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The latest US government energy report said the Henry Hub benchmark natural gas price from which the LNG price is derived is expected to increase to an average of $3.22 per million British thermal units in 2021 compared with last year’s average of $2.02 per MMBtu.
Free ReadMcDermott International of the US was awarded the main engineering contract from Australian LNG plant operator Santos for the offshore Bayu-Undan infill well that serves the Darwin liquefaction export plant in the Northern Territory. McDermott said the contract is for subsea, engineering, procurement, construction and installation (EPCI) work for the…
Royal Dutch Shell has given an update on its second-quarter outlook with the Integrated Gas division, including LNG, expected to have trading and optimisation results significantly below average and similar to the first quarter of 2021 because of unplanned maintenance at LNG plants.
Free ReadSeaspan Corp. a subsidiary of New York Stock Exchange-listed Atlas Corp. and with a fleet of 127 containerships, has entered into a long-term charter deal worth $1.5 billion with Israel’s ZIM Integrated Shipping for 10 LNG-powered, dual-fuel newbuilds. Seaspan said the 10 vessels of 7,000 twenty-foot unit (TEU) capacity are…
Delta Offshore Energy, the Singapore-based company, has awarded the world’s leading liquefaction plant builder Bechtel Inc. of the US the preliminary engineering contract for the power plant in Vietnam to be fuelled by imported LNG in Bac Lieu Province on the Mekong Delta.