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Norwegian firm moves to become sole owner of Avenir LNG

After finalizing the acquisition of 95% of the shares of the UK-based midstream LNG & BioLNG company Avenir LNG, Stolt-Nielsen, a Norway-based company specializing in chemical and bulk liquid transportation and storage, has disclosed its intention to buy the latter’s remaining shares. The post Norwegian firm moves to become sole owner of Avenir LNG appeared first on Offshore Energy.

DSIC starts building Wah Kwong’s 175,000 cbm LNG vessel

Dalian Shipbuilding Industry (DSIC), a subsidiary of China State Shipbuilding Corporation (CSSC), has started building Hong Kong-based shipping company Wah Kwong’s second LNG vessel G175K-13. The post DSIC starts building Wah Kwong’s 175,000 cbm LNG vessel appeared first on Offshore Energy.

Vaalco secures multi-million loan to fund growth projects across assets

Houston-based energy player Vaalco Energy has entered into a revolving credit facility to provide short-term funding for its planned investment programs over the next few years. The post Vaalco secures multi-million loan to fund growth projects across assets appeared first on Offshore Energy.

Shell gets Australia’s blessing for work on giant offshore gas project

Shell has received a stamp of approval for its environmental plan (EP) from the country’s offshore regulator for the installation and cold commissioning activities at its natural gas field off the coast of Western Australia. The post Shell gets Australia’s blessing for work on giant offshore gas project appeared first on Offshore Energy.

TMC to deliver compressors for large-scale retrofit project

TMC Compressors has been contracted by an undisclosed shipowner to deliver new marine compressed air systems to 86 of the company’s vessels. The post TMC to deliver compressors for large-scale retrofit project appeared first on Offshore Energy.