Daily News

Daily News (16516)

Children categories

ExxonMobil Corp., the US major and significant participant in the liquefied natural gas business, said oil, pipeline natural gas and LNG would still make up more than half of the world’s energy supply through 2050 because the usefulness of oil and gas in meeting the world’s needs remained unmatched.
Intercontinental Exchange, the leading global provider of energy trading platforms for futures and options, reported record Open Interest for August,  including European natural gas and oil contracts amid further developments of US Midland oil and the Brent crude complexes.
Free ReadLuxembourg private equity group CVC Capital Partners has struck a deal to take over the Netherlands-based infrastructure group DIF Capital Partners with its investments in LNG carrier newbuilds. CVC, a leading global markets asset management firm focused on private equity, is acquiring a majority stake in leading infrastructure manager, DIF…
Enbridge Inc, the Canadian-based pipeline and energy company, has agreed to acquire three natural gas businesses from US utility and renewables-focused Dominion Energy in transactions valued at US$14 billion (C$19Bln) to create the largest North American gas utility franchise.
Tellurian Inc., the developer of the Driftwood liquefied natural gas export plant near Lake Charles in Louisiana, has signed an agreement for the supply of eight main refrigerant compression packages for the Phase One development of the Driftwood project.
Global natural gas prices remained flat even as Australian labor unions prepared to have all-out strikes from September 14 at the Gorgon and Wheatstone LNG export plants as mediation talks were still taking place in Perth in Western Australia.
Free ReadUK major BP has entered its third long-term liquefied natural gas offtake contract from the Woodfibre LNG project in the Canadian Pacific Coast province of British Columbia. “With the additional contract to offtake 450,000 tonnes of LNG per year for 15 years on a free on-board (FOB) basis, all of…
Venture Global, the US liquefied natural gas export projects developer in the state of Louisiana, said long-term expansion would increase production from 70 million tonnes per annum to more than 100 MTPA of nameplate capacity.
Australia is considering extending the life of the country’s largest coal-fired power plant located in the state of New South Wales and owned by Australia-Pacific LNG stakeholder Origin Energy because of concerns over energy security.