UK-based major Shell reported better-than-expected earnings to start 2024 despite lower prices and a decline in LNG sales as the natural gas, oil and chemicals trading units all performed well.
Technip Energies, the leading European energy and liquefied natural gas project engineers, reported increased net profits and revenues as the backlog was also boosted by Middle East LNG contract awards in the United Arab Emirates and in Oman.
Marathon Oil Corp., the US company and main shareholder in Equatorial Guinea LNG in West Africa as well as a key operator in the major US shale basins, reported solid earnings amid the effects of lower prices offset by the further development of the Equatorial Guinea Regional Gas Mega Hub…
Intercontinental Exchange, the leading global provider of trading platforms for the whole energy complex from crude oil to LNG cargoes and European and Asian natural gas futures and options, has refined its contract for key US Gulf Coast oil futures.
The world’s leading liquefied natural gas importer Japan, now along with China as a rival for cargoes, has its own specialised energy policies and reactions to environmental issues dating from the time of past oil crises during Middle East conflicts.
Australian coal-seam gas explorer Elixir Energy has issued a quarterly activities report outlining progress on CSG projects in Queensland and Mongolia.
Chesapeake Energy Corp., the US natural gas producer with LNG interests and currently completing a merger with Southwestern Energy to create one of America’s biggest natural gas companies, reported a slump in profits and revenues in the first quarter, citing weak market dynamics.
Free ReadThe US Federal Energy Regulatory Commission has announced a special meeting on May 13 to consider its long-awaited electricity transmission reform proposals that will affect energy markets across America. The reforms have been considered since severe storms in states from North Dakota to Georgia struck in the Christmas of 2022. This…
A meeting has taken place in Cyprus to push forward with future East Mediterranean natural gas and LNG joint ventures recently affected by conflict in the Middle East.
Fortum, the Finnish energy and power company with European Union-wide operations and that was forced to give up the German natural gas and energy supplier Uniper which had relied on Russian pipeline supplies from Gazprom, reported another substantial drop in profits.