US energy and liquefied natural gas project engineering company McDermott has been awarded an initial contract as part of a venture for the development of a natural gas field offshore Vietnam, one of the newest LNG importing nations.
UK major BP posted solid results in the third quarter that saw the Chief Executive resign while in company activities a very strong oil trading result along with higher oil and natural gas production were partly offset by weaker natural gas marketing and trading results.
Free ReadPetronet LNG, the owner of the largest Indian import terminal at Dahej in the West Coast state of Gujarat and a smaller facility at Kochi in the southwest state of Kerala, reported 10 percent higher fiscal second-quarter net profits, though revenues dropped by over 22 percent from the same quarter…
Intercontinental Exchange, the leading global provider of energy trading platforms for futures and options, plans to launch a Dutch Title Transfer Facility Calendar Spread Option (CSO) contract on December 11 subject to regulatory approval.
Equinor of Norway has signed a new agreement starting immediately to supply German utility and LNG market participant RWE with pipeline natural gas.
JERA Co. Inc., Japan’s biggest liquefied natural gas importer and utility company, reported an almost 8 percent increase in quarterly revenues and a swing to profit compared with a loss in the same three months of last year.
Chiyoda Corp., the leading Japanese liquefied natural gas and energy engineering company, has been awarded a contract by Japan’s Mitsubishi Corp. to study the establishment of carbon-capture and storage (CCS) value chains in Japan and elsewhere using its expertise in LNG liquefaction.
Free ReadThe North Sea Transition Authority (NSTA) is awarding 27 new oil and gas licences aimed at strengthening domestic energy security as a necessary back-up for renewables and to help reduce the mounting import bill for pipeline natural gas, LNG and oil. A total of 27 licences have been offered in…
Chart Industries Inc., the liquefied natural gas equipment-maker and industrial gas and energy technology company, posted solid third-quarter results including record operating income and backlog of orders.
North Asian spot LNG cargo prices fell on the week while European wholesale natural gas values also declined as full storage in the southern European Union nations of Spain and Italy and mild seasonal weather in Northwest Europe eased geopolitical supply concerns.