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Wärtsilä signs a five year extension to its Optimised Maintenance agreement with Golar

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...
Eteläuomen Läi Optimised Maintenance Golar Management Norway Floating Storage Regasification Unit Dynamic Maintenance Planning

Investegate |Golar LNG Announcements | Golar LNG: Golar LNG Limited and Stonepeak Infrastructure Partners to Sell 100% of Hygo Energy Transition Ltd. to New Fortress Energy

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...
Karl Fredrik Staubo Stuart Buchanan Iain Ross Baker Botts Vinson Elkins Stonepeak Infrastructure Fund Ii Caymang Ltd

Investegate |Tuff Group AG Announcements | Tuff Group AG: Tuff Group AG intends unscheduled depreciation on fixed assets

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...
Frankfurt Am Main Ganesh Paulraj International Financial Reporting Standards Stuff Group Stuff Offshore Executive Board Member

The Darker Side and the Light at the end of the Energy Tunnel

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 United States Duminda Dissanayake Eng Parakrama Jayasinghe National Industry Eng Parakrama
Source: island.lk

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New CEO for People's Leasing & Finance – The Island

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...
Sri Lanka United States Duminda Dissanayake Eng Parakrama Jayasinghe National Industry Eng Parakrama
Source: island.lk

Litro Gas economically empowers Samurdhi beneficiaries

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 […]
Sri Lanka United States Duminda Dissanayake Eng Parakrama Jayasinghe National Industry Eng Parakrama
Source: island.lk

Regulator notices JKH and Central Finance to reduce their NTB stakes

The Monetary Board has noticed both John Keells Holdings and Central Finance that they should reduce their group holdings in the Nations Trust Bank to a maximum of 20% by the end of next year and 15% a year after. This requirement is to conform with the law that individual and aggregate related party holdings in commercial banks be restricted to a maximum of 15% although time-bound extensions, some granted as long as 10 years ago, have been allowed. At Hatton National Bank for example, Harry Ja...
Sri Lanka United States Duminda Dissanayake Eng Parakrama Jayasinghe National Industry Eng Parakrama
Source: island.lk

Nakilat transitions first FSRU to in-house management

 22 Dec 2020 - 9:50 The Peninsula Doha: Nakilat has assumed the technical ship management and operations of the Floating Storage and Regasification Unit (FSRU) Exquisite from Excelerate Technical Management (ETM) with effect from December 17, 2020. The FSRU is jointly owned by Nakilat and Excelerate Energy L.P. (Excelerate) through a joint venture established in 2018. This is the first FSRU to be managed in-house by Nakilat Shipping Qatar Limited (NSQL), bringing NSQL’s managed fleet to 27 ...
Ad Daw Ah South Korea Steven Kobos Al Sulaiti Abdullah Al Sulaiti Qatar National Day

Nakilat Takes Over Management Of FSRU Exquisite

Nakilat Takes Over Management of FSRU Exquisite Maritime Activity Reports, Inc. Credit: Nakilat Qatar-based energy shipping company Nakilat said Monday it had assumed the technical ship management and operations of the Floating Storage and Regasification Unit (FSRU) Exquisite from Excelerate. The FSRU is jointly owned by Nakilat and Excelerate through a joint venture established in 2018.  This is the first FSRU to be managed in-house by Nakilat, bringing the companys managed fleet to 27 vessel...
South Korea Al Sulaiti Abdullah Al Sulaiti Qatar National Day Floating Storage Regasification Unit

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