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The LNG carrier charter market tightened during the second quarter as a result of stronger Far East demand for LNG and the increasing availability of cargoes both in the Atlantic and Pacific basins, Golar LNG said as it reported a doubling of earnings.
BG Group subsidiary QGC has welcomed new Queensland Government legislation that will significantly reduce the environmental impact of coal-seam gas developments for its Queensland Curtis LNG project and ventures by other companies.
India imported almost 1.3 million tonnes of mostly short-term and incremental LNG cargoes last month, with Royal Dutch Shell bringing in more cargoes to the Hazira import facility north of Mumbai.
Opposition is mounting against the Jordan Cove LNG export project in the Pacific Northwest of the US, with two congressional Democrats criticising the Federal Energy Regulatory Commission processes and asking for an extension of the public comment period.
Woodside Petroleum, the Australian energy company and operator of two LNG plants, posted half-year profits of $812 million in a performance boosted by high LNG prices and an almost 18 percent rise in revenue.
Modularization in the construction of LNG plants is now seen as standard practice. Plant parts are built in low labour cost areas such as South East Asia and delivered to LNG projects in countries such as Australia (photo).
The planned export of LNG from Canada's Pacific coast to East Asia will produce substantial revenues compared to current North American pricing and a potential netback of $5-$7 foreseeable for Horn River shale-gas producers, according to a new study.
The Petroleum Safety Authority Norway (PSA) said it found serious breaches of regulations while carrying out an audit related to the application and use of risk analyses, and fire load and fire resistance at the Statoil-operated Hammerfest LNG plant.
Golar LNG, the carrier and project development company controlled by Norwegian shipping tycoon John Fredriksen, said the last day of trading on the Oslo stock exchange of its Norwegian-listed shares will by August 30.
FMC Technologies, the subsea and energy equipment provider with contracts in some of the world's major LNG projects, has agreed to acquire Canadian services company Pure Energy for US$285 million in cash to boost its North American shale-gas presence.