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Baker Hughes, the US liquefied natural gas equipment-maker and energy services company, reported a surge in net profits and revenues amid growth in orders including for gas field services in Algeria and LNG in Australia.
Free ReadItalian utility Enel Group reported a drop in first-half revenues of almost 18 percent amid falling prices and lower volumes sold, though net income increased. Enel revenues declined to €38.73 billion in the six months from €47.09Bln, a drop of 17.8 percent from the first-half of 2023. Enel is involved…
Saipem, the Italian engineer for LNG, oil and pipeline gas subsea contracts, reported a rise in earnings as well as a surge in new contracts and revenues, giving the company a backlog of €30 billion ($33Bln) and signalling an improving energy sector.
Free ReadWilliams Companies, the North American pipeline natural gas and storage and gathering operator, plans to proceed with the Louisiana Energy Gateway (LEG) natural gas pipeline even in the face of an ongoing dispute. The Tulsa, Oklahoma-based company has notified the US Federal Energy Regulatory Commission that it intends to proceed…
Argentina may record a record year for investment in the Vaca Muerta Shale Basin, where the nation’s future energy optimism lies, and with companies projecting a more than 12 percent increase in spending to $10 billion by the end of 2024.
Norway’s Equinor, the LNG exporter and main supplier of pipeline natural gas to Europe, posted a slight rise in second-quarter net income as new fields came on stream on the Norwegian Continental Shelf amid continued high grading of the company’s oil and gas portfolio.
EQT Corp., the leading US natural gas producer in the Appalachian shale basins and an emerging LNG player, swung to a profit as the business is currently being overhauled with the acquisition of Equitrans Midstream and with effective operatorship of America’s newest natural gas infrastructure, the Mountain Valley Pipeline.
Free ReadNew Fortress Energy said that after successfully producing LNG at its first floating LNG production unit offshore Altamira in the Gulf of Mexico the firm has now closed a $700 million loan for its second FLNG unit. “Now operational, FLNG 1 expects to deliver its first cargo in August and…