MT MOL FSRU Challenger

Excelerate Energy Reports Strong Third Quarter 2023 Results; Raises Full Year Adjusted EBITDA Guidance

Retrieved on: 
Wednesday, November 8, 2023
Energy, Other Energy, Oil, Gas, Adjustment, MTPA, Sale, Administrative Council for Economic Defense, MT MOL FSRU Challenger, Petrobras, GAAP, Acquisition, Sequoia, Central Time, Excellence, Bank, Airline, Petrobangla, LNG

Net Income and Adjusted EBITDA increased sequentially from last quarter primarily due to higher margins earned on gas sales contracts in Brazil, lower vessel operating expenses, and inflation index adjustments on certain contracts.

Key Points: 
  • Net Income and Adjusted EBITDA increased sequentially from last quarter primarily due to higher margins earned on gas sales contracts in Brazil, lower vessel operating expenses, and inflation index adjustments on certain contracts.
  • In October 2023, Excelerate signed a 10-year Time Charter Party agreement with Petrobras for the FSRU Sequoia.
  • In November 2023, Excelerate signed a long-term LNG sale and purchase agreement with Petrobangla.
  • The Company now expects Adjusted EBITDA to range between $340 million and $350 million.

Delfin Enters Strategic Investment Agreement with Mitsui O.S.K. Lines

Retrieved on: 
Thursday, June 8, 2023
FSRU, Partnership, Strategic Investment Group, MT MOL FSRU Challenger, FLNG, Regasification, LNG carrier, Investment, MOL, Growth, Mitsui O.S.K. Lines, Hashimoto, Natural gas, LNG

HOUSTON, June 08, 2023 (GLOBE NEWSWIRE) -- Delfin Midstream Inc. (“Delfin”) announced today that it has entered into a strategic investment agreement with Mitsui O.S.K. Lines, Ltd. (“MOL”) that accelerates growth and drives future expansion, enabling Delfin to accelerate clean low-cost LNG exports from North America to customers around the world. As part of the agreement, MOL will make an investment in Delfin and a MOL representative will join Delfin’s Board of Directors.

Key Points: 
  • Lines to Make a Strategic Investment in Delfin, Join Board of Directors
    HOUSTON, June 08, 2023 (GLOBE NEWSWIRE) -- Delfin Midstream Inc. (“Delfin”) announced today that it has entered into a strategic investment agreement with Mitsui O.S.K.
  • Lines, Ltd. (“MOL”) that accelerates growth and drives future expansion, enabling Delfin to accelerate clean low-cost LNG exports from North America to customers around the world.
  • As part of the agreement, MOL will make an investment in Delfin and a MOL representative will join Delfin’s Board of Directors.
  • Through this investment agreement, MOL and Delfin aims to solidify their continuing commitment to the success of the Delfin LNG project and set the stage for a promising future in the LNG industry.

Seamless Integration of Multiple Technologies Necessary for Southeast Asia to Achieve Carbon Neutrality: Black & Veatch

Retrieved on: 
Monday, May 15, 2023
Other Energy, Utilities, Oil, Gas, Sustainability, Alternative Energy, Energy, Other Construction & Property, Environment, Construction & Property, Green Technology, Engineering, Manufacturing, Science and technology in Asia, Cogeneration, Black & Veatch, Hydrogen, EPC, MT MOL FSRU Challenger, CHP, Black, Wind, TGS, FLNG, Micro combined heat and power, Ammonia, Natural gas, Exhibition, Renewable energy, Electric battery, LNG

“A successful and equitable energy transition involves planning for and integrating multiple technologies to ensure that everyone has access to a stable and reasonably priced energy supply.

Key Points: 
  • “A successful and equitable energy transition involves planning for and integrating multiple technologies to ensure that everyone has access to a stable and reasonably priced energy supply.
  • Gas-fired power generation has the quick ramp-up and ramp-down capabilities needed to adapt to changing grid energy demands.
  • A survey conducted by Black & Veatch before the ongoing energy crisis indicates that gas-fired power plants have a future as an investment class in Asia.
  • Black & Veatch is involved in five of the world’s nine FLNG vessels commissioned, in advanced stage of construction or awarded.

