Page 44 - Floating Storage News Today

Private firms setting up LNG terminals seek waivers Have sought guarantees and exemption from regulatory approvals PHOTO: AFP ISLAMABAD: As the private sector is engaged in setting up liquefied natural gas (LNG) terminals, it has sought guarantees and waivers from some obligations and regulatory approvals. Interestingly, the existing LNG terminals have plans to replace the Floating Storage and Regasification Unit (FSRU) without financial risk for the government but the maritime affairs ministe...

Private LNG Terminal Developers Demand Waiver of Certain Regulatory Requirements Private sector entities engaged in setting up liquefied natural gas (LNG) terminals have sought guarantees and waivers from certain obligations and regulatory approvals. The government has allowed five parties in the private sector to set up more LNG terminals. However, it has been made clear that the government will not bear any financial risk, which exists with the already existing public sector LNG terminals. Si...

· Successfully raised £7.40 million in December 2020 / January 2021 · Significant uptick in revenue generation since September 2020; current monthly revenue generation equivalent to FY 2020 revenues · Cash break-even position achieved and maintained within the cruise and ferry business · Progress being made on large contract fabrication for renewables and defence; pre-qualification achieved and contract negotiations being undertaken  ...

Wärtsilä signs a five year extension to its Optimised Maintenance agreement with Golar The technology group Wärtsilä has signed a five year extension to its Optimised Maintenance agreement with Golar Management Norway, the operator and manager of a fleet of LNG Carrier and Floating Storage and Regasification Unit (FSRU) vessels. The agreement covers a total of 16 ship installations; 14 with Wärtsilä 50DF dual-fuel engines, plus 2 with Wärtsilä 34DF dual-fuel and Wärtsilä 20DF dual...

January 13, 2021 – Golar LNG Limited (Nasdaq: GLNG) (“GLNG”) today announced that it and Stonepeak Infrastructure Fund II Cayman (G) Ltd., a fund managed by

Golar LNG Golar LNG Limited and Stonepeak Infrastructure Partners to Sell 100% of Hygo Energy Transition Ltd. to New Fortress Energy Golar LNG Limited and Stonepeak Infrastructure Partners to Sell 100% of Hygo Energy Transition Ltd. to New Fortress Energy January 13, 2021 – Golar LNG Limited (Nasdaq: GLNG) (“GLNG”) today announced that it and Stonepeak Infrastructure Fund II Cayman (G) Ltd., a fund managed by Stonepeak Infrastructure Partners (“Stonepeak”) have entered into a definiti...

DGAP-Ad-hoc: Tuff Group AG / Key word(s): Miscellaneous Tuff Group AG: Tuff Group AG intends unscheduled depreciation on fixed assets 30-Dec-2020 / 19:29 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Tuff Group AG intends unscheduled depreciation on fixed assets Frankfurt am Main, 30 December 2020: In the course of prep...

Eng Parakrama Jayasinghe Those of us who were hoping for some sanity to emerge in the energy sector were given a severe jolt on Dec. 15 on reading the press release from the Presidential Secretariat, presumably after the Presidents meeting with the Ministers and senior officials of the energy sector. This stated that His Excellency […]

Sri Lanka’s leading non-bank finance company, People’s Leasing & Finance PLC, has appointed Mr. Shamindra Marcelline as its new CEO/GM with effect from November 20, 2020. Being an experienced banker with local and foreign bank exposure in addition to working overseas for the HSBC Group, Marcelline brings with him unique industry insights so as to contribute towards the strategic direction and core values of People’s Leasing Company, a news release on the appointment said. “Having strong...

In a move aimed at empowering the economically challenged communities across Sri Lanka, Litro Gas Lanka Ltd., recently signed an MOU with the Department of Samurdhi Development – Prajamula Bank Division. The signing took place between Anil Koswatte, Chairman & CEO of Litro Gas Lanka Ltd., and R. P. B.Thilakasiri, Director-General, Department of Samurdhi Development […]