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Gaz de France, a main buyer of Egyptian LNG and with a stake in the Idku liquefaction plant, said it boosted its position in the country by acquiring a 45 percent share in the Alam El Shawish West exploration and production licence from Vegas Oil & Gas.
MAN Diesel, the marine engine unit of Germany’s MAN Group, said its latest propulsion packages were tested successfully on three of the world’s largest and newest LNG carriers.
Marathon Oil Corp. said its Equatorial Guinea LNG plant in West Africa, which was shut down a month ago because of technical problems, may not be able to resume production until December.
KBR, the US LNG engineering and construction firm, posted third-quarter income from continuing operations of $60 million compared to a loss of $8M in the year-ago period as the company adjusted to its spin-off from Halliburton.
Teekay Corp., the LNG carrier operator, reported a drop in third-quarter net income to $17 million compared with $79.8M last year, but its LNG fleet’s earnings held up because of the delivery of three carriers for the RasGas II LNG project in Qatar.
BG Group, the main LNG portfolio player in the Atlantic basin, more than doubled operating income from LNG in the third quarter and boosted spot cargo sales to Asia, even as its overall profit declined slightly because of a North Sea pipeline problem.
Daewoo Shipbuilding & Marine Engineering Co., the South Korean LNG carrier builder, said it would supply three vessels to the Angola LNG project.
CB&I, the leading US engineering, procurement and construction company, said it won an LNG contract in Australia valued at more than $373 million for part of Woodside Energy’s development of the Pluto LNG project.
Eni, the Italian energy company, said worldwide natural gas sales rose in the past three months, partly boosted by LNG sales in the Asian and North American markets.
Uruguay and Argentina are seeking international partners to build a joint LNG import and regasification terminal near the Uruguayan capital, Montevideo, and to serve both countries.
