Gdf Suez News

The U.S. Coast Guard coordinated the tow of a disabled 611-foot freighter into the port of New York and New Jersey after it lost propulsion over 100 miles offshore in the Atlantic Ocean on Tuesday, August 21.At around 9 p.m. on Tuesday, watchstanders at Coast Guard Sector New York received a report that the Panama-flagged bulk carrier GDF Suez North Sea with 21 crew aboard, was disabled. The Coast Guard monitored the situation over the following days as the crew attempted to repair the propulsion system.By Thursday night…

The trading arm of China National Offshore Oil Corp (CNOOC) struck a three-year lease for a bigger floating storage and regasification unit (FSRU) from Hoegh LNG as it seeks to boost imports of liquefied natural gas (LNG).In a statement, shipowner Hoegh LNG said its Esperanza FSRU was contracted to CNOOC Gas & Power Trading and Marketing.The floating liquefied natural gas (LNG) import terminal will be based in Tianjin as a replacement for Hoegh's GDF Suez Cape Anne FSRU, recently redeployed from China to India.The Esperanza is larger…

Liquefied natural gas tanker BW GDF Suez Brussels is due to arrive at the port of Rotterdam on February 18, Reuters shipping data show.   The tanker has a capacity of 159,300 cubic metres. (Reporting by Lefteris Karagiannopoulos; editing by Jason Neely)

Global LNG Bunkering market is expected to grow from $248.64 million in 2016 to reach $8187.35 million by 2023 with a CAGR of 64.7%. According to Stratistics MRC, growing marine logistic business, cost efficient LNG products, and imposing environmental regulations on chemical emissions are some of the factors bolstering the market growth. In addition, easy deployment facility is another factor fuelling the market growth. However, higher capital investments, poor bunkering infrastructure are the factors inhibiting the market growth. Offshore Support Vessels (OSVs) segment is anticipated to be the largest market for the global LNG Bunkering market during the forecast period. The growth is attributed to feasible operations during shipping and loading.

Damen Shiprepair Brest (DSBr) said it has completed a two week maintenance program on the 290-meter, 101,000 GT liquefied natural gas (LNG) carrier GDF Suez Point Fortin. In addition to its expertise and facilities, Operator MOL LNG Transport (Europe) Ltd and ENGIE as charterer selected DSBr because it is one of the first European yards capable of performing modifications works on board LNG carriers when ‘gassed-up’, according to DSBr. The works took place in the second half of May and included a full…

Damen Shiprepair Brest (DSBr) has completed a renewal survey maintenance program on the 290-meter LNG carrier Gaselys. Co-owned by NYK Line of Japan and ENGIE (formerly GDF SUEZ), operated by Gazocean and chartered by ENGIE, the 10-year old vessel came into DSBr for a regular periodical docking that included a full schedule of works. When she was launched in 2007 the Gaselys was, along with her sister ship the Provalys, the largest LNG carrier ever built. Today they are still among the largest in operation anywhere in the world.

Once considered the future of gas production, floating liquefied natural gas (FLNG) projects have been firmly relegated to the backburner as global gas producers seek cheaper ways to compete with a surge in U.S. shale supplies and slumping prices. FLNG projects - mega tankers fitted with gas extraction and liquefaction facilities - allow producers to tap offshore gas wells and ship LNG without having to build costly pipelines to onshore plants. Owners can move the vessels to new fields when production at an old one ends, slashing asset end-of-life costs.

As weak demand in India forces it to stall some contracted supply, GAIL India Ltd (GAIL) is in talks with Russia's Gazprom to delay and renegotiate a 20-year gas purchase deal undercut by low spot prices, reports Reuters. GAIL  and Gazprom had earlier signed a deal for two decades at a price linked to oil, adding to contracts to buy the fuel from GDF Suez SA and Gas Natural Fenosa this year. Accordingly, GAIL will buy 2.5 million tonnes (3.5 billion cubic metres) a year of liquefied natural gas from Russia’s monopoly gas exporter starting in 2018 and 2019. Shipments under the deal are linked to crude oil prices which are rising while gas prices are expected to stay subdued for longer as major new production plants in Australia and the United States start up.

Shell said a small fire occurred at the construction site in South Korea for its huge floating Prelude liquefied natural gas (LNG) project, with work resuming immediately and an investigation underway. The incident would not have an impact on the delivery schedule, according to a source in South Korea. Shell has declined to reveal the timetable or the budget for Prelude, based on a giant processing vessel being built in Samsung Heavy Industries' Geoje shipyard that will be towed to a gas field off the west Australia coast.

