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Sovcomflot Profits Up on Stronger Tanker Market
Russia's state-owned tanker carrier Sovcomflot (SCF Group) reported improvements on both the top and bottom line in the third quarter benefiting from a stronger…
GasLog Sees Tighter LNG Shipping Market
GasLog, an international owner, operator and manager of liquefied natural gas (LNG) carriers, is predicting a tighter LNG shipping market, as increasing United States…
SCF, NOVATEK Ink Icebreaker T/C Contract
SCF Group and VEB.RF Group, a Russian financial institution, signed an agreement for lease financing of the lead ship in a series of icebreaking LNG carriers expected…
Qilak LNG, ExxonMobil Pact on Gas Supply
Alaska-based Qilak LNG announced that a Heads of Agreement (HOA) has been entered into with ExxonMobil Alaska Production regarding the potential supply of natural…
Jutal Offshore Wins Contracts Worth $490m
Chinese oil and gas techincal services company Jutal Offshore Oil Services has announced that the company has obtained a slew of new contracts with total value of…
GTT LNG Carrier Orders at Record Highs
Gaztransport & Technigaz (GTT), a company specialised in the design of membrane containment systems for maritime transportation and storage of liquefied gas, said…
Japanese Backers for Novatek's LNG Complexes
Russia’s largest independent natural gas producer and LNG project operator Novatek has formed ties with Japan's shipper Mitsui O.S.K. Lines (MOL) and Japan Bank…
McDermott JV Bags Arctic LNG-2 Deal
Engineering services firm McDermott International announced that its joint venture Qingdao McDermott Wuchuan Offshore Engineering Co. Ltd (QMW) in Qingdao, China…
SHI to Build Arctic LNG Ship for Zvezda
Russia's Zvezda Shipbuilding Complex has awarded the contract for the LNG carriers for the Arctic LNG 2 project to Samsung Heavy Industries (SHI). The South Korean company will also provide technical specifications and design documentation for the LNG carriers project.SHI will design LNG ships with 45 MW power capacity, enabling the safe transportation of LNG while breaking up to 2.1 meters of ice…
Green Light for Arctic LNG 2
The $21.3 billion Arctic liquefied natural gas (LNG)-2 project on the Gydan Peninsula headed by the Russian largest independent natural gas producer Novatek won…
Novatek Signs MoU with Petronet LNG
Russia’s largest independent natural gas producer Novatek signed a memorandum of understanding (MoU) on cooperation with India’s largest liquefied natural gas importer…
Novatek, Sovcomflot Announce Shipping JV
Novatek, Russia’s natural gas producer and liquefied natural gas (LNG) major, has signed a heads of agreement on creating a joint venture (JV) with its compatriot…
SHI, Zvezda Partner in Arctic LNG 2 Carriers
South Korean shipbuilder Samsung Heavy Industries (SHI) has announced that it has signed a contract to assist Russian shipyard Zvezda Shipbuilding Complex with the…
India's H-Energy, Novatek Ink LNG Pact
India's H-Energy Global signed an agreement to buy liquefied natural gas (LNG) from Russian gas producer Novatek on a long-term contract as it looks to meeting energy needs of Asia's third-largest eco
Novatek Signs LNG Pact with Chukotka
Russia's largest independent natural gas producer Novatek has signed a cooperation agreement with the Government of the Chukotka autonomous area, situated in the Russian Far East.As per the agreement…
Novatek Wins Arctic Gas Field
Novatek said that its wholly-owned subsidiary Arctic LNG 1 has won an auction for a geological survey, exploration and production license for the subsoil area including…
Aker Arctic's Icebreaking Ships Busy
Finnish engineering company Aker Arctic Technology Oy said that its Arctic condensate tanker Boris Sokolov has now been transporting gas condensate from Sabetta…
Novatek Closes in on Arctic LNG 2
Russian natural gas producer Novatek said it had completed the sale of stakes in its Arctic LNG-2 project to two Chinese companies and a consortium of two Japanese…
LNG Project Sanctions Set Records in 2019
Rystad Energy expects LNG greenfield investment in 2019 to reach almost $103 billion, which will be the biggest investment year for the burgeoning industry to date.A…
Arctic Sea Route Opens for Year's First LNG Cargo
A liquefied natural gas (LNG) tanker carrying a cargo from the Yamal LNG plant has spent this week making its way through Arctic waters north of Russia towards Asia, marking the first voyage of the 2019 summer season across the Northern Sea Route.The Vladimir Rusanov, an Arc7-classed LNG tanker that can plough through semi-cleared waters, left the Sabetta port on June 29 and is in the Chukchi Sea close to the Bering Strait…
