Shell has again suspended production at the “Prelude” floating LNG facility offshore northwest Australia because of an electric trip, an issue that had previously led to long shutdowns for safety investigations.
Free ReadPressure on European and global natural gas markets has eased since the beginning of 2023 due to favourable weather conditions and policy actions discouraging gas use, though several factors point to possible supply risks in the fourth quarter. By the end of first quarter of 2023 European hub and Asian…
SNAM, the Italian natural gas grid and LNG terminals operator, said gas demand in Italy in the first quarter dropped by 19.4 percent to 20.54 billion cubic metres compared with 25.47 Bcm at the same time a year ago even as more LNG cargoes were unloaded at the Panigaglia onshore…
RWE AG, the German utility with an LNG floating import facility at Brunsbüttel on the Elbe River, reported a drop in net income as it shut its last nuclear plant in Germany but still relies on coal to replace Russian energy supplies while renewables earnings have fallen.
Excelerate Energy, the leading US provider of floating storage and regasification units (FSRUs) with increased demand from Europe and South America, reported higher net income from natural gas sales in Brazil and Finland and German charter income.
Shell, Europe’s largest oil and gas major and LNG market player, has won a landmark ruling from the Supreme Court of the United Kingdom against claims over on oil spill in Nigeria where Shell is still a shareholder in Nigerian oil and gas assets and the LNG plant.
Free ReadInpex Corp., the leading Japanese energy company and operator of the Ichthys liquefied natural export plant in Australia and developer of the Abadi liquefaction project in Indonesia, reported 34 cargoes shipped in the first quarter from the Ichthys plant at Bladin Point near Darwin. Inpex gave the figure in its…
Free ReadSouth Korea has held a ceremony for the formal hand-over of a new liquefied natural gas bunkering vessel equipped with Korean-designed and constructed cargo storage systems. The “Blue Whale” ship was constructed at the Hyundai Heavy Industries shipyard in the southern port city of Ulsan, where the ceremony took place.…
The United States short-term energy outlook for May said that in future it would make use of changed methodology and the new model would combine a 30-year trendline and the National Oceanic and Atmospheric Administration’s forecast to create the weather forecasts.
Air Products, the LNG equipment-maker and industrial gases company with several mega-projects in the Middle East and Asia, boosted its backlog with four new liquefied natural gas orders and remains the world leader in the sector.