Customer-case shows potential for a 40% reduction in engineering hours on subsea paperwork, and up to 80% less documentation. A cross-industry project led by DNV GL to halt the boom in subsea documentation shows that implementing a standardized approach can significantly reduce engineering hours. The two-year collaboration led by DNV GL has concluded in a publicly available Recommended Practice which can reduce the amount of subsea documentation and enable documentation reuse in a typical subsea field development project. DNVGL-RP-O101 ‘Technical documentation for subsea projects’ details a required minimum set of documentation transferred between E&P companies, operators and contractors for the construction, procurement and operation of a field.

Bureau Veritas announces the appointment of Nicolas Tissot as Executive Vice-President and Chief Financial Officer. He replaces Sami Badarani, who has decided to leave the company to pursue new professional opportunities. Nicolas Tissot has solid management and finance experience gained in key roles within international groups. Before joining Bureau Veritas, he was Chief Operating Officer (COO) and Executive Committee member of SCOR. He previously held various roles, including finance director positions at Alstom and ENGIE (GDF Suez). Didier Michaud-Daniel, Chief Executive Officer of Bureau Veritas, said, "I am very happy to announce the arrival of Nicolas Tissot, who will hold a key post within Bureau Veritas.

Veson Nautical, a  provider of commercial maritime software and services, has announced that despite challenging times in the shipping industry, the company has added 42 new clients from around the globe over the past 18 months. Twenty of the new clients are from the wet and gas segments, including shipping notables such as BW Maritime Pte Ltd, Dorian LPG (USA) LLC, ENGIE (formerly GDF Suez Energy Management Trading), Hoegh LNG, and PetroChina International (Singapore) Pte Ltd. Nineteen new clients include well-known dry bulk companies such as Nova Marine Carriers SA, South32 Marketing Pte Ltd and Western Bulk ASA. Trafigura Pte Ltd is one of three new clients that manage a mix of dry and wet business.

Transparency Market Research (TMR) have given a detailed insights and analysis of the global market for LNG bunkering fuel in its recently published market research report. On the basis of capacity, the market, which had a valuation of mere 70 kilo tons in 2013, is projected to expand at an astounding 63.6% CAGR between 2014 and 2025 and reach 22,540 kilo tons by 2025. The report includes an analysis of market’s historical statistics to present an overview of the growth trajectory exhibited by the global LNG bunkering market over the past few years and forecasts the course the market is likely to adopt over the report’s forecast period.

Nigeria Liquefied Natural Gas Company (NLNG) expects to take delivery of four LNG carrier ships before year-end and another two next year, its chief executive said, positioning the state-backed gas exporter to expand its share of the growing market. NLNG signed agreements with South Korea's Samsung Heavy Industries and Hyundai Heavy Industries in 2013 to acquire six LNG carrier ships, costing more than $1.2 billion, to boost its fleet of 23. It had tapped South Korea Export and Import Bank and other lenders to fund the construction, CEO Babs Omotowa said. Omotowa said the global market for LNG - natural gas that has been cooled to a liquid form, which shrinks the volume and makes it easier to store and ship - was forecast to grow to 430 million tonnes per year by 2030 from 230 million now.

Uruguay's state-owned Gas Sayago said civil works for an LNG regasification terminal are due to begin again after five months of delays, putting back on track a $1.1 billion project for the country's first such facility. Gas Sayago, a joint venture by two state-owned companies, Ancap and UTE, informed that replacement contractors have been found for Constructora OAS, a Brazilian company that was hired to build a breakwater and wharfs for the terminal, but pulled out of the deal in February, Platts reports. Gas Sayago President Cesar Briozzo declined to name the new subcontractors in a statement, citing confidentiality agreements. The rest of the project is on track…

A liquefied natural gas (LNG) delivery bound for Britain may have been diverted on Wednesday towards North America, according to live ship-tracking data on Reuters Eikon. The GDF Suez Point Fortin tanker was initially due to unload its Algerian cargo in Britain's Isle of Grain terminal on May 6-7. Shipping data shows it has changed course four times in the past 48 hours, before finally breaking out of its previous shipping channel earlier on Wednesday. The 154,200 cubic metre capacity vessel is still listed as bound for Britain, even though it has deviated course. Two sources said the tanker, which is owned by Engie, formerly known as GDF Suez, could be sailing towards the Everett import terminal near Boston, where Engie owns import capacity. It was not possible to confirm this.

