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Oil prices plunged over the weekend with their biggest fall in almost 30 years as the world’s largest exporter Saudi Arabia decided to slash prices and North Sea Brent crude hit $33.56 a barrel, a more than 32 percent drop since Friday when it was at $49.32 per barrel.
The Rio Grande LNG export plant proposed for a 984-acre site in the Port of Brownsville in Texas has been issued with a notice to proceed by regulators with the implementation plan and site preparation as well as equipment mobilization.
Free ReadGasum, the Nordic LNG distributor owned by the state of Finland, said it continued to develop as a company over the past year marked by parliamentary elections in Finland and the European Union where climate change and the energy sector were at the centre of debate. “The importance of biogas…
Alaska Gasline Development Corp., the lead developers of the Alaska liquefied natural gas export project, said regulators had published the final environmental impact statement for the venture to monetize North Slope gas and ship it to Asia as LNG.
The Freeport LNG export plant on Quintana Island in Texas was given permission by the Federal Energy Regulatory Commission to brings a second loading jetty into service to meet increasing cargo numbers.
Free ReadInpex Corp., the developer of the Abadi onshore liquefaction and export plant in Indonesia, has awarded the Netherlands-based geo-data company Fugro a large marine survey contract to conduct geophysical and geotechnical surveys for the project. Inpex is building the plant on Yamdena Island in a joint venture with Royal Dutch…
Royal Dutch Shell is flogging what it calls “carbon neutral” LNG cargoes and has traded three so far to boost its green corporate credentials and those of the buyer as energy majors and other companies seek to prevent any negative impacts from environmentally activist shareholders.
First Gen Corp. of the Philippines plans fast-track the LNG and power hub near Batangas City with the interim use of a floating storage and regasification unit to be able to receive LNG as early as the third quarter of 2022 and guarantee energy security for the capital Manila.