French major TotalEnergies reported an almost three-fold surge in second-quarter adjusted net income to $9.8 billion compared with $3.46Bln in the prior-year quarter even after a $3.5Bln impairment charge related mainly to the potential impact of international sanctions on the value of its Novatek stake.
Shell’s earnings skyrocketed in the second quarter as more projects in Qatar, Australia and UK are set to boost liquefied natural gas and pipeline gas volumes while the company sold more than 15 million tonnes of LNG during the quarter at high prices.
Technip Energies, a leading European-based liquefied natural gas engineering company, reported increased first-half net profits and revenues even as it made “an ongoing orderly exit” from the Arctic LNG II project in Russia.
Angolan liquefied natural gas project partners, who are also part of the New Gas Consortium (NGC) in the country, have taken a final investment decision for the development of the Quiluma and Maboqueiro fields in the first non-associated natural gas project undertaken in the southwest African nation.
Free ReadNextDecade Corp., the developer of the Rio Grande LNG export project on the Brownsville Ship Channel in Texas, has signed a 20-year sale and purchase agreement with ExxonMobil LNG Asia Pacific. Under the SPA, the US major’s Asia unit will purchase 1 million metric tonnes per annum of LNG supplied…
Equinor posted a multiple increase in net profits and revenues as it stepped up to boost European energy security with more pipeline gas, a re-started LNG plant and 18 percent higher gas output from the Norwegian Continental Shelf.
Royal Vopak, the Dutch global energy storage company with several LNG terminal stakes including in the Gate facility in Rotterdam and a floating terminal in Colombia, reported a €410.5 million ($417.3M) second-quarter loss because of asset impairment charges relating to the Russian war in Ukraine, inflationary pressures, utility prices and…
JERA Co. Inc., the largest Japanese LNG importer and power utility operator, said fiscal first-quarter operating revenues from April through June 2022 more than doubled because of soaring sales by fuel trading subsidiary JERA Global Markets (JERAGM) as well as a year-on-year increase in electricity sales.
France is moving ahead with its fifth LNG import terminal with a floating storage and regasification unit (FSRU) being deployed at the port of Le Havre on the northeast coast of Normandy where there had previously been an onshore facility that handled deliveries of LNG from Algeria for Gaz de…
Free ReadThailand’s state energy operator PTT Public Company Limited (PTT) has secured long-term liquefied natural gas volumes by signing a firm supply deal with the largest US exporter Cheniere Energy. The PTT subsidiary, PTT Global LNG Company Ltd (PTTGL), signed the sale and purchase agreement with Cheniere to book cargoes from…