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Free ReadArgentina purchased 28 liquefied natural gas cargoes for the Southern Hemisphere winter at average prices of $2.87 million British thermal units as natural gas production fell in the first half of 2020 amid long-term plans to start its own LNG exports from the Vaca Muerta Shale. Argentina’s state-owned Integración Energética…
One of the ironies of Japan’s energy policy is that the Kyoto Protocol signed in the Japanese city in 1997 underpins global climate-change measures while the nation itself is still proving reluctant 23 years later to wean itself off coal, the main competitor to LNG for power generation.
Oil Search, the Australian-listed company with LNG stakes in Papua New Guinea and oil assets in Alaska, posted a drop in second-quarter revenues and plans to reduce the global workforce by about one third by year-end to traverse the current industry challenges.
Australian LNG plant operator Santos expects to recognise a non-cash impairment charge in the range of US$700-US$800 million before tax, most of it attached to LNG, due to the revised oil price and the effects of Covid-19 and energy market demand fundamentals.
Free ReadAustralian company Cooper Energy and Japanese trading house and LNG buyer, the Mitsui Group, said they planned to invest in buying and upgrading the idle Minerva Gas Plant in the state of Victoria to boost offshore natural gas supplies in southeast Australia. Copper said both companies would make a joint…
Chevron Corp., the US major and operator of two world-class LNG export plants in Western Australia, has agreed to acquire Houston-based Noble Energy and its assets in US shale basins and the East Mediterranean, including the Leviathan and Tamar gas fields offshore Israel.