Origin Energy, a shareholder in the Australia-Pacific LNG plant in Queensland with ConocoPhillips and China’s Sinopec, said the first review of the Chinese company’s long-term cargo contract was held and prices were left unchanged.
China Petroleum and Chemical Corp., or Sinopec, the largest Chinese owner of oil refiners and which has been seeking to increase US LNG volumes to match its Australian supplies, reported a heavy first-quarter loss.
Free ReadPetroChina, the Hong Kong-listed arm of China National Petroleum Corp. and with LNG project stakes in Mozambique and Canada, has swung to a first-quarter loss because of the effects of the coronavirus and as its own oil and natural gas output increased in a low-demand period. The state-controlled Chinese major…
The Rio Grande LNG export project being built by NextDecade Corp. on a 980-acre site in the Port of Brownsville in Texas has extended the validity dates to July 2020 for its fixed-price engineering contracts with Bechtel Inc. for the first three liquefaction Trains.
Tellurian Inc., the developer of the US Driftwood project near Lake Chares, has raised some additional institutional investor funds to give it more time to secure offtake deals such as one proposed with Indian company Petronet LNG.
Free ReadCosco Shipping Energy Transportation Co., China’s largest LNG shipping business and the world’s biggest operator of oil tankers, has outlined its future strategy and its fleet management efforts. That’s as Cosco reported total annual revenues from operations of 13.72 billion Chinese yuan ($1.92Bln), a year-on-year increase of 13.4 percent. Its…
Iran claims it is on track for natural gas production of 1 billion cubic metres per day by March 2021 from the current 810 million cubic metres per day, helped by its output from the giant South Pars field in its portion of the Persian Gulf divided up with LNG…
Oil prices dropped again as concerns grew about limited capacity to store crude and other products, while LNG and spot natural gas prices were weak on continued over-supply on expectations of a slow global economic recovery.
The US Calcasieu Pass liquefied natural gas export plant being developed in Louisiana by Venture Global has reached a construction landmark by having the roof raised on the first LNG storage tank.
Free ReadSamsung Heavy Industries, the third-largest South Korean shipbuilder, posted a widening of net losses in the first quarter of 2020, while reporting that the floating LNG production vessel for the Coral project offshore Mozambique was now half completed. The company also report steady order book progress with three received in…