BG Group, a key LNG player in the Atlantic Basin, said second-quarter LNG income dropped 15 per cent to 311 million pounds ($509M) from 367M pounds a year ago as LNG prices plunged and demand for cargo diversions was hit by the global recession.
Royal Dutch Shell has signed an agreement with Frances Technip and South Koreas Samsung Heavy Industries for the design, construction and installation of multiple floating LNG liquefaction facilities over a period of up to 15 years.
The US Federal Energy Regulatory Commission issued an order partly granting a petition for a waiver for Shell North America to allow Russias Gazprom some capacity Shell holds for regasified LNG to be transported on the North Baja Pipeline from Mexico to the US.
Fluor Corp. said it was awarded a contract to perform front-end engineering and design services by Australian energy company Santos for a coal-seam-gas-to-LNG project in Queensland, Australia.
DSM Dyneema, the Dutch company whose fiber products include ropes for LNG carriers and components for a cryogenic hose for offshore LNG transfers, announced the start of a lawsuit against a Chinese company and an Italian-based distributor for alleged patent infringement.
Teekay LNG Partners, the shipping holding company of Canadas Teekay Corp., said net average voyage revenue for its LNG carriers in the first three months of 2009 was $57,290 per day compared with $55,982 in the first three months of the previous year.
Woodside Petroleum said its Pluto LNG project was 65 percent completed and on schedule for start-up in 2010, while the Australian company expected to award a front-end engineering and design contract for the Pluto expansion in the third quarter of 2009.
Technip, one of the worlds leading LNG engineering firms, said second-quarter profits rose more than 12 percent as the French company handed over two more completed LNG liquefaction Trains in Qatar.
Hamworthy said two of its onboard LNG regasification plant installations are set to undergo gas trials on a floating storage and regasification unit (FSRU) for Brazil and the other on a shuttle regasification vessel (SRV) destined for the US.
NorthernStar Natural Gas Corp.'s Bradwood Landing LNG project to be located along the Columbia River in the western US state Oregon has advanced after receiving final land-use support from the local authorities.