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Monday, 13 January 2025
Free ReadVenture Global LNG will begin formally pitching to investors this week for its initial public offering (IPO). The US LNG producer is aiming to secure a non-diluted valuation of as much as $110 bill, a document seen by Reuters and a person familiar with the matter said over the weekend.…
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Monday, 13 January 2025
Free ReadConstruction for ‘ArtawiGas25’ – a first processing unit to recover associated gas from the Ratawi field in southern Iraq – has been started by TotalEnergies together with Basra Oil Company and QatarEnergies. Built at a cost of US$250 million, the facility will be expanded to eventually gather and process enough…
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Friday, 10 January 2025
The Alaska Gasline Development Corp (AGDC) has revealed that it is talking with the Glenfarne Group regarding the takeover of the $44 bill Alaska LNG project. Yesterday’s announcement came three days after the corporation had said that a framework agreement was in place with an undisclosed interest, which it would not name…
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Friday, 10 January 2025
ADNOC Gas has awarded three contracts worth $2.1 bill for an LNG pre-conditioning plant (LPP), compression facilities and transmission pipelines, to supply feedstock to the Ruwais LNG project. The LPP and compression facilities will be located within ADNOC Gas’ Habshan 5 plant, part of one of the world’s largest integrated…
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Friday, 10 January 2025
The Institute for Energy Economics and Financial Analysis (IEEFA) has replied to the US Department of Energy (DoE) Office of Fossil Energy and Carbon Management regarding the 2024 LNG Export Study and its request for comments. The study looked at the permitting of future LNG export terminals and the expansion…
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Friday, 10 January 2025
Free ReadEuropean LNG buyers fail to significant attract more deliveries although prices were much higher in the first week of 2025 than early last year. “There is a stickiness in LNG trade flows to Asia,” Energy Aspects said, referring to structural demand growth and heavy demand for spot cargoes from less…
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Thursday, 09 January 2025
UK energy giant, Shell has trimmed its LNG production outlook ahead of the release of its fourth quarter 2024 results. It warned that its oil and gas trading results were expected to be significantly lower than in the previous three months in a note published yesterday.
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Thursday, 09 January 2025
The Philippines is to encourage LNG importers to voluntarily aggregate purchases in an effort to lower prices and improve market efficiencies, government officials said yesterday. "If there is a voluntary effort, then we encourage the industry to aggregate their supply of importation of LNG," said Philippine Energy Secretary, Raphael Lotilla,…
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Thursday, 09 January 2025
Free ReadNorwegian energy major, Equinor has extended an ongoing outage at its Hammerfest LNG plant in northern Norway by 10 days, to 19th January. The cause of the outage was a failed compressor, which is now under repair, Equinor said in a regulatory filing on Wednesday. Hammerfest, also known as Melkoeya…
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Wednesday, 08 January 2025
The US Department of Defense (DoD) has added Chinese shipping giants COSCO Shipping Corp, plus two of its subsidiaries, and China National Offshore Oil Corp’s (CNOOC) trading arm to the list of companies linked to China’s military involvement. This step formalises the designation in an effort to discourage US involvement…
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