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Free ReadNew Fortress Energy Inc., the New York-based supplier of LNG for power to Latin America and Asia, has signed an accord with a subsidiary of Italy’s Eni in the Republic of Congo for the deployment of LNG production equipment off the coast of the West African nation for a period…
Kosmos Energy, the US-based shareholder in the floating liquefied natural gas joint venture offshore the West African nations of Mauritania and Senegal, posted higher fourth-quarter net profits and reported the FLNG venture 70 percent completed amid asset acquisitions in Ghana.
Wood Mackenzie, the UK energy consultants, said that despite  concerns about a natural gas crunch in Europe following the full suspension of the Nord Stream II natural gas pipeline from Russia to Germany over the Ukraine invasion, Europe could still be in a short-term positive position because of LNG. “Mild…
Global and natural gas stalwart companies BP of the UK and Equinor of Norway will face combined earnings hits of around $27 billion by exiting their Russian business ventures because of the Ukraine invasion, with BP taking the largest profits impairments by breaking up with Rosneft.
Free ReadSeapeak LLC, formerly known as Teekay LNG Partners and with interests in 47 LNG carriers, 20 mid-size liquefied petroleum gas carriers and seven multi-gas vessels, has formally taken the name of Seapeak and implemented several corporate changes. The Teekay partnership in January 2022 officially became part of the US investment…
Chart Industries, the US maker of LNG and industrial gases equipment for the energy transition, reported record fourth-quarter and annual orders and is poised to deliver for three major LNG export projects likely to proceed in 2022 on the US Gulf Coast.
Free ReadIntercontinental Exchange, the leading global provider of trading platforms and clearing, is pushing ahead with development of derivatives and products to allow the hedging of risk in the natural gas, LNG and oil complexes with the latest being a successful Permian Basin product launch. The company said that its ICE…
Cheniere Energy, the largest US LNG exporter from the Sabine Pas plant in Louisiana and Corpus Christi in Texas, reported annual revenues up by 70 percent to $15.86 billion, though posted a net loss from changes to the fair value of derivatives and from previous cancelled cargoes.