ExxonMobil Corp., the largest US oil company and leading LNG producer and a partner of Qatar, continues in talks to acquire Texas-based Pioneer Natural Resources in what would be its largest acquisition since the historic tie-up between Exxon and Mobil in 1999.
European and Asian liquefied natural gas prices dropped with the February 2024 Japan-Korea Marker for North Asian spot cargoes being the highest in the complex as vessel charter rates plunged in a week when oil also lost $10 a barrel and European Union natural gas storage was full and temperatures…
Intercontinental Exchange, the leading global provider of energy trading platforms for futures and options, has announced a record third-quarter for the European benchmark Dutch Title Transfer Facility (TTF) with a record 18.7 million TTF futures and options traded.
Free ReadSaipem, the Italian energy and LNG engineering company specializing in subsea work, has signed a letter of award with Abu Dhabi National Oil Company (Adnoc) for a new contract related to the Hail and Ghasha natural gas development project in the United Arab Emirates. Saipem said its share of the…
ExxonMobil Corp., the largest US oil company and leading LNG producer and a partner of Qatar, will have its third-quarter earnings impacted by price shifts as it also found a buyer for its stake in the Adriatic LNG import terminal offshore the northeast coast of Italy.
TC Energy Corp., whose current projects include the building of the Coastal GasLink pipeline for LNG Canada, has completed the sale of 40 percent stakes for a total of C$5.3 billion (US$3.9Bln) in two US assets, Columbia Gas Transmission and Columbia Gulf Transmission, transporters of 20 percent of US LNG feed-gas…
BP said its US subsidiary Archaea Energy has started up its first Archaea Modular Design (AMD) renewable natural gas plant in Medora in Indiana following the $4-billion acquisition a year ago of the bio-natural gas fuel player.
Free ReadAbu Dhabi National Oil Company (Adnoc) has awarded a contract valued at more than 1.47 billion United Arab Emirate dirhams ($400M) to US LNG equipment and technology-maker Baker Hughes for the supply of two all-electric compression systems for the UAE’s planned second LNG export plant to be located at Al…
European classification society DNV said there were a total of 29 LNG alternative-fuelled vessels added to its the database in August and September as the sector showed continued growth and lower LNG bunker prices in markets like Rotterdam helped to improve the shipping economics outlook.
French liquefied natural gas maritime storage tanks designer GTT and its smart-shipping brand have signed a Technical Services Agreement (TSA) with the France-based containerships operator CMA CGM Group covering 49 LNG-powered vessels.