US major Chevron Corp., a key operator of LNG export plants in Australia and Africa, reported third-quarter earnings of $6.1 billion, the highest in more than eight years and expressed optimism over natural gas markets and future LNG operations.
Free ReadEni, the Italian major developing Mozambique LNG and with stakes in liquefaction plants in Angola and Nigeria, said the Mozambican Coral South floating LNG project would start up in the second half of 2022. Eni made the point on Coral South FLNG as it reported upstream adjusted gross earnings in…
Global LNG prices fell for a second week as cargo liftings declined while European benchmarks dipped more than the Japan-Korea marker price and opened up a premium approaching $6 per million British thermal units for spot shipments sold into China, Japan or South Korea.
Origin Energy, the Australian utility, reported quarterly revenue of A$633.7 (US$477M) from the Australia-Pacific LNG plant where it has a 37.5 percent share, part of which will be sold to EIG Global Energy Partners, an institutional investor in the sector.
Free ReadBelgian shipping company Exmar, owner of the “Tango FLNG” vessel last deployed in Argentina, has returned steady first-half results and said it was still pursuing opportunities for the LNG production barge as well as for a floating storage and regasification unit. Exmar gave details of the LNG developments as it…
TotalEnergies of France said it benefited from a leading position in liquefied natural gas to generate $4.8 billion in adjusted third-quarter net income versus $848 million in the 2020 quarter while cash flow amounted to $8.4Bln.
Royal Dutch Shell reported overall third-quarter profits down 25 percent from the previous quarter as the natural gas division posted a loss blamed on accounting provisions for hedging while liquefied natural gas sales for the year to date plunged 13 percent.
GasLog Partners, the Greek LNG shipping company with a fleet of 15 vessels, reported a third-quarter increase in revenues and profits as global demand gathered pace.
JERA Co. Inc., the world’s largest LNG procurement company and Japanese power assets holder, reported a surge in revenues as well as liabilities in the fiscal second quarter as ordinary and net income tumbled.
Free ReadElenger, the energy company in the Baltic state of Estonia, has taken delivery of the first of a Damen Shipyard-built liquefied natural gas bunkering vessel, the first LNG fuel supplier deployed in the Gulf of Finland to serve ships and shoreside small-scale customers. The “Optimus” is 100-metres in length with…