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Free ReadThe Chinese government said the nation had taken formally brought the pipeline and storage assets of the largest energy majors under the newly formed China Oil & Gas Pipeline Network Corp. while paying for the assets and giving the majors stakes in the company. China National Petroleum Corp. (CNPC), the…
US major ConocoPhillips has agreed to acquire additional acreage in the Montney Shale in northeast British Columbia held by Kelt Exploration (LNG) Ltd. of Calgary for C$510 million (US$380M) in cash, giving a current valuation in a prolific oil and natural gas area that was once a centre of multiple…
Free ReadAir Products, the largest US LNG and industrial gas company, said fiscal third-quarter net income declined by 9 percent to $457 million, primarily reflecting the negative impacts from Covid-19. The company also attributed the fall to a prior year gain, partially offset by pricing actions and charges as well as…
Chart Industries, the US LNG storage, fuel and liquefaction equipment-maker, had its highest orders intake of 2020 in June and for the second quarter there were record sales in LNG vehicle tanks and filling stations as it looked forward to a boost in railcar business.
Santos, the Australian liquefied natural gas shareholder in three Asia-Pacific plants, maintained solid second-quarter earnings levels as its average realised LNG price was US$8.27 per million British thermal units, less than a dollar lower than a year ago.