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The International Union of Marine Insurance (IUMI) reported a surge in the annual global premium base with the total reaching $35.8 billion, an 8.3 percent increase on the previous year in a business with liquefied natural cargoes currently valued at around $40 million and LNG carriers, for example, worth $250M.
Norwegian oil and gas company and LNG export plant operator Equinor has submitted a fast-track plan to the government for development and operation of the Eirin natural gas field gas field in the North Sea that will provide more supplies to the Europe.
Chile, the South American liquefied natural gas importer, has a new energy investor in the form of the world’s largest player, Saudi Arabian Oil Company, which has agreed to acquire a 100 percent equity stake in Esmax Distribusción SpA (Esmax) from Southern Cross Group, a Latin America-focused private equity firm.
Free ReadThe Japan Organization for Metals and Energy Security, a national agency with a stake in the Russian Arctic LNG II project operated by the Novatek natural gas company of Russia, is likely to put Japanese LNG needs over Western sanctions as Japan did when keeping cargo rights from Sakhalin LNG.…
The US Potential Gas Committee (PGC) has released its long-awaited report showing that the world’s No. 1 liquefied natural gas exporting nation has record natural gas resources in the prime basins in terms of recoverable gas and reserves.
Vital Energy Inc., the Tulsa, Oklahoma-based exploration and production company, has signed three transactions worth around $1.17 billion to add nearly 53,000 net acres to its assets in the Midland and Delaware areas of the Permian Basin with significant proved oil and natural gas reserves.
Free ReadElixir Energy Ltd, the Australian exploration and production company with coal-seam gas interests in the Gobi Basin of Mongolia, is also making progress with assets in the Australian state of Queensland where it signed a data-sharing agreement with LNG operator Santos for the Bowen Basin. “The company has entered a…