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Free ReadChevron Corp., a leading LNG exporter and operator of liquefaction projects in Africa and Australia, has no plans to reduce its oil and gas business in favour of wind and solar power unlike several other energy companies. Chief Financial Officer Pierre Breber gave his message on behalf of Chevron at…
US liquefied natural gas producers have seen their costs of supply increase for shipments to Asia, though the plants on the Gulf Coast and the East Coast are unlikely to repeat the 2020 cost-related shut-ins as global LNG demand has rebounded.
Free ReadNorway, the LNG producer whose export plant at Hammerfest is still offline after last year’s fire, has offered four production licences in the Government’s 25th licensing round split between seven energy companies and with one block located in the Norwegian Sea and three in the Barents Sea. The 25th licensing…
The Chief Executive of BP said the UK major would continue producing hydrocarbons in the form of oil and natural gas for pipelines and LNG for many decades to come and would benefit from rising oil prices, reducing investor concerns over the past two years that BP was pandering to…
Free ReadTellurian Inc., developer of the Driftwood LNG export plant with volumes taken by leading commodities firms Gunvor and Vitol, will soon sign a long-term lease near Lake Charles in Louisiana so it can begin preparing the site for full construction. Tellurian executive Chairman Charif Souki explained the latest plans in…
Brazilian state oil and gas company, Petroleo Brasileiro (Petrobras), has disqualified a tender from Excelerate Energy of the US after it was the only commercial proposal received in the bidding for the Salvador liquefied natural gas import terminal in Bahia state in northeast Brazil.
Daewoo Shipbuilding and Marine Engineering (DSME), one of the world’s leading builders of LNG carriers, has revealed plans to set up a global research and development alliance on shipbuilding technologies with universities in the US, Scotland and South Korea and with the top maritime classification societies.