Free ReadMalaysian oil and gas shipping company, MISC, part of the Petronas empire, has recorded its first loss for over two years. The LNGC and tanker owner reported a net loss of RM446.2 mill for the fourth quarter of 2024, compared to a net profit of RM627.3 mill in 4Q23. In…
Paris-based engineering group, GTT, reported a record breaking 2024 EBITDA of €388 mill, a rise of 65% year-on-year. This reflected significant revenue growth in its core businesses, as well as undertaking effective cost management, the company said.
UK energy giant, Centrica has signed a sale and purchase agreement (SPA) with Brazilian oil and gas major, Petrobras. Petrobras will buy 0.8 mill tonnes per annum of LNG for 15 years, commencing in 2027.
Free ReadUS energy major, ExxonMobil plans to boost natural gas output and supply in Guyana through a large-scale project announced this week. The ‘Wales Gas Vision’, outlined by Exxon’s Guyana head, Alistair Routledge, at an energy conference in Georgetown, is set to provide gas for several petrochemical and power projects through a $1 bill pipeline completed last year.…
During the three and 12 months ended 31st December , 2024, Cheniere Energy generated revenues of around $4.4 bill and $15.7 bill, respectively. In addition, net income was about $1 bill and $3.3 bill, consolidated adjusted EBITDA was around $1.6 bill and $6.2 bill, and distributable cash flow amounted to $1.1 bill and…
Tokyo Gas has announced that it has become the first LNG terminal in the Philippines to be approved for operation. The company has acquired a 20% stake in F-Gen LNG, which owns and operates a floating LNG terminal in Batangas City, southern Luzon, and thus became a shareholder of the…
Commercial operations of the Second Train of the natural gas liquefaction plant in Brazil’s Parnaíba complex has marked the start up of the entire plant. Developer Eneva confirmed that the second liquefaction train of the LNG packaging facility is in commercial operation, having reached the plant’s nominal capacity.
Free ReadA second LNGC has transited the Suez Canal and headed for the Bab el Mandeb strait in the Red Sea. This is only the second LNGC transit since last June, after the Yemeni Houthis launched an offensive against many vessels using the strait. Reuters has reported that the Liberian-flagged ‘Trader III’, was…
At last week’s India Energy Week (IEW) Crown LNG, a wholly owned subsidiary of Crown LNG Holdings Limited, signed a Memorandum of Understanding (MoU) with Indian Gas Exchange Limited (IGX), India's natural gas trading platform. This tie-up is aimed at expanding and enhancing the natural gas ecosystem in Southern India,…