North Asian spot cargo prices declined on the week while remaining at seasonal highs through to the second quarter as cargo liftings fell and European values stayed above the Asia price with energy markets buoyed by crude oil over $90 a barrel.
Free ReadGrupo HAM, the Spanish company that has opened more than 100 filling stations and now operates around 25 percent of existing facilities in Europe for LNG-powered trucks and other vehicles, has launched a new concept of mobile and transportable service stations. The group’s new mobile unit, which is called EDUX,…
The African Export-Import Bank (Afreximbank) through its Fund for Export Development in Africa (FEDA) has invested in Ecow-Gas BV, a Netherlands-based infrastructure development company with plans to build and operate a number of new LNG facilities in West Africa.
Daewoo Shipbuilding and Marine Engineering (DSME) of South Korea said it was awarded two combined orders worth 1.84 trillion Korean won ($1.53 billion) to build two LNG carriers for Greek company Maran Gas Maritime under the Angelicoussis Shipping Group and six containerships for another European commercial line.
Shell plc, the now UK-based oil and gas major and leading liquefied natural supplier, reported fourth-quarter income of $11.5 billion compared with $4Bln of losses a year ago, while annual LNG sales dropped by 11 percent.
Free ReadTellurian Inc., the developer of the Driftwood plant in Calcasieu Parish in Louisiana, said it would begin construction work in April on its large-scale liquefaction and export plant whether or not a final investment decision has been taken and all project financing is in place. Executive Chairman Charif Souki outlined…
JERA Co. Inc., the largest Japanese LNG buyer and electricity generator, reported a nine-month jump in operating revenue and profits amid a setback in its foray into the wind sector in Taiwan while in the domestic market a larger percentage of coal was used for power.
Gazprom, the Russian pipeline natural gas supplier in competition to LNG, said it produced slightly more gas in January 2022 than last year, though supplies to Western Europe dropped more than 40 percent during the month compared with January 2021.
ExxonMobil has explained its huge earnings turnaround and how it would be focusing on upstream development, LNG projects like Coral South in Mozambique and Golden Pass in Texas while building a larger natural gas trading platform and increasing production from the Permian Basin shale assets.
Free ReadMcDermott International, the leading energy and LNG project engineering company with current LNG projects in the US, Canada, Qatar and Australia, has named Michael McKelvy as President and Chief Executive. The company said he will also serve as a member of McDermott's Board of Directors. Lee McIntire, who has been…