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Despite holding almost 9 percent of the world’s proven reserves of natural gas, Africa remains the most energy-poor continent while industries rely on expensive, inefficient and polluting sources of energy leaving hundreds of millions of households lacking modern energy access, according to a new International Gas Union report.
Free ReadWilliams, the US pipelines company and growing LNG sector participant, has closed the acquisition of MountainWest Pipelines Holding Company from Southwest Gas Holdings in a deal worth $1.5 billion and for a network covering three states. Williams paid $1.07Bln in cash and $430 million of assumed debt for the MountainWest…
Royal Vopak, the Dutch company with global energy storage assets worldwide including stakes in LNG terminals, posted an annual loss including exceptional items linked to  the Europoort Terminal in Rotterdam and a floating LNG venture in Colombia in South America.
The LNG and maritime fuel industry marked its largest recent consolidation deal, though relatively modest in scale, as BMS United Bunkers, Bunkernet and SBI bunkering BV said they had entered a definitive merger agreement to create a company called Baseblue to be a future industry leader in marine fuelling.
TC Energy Corp., the Canadian natural gas pipeline company, reported strong four-quarter results from US and Mexican activities, though posted a huge quarterly impairment charge related to the rising costs of the Coastal GasLink pipeline for LNG Canada and this meant a quarterly loss.
Free ReadGasunie, the Dutch utility and LNG import terminal shareholder in the Netherlands and Germany, said it was working on options to increase LNG with further expansion of the existing capacity off the North Sea port at Eemshaven and at the Gate facility in Rotterdam. Gasunie admitted that a recently announced…
Flex LNG, the Norwegian shipping company with a fleet of 13 vessels and several chartered to the largest US exporter Cheniere Energy, reported lower fourth-quarter net income and revenues from a year ago though expects an increase in revenues for all of 2023 even amid off-hires for four ships undergoing…
With the world’s largest LNG portfolios and continued high demand for the cleanest fuels, the five biggest oil and gas majors are moving forward in a period of unprecedent challenges from energy transition requirements to stricter regulation and calls for more taxes on their profits.
The new Chief Executive of Canadian pipeline company Enbridge Inc., Greg Ebel, has said that regulatory uncertainty in Canada had resulted in a “lost decade” for Canadian liquefied natural gas production and that US regulators also have to help projects on the Gulf Coast of Texas and Louisiana to move…