Britain's Isle of Grain liquefied natural gas (LNG) import terminal is set to receive the GDF Suez Point Fortin tanker on around May 6, live ship-tracking data on Reuters Eikon shows. The 154,200 cubic metre capacity vessel is currently off the Portuguese coast and is listed as inbound for the Isle of Grain. The vessel appears to have last docked at Algeria's Arzew LNG export plant, where it may have loaded its cargo. Reporting by Oleg Vukmanovic

Wintershall has taken over the operatorship of the subsea oil and gas field Vega from Statoil, Wintershall announced today. Vega is the BASF subsidiary’s first operated subsea tie-in field in Norway. With this transfer, Germany-based Wintershall now operates two production fields on the Norwegian Continental Shelf, Brage and Vega. The takeover of the Vega operatorship is part of a transaction with Statoil that was completed in December 2014. Winteshall is currently producing more than 60,000 barrels of oil equivalent per day in Norway.

Following Yemen's lifted force majeure on liquefied natural gas (LNG) deliveries from its Balhaf plant, the facility stopped operations on Sunday, and evacuated foreign experts from the facility, Reuters informed. Yemeni government announced force majeure on the Balhaf terminal, operated by France's Total, following the collapse of the government and the deteriorating security in the country. By doing so, they essentially allowed buyers or sellers to go back on previously made commitments due to events beyond their control. The last vessel to leave the LNG facility was the GDF Suez Point Fortin, and the Marib Spirit, which was on its way to Balhaf, was diverted to Middle East. The Balhaf gas export terminal ships LNG primarily to Asia and to some European countries.

Gaztransport & Technigaz S.A. (GTT) announces that H&F Luxembourg 1 S.à.r.l., an affiliate of Hellman & Friedman, has completed the sale of its remaining holding in the share capital of GTT in a private placement to institutional investors. Hellman & Friedman acquired its stake in GTT in 2008 and became a shareholder alongside Total S.A. and GDF Suez S.A. In February 2014, GTT completed its successful initial public offering (IPO), representing a market capitalization of EUR 1.7 billion. Patrick Healy, Managing Director and Deputy CEO of Hellman & Friedman said, "The sale of our remaining stake in GTT brings a conclusion to H&F's partnership with GTT starting with our investment in 2008 and the highly successful IPO in February 2014.

Japan's Tokyo Electric Power Co and Chubu Electric Power Co,, are expected to buy a total of six cargoes of liquefied natural gas (LNG) from Vitol and GDF Suez in their first joint tender, three traders said on Friday. "They are waiting for the government to confirm," one of the traders said. Vitol and GDF Suez are expected to supply three cargoes each, the traders said. This is the first time the Japanese utilities have jointly tendered for LNG, aiming to reduce procurement costs for two of the world's biggest LNG buyers. "It's unusual in Japan for two big companies to approach jointly a tender, usually what they do is they don't even tender, they just talk to their suppliers," a trader said.

Europe's largest oil company Royal Dutch Shell and French firm GDF Suez are likely to take 26 percent stake each in GAIL India Ltd’s proposed ‘floating LNG import terminal’ at Kakinada in Andhra Pradesh. Andhra Pradesh Gas Distribution Corp (APGDC) – a joint venture of GAIL Gas and Andhra Pradesh Gas Infrastructure Corp (APGIC) will have the remaining 48% share. Shell, GDF and GAIL on Thursday also signed an agreement to procure LNG for the project. The 3.5-million-tonne a year floating storage and regasification unit (FSRU), was conceived in 2012. The partners will bring an FSRU, import gas in its liquefied form (LNG or liquefied natural gas) in ships to the terminal, pipe it to land and sell in Anhra Pradesh and beyond.

French utility GDF Suez aims to double its power generation capacity from renewable energy in Europe between 2015 and 2025 and will focus in particular on marine energies, the company said on Tuesday. GDF Suez, with Spain's Iberdrola and Italy's Enel , is one of the industry leaders in renewable energy investment and has made Europe's energy transition the key plank of its European investment strategy. In 2009 it had aimed to boost its renewables capacity by 50 percent by 2015 - a target it says it will achieve - but now it wants to accelerate its renewables investment drive. The gas and power group currently operates 17.8 gigawatts of renewable energy capacity worldwide, or 15 percent of its total, of which 7.8 GW is in Europe and 10 GW is outside the region.