Qatar Gas Transport Company, known as Nakilat and a global leader in liquefied natural gas shipping, is expanding its fleet to 80 ships through 2027 with orders just placed with a South Korean shipyard for six new gas carriers.
Wood, the London-listed energy engineering and consulting company formerly known as John Wood Group Plc, has secured a contract from South Korea’s Hyundai Heavy Industries for detailed engineering of the topsides facilities on LNG operator Woodside Energy's Trion Floating Production Unit (FPU) to be deployed in Mexican waters of the…
Free ReadThe Ksi Lisims LNG Partnership, a development joint venture of the Nisga’a Nation, Rockies LNG and Western LNG LLC for a floating liquefaction and export plant near the port of Prince Rupert in British Columbia, has signed a 20-year sale and purchase agreement with the Shell subsidiary, Shell Eastern Trading.…
UK major Shell expects to take non-cash impairment charges of between $2.5 billion to $4.5Bln for the fourth quarter, mainly related to the Singapore refining and chemicals hub that Shell is seeking to sell off, though quarterly income attributable to shareholders was expected to remain at around $7 billion.
GAIL (India) Ltd, the shareholder in Petronet LNG and the operator of the Dabhol import terminal in the West Coast state of Maharashtra, signed a long-term supply deal with global commodities firm Vitol.
Samsung Heavy Industries (SHI), the South Korean shipbuilder, has put a value of US$1.5 billion on the floating liquefied natural gas (FLNG) facility recently ordered for the Canadian Cedar LNG joint venture in the Douglas Channel near Kitimat in British Columbia and modelled on an African FLNG vessel.
Intercontinental Exchange Inc. (ICE) reported a trading surge in 2023 in natural gas futures and options with very high liquidity and including record open interest of 39 percent year-over-year in December and record jumps in annual volumes for the LNG-focused Dutch Title Transfer Facility (TTF), Brent crude and West Texas…
Chesapeake Energy Corp. and Southwestern Energy Co., two companies that helped enable the start of US liquefied natural gas exports by providing low-priced feed-gas, are reported to be on the verge of a merger deal as early as this week to create a $16.7 billion company that would be the…
US natural gas prices and Asian spot cargo values signalled that the price of gas around the world had dropped far enough, led down by high European supply levels and record storage, as future prices in the US and West Asia rebounded even as the Red Sea and Middle East…
Free ReadSaipem, the Italian LNG and energy engineering company, has completed the South Gas Compression Plant Pipelines project to increase the life of a substantial number of natural gas wells in the Haradh and Hawiyah fields in Saudi Arabia. The Saudi Arabian Oil Company (Saudi Aramco) project is aimed at reducing…