Daily News
The dramatic cost surge in the oil and gas industry that has afflicted LNG projects as well continues, with the latest upstream capital costs index climbing 7…
Fluor Corp., the LNG contractor, said first-quarter net earnings were $85 million, or $0.94 per diluted share, compared with $89M, or $1.00 per diluted share for the…
McDermott International, whose J. Ray subsidiary is a leading LNG contractor with various wins in Qatar, reported net income of $158.1 million, or $1.38 per diluted share,…
Qatar’s Energy Minister Abdullah bin Hamad Al Attiyah and a government delegation have visited the Golden Pass LNG import terminal currently under construction at Sabine Pass, Texas,…
BG Group, the biggest player in the Atlantic Basin LNG market, said first-quarter profit fell 25 percent as higher output failed to offset lower prices for oil…
Total of France, Europe's No. 1 oil refiner and a key LNG player, posted a more than 10 percent fall in first-quarter profits as net income dropped to…
Gaz de France, one of Europe’s leading LNG importers, said it planned to create a new organizational structure for its activities, including LNG, and has also re-shuffled its…
Royal Dutch Shell posted a 14 percent rise in first-quarter net profit as higher refining and retail margins offset lower oil and petroleum product prices and LNG…
Sempra Energy, the San Diego-based LNG terminal developer, reported first-quarter 2007 net income of $228 million, or $0.86 per diluted share, compared with $255 million, or $0.98…
Southern Natural Gas Co., a subsidiary of El Paso Corp. and owner of two LNG reception terminals in the US, said it opened phase one of its…
Marathon Oil Corp, the US energy company developing the Equatorial Guinea LNG project to ship offtake from West Africa to Lake Charles, Louisiana, said first-quarter 2007 net…
Demand for LNG is growing particularly rapidly in Asia and on a global basis the fuel is now on an energy parity with crude oil as the market matures,…
KBR of the US, Japan's JGC Corp., Technip of France and Italy's Snamprogetti have executed a contract with Nigeria LNG for the preparation of project specifications and…
Algeria said it planned to increase natural gas exports by a third to 83 billion cubic metres per annum from 2010 and half of the overseas sales…
Israel's cabinet has voted to open negotiations with BG Group of the UK on the purchase of natural gas from a field off the Gaza Strip that…
Tokyo Electric Power Co. (Tepco) said it hoped to buy 17.5 million tonnes of LNG in fiscal 2007, an increase of more than 4 pecent on the…
Cheniere Energy, the US LNG terminal developer, said its marketing arm and Gaz de France have entered into two Transatlantic LNG option agreements to establish a framework…
ExxonMobil, the world's largest company by stock market value and a leading LNG producer, has posted first-quarter 2007 profit of $9.28 billion, a rise of 10 percent,…
The Petronas-owned Malaysia LNG complex in Bintulu, Sarawak, plans to boost its 23 million tonnes per annum output of LNG from Dua LNG by 4.6 MTPA, or 20…
An LNG production project involving US investment bank Merrill Lynch and several partners, and located in the Pacific state of Papua New Guinea, is making progress.
Royal Dutch Shell said the LNG industry would need to build up to 60 new liquefaction Trains of an optimum 5 million tonnes per annum output to…
Petrobras, the Brazilian energy company, said it signed a deal to buy spot LNG cargoes from Nigeria to supply up to three floating storage and regasification vessels…