China National Offshore Oil Corporation (CNOOC) has signed a strategic framework agreement with the Abu Dhabi National Oil Company (ADNOC) to explore new collaboration opportunities in both upstream and downstream for the refining and liquefied natural gas (LNG) sectors.
John Angelicoussis remains Greece’s largest shipowner by some margin for 2019 in tonnage terms with the number of Greek controlled oceangoing fleets of 1m dwt staying at 72 – the same as the record number in 2018.
Keppel Offshore & Marine has booked in close to SGD1.9bn ($1.4bn) in new orders so far this year boosted by the LNG and renewables sector.
The first LNG freight swap has been settled against the Baltic Exchange LNG spot assessments, as increasing market liquidity saw major LNG traders test the LNG freight derivatives trade.
China is closing in on Japan as the world’s largest importer of LNG mainly driven by the government’s environmental protection requirements, the increasing demands of LNG consumption, and the development of new LNG terminals.
Greek oil and gas producer, Energean Oil & Gas, has significantly expanded its operations in the growing eastern Mediterranean gas hub, with the purchase of Italian energy group Edison's oil and natural gas unit for an initial consideration of $750m.
The US China trade war that began almost a year ago, is taking its toll as illustrated by revenues from the Panama Canal.
China’s Lanqiao port (Landbridge port) has inked strategic co-operation agreement with Beijing Energy Holding to jointly invest in RMB6.7bn ($973m) for the construction of LNG receiving station at Lanqiao port.
Six Chinese firms and Lloyd’s Register (LR) have signed an agreement to design and develop the first 220,000 cu m LNG carrier with a GTT Mark III membrane containment system.
U-Ming, Taipower, K Line and Kuang Ming are to form a joint venture to ship coal and LNG.