Cool Company Ltd. Q4 2022 Business Update

Retrieved on: 
Tuesday, February 28, 2023
Transfer, JKM, Knowledge, Ice, Congestion, Piracy, Policy, NYSE, Insurance, SOFR, Maintenance, Cyprus Securities and Exchange Commission, Acquisition, FSRU, Pressure, MT MOL FSRU Challenger, EPS, Successor, TTF, Exercise, Accident, Environment, Government, Bank statement, Q4, Golar Spirit, Sale, Golar LNG, COVID-19, Quarter, Cryptocurrency, Airline, Security (finance), Natural gas, Industrial gas, Reinsurance, LNG

The year concluded with JKM at $28/MMBtu, TTF at $23/MMBtu and quoted TFDE headline spot rates of $148,000 per day.

Key Points: 
  • The year concluded with JKM at $28/MMBtu, TTF at $23/MMBtu and quoted TFDE headline spot rates of $148,000 per day.
  • No idle time ahead of the vessel contract starting in late October meant that Q4 fleet utilization was 100%.
  • In line with the Company’s variable dividend policy, the Board has declared a Q4 dividend of $0.40 per ordinary share.
  • The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise unless required by law.

Excelerate Energy to Participate at 2022 Wells Fargo Midstream & Utilities Symposium

Retrieved on: 
Friday, November 18, 2022
Alternative Energy, Energy, Utilities, Oil, Gas, MT MOL FSRU Challenger, NYSE, Natural gas, LNG

Excelerate Energy, Inc. (NYSE: EE) (the Company) today announced that Steven Kobos, President and Chief Executive Officer, will participate in a breakout session at the 2022 Wells Fargo 21st Annual Midstream & Utilities Symposium at 12:55 p.m. Eastern Time on December 7, 2022.

Key Points: 
  • Excelerate Energy, Inc. (NYSE: EE) (the Company) today announced that Steven Kobos, President and Chief Executive Officer, will participate in a breakout session at the 2022 Wells Fargo 21st Annual Midstream & Utilities Symposium at 12:55 p.m. Eastern Time on December 7, 2022.
  • A live audio webcast of the presentation and an archived recording will be available on the Investors page of the Companys website at www.excelerateenergy.com .
  • Excelerate Energy, Inc. is a U.S.-based LNG company located in The Woodlands, Texas.
  • Excelerate has offices in Abu Dhabi, Antwerp, Boston, Buenos Aires, Chattogram, Dhaka, Doha, Dubai, Helsinki, Ho Chi Minh City, Manila, Rio de Janeiro, Singapore, and Washington, DC.

Excelerate Energy and the German Government Sign FSRU Charter Agreement

Retrieved on: 
Tuesday, October 25, 2022
Oil, Gas, Energy, Maritime, Transport, Other Energy, Port, Engie, Diplomatic mission, E.ON, Federal Ministry of the Environment, Nature Conservation and Nuclear Safety, NYSE, Federal Ministry for Economic Affairs and Energy, Attack on the United States embassy in Baghdad, Energy, Multimedia, FSRU, Goal, Company, Excelsior, CEO, MT MOL FSRU Challenger, State, Maintenance, Government, Economy, Solution, Federal republic, Renewable energy, Natural gas, LNG

Excelerate Energy, Inc. (NYSE: EE) (Excelerate) and the Government of the Federal Republic of Germany signed a five-year contract today in Berlin to charter the floating storage and regasification unit (FSRU) Excelsior to help provide energy security and supply diversification to Germany while supporting the countrys transition to renewable energy.

Key Points: 
  • Excelerate Energy, Inc. (NYSE: EE) (Excelerate) and the Government of the Federal Republic of Germany signed a five-year contract today in Berlin to charter the floating storage and regasification unit (FSRU) Excelsior to help provide energy security and supply diversification to Germany while supporting the countrys transition to renewable energy.
  • The deployment of the FSRU Excelsior to Germany demonstrates our commitment to strengthening energy security at a time when traditional energy sources have proven unreliable, said Steven Kobos, President and CEO of Excelerate.
  • BMWK previously announced that a consortium including Tree Energy Solutions, E.ON, and Engie would jointly develop and implement Germanys fifth FSRU import terminal using an Excelerate vessel.
  • Under the terms of the agreement, the FSRU Excelsior will go on charter in the first quarter of 2023.

