Dutch natural gas trader GasTerra said it had decided not to comply with Russian pipeline natural gas supplier Gazprom’s payment requirements in roubles and consequently has been cut off by the Russian company.
Avenir LNG, the Norwegian-listed small-scale LNG project developer and vessel owner, has taken delivery of the “Avenir Achievement” as it expands its small-scale terminal and carrier business.
Shell has taken a final investment decision to proceed with the Crux natural gas field joint venture offshore Western Australia to provide more feed gas for the “Prelude” floating LNG export plant.
Free ReadCentrica plc, the UK owner of the British Gas utility business, has completed the sale of its Norwegian offshore exploration and production assets to Sval Energi of Norway and the interests in the Statfjord oil and gas field to Equinor for an initial $1.1 billion as the UK company pulls…
Sonatrach, the Algerian national energy company and LNG producer, said it signed an agreement worth US$490 million with Chinese major Sinopec in the form of a production sharing contract for the Zarzaitine block in the Illizi basin of eastern Algeria.
Gas Authority of India (GAIL), the nation’s main natural gas pipeline operator and a leading LNG importer with US volumes from Cove Point in Maryland and also contracted from Russia’s Gazprom, reported record results and aimed to tie-up more gas supplies under contract to cover growing demand.
Asian LNG spot prices narrowed the differential with European Union wholesale gas markets as futures trading signalled high prices in the third quarter and beyond as the gas complex remained underpinned by high Brent crude values even as an oil demand turnaround is awaited.
Free ReadChevron Corp., the US oil and gas major with additional successful LNG plants in Australia and in Africa and a pipeline gas supply business in the Middle East, has overhauled its corporate structure and senior executive team to strengthen portfolio operations. Chevron, based in San Ramon in California, said that…
Golar LNG, the shipping company now specialising in a small but growing fleet of floating LNG project vessels, increased revenues as well as net profits due to one-items while forecasting future high revenues from floating liquefaction and FLNG terminal projects as it also spun off eight modern carriers to a…
Norway’s oil and gas company Equinor and partners in a block Norwegian Sea have decided to invest almost US$1 billion to bring six new natural gas fields on stream as the LNG export plant at Hammerfest in Northern Norway also started up again.