As liquefied natural gas trading increases and the need for shipping leads to more orders at the leading shipyards, the costs and regulations in the industry’s maritime sector continue to rise along with spot charter rates for LNG vessels trading East and West of Suez.
Norway’s Equinor, an LNG supplier to the European Union and which has enabled some of the replacement of pipeline natural gas to Europe in the 18 months, reported a drop in second-quarter profits and revenues even as delivered volumes increased amid LNG and gas terminal incidents and shutdowns.
EQT Corp., the leading US natural gas producer in the Appalachia Shale Basin, reported second-quarter losses due to falls in output and prices, though advanced its direct liquefied natural gas prospects by signing a heads of agreement for tolling at the Lake Charles LNG export project in Louisiana for 1…
Free ReadItalian oil and gas company Eni has followed up its agreed $4.9 billion acquisition of UK-listed Neptune Energy by buying natural gas assets from Chevron Corp. in Indonesia with LNG production potential. Eni has agreed to buy Chevron’s interests in the Kutei Basin offshore East Kalimantan in Indonesia for an…
Nippon Yusen Kabushiki Kaisha, the Japanese shipping company known has NYK Line, is continuing to expand its liquefied natural gas-powered fleet of vessels now numbering over 800 owned and operated ships, including 86 LNG carriers.
Malaysian energy company Petronas and Indonesian state-owned oil and gas company Pertamina have agreed with Shell to jointly acquire the UK company’s minority Masela natural gas block in Indonesian waters that will underpin the Abadi LNG export project in Indonesia and boost future cargo availability in the Pacific Basin.
Naturgy Group, the Spanish global utility company with LNG supplies from the US and Russia and natural gas and utility businesses in Spain and South America as well as renewables projects in Europe, the US and Australia, reported a first-half surge in revenues and net profits.
TC Energy Corp., whose main current project is the building of the Coastal GasLink pipeline for the LNG Canada venture, has agreed to sell 40 percent stakes for C$5.2 billion (US$3.9Bln) in the two US assets, Columbia Gas Transmission and Columbia Gulf Transmission, the transporters of substantial US LNG feed-gas…
HAM Group of Spain, the developer of a growing European LNG filling station network and with other stations opened in South America, has inaugurated another facility on the Andalusia regional highway.
Chevron Corp., the oil and gas major and leading LNG producer, said the mandatory retirement age for President and Chief Executive Mike Wirth had been waived by the company and he would be staying on as Chevron also provided a preview of likely second-quarter earnings.