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Free ReadSaipem, the Italian energy and LNG engineering company specialising in subsea and oil and gas development projects and pipelines, posted soaring third-quarter revenues of more than €3 billion ($3.2Bln) as global demand surged. Saipem said revenues to the end of September 2023 amounted to €3.02Bln compared with €2.85Bln in the…
LNG supply growth is expected to drive an increasingly interconnected and globalised gas market as Asian natural gas demand increased again during 2023 while Russian pipeline gas flows to the West are set to be cut to under 16 billion cubic metres under current circumstances.
US shipping logistics and bunkering companies Seaside LNG and Polaris New Energy gathered with Fincantieri Bay Shipbuilding executives to christen the recently constructed LNG bunkering barge “Clean Everglades” to be deployed along the US Gulf Coast.
Ascenz Marorka, the smart-shipping arm of LNG maritime storage technology company GTT, has signed a contract with Global Ship Lease (GSL), a leading independent owner of container vessels to roll out its shipping systems across the GSL fleet.
Free ReadSaudi Arabia, which is buying LNG assets for the first time through Saudi Aramco, said that recent multi-billion dollar agreed acquisitions during October by US oil majors ExxonMobil Corp. and Chevron Corp. for Pioneer Natural Resources and Hess Corp. respectively for combined sums of more than $112 billion in stock…
China National Offshore Oil Corp. (CNOOC), a leading LNG market participant among Chinese oil and gas majors, reported a more than 8 percent fall in third-quarter profit on lower realised oil and natural gas prices even as production increased.
The world’s largest sovereign wealth fund belonging to Norway, the main pipeline natural gas supplier to the European Union and an LNG producer, reported a loss of almost $34 billion in the third quarter as all asset classes fell in value.
The European Union’s Agency for the Cooperation of Energy Regulators (ACER) has issued its annual report on the natural gas market, including the role of liquefied natural gas, with a list of lessons learnt and future actions to be taken 18 months after the Russian supply shock began with the…
Free ReadThe International Energy Agency said that the “fraught situation in the Middle East comes 50 years after the oil shock” that led to the founding of the Paris-based IEA itself by the Organisation for Economic Cooperation and Development and the agency has just issued its mixed World Energy Outlook 2023.…