US majors ExxonMobil Corp. and Chevron Corp. recorded their second-largest annual profits in 10 years as oil and natural gas production increased and Chevron shipped record LNG cargoes from Australia even amid work stoppages.
European and Asian liquefied natural gas prices rebounded from near three-year lows as European storage levels began to fall for key nations and liftings of LNG cargoes hit a winter season low amid renewed concern about adverse government interference in energy markets.
US energy engineering company McDermott has been awarded two contracts by the leading LNG producer Qatar for the Arabian Gulf nation’s largest oil field.
The Republic of Cyprus, the Greek-speaking part of the divided island in the process of developing the Aphrodite natural gas field in the Eastern Mediterranean as a regional gas and LNG hub, is involved in a dispute with a Chinese company over a separate LNG import terminal project still under…
Shell reported a drop in fourth-quarter and annual profits as oil and gas prices declined from last year while the UK major’s LNG sales increased to over 67 million tonnes for the year.
The North Sea Transition Authority (NSTA), the UK regulator seeking more oil and gas exploration and production in British territorial waters that will affect future import needs for pipeline gas, LNG and oil has offered a total of 24 licences in the second tranche of the 33rd oil and gas…
.French major TotalEnergies has signed an agreement to acquire a 50 percent interest in Malaysian independent gas producer and operator Sapura-OMV Upstream, a Malaysian-Austrian joint venture and some of whose feed-gas assets are delivered to the Bintulu LNG plant.
Cheniere Energy Inc., the largest US liquefied natural gas exporter and operator of the Corpus Christi plant in Texas and Sabine Pass in Louisiana and with both being expanded, has been approved for up-listing to the full New York Stock Exchange (NYSE) from the NYSE American list.
Free ReadEurope’s largest liquefied natural gas import terminal, the UK’s Isle of Grain facility on the Medway River in Kent, has extended its capacity agreement with the Algerian national energy company Sonatrach. Grain LNG, owned by a subsidiary of National Grid Plc, said a 10-year agreement was signed to extend the…
Long-term contracts signed with North American and Middle East LNG suppliers increased through the past 12 months and continued geopolitical and energy security concerns around the world remained the key drivers behind government natural gas policies in Asia and Europe.