LNG

Air Products, the leading provider of LNG equipment, reported a 3 percent decline in fiscal second-quarter net profits as it continued as the main LNG processing technology provider while building up a global industrial gases business with projects progressing in nations such as Malaysia, China, Saudi Arabia and South Korea.

Free ReadJGC Corp said a lawsuit has been filed against it and engineering partners, Chiyoda Corp. and KBR of the US, in the Yokohama District Court by the Ichthys LNG project in Australia, led by Japan’s Inpex Corp., claiming around A$758 million (US$595M) in a long-running dispute. JGC had formed a…

Kosmos Energy, the US shareholder in the floating liquefied natural gas joint venture offshore the West African nations of Mauritania and Senegal, halved its losses in the first quarter and said material progress was made across all the major workstreams of the LNG project centred on the Greater Tortue-Ahmeyim gas…

Abu Dhabi National Oil Company (ADNOC), the longest-standing LNG producer in the Middle East for the United Arab Emirates, which is the third-largest oil producer in OPEC, is expected to proceed with an initial public offering of a stake in the ADNOC Drilling company with operations on land and sea.