Free ReadRoyal Dutch Shell has sold its shale-gas assets in the Appalachian Basin of Pennsylvania for $541 million as it moved to reorganize its global business as it prepares for the recovery from the oil price slump. Shell said it reached an agreement with the New York Stock Exchange-listed US energy…
Oil prices rebounded with the North Sea Brent crude price rising for a sixth day to over $28 per barrel as the US front-month natural price increased 7.5 percent from the previous day, while LNG prices for Europe and the Asian spot market were still at historic lows.
Tellurian Chief Executive Meg Gentle said the Houston company is lean, resolved and focused on delivering the Driftwood LNG export project near Lake Charles in Louisiana.
The Australian-listed developer of the US Magnolia LNG plant in Louisiana with an export accord to supply cargoes for Vietnam has run out of money and time after a takeover by a private firm from Singapore fell through, along with short-term financing arrangements.
Delek Group, the Israeli company with key East Mediterranean natural gas assets, said the Leviathan gas field offshore Israel was regularly producing high volumes for export to Egypt and Jordan and planned to boost the flow amid regional advances in LNG projects.
Free ReadThe LNG Marine Fuel Institute formed in Australia to help improve access to bunkering has praised the first move by the Pilbara Port Authority in Western Australia to issue a ship-to-ship LNG bunkering licences to plant operator Woodside. LNG MFI Chief Executive Margot Matthews said Pilbara Port and Woodside had…
ExxonMobil Chairman and Chief Executive Darren W. Woods said the US major was still committed to its Mozambique liquefied natural gas project as well as to other ventures amid further delays, while cutting back immediately in US Permian Basin production.
TC Energy will close the sale of a majority stake in the Coastal GasLink Pipeline to two equity funds by June and will also offer 20 Canadian First Nations a 10 percent share of the project to bring feed-gas for LNG processing on the Pacific Coast of British Columbia.
Oil Search, the Australian-listed company with a stake in the Papua New LNG export plant and its expansion project, said there had been no disruption of operations during the coronavirus crisis, while it has helped in the fight against the pandemic in PNG and Alaska.
Free ReadIntercontinental Exchange Inc., the US-based operator of regulated trading platforms for commodity and financial markets, reported multiple records in oil and natural gas futures trading as well as in its corporate earnings, giving it the “strongest quarter in the company’s history.” ICE reported record revenues as daily volumes trading in…