on its website on Tuesday.The cargo…

Bangladesh Resolves FSRU Issues

Nov 19, 2018

Bangladesh will resume liquefied natural gas (LNG) imports this week after resolving issues with its sole floating storage and regasification (FSRU) unit, a senior official said on Monday.Two cargoes, meant to be delivered on Nov. 7 and Nov…

BP to Supply Crude to St. Croix Refinery

Nov 16, 2018

BP Plc's trading arm on Friday entered a tolling agreement with the owners of an idled oil refinery in St. Croix, U.S. Virgin Islands, cementing plans to bring the plant back online six years after it was idled by previous owners, the company said…

Current News

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LNG Momentum Swinging Back to Asia as Europe Demand Eases: Russell

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MEO Group Orders Five Crew Boats from Penguin

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Palantir, Trafigura to Track Carbon Emissions for Oil, Metals industry

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ADNOC, BP and Masdar in Hydrogen and Technology Partnership

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S. Korea Court Dismisses Application Against Barossa Pipeline Funding

S. Korea Court Dismisses Application Against Barossa Pipeline Funding
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