Sunday, September 27, 2020

Liquefied Natural Gas News

Baker Hughes Plots Low Carbon Future

Snam and Baker Hughes recently tested the world’s first hydrogen blend turbine for gas networks (Photo: Baker Hughes)

Baker Hughes is pivoting to customers preparing for the transition to a low-carbon future, bolstering its footprint beyond oil and gas oilfield services, its chief executive…

Japan Trio Begins Work on an Ammonia-Fueled Tugboat

A trio of marine powers in Japan -- NYK, IHI Power Systems Co., Ltd., and ClassNK -- seek to develop the world’s first ammonia-fueled tugboat. Image Courtesy NYK, IHI Power Systems, ClassNK

As the marine industry works to find the ‘fuel of the future’ to address increasingly stringent emission regulations, an interesting development from a trio of marine powers…

US Energy Exports Severely Disrupted by Hurricane Laura

File photo (Credit: Andrew Kendrick, U.S. Coast Guard)

Oil and gas exports from the United States have been severely disrupted by Hurricane Laura, with nearly a million barrels per day (bpd) of crude exports likely reduced this week by closures of U.S.

US LNG Loading Delays Expected as Hurricane Slams Gulf Coast

© Igor Groshev / Adobe Stock

Loadings of liquefied natural gas (LNG) cargoes from the United States likely will be delayed as a powerful storm strikes the heart of the U.S. oil and gas industry on the Gulf Coast…

Total Books $8 Bln Asset Impairments

© Ricochet64 / Adobe Stock

French energy group Total will book an exceptional impairment charge of $8 billion mainly on its Canadian oil sands and liquefied natural gas projects, it said on Wednesday."Overall, the exceptional asset impai

PipeChina to Buy $56B Worth of Pipelines

Illustration - hanmaomin

China took a major step in the reform of its national oil and gas pipeline network, with newly formed PipeChina agreeing to buy pipelines and storage facilities valued at…

Santos Flags $560 Mln Impairment Charge on Virus-led Oil Slump

(File photo: Santos)

Australia's Santos said on Tuesday it will book non-cash impairments of up to $560 million after tax, joining a number of global energy majors forced to write down assets…

Gazprom Neft Sells Its First Arctic Oil Cargo to China

© Owen Foley / MarineTraffic.com

Russia's Gazprom Neft has sold its first ever Arctic oil cargo to China to ChemChina, two sources familiar with the deal told Reuters on Thursday.This week, Gazprom Neft said it had sent 144,000 tonnes of light

Woodside's Revenue Slumps More than Expected

For illustration; North Rankin Complex, North West Shelf Project, Western Australia - Credit: Woodside

Australia's Woodside Petroleum Ltd reported a worse-than-feared 29% drop in quarterly revenue, hit by weak spot liquefied natural gas (LNG) prices, but said it still expected…

Japan's JERA Books Hefty One-off Losses on 2019/20 LNG Supplies

Illustration only: An LNG Tanker - Credit:vladsv - AdobeStock

Japan's JERA, the world's biggest buyer of liquefied natural gas (LNG), booked tens of billions of yen in estimated one-off losses on its supply in the year ended on March 31…

US LNG Exports at 20-month Low

(File photo: Freeport LNG)

Natural gas flows to U.S. liquefied natural gas (LNG) export plants plunged this month after falling to a 20-month low in June as coronavirus lockdowns cut global demand…

Indonesia Produced 104.8 LNG Cargoes in Jan-June Period

Image for illustration - Credit: Altin Osmanaj/AdobeStock

Indonesia produced 104.8 standard cargoes of liquefied natural gas (LNG) from its Bontang and Tangguh LNG plants in between January to June. Susana Kurniasih, upstream oil and…

Essar Steel Seeking LNG Cargoes for 2021-2023

Image by donvictori0-AdobeStock

India's Essar Steel is seeking liquefied natural gas (LNG) cargoes for delivery over 2021 to 2023, two industry sources said on Tuesday.It is seeking 30 trillion British…

US Approves LNG Exports from Oregon

© vladsv / Adobe Stock

The U.S. Energy Department on Monday approved the export of up to 1 billion cubic feet per day of liquefied natural gas from a proposed terminal in Oregon, a move it said would ease U.S.

Japan's LNG Investments Drive Faces Risk of Souring

Image credit: vladsv - AdobeStock

Japan's banks and public agencies have funneled nearly $25 billion into liquefied natural gas (LNG) projects since 2017 but the investments may sour as prices plummet from…

Shell to Write Down $22B in Wake of Coronavirus

Shell Logo / Image by Alexandr Blinov - AdobeStock

Royal Dutch Shell said on Tuesday it would write off assets worth up to $22 billion after the coronavirus crisis knocked oil and gas demand and weakened the energy price…

India to End Federal Control of Gas prices, Lift LNG transport Use

New Delhi -  Credit:KT759/AdobeStock

India will gradually end federal controls on gas pricing as it seeks to attract foreign investment and technology to lift local output, oil minister Dharmendra Pradhan said on Friday.India…

Asian LNG Prices Steady on Ample Supply despite U.S. Cargo Cancellations

Image Credit: Altin Osmanaj/AdobeStock

Asian spot liquefied natural gas (LNG) prices remained steady this week on a continued stream of spot supply even though traders continued to cancel cargoes loading from the United States due to poor economics.

KBR to Move Away from LNG, Energy Business

Credit: KBR

Engineering and construction firm KBR Inc will exit most of its liquefied natural gas (LNG) construction and other energy projects, it told investors and employees, as customers…

Market in Focus: Gas Ships

© Wojciech Wrzesień/AdobeStock

Liquefied natural gas (LNG) shipping hasn’t been able to avoid the negative impact of COVID-19 as gas demand fell during the first quarter of 2020.The residential sector…