Sunday, September 22, 2019

Liquefied Natural Gas News

Petronas Q2 Profit Rises 8%

© Arcady / Adobe Stock

Malaysia's state-owned energy firm Petroliam Nasional Bhd reported an 8% increase in second-quarter profit on Friday because of a weaker Malaysian ringgit, though that was partially offset by higher product cos

Flooding Disrupts U.S. Gulf Coast Energy Operations

Energy infrastructure on the U.S. Gulf Coast was hit hard by Tropical Storm Imelda on Thursday, as flooding forced a major refinery, a key oil pipeline, terminals and a ship channel in Texas to shut…

Boskalis Unit Scores Mozambique FLNG Gig

Pic: ENI

Dutch dredging company Royal Boskalis Westminster announced that its 50%-owned associate company Smit Lamnalco is contracted by Coral FLNG to provide marine services to…

MOL Trials LNG-Fuelled Tugboat at Kobe

LNG fuel bunkering. Pic: MOL

Japanese shipping company Mitsui O.S.K. Lines (MOL) has taken part in the first bunkering of liquefied natural gas (LNG) into a tugboat at the Port of Kobe, Japan.At the Port of Kobe…

Next Wave of U.S. LNG Export Projects to be Tougher

Photo courtesy of Venture Global LNG

The next wave of U.S. liquefied natural gas (LNG) export projects will be “tougher” to bring online, as companies with existing facilities take advantage of lower costs to expand capacity in coming years…

ExxonMobil Looks to Sell Australian Assets

(Photo: ExxonMobil)

Exxon Mobil Corp said on Wednesday it was looking to sell its 50% stake in the Gippsland Basin oil and gas development in Australia's Bass Strait as part of a broader review…

Inpex Eyes Australia Expansion

Ichthys LNG onshore facilities (Photo: Inpex)

Inpex Corp, Japan's top oil and gas company, wants to expand in Australia at its Ichthys liquefied natural gas (LNG) plant and through potential acquisitions, as part of…

SCD JV Win $10bln NLNG Train7

Image: Nigerian LNG

The Nigerian Liquefied Natural Gas Company (NLNG) signed a “letter of intent” with SCD JV as preferred bidder to construct the $10bn NLNG Train 7 project.SCD JV  is a joint venture consortium comprising Saipem…

Woodside Looks to Sell Gas Assets

(Photo: Woodside)

Australian oil and gas producer Woodside is seeking to reduce its stakes in the Scarborough gas field at home and in Canada's Kitimat liquefied natural gas (LNG) project to cut its capital exposure…

Plans for Israeli Gas Exports to Egypt on Track

Plans to start exporting gas from Israel to Egypt are on track but further steps are still needed before exports can commence, Egyptian petroleum minister Tarek El Molla…

Eesti Begins LNG Bunkering in Hanko Port

Image: Eesti Gaas

Estonian energy company Eesti Gaas began providing liquefied natural gas (LNG) bunkering services to LNG-powered vessels in the port of Hanko, Finland, for the first time…

Green Light for Arctic LNG 2

Image: Novatek

The $21.3 billion Arctic liquefied natural gas (LNG)-2 project on the Gydan Peninsula headed by the Russian largest independent natural gas producer Novatek won a green…

Golar LNG Orders Compressed Air System from TMC

Norwegian company TMC Compressors of the Seas (TMC) has is to supply a compressed air system for a Golar LNG floating liquefied natural gas (FLNG) vessel.TMC will manufacture…

Novatek Signs MoU with Petronet LNG

Image: Novatek

Russia’s largest independent natural gas producer Novatek signed a memorandum of understanding (MoU) on cooperation with India’s largest liquefied natural gas importer Petronet…

India and Russia Sign Energy Deals

IndianPrime Minister, Narendra Modi and the President of Russian Federation, Vladimir Putin at the Joint Press Statements, at Vladivostok, in Russia on September 04, 2019. Photo: PIB

India and Russia have agreed on a five-year roadmap to step up cooperation in the hydrocarbon sector, including investment, not only in exploration and production in each…

GA LNG Terminal Evacuated Ahead of Dorian

Kinder Morgan's Elba Island LNG Export Terminal (CREDIT: Kinder Morgan)

Kinder Morgan Inc has halted the startup process of its liquefaction facility at Elba Island near Savannah, Georgia, following mandatory evacuation orders as Hurricane Dorian approached…

Toshiba Completes Sale of U.S. LNG Biz

Image: Total

The Japanese multinational Toshiba Corp said that it has completed the sale of its liquefied natural gas (LNG) operation in the United States to French oil giant Total SA…

SEA\LNG Expands Membership in U.S.

Image: SEA\LNG

Houston-based Stabilis Energy has joined SEA\LNG, the multi-sector industry coalition which is seeking to accelerate the widespread adoption of liquefied natural gas (LNG)…

African LNG to Attract $103Bln in 2019

Pic: GECF

With greenfield investments in Nigeria, Egypt, Mozambique and elsewhere reaching nearly $103 billion this year, it is clear that liquefaction is viewed as the most profitable…

LNG Market Recovers in Q2, Says Flex LNG

Pic: Flex LNG

During the second quarter 2019, spot liquefied natural gas (LNG)  freight rates stabilized and started gradually to recover, says Flex LNG, the owner of LNG carrier vessels…