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Petronas, the Malaysian state energy company and LNG producer with regasification interests in the Atlantic Basin, posted a 40 percent jump in full-year profits to $18 billion from $13Bln the previous year amid record prices for LNG and higher production.
EDF Trading, the French company with a growing LNG business, has appointed John Rittenhouse as its new Chief Executive.
Sonatrach, the Algerian LNG producer, has chosen Petrofac, a UK-based energy services provider, and Indonesia’s IKPT to build a new LNG Train after the partners were the lowest bidders in a tender against experienced players such as Japan’s Chiyoda Corp. and France’s Technip.
Qatar’s Energy Minister said at a naming ceremony in South Korea for the world’s largest LNG carrier “Mozah” that the completion of the ship proves that the country’s concentration on “mega projects” for LNG carriers and production Trains has been a success.
StatoilHydro said its Snøhvit LNG plant in northern Norway is operational again after a two-month shutdown for a major overhaul, though Europe’s first export project will continue to run at a much reduced capacity for another year.
France’s Total, Royal Dutch Shell and Spain’s Repsol have all now declined to move forward on planned LNG projects linked to Iran’s huge South Pars gas field because of the Iranian stand-off with the United Nations over its nuclear programme.
Technip, the French LNG engineering firm, has made its second takeover of another firm in a week by acquiring Eurodim, a French company specializing in offshore LNG and LNG transfer equipment.
Mustang, the Houston-based LNG and energy engineering firm. is providing a conceptual study for offshore facility options for the Greater Sunrise LNG development in the Timor Sea, north of Australia.
Chevron Corp. announced a “significant extension” of its Iago natural gas field located 130 kilometres offshore northwestern Australia that will boost the prospects for its Wheatstone LNG project in the region.
BG Group, the UK-based Atlantic Basin LNG player, lodged a statement with the Australian Securities and Investments Commission on its hostile US$13 billion bid for Origin Energy, a holder of large coal-seam gas reserves with LNG potential.