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Iran has threatened to close the Strait of Gibraltar linking the Mediterranean and the Atlantic for shipping and without saying how such a move would be carried out and the threat from Tehran came as the UK condemned Iran as a “malign influence” in the world that was supporting current…
European liquefied natural gas price benchmarks and Asian spot cargo margins dropped to under $1 per million British thermal units as over-supply compared with the past two-and-a-half years and mild weather offset global shipping security and navigation issues from Suez to Panama.
Angola, a liquefied natural gas exporter in the Atlantic Basin for more than 10 years, said it was leaving the Organization of Petroleum Exporting Countries because membership of the crude oil cartel was not serving its interests.
Free ReadGlobal shipping chaos is leading to huge additional economic costs for imports and exports and in terms of shipping liquefied natural gas spot charter rates for West of Suez and East of Suez have plummeted. London shipbrokers said shipping spot charter rates for West of Suez slumped this week because…
Woodside Energy, the operator of the Northwest Shelf plant and Pluto LNG, has signed a Sales and Purchase Agreement (SPA) with Pilgangoora Operations Ltd, a subsidiary of lithium producer Pilbara Minerals for the supply of LNG from the Pluto truck-loading facility at the liquefaction plant.
The investment outlook for Australia’s resources and energy sector remains unstable as parts of the traditional commodities and energy sector like LNG decline in terms of export income and with demand for rare minerals still at high levels while new energy ventures like hydrogen are described as  “immature” in development…
Free ReadWoodside Energy, the Australian LNG plants operator with overseas assets in the US and Senegal, and UK major Shell are moving forward with separate oil and gas project, the Trion joint venture for Woodside and Shell’s Sparta deep-water development located in the Mexican and US portions of the Gulf of…