Royal Dutch Shell posted a 15 percent fall in overall third-quarter earnings even as liquefied natural gas and pipeline gas earnings rose by 23 percent to almost $2.6 billion and LNG sales volumes for the year so far were more than 54 million tonnes amid gas field ramp-ups in Australia…
Origin Energy, the Australian utility and upstream supplier for the Australia-Pacific LNG export plant in Queensland, whose other shareholders are ConocoPhillips and Chinese major Sinopec, said its share of quarterly LNG sales rose by 8 percent to 828,700 tonnes from the total of 31 cargoes shipped from the facility.
Naturgy, the Spanish utility with Latin American assets and LNG volumes from the US and Russia, swung to a profit after losses last year linked to restructuring as it invested in natural gas infrastructure and renewables.
Baker Hughes Co., the energy services provider and LNG equipment supplier, said it expected an increase in liquefied natural project activity as it posted solid third-quarter results and more contract wins since regaining its independence from General Electric.
PetroChina, the Hong Kong-listed arm of China National Petroleum Corp. (CNPC), reported a drop of just over 23 percent in nine-month net profits to 37.25 billion yuan ($5.28 billion) due to a lower oil price and intensified competition in refining as it also faced revenue problems with LNG and pipeline…
French energy major Total said it continued its “dynamic strategy of growth” in natural gas with its acquisition of the Mozambique LNG stake and the launch of the Arctic LNG II project even as third-quarter net income dropped 29 percent to $2.80 billion compared with $3.95Bln a year ago on…
Tokyo Gas, the Japanese utility and importer of 14 million tonnes per annum of LNG, said fiscal half-year net sales from April to September increased by 9.4 percent as it benefited from the nations liberalization of the utility sector and from diversifying and expanding the sources of its LNG imports.
The Gladstone liquefied natural gas joint venture involving Santos of Australia, Petronas of Malaysia, Korea Gas Corp, and French major Total, plans to open up more Queensland coal-seam gas supplies to boost the long-term viability of the plant on Curtis Island.
Air Products, the US LNG equipment-maker and industrial gas company, said it was in final negotiations to form a joint venture with Saudi Aramco and Acwa Power to acquire the gasification, power and industrial gas assets at Jazan Economic City, representing a total investment value of about $11.5 billion.
Petronet LNG, the largest importer of cargoes in India from nations like Qatar and Nigeria, posted a 13 percent fall in third-quarter revenues as net profits jumped while the company was considering taking an equity stake in a US export plant in Louisiana.