Free ReadTC Energy of Canada, one of the major natural gas pipelines owners and operators in North America, said it had agreed to sell its gas-fired power plants in the province of Ontario for around C$2.87 billion (US$2.18Bln) to raise cash for projects to deliver feed-gas to LNG plants under development