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Tokyo Gas, the Japanese utility and energy company with a liquefied  natural gas portfolio of 14 million tonnes per annum and a fleet of 10 ships and four import terminals, has launched a new company brand in Japan and is planning to launch a separate LNG trading division to boost…
Free ReadPetroleos Mexicanos (Pemex), the Mexican oil and gas producer, appears to have nothing left in its locker to cope with the current global crisis and may have to call on US credit lines for its pipeline natural gas and LNG imports after its corporate and state ratings were reduced. The…
Heerema Group, the Dutch marine offshore contractor and owner of the biggest and strongest semi-submersible crane ever built, the “Sleipnir”, said the vessel has received the world’s largest ever LNG bunkering load in the Port of Rotterdam.
The Australian-listed developer of the US Magnolia export plant in Louisiana with an agreement to supply cargoes to Vietnam said a takeover bid by a Singapore-based private company has been pushed back to mid-April, while its own temporary financing is not now forthcoming from a US equity and capital fund.
Exmar, the Belgian shipping and projects company with more than 40 vessels in its fleet and now mostly focused on the liquefied petroleum gas business and LNG shipment management, said the Bank of China had finally released financing for the “Tango FLNG” production barge deployed in Argentina while the vessel…
Free ReadWoodside Petroleum, the Western Australia operator of the North West Shelf and Pluto LNG plants, said it was keeping up production levels as demand has remained strong in its core north Asian market and its trading team has started trading spot shipments with Chinese buyers. The Perth-based company said its…
PetroChina, the Hong Kong-listed affiliate of state-owned China National Petroleum Corp., recorded a 6 percent increase in annual revenues to 2,520 billion Chinese yuan ($350.8Bln) but net profits fell 14 percent and it disclosed plans to renegotiate some natural gas supply contracts to improve profitability.