Ophir Energy Chief Executive Nick Cooper said the London-based company was still on track to take a final investment decision on its Fortuna Floating LNG project in 2016.
Chart Industries, the US manufacturer of equipment for the LNG and energy industries, swung to a first-quarter loss because of restructuring and acquisition-related costs, though logged a contract for an import terminal in India.
The apparent resumption of global natural gas and LNG market growth can be misleading as the higher growth is essentially the result of a weather-driven recovery in the European Union where demand rebounded by 4.5 percent after having dropped by 11 percent, according to a new report.
Origin Energy, a shareholder and coal-seam gas provider for the Australia Pacific LNG plant in Queensland, reported an improved quarterly performance thanks to the cargoes lifted from the facility by Chinese energy company Sinopec.
Air Products, the leading provider of LNG liquefaction equipment, posted adjusted quarterly net income from continuing operations of $397 million, up 18 percent compared with a year ago.
Lloyd’s Register, the UK ship classification society, said one of its classed ships, a dual-fuel vessel with LNG propulsion that makes bulk overseas deliveries of cars and trucks, has been launched at a shipyard in Nantong, China.
Japan is preparing to enjoy the significant advantages of US shale-gas development and the expansion of the new liquefied natural gas export industry on the Gulf Coast, even if the prices of American cargoes are higher than those available in Asia right now.
French energy and liquefied natural gas engineering company Technip said it achieved its first-quarter objectives in the “harsh” downturn as it advanced the world’s first two floating LNG projects while its net income rose and revenue was down slightly.
Amec Foster Wheeler, the energy and LNG engineering and construction company, said it had appointment Jonathan Lewis from US company Halliburton as its new Chief Executive with effect from 1 June 2016.
The Canadian National Energy Board (NEB) forecasts that the country’s natural gas production will increase through the next decade, though exports by pipeline to the United States are expected to continue to decline and Canada will rely on sending LNG exports to Asia by 2019 or thereafter.