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Marathon Oil Corp., the shareholder in Equatorial Guinea LNG in West Africa, has completed the acquisition of private equity-backed firm Ensign Natural Resources for $3 billion in cash to almost double its position in the Eagle Ford shale basin of South Texas.
Free ReadChiyoda Corp, the leading Japanese energy and LNG engineering company involved in projects worldwide, has announced that it will merge three group companies as part of a corporate overhaul and a re-organization of executives. The company will merge Chiyoda Kosho Co., Chiyoda System Technologies and Chiyoda TechnoAce Co., to establish…
NextDecade Corp., the developer of the Rio Grande LNG export project on the Brownsville Ship Channel in Texas, has signed a volume increase of the sales and purchase agreement (SPA) with ENN LNG of Singapore, a trading unit of the Chinese ENN Natural Gas Group.
Japan's Economy, Trade and Industry Minister (METI) Nishimura Yasutoshi said during a tour of the Middle East that Japanese trading houses would soon sign an LNG supply agreement with the Sultanate of Oman on the Arabian Peninsula.
Venture Global LNG, the US operator of the Calcasieu Pass export plant in Louisiana and developer of three other plants in the US Gulf Coast state, has signed a sales and purchase agreement with a key Singapore-based Japanese trading firm.
Indonesia has approved the extension of the Tangguh production sharing contract for 20 years to underpin the Tangguh LNG export project involving state companies, UK major BP, Japan’s Inpex and a Chinese stake, including in the Train 3 expansion currently under construction.
Free ReadFreeport LNG has updated the timing of the initial restart of its liquefaction facility on Quintana Island in Texas after repairs and refurbishment following the June 2022 fire. “The company continues to make notable progress on its path towards the restart of liquefaction operations,” said Freeport. “As of December 23rd,…
The Japan-Korea Marker price for spot LNG cargoes for Japan, China and South Korea moved back to the trading limelight for the February 2023 trading window as the European Union benchmark gas price crashed from record highs amid less severe Continental weather, though withdrawals from EU gas storage increased.
Italian energy company Eni has signed a contract with China’s Wison Heavy Industry shipyard for the construction and installation of a floating liquefied natural gas production unit offshore the Republic of Congo and the second proposed FLNG venture for the West African nation.