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Free ReadAustralian LNG plant operator Santos and Italian oil and gas company Eni have signed an accord to cooperate on liquefied natural gas and other opportunities in northern Australia and in and around the former Portuguese colony of East Timor, now known as Timor-Leste. “The areas of cooperation include assessing the…
Free ReadNatural gas storage in the United States has remained essentially unchanged in more than a year with underground working gas capacity in the Lower 48 states showing a small increase in design capacity and peak capacity having a small decrease. Design capacity by state showed the largest is in Texas…
LNG demand was firm worldwide on the week in terms of liftings as prices edged higher for the season for spot shipments to North Asia and European values increased while oil market concerns centred on various issues, including the competence of the current US Administration and its economic policies.
PetroChina, the Chinese oil and gas major listed in Hong Kong and with LNG stakes in Canada and Mozambique, reported an 8.4 percent rise in first-quarter revenues and a return to profits after losses in the same three months of 2020, as it also completed the hand-over of control of…
Free ReadIntercontinental Exchange, the leading operator of global energy derivative exchanges and clearing houses, reported an increase in first-quarter revenues as it continued to launch new products to meet customer demand, including most recently LNG freight futures and a range of Abu Dhabi oil futures and options. ICE said in the…
Equinor’s shutdown of the Hammerfest LNG plant and maintenance at the Peregrino oil field offshore Brazil affected earnings, while higher natural gas volumes were offset by a fall in renewables because there was not enough offshore wind in the North Sea.
Novatek, the Russian natural gas developer of the Arctic LNG II project, has concluded two important agreements on offtake from the facility coming on stream in 2023 while selling a stake to French major Total in its cargo trans-shipment subsidiary.