Liquefied natural gas

Great Lakes Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, February 14, 2024

HOUSTON, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) (Nasdaq: GLDD), the largest provider of dredging services in the United States, today reported financial results for the quarter and year ended December 31, 2023.

Key Points: 
  • Lasse Petterson, President and Chief Executive Officer commented, “We ended the year strong with solid fourth quarter results.
  • Gross margin percentage increased to 21.3% in the fourth quarter of 2023 from -11.0% in the fourth quarter of 2022 partially due to improved project performance.
  • Great Lakes cautions investors that any forward-looking statements made by Great Lakes are not guarantees or indicative of future performance.
  • Great Lakes' future financial condition and results of operations, as well as any forward-looking statements, are subject to change and inherent risks and uncertainties.

Enserva’s 2023-2024 Fall State of the Industry Report forecasts oil and gas prices and demand to remain strong for 2024

Retrieved on: 
Thursday, December 14, 2023

CALGARY, Alberta, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Today, Enserva released its Fall 2023-2024 State of the Industry Report (the “Report”), providing trends, insights and an overall outlook for the oil and gas and drilling services sector moving into 2024.

Key Points: 
  • CALGARY, Alberta, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Today, Enserva released its Fall 2023-2024 State of the Industry Report (the “Report”), providing trends, insights and an overall outlook for the oil and gas and drilling services sector moving into 2024.
  • In addition to the release of the report, Enserva hosted a panel discussion with industry experts to discuss the findings in the Report and what the sector can expect in the coming year.
  • The 2023-2024 report estimates continued strong growth of 10.5 per cent year over year.
  • The Report also outlines trends in drilling, fracking and pressure pumping, closure and reclamation, industry employment, the evolving energy mix and government policies across North America.

Global LNG Market Poised for Growth, Aiding Environmental Goals and Energy Needs - ResearchAndMarkets.com

Retrieved on: 
Monday, November 13, 2023

The development of LNG import infrastructure, such as regasification terminals and distribution networks, has facilitated global access to LNG.

Key Points: 
  • The development of LNG import infrastructure, such as regasification terminals and distribution networks, has facilitated global access to LNG.
  • Growing demand for cleaner energy sources, particularly in Asia, incentivizes higher LNG production to meet energy needs and emissions reduction goals.
  • Import and Export: Japan dominates the global LNG import market, while Australia leads in LNG exports.
  • Additionally, long-term LNG supply contracts play a crucial role in the LNG market, providing stability and predictability for both buyers and sellers.

Dover Fueling Solutions Supplies LIQAL BTU System to LC3 Trasporti in Italy

Retrieved on: 
Wednesday, December 6, 2023

DOWNERS GROVE, Ill., Dec. 6, 2023 /PRNewswire/ -- Dover Fueling Solutions ("DFS") , a part of Dover (NYSE: DOV) and a leading global provider of advanced customer-focused technologies, services and solutions in the fuel and convenience retail industries, today announced the successful installation of the LIQAL Boil-off Gas Treatment Unit (BTU) system for LC3 Trasporti (LC3).

Key Points: 
  • DOWNERS GROVE, Ill., Dec. 6, 2023 /PRNewswire/ -- Dover Fueling Solutions ("DFS") , a part of Dover (NYSE: DOV) and a leading global provider of advanced customer-focused technologies, services and solutions in the fuel and convenience retail industries, today announced the successful installation of the LIQAL Boil-off Gas Treatment Unit (BTU) system for LC3 Trasporti (LC3).
  • The new LIQAL BTU system, installed and commissioned by SGIG, helps ensure that tank pressure is stable so truck drivers can refuel their LNG vehicles smoothly and consistently.
  • With the LIQAL BTU system, we've addressed inefficiencies that were exacerbated by climate change, significantly improving our refueling capacity and the dispensing quality of the facility," said Michele Ambrogi, President of LC3 Trasporti.
  • In addition, the LIQAL BTU system protects the environment by preventing the venting of BOG into the atmosphere.

Italy Power Rental Market Assessment & Forecast Report, 2022-2023 & 2023-2029 with Competitive Analysis of Key Vendors - United Rentals, Aggreko, Loxam, Caterpillar, Atlas Copco, Cummins, & KOHLER - ResearchAndMarkets.com

Retrieved on: 
Wednesday, October 25, 2023

The "Italy Power Rental Market - Strategic Assessment & Forecast 2023-2029" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Italy Power Rental Market - Strategic Assessment & Forecast 2023-2029" report has been added to ResearchAndMarkets.com's offering.
  • What are some significant growth opportunities in the Italy power rental market?
  • Which fuel type is projected to dominate the Italy power rental market?
  • Which are the key vendors in the Italy power rental market?

Baker Hughes Announces Major Gas Technology Equipment Order for Venture Global LNG

Retrieved on: 
Monday, October 2, 2023

The contract was awarded under a master equipment supply agreement between Venture Global LNG and Baker Hughes for more than 100 million tons per annum (MTPA) of production capacity, which was expanded from 70 MTPA and recently announced during Gastech in Singapore .

