Royal Dutch Shell said all conditions had been met for its final investment decision (FID) on a new LNG processing unit at Nigeria LNG, a project known as the Train 7 expansion.
China has temporarily become the biggest buyer of Australian LNG as 40 cargoes were delivered last month, overtaking previous top destination Japan.
The London-based Baltic Exchange has added quarterly assessments (GOPEX) on the cost of operating liquefied natural gas carriers and and liquefied petroleum gas tankers to its growing suite of shipping investor tools.
Free ReadThe Ministry of Petroleum and Mineral Resources of the Federal Republic of Somalia has launched the former war-torn nation’s first offshore licensing round on a coast where in the territorial waters of countries further south large natural gas finds have been made with LNG export projects planned. Due to the…
KBR, the US engineering company with a strong energy and LNG presence, has been awarded a master service agreement and feasibility study by Japanese resources company JX Nippon Oil & Gas Exploration Corp.
Sembcorp Marine, the Singapore shipbuilding and repair yard owner, said its business has been substantially affected by Covid-19 slowing work on ships and platforms, including at yards building LNG vessels for bunkering, imports and floating power projects, while the oil price slump has hit orders.
Free ReadThe US Government forecasts that the nation’s liquefied natural gas exports will decline by around 17 percent as 2020 progresses, while overall natural gas output will also drop and nationwide storage will be at record levels by November. LNG exports are expected to decline from an average 5.8 billion cubic…
GRTgaz, the French natural gas network operator and owner of LNG import terminals, has issued a report on gas flows and imports and exports during the Covid-19 crisis and the evolution of consumption and demand as gas-fired power stations begin to restart.
The Saudi Arabian Oil Co (Saudi Aramco), the biggest crude oil production company and partly responsible for swamping the globe with oil supplies amid a demand plunge, reported a 25 percent drop in first-quarter net income to $16.7 billion from $22.21Bln in the prior-year quarter.
The Japanese oil, gas and LNG company Inpex, operator of the Ichthys LNG plant in northern Australia and developer of the Abadi LNG project in Indonesia, expects consolidated six-month operating income to June 2020 to drop by over 48 percent and plans to take out government loans.