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LNG carrier Echigo Maru heads south as Kyushu Electric’s tanks full: sources

LNG carrier Echigo Maru, which was set to deliver a cargo from Indonesia’s Bontang facility to Japan’s Kyushu Electric, is heading south after idling around Japan as the utility has limited tank space to receive the cargo, market sources said Monday.

The vessel loaded the cargo from Bontang, Indonesia, on August 15 and had Oita, Kyushu, […]

By |September 1st, 2015|Energy News, General News, Latest News|0 Comments

KTL Global’s FY15 Revenue Up Despite Tough Business Conditions; Recent Corporate Initiatives Expected To Ease Pain In FY16 From Slowdown In Oil and Gas Sector

SGX Mainboard-listed KTL Global Limited (“KTL Global” or the “Group”), a rope and rigging specialist for the oil and gas, marine and construction industries, announced today its financial results for the fourth quarter (“4Q FY15″) and full year (“FY15″) ended 30 June 2015.

Revenue for FY15 rose 0.7% to S$73.0 million from S$72.5 million the previous year, aided by higher […]

By |August 31st, 2015|Energy News, General News, Latest News, Offshore News|0 Comments

Australia’s Gladstone LNG issues tender for five cargoes

The Gladstone LNG (GLNG) project in Queensland, Australia has issued a tender requesting bids for five commissioning cargoes between October and December, according to traders invited to participate.

GLNG issued the tender on 24 August and will close it on 14 September, with the validity period covering one week. Two cargoes are available for October and […]

By |August 27th, 2015|Energy News, General News, Latest News|0 Comments

Iran loads 406,000 mt LPG in Aug, a third above Jan-Jul monthly average

Iran is loading 406,000 mt of LPG for export to China in August, almost one third above its average monthly liftings in the first seven months of this year and taking shipments back to around pre-sanction levels, shipping sources said this week.

The Middle Eastern producer is also exporting another 50,000 mt of normal monthly volumes, […]

By |August 22nd, 2015|Energy News, General News, Latest News|0 Comments

BG steps up LNG deliveries to India as Queensland supply lengthens

Portfolio seller BG is stepping up deliveries to India, amid growing production from its Queensland Curtis LNG plant in Australia and weak demand in the east Asian markets, according to sources and Platts cFlow Thursday.

The UK-based seller delivered its first LNG cargo from QCLNG to India Thursday aboard the Maran Gas Delphi, Platts cFlow showed.

The […]

By |August 21st, 2015|Energy News, Latest News, Local News|0 Comments

IEA sees 2015 demand growth at five-year high of 1.6 million b/d

The International Energy Agency on Wednesday raised its forecast of world oil demand growth in 2015 by 200,000 b/d to 1.6 million b/d, highlighting a “drastic uptick” largely as a result of low prices.

It also predicted a supply overhang would persist through 2016.

In its latest monthly oil market report, the IEA said it saw “no […]

By |August 13th, 2015|Energy News, General News, Latest News|0 Comments

Japan LNG buyers pay $7.90/MMBtu for spot cargoes in July, up 4% from June: METI

Japanese LNG buyers paid an average $7.90/MMBtu for spot cargoes contracted in July, up 4% from an average $7.60/MMBtu in June, data released Tuesday by the Ministry of Economy, Trade and Industry showed.

The METI price is the simple average of contract-based prices for spot LNG cargoes to be delivered into Japan; the delivery months of […]

By |August 12th, 2015|Energy News, General News, Latest News|0 Comments

Govt to resume natural gas condensate export

The government has decided to resume export of natural gas condensate (NGC), after a four-year break, on higher receipt of the spinoff from increased gas production, said officials.

Bangladesh Petroleum Corporation (BPC) Chairman A.M Bardrudduja told the FE Wednesday that the Energy and Mineral Resources Division (EMRD) had already asked for reinitiating export of condensate.

This combustible […]

By |August 2nd, 2015|Energy News, General News, Latest News, Local News|0 Comments

Indian consumers not buying enough Qatar gas, says Petronet

Indian consumers have only taken 68% of the annual gas supplies contracted by Petronet LNG Ltd from Qatar as they perceive the price to be high.
Petronet’s liquefied natural gas (LNG) contract is to import 7.5 million tonnes per annum (mtpa) from Qatar’s RasGas Co. Ltd for a period of 25 years. Of these, while 11 […]

By |July 31st, 2015|Energy News, General News, Latest News, Local News|0 Comments

Indian power plant thermal coal stocks triple on-year to 30.23 mil mt: CEA

Combined stocks of thermal coal at 100 Indian power plants were 30.23 million mt Wednesday, three times the 10.08 million mt recorded at power plants at the same time last year, according to data released by India’s Central Electricity Authority at the end of the week.

The volume was also 1.5% higher on the month and […]

By |July 27th, 2015|Energy News, Latest News, Local News|0 Comments