Free ReadShell has pulled out of its last high-profile upstream operation in California by completing the sale of majority stake in Aera Energy, headquartered in Bakersfield, and with around 13,000 wells in the state’s San Joaquin Valley producing oil and associated gas. The divestment process involved Shell completing the sale of…
Enagás, the Spanish gas grid and LNG terminals operator, has acquired the Reganosa gas pipeline network in Northern Spain while Reganosa is becoming a 25 percent shareholder in the El Musel regasification and import terminal on the Bay of Biscay previously 100-percent owned by Enagás.
US utility Sempra, whose assets include LNG projects on the US Gulf Coast and Mexico and natural gas and power businesses in California, reported full-year earnings of $2.09 billion compared with $1.25Bln in 2021 and was preparing an imminent final investment decision on the Port Arthur LNG project in Texas.
New Fortress Energy Inc., the US developer of floating LNG production and import terminal projects, reported soaring annual revenues and net profits as its array of projects advanced.
Free ReadSubsea 7 SA, the Oslo-listed oil and gas field services company, was awarded a large contract by Azule Energy in the framework of the Agogo Integrated West Hub Development Project offshore Angola in southwest Africa. The contract scope includes the transport and installation of around 98 kilometres of flexible pipes,…
The natural gas markets in Europe and the global LNG market have attracted a long stream of forecasts and there is a consensus that they will continue to tighten in 2023 when considering the uncertainty of Russia’s future actions and the economic impacts of fluctuating energy prices.
Cool Company Ltd, the LNG shipping joint venture formed between Eastern Pacific Shipping and Golar LNG has issued a business and financial update as it builds a modern fleet and prepares for a listing on the New York Stock Exchange after last year’s initial public offering.
The German Federal Government enjoyed full public support for floating LNG terminals fast-tracked in 2022 and early 2023 for North Sea, Elbe River and Baltic port projects, though is now facing opposition for a fifth out of six proposed floating storage and regasification units (FSRUs) to be deployed at Rügen,…
UK major BP and Kosmos Energy of the US along with the state energy companies of Mauritania and Senegal have confirmed the development expansion concept for the second phase of the Greater Tortue Ahmeyim (GTA) gas fields floating LNG project.
Woodside Energy, the operator of the Northwest Shelf LNG plant and the Pluto LNG facility in Western Australia, posted soaring annual net profits because of higher prices and the benefits of the merger with commodities giant BHP’s petroleum business.