Free ReadExxonMobil Corp. has signed up with US plants developer Venture Global for two long-term Sales and Purchase Agreements amounting to volumes of 2 million tonnes per annum from Louisiana LNG export plants. Venture Global, based in Arlington, Virginia said ExxonMobil LNG Asia Pacific (EMLAP), which has an LNG trading licence…
The United States Government forecasts that liquefied natural gas exports would hit an all-time high through the normally quieter Northern Hemisphere summer from May to August and even amid higher benchmark Henry Hub prices.
New Fortress Energy Inc., the US LNG-for-power company, saw its shares rise after it executed a binding agreement to charter a floating storage and regasification unit to Dutch utility Gasunie to serve as a second LNG import terminal for the Netherlands at the Port of Eemshaven.
Norway’s Equinor has sold North Sea oil and natural gas asset to the private equity-backed player Sval Energi in a deal including a cash payment of US$1 billion and a contingent payment structure linked to realised oil and gas prices for both assets for 2022 and 2023.
The France-based International Group of Liquefied Natural Gas Importers (GIIGNL) has issued its annual report with key statistics as LNG became the most sought-after commodity and the fleet grew to 700 vessels at the start of 2022 compared with 378 ships 10 year ago.
Enbridge Inc., the Canada-based North American natural gas and oil pipeline company, said it was securing more US LNG feed-gas supply contracts but also expects Western Canada to help fill the Asian supply and for a smoother pathway to the Gulf Coast for the huge Canadian oil resources.
Free ReadBaker Hughes, the liquefied natural gas equipment-maker and energy services company, has told investors it was well positioned to capitalize on multi-year growth in LNG and new energy projects. The company, which has main offices in Houston and London and is led by Chairman and Chief Executive Lorenzo Simonelli said…
Swiss company Burckhardt Compression, a specialist provider of LNG sector equipment and technology, said its Chinese subsidiary, Shenyang Yuanda Compressor Co., has signed a contract with China’s Sinopec Guangzhou Engineering to supply three skid-mounted hydrogen compressors for a major project.
Kosmos Energy, the US-based shareholder in the floating liquefied natural gas joint venture offshore the West African nations of Mauritania and Senegal, swung to a profit from a prior-year loss as more progress was made on the FLNG project.
Japan, which was receiving an LNG cargo from Russia on May 9, said it would gradually phase out Russian oil imports as part of a Group of Seven sanctions response to the invasion of Ukraine, though would retain its stakes in certain joint ventures, including the Sakhalin LNG and oil…