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Free ReadMitsui OSK Lines, the Japanese shipping company, said it signed charter agreements for three ice-breaking liquefied natural gas carrier for the Arctic II LNG project in the Gydan Peninsula of northern Siberia being developed by Russian natural gas company Novatek. The three vessels are being built by the South Korean…
Australia is pushing ahead with natural gas development to improve or offset its growing LNG exports to the nations of Asia and one expanding operator, Beach Energy, has just executed an agreement to acquire another company’s upstream assets in the onshore Cooper Basin of South Australia.
Free ReadExcelerate Energy, the US company that led the global development of floating LNG import terminals, has completed the successful transition of its entire fleet of floating storage and regasification units to Excelerate Technical Management. “Congratulations to our ship management team overseeing this effort and the 600 plus seafarers that supported,”…
Origin Energy, the Australian utility and shareholder with China’s Sinopec and ConocoPhillips in the Australia-Pacific LNG plant in Queensland, said revenues dropped during the quarter, driven by lower realised prices for long-term LNG and it was cutting back on coal-seam feed-gas output because of subdued demand.
Chevron Corp. expects to resume LNG production by the end of November at Train 2 of the Gorgon liquefaction and export plant it operates on Barrow Island in Western Australia, while it was pleased with the completion of its acquistion of Noble Energy and its East Mediterranean naural gas assets.
Free ReadGasum of Finland, the Nordic LNG fuel terminal network operator supplying the shipping, trucking and power sectors reported large declines in nine-month after-tax profits and revenues as it felt the full impacts of Covid-19 and the resultant economic slowdown. Gasum’s nine-month profits after taxes plunged to €1.6 million ($1.8M) from…