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Royal Dutch Shell, with one of the largest global LNG sales portfolios, has warned investors to expect post-tax charges of between $3.5 billion and $4.5 billion in relation to impairments, asset restructuring and onerous gas contracts in the fourth-quarter earnings in February 2021.
Italian energy company Eni, with an excellent success record with major gas discoveries offshore Egypt and Mozambique, has teamed up with Thailand’s national energy company PTTEP to sign a concession agreement for the acquisition of exploration Block 3 offshore LNG producer Abu Dhabi in the United Arab Emirates.
Cheniere Energy, the largest US LNG exporter from the Sabine Pass plant in Louisiana and the Corpus Christi facility in Texas, told regulators that its Sabine Pass Train 6 project was now more than 44 percent complete in terms of construction amid continued progress by US engineers Bechtel Inc.
Free ReadRussian natural gas company Gazprom said more than 30,000 workers were on site to complete the Amur Gas Processing Plant, part of the “Power of Siberia” project already bringing pipeline gas to China and with an affiliated LNG liquefaction plant to fuel trucks carrying containers of liquid helium for export.…
UK major BP and India's Reliance Industries Ltd have started production from an ultra-deep-water block in the Krishna Godavari Basin offshore the East Coast of India as part of a project that will eventually supply about 15 percent of India’s domestic gas needs and slightly reduce the nation's LNG import…
Global cargo liftings of liquefied natural gas declined after four weeks of increases, but North Asia spot LNG prices broke through the $10.00 per million British thermal units level and North Sea Brent crude cleared $51 a barrel amid concerns about future US energy policies, reflected in higher Gulf Coast…
Angola, the southwest African oil and gas and LNG producer, is hoping for the full support of African nations during the 2021 Angolan presidency of the Organisation of Petroleum Exporting Countries (OPEC) and for resistance to growing pressure from Western lobby groups aimed at killing the oil industry globally under…