Key Points: 
  • The contract was awarded under a master equipment supply agreement between Venture Global LNG and Baker Hughes for more than 100 million tons per annum (MTPA) of production capacity, which was expanded from 70 MTPA and recently announced during Gastech in Singapore .
  • The award builds on previous ones from Venture Global to Baker Hughes to provide comprehensive LNG technology solutions for the Calcasieu Pass and Plaquemines LNG projects in Louisiana.
  • “We are excited to add another milestone in our successful collaboration with Baker Hughes as a strategic LNG technology supplier, building on the expansion of our agreement,” said Mike Sabel, CEO of Venture Global.
  • This further expansion of our collaboration with Venture Global reaffirms that Baker Hughes technologies are advancing the efficient use of natural gas, and we are honored to continue to support their projects,” said Lorenzo Simonelli, chairman and CEO of Baker Hughes.

Scania and Flix promote biogas in bus travel - announce partnership to fight CO2 and boost circularity

Retrieved on: 
Monday, September 18, 2023

With this partnership, Flix and Scania want to progressively enhance the use of biogas in bus travel, with wide and economically viable sustainability benefits including an expected CO2 emissions cut of around 80% for coaches entirely running on Bio-LNG.

Key Points: 
  • With this partnership, Flix and Scania want to progressively enhance the use of biogas in bus travel, with wide and economically viable sustainability benefits including an expected CO2 emissions cut of around 80% for coaches entirely running on Bio-LNG.
  • Flix and Scania announce a long-term partnership to enable more sustainable long-distance travel.
  • As a first objective, the two companies aim to equip up to 50 LNG (Liquefied gas) coaches of the Flix bus partners in their fleet.
  • Irizar, the global bus and coach manufacturer, is integrating the Irizar i6s Efficient with the Scania chassis.

EQS-News: The African Energy Chamber (AEC) Urges African Union (AU) and the Africa Climate Summit to Prioritize Labeling Natural Gas and Nuclear as Green Energy/Renewable

Retrieved on: 
Wednesday, September 6, 2023

In line with the European Union's 2022 announcement, the African Union should similarly designate natural gas and nuclear energy as environmentally friendly, thus creating a pathway for greater investment in these essential African resources.

Key Points: 
  • In line with the European Union's 2022 announcement, the African Union should similarly designate natural gas and nuclear energy as environmentally friendly, thus creating a pathway for greater investment in these essential African resources.
  • Representing the voice of the African energy sector, the African Energy Chamber (AEC) ( http://www.EnergyChamber.org ) has long-been a fierce advocate for the role oil and gas plays in Africa.
  • The AEC calls on the African Union (AU) to align policies with demand, embracing gas and nuclear energy as green solutions, as the European Union (EU) has for its own continent.
  • Africa has abundant natural gas resources: a sustainable energy solution lying in arms reach of many countries continent-wide.

New environmental data report confirms step change in cruise industry uptake of new environmental technologies

Retrieved on: 
Wednesday, September 6, 2023

WASHINGTON, Sept. 5, 2023 /PRNewswire/ -- Cruise Lines International Association (CLIA), the leading voice of the global cruise industry, today released its 2023 Global Cruise Industry Environmental Technologies and Practices Report, showing concrete progress by the sector in advancing its environmental and sustainability agenda.

Key Points: 
  • WASHINGTON, Sept. 5, 2023 /PRNewswire/ -- Cruise Lines International Association (CLIA), the leading voice of the global cruise industry, today released its 2023 Global Cruise Industry Environmental Technologies and Practices Report, showing concrete progress by the sector in advancing its environmental and sustainability agenda.
  • Examples of progress cited include the number of alternative fuels pilot programs and trials currently in place with cruise ships.
  • Our data shows a step change in the uptake of new environmental technologies by our cruise line members.
  • Already today cruise lines are building the ships of the future which will run on new, more sustainable engine technologies.

Venture Global and Baker Hughes Announce Expanded Master Equipment Supply Agreement to Support Venture Global's Long-Term Expansion Plan

Retrieved on: 
Tuesday, September 5, 2023

To support this initiative, Venture Global and Baker Hughes have executed an expanded master equipment supply agreement for the delivery of additional liquefaction train systems and power island systems for Venture Global's future LNG export projects.

Key Points: 
  • To support this initiative, Venture Global and Baker Hughes have executed an expanded master equipment supply agreement for the delivery of additional liquefaction train systems and power island systems for Venture Global's future LNG export projects.
  • The expanded agreement was announced on the margins of Gastech in Singapore in the presence of Venture Global CEO Mike Sabel and Baker Hughes Chairman and CEO Lorenzo Simonelli.
  • Venture Global continues to execute and achieve major milestones at each of its projects.
  • We are proud of our longstanding collaboration with Venture Global LNG and continue to support their plan to expand LNG production to address global energy demand," said Lorenzo Simonelli, chairman and CEO of Baker Hughes.