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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.
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.
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…
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…