South Korea, the third-largest Asian liquefied natural gas importer, has decided to freeze electricity prices even as liquefied natural gas costs for gas-fired power generation have begun to increase and to overtake European LNG cargo values.
QatarEnergy, the leading liquefied natural producer, signed agreements with Chinese major China National Petroleum Corp. (CNPC), covering the long-term supply of LNG to China and a stake in the North Field East (NFE) LNG expansion project.
Civitas Resources Inc., the US oil and natural gas company headquartered in Denver, has made a “transformative” entry into the Permian Basin by acquiring assets of two companies for $4.7 billion with a mixture of debt, stock and cash in the latest round of merger and acquisition activity in the…
Free ReadEuropean maritime classification society DNV has established a Future Ship Joint Innovation Centre in Shanghai in partnership with China State Shipbuilding Corp. (CSSC), the world’s leading shipbuilding group. DNV and CSSC said the facility would allow both companies to cooperate on ship and offshore field technical innovation and to advance…
An important logistical link in Russian liquefied natural gas trading, a huge floating storage unit called “Saam FSU”, was heading past the Norwegian coast on June 20 for its destination port of Murmansk.
Woodside Energy, the operator of the Northwest Shelf and Pluto LNG export plants in Western Australia, is widening its oil and gas activities in the Gulf of Mexico by moving forward with a joint venture costing more than US$7-billion in partnership with Petróleos Mexicanos (Pemex), the state-owned energy company.
Australia's Invictus Energy, is optimistic about the southern African nation of Zimbabwe becoming an oil and gas producer from onshore resources in the Cabora Bassa project in northern Zimbabwe.
Free ReadBangladesh state energy company PetroBangla said the nation has reached agreement with the Sultanate of Oman for the supply of additional LNG cargoes from the Arabian Peninsula. Under the latest Sale and Purchase Agreement (SPA) Oman will supply 250,000 tonnes per annum of shipments as early as 2025 and up…
The US Department of Energy has published its latest LNG export data showing that shipments to Germany halved when the winter season ended and during 2023 US export facilities delivered 21 shipments to German import terminals through April 2023, while the UK, Spain and France extended their lead over China…
Chinese liquefied natural gas imports increased last month by 30 percent as energy demand recovered because of lower prices and more regasification capacity has come on line, including in Hong Kong.