Excelerate Energy Announces Third Quarter 2022 Earnings Conference Call Date

Retrieved on: 
Tuesday, October 18, 2022
Other Transport, Oil, Gas, Energy, Maritime, Transport, Central Time, NYSE, Company, MT MOL FSRU Challenger, Solution, Video game, Natural gas, LNG

Excelerate Energy, Inc. (NYSE: EE) (the Company or Excelerate) will release its third quarter 2022 results on Wednesday, November 9, 2022, following the close of U.S. financial markets.

Key Points: 
  • Excelerate Energy, Inc. (NYSE: EE) (the Company or Excelerate) will release its third quarter 2022 results on Wednesday, November 9, 2022, following the close of U.S. financial markets.
  • The earnings release and presentation for the third quarter 2022 results will be available on the investor page of the Companys website at www.excelerateenergy.com .
  • On Thursday, November 10, 2022, the Companys management team will host a conference call for analysts and investors at 8:30 a.m. Eastern Time (7:30 a.m. Central Time).
  • Excelerate Energy, Inc. is a U.S.-based LNG company located in The Woodlands, Texas.

Excelerate Energy Finalizes Agreement with HHI for Newbuild FSRU

Retrieved on: 
Tuesday, October 4, 2022
Oil, Gas, Energy, Maritime, Transport, Other Energy, Solution, SBC, CEO, FSRU, NYSE, Efficiency, HHI, MT MOL FSRU Challenger, Natural gas, LNG

Excelerate Energy, Inc. (NYSE: EE) (Excelerate) announced today that it has signed a binding Shipbuilding Contract (SBC) with Hyundai Heavy Industries Co., Ltd. (HHI) for a new floating regasification and storage unit (FSRU) to be delivered in June 2026.

Key Points: 
  • Excelerate Energy, Inc. (NYSE: EE) (Excelerate) announced today that it has signed a binding Shipbuilding Contract (SBC) with Hyundai Heavy Industries Co., Ltd. (HHI) for a new floating regasification and storage unit (FSRU) to be delivered in June 2026.
  • This shipbuilding contract with HHI demonstrates our commitment to grow our FSRU fleet at a time when the world needs FSRUs and flexible LNG infrastructure the most, said Steven Kobos, President and CEO of Excelerate.
  • Upon delivery, this newbuild FSRU will enhance the capabilities of our existing fleet and support the execution of our integrated growth projects.
  • Excelerate offers a full range of flexible regasification services from FSRU to infrastructure development to LNG supply.

Karpowership Can Help Europe Avoid Energy Rationing

Retrieved on: 
Thursday, September 29, 2022
Electricity, Natural gas, Pressure, Risk, MT MOL FSRU Challenger, MV Karadeniz Powership Doğan Bey, LNG, Karpowership

Powerships generate electricity at 25c/kWh, potentially saving Europe billions

Key Points: 
  • Powerships generate electricity at 25c/kWh, potentially saving Europe billions
    LONDON, Sept. 29, 2022 /PRNewswire/ --Europe is facing the prospect of energy rationing as the continent heads towards winter, with governments urging households and businesses to curb usage in a bid to avoid power cuts.
  • Karpowership can produce electricity atless than halfthe average price inEurope, at around 25 cents perkilowatt-hour, potentially saving individual countries billions of euros on costly energy imports.
  • "As winter approaches and Europe's energy crisis shows little sign of abating, the region is taking steps towards power rationing," said Zeynep Harezi, Karpowership's Chief Commercial Officer.
  • "Karpowership has a solution that's affordable, flexible and can be deployed almost immediately to help ease pressure on tight supplies.''

Karpowership Can Save Europe Billions in Costly Energy Subsidies

Retrieved on: 
Wednesday, September 21, 2022
Electricity, Contract, Weather, Natural gas, Industry, MT MOL FSRU Challenger, LNG, Renewable energy, MV Karadeniz Powership Doğan Bey, Karpowership

While energy subsidies offer short-term relief for households and businesses, they are not a long-term solution to surging energy costs and the burden will ultimately be passed onto taxpayers.

Key Points: 
  • While energy subsidies offer short-term relief for households and businesses, they are not a long-term solution to surging energy costs and the burden will ultimately be passed onto taxpayers.
  • One company has a solution that will slash Europe's costly power bills, can be deployed almost immediately and offers flexible, short-term contracts.
  • Karpowership can produce electricity at less than half the average price in Europe, at around 25c/kWhkilowatt-hour.
  • If deployed at scale in Europe, they could save the continent billions of euros in costly energy subsidies, a debt that would be passed onto consumers over the longer-term.