The North American natural gas market continues to expand and a volatile path is said to lie ahead for the rest of 2024 for a sector linked to power and liquefied natural gas demand as well as future pipeline and gas storage requirements.
Baker Hughes, the US liquefied natural gas equipment-maker and energy services company, swung to an annual profit compared with a previous loss as quarterly income also rose along with revenues amid an operational overhaul and among the orders booked was one for LNG from the United Arab Emirates.
Woodside Energy, the Australian operator of the North West Shelf and Pluto LNG plants in Western Australia, reported an increase in quarterly revenues due to higher realised prices and supported by record full-year production.
Free ReadThe Japan Bank for International Cooperation (JBIC) has signed an agreement with Abu Dhabi National Oil Co. (ADNOC) to proceed with further discussions for financing under the bank’s decarbonisation programme as ADNOC and a subsidiary have also pledged to continue supplying LNG to the Japanese along with long-term crude oil…
Inpex Corp., the Japanese liquefied natural gas producer and project developer, has joined with LNG importers Tokyo Gas and Osaka Gas to conduct a joint study on e-methane production with the largest clean energy company in Abu Dhabi in the United Arab Emirates.
Australian company Melbana Energy, which began production testing in October at its Alameda oil field offshore the north coast of Cuba, has delivered first oil from early production testing and was upbeat on future prospects for the Cuban production sharing contract held by operator Melbana in partnership with Sonangol, the…
Free ReadNuStar Energy, the US liquids terminal and pipelines operator with 9,500 miles of pipeline and 63 terminal and storage facilities, has been acquired by Sunoco LP, the motor fuels distributor, in an all-equity transaction valued at $7.3 billion including assumed debt. The takeover of NuStar is the latest in US…
Venture Global LNG, the owner of the Calcasieu Pass export plant in Louisiana and with three more facilities planned, is considering some changes in the fourth on the list of plants being developed on the US Gulf Coast by the Arlington, Virginia-based company.
The BW Group of Singapore with LNG and shipping interests and led by Andreas Sohmen-Pao has shuffled shareholdings by acquiring a bigger stake in BW Energy with a purchase of shares in the energy unit from another affiliate BW Offshore.
Free ReadA fire apparently caused by a drone attack broke out at a Baltic Sea fuel terminal in Russia owned by the largest Russian liquefied natural gas producer Novatek. “There were no casualties as a result of the fire at the Novatek terminal in the port of Ust-Luga and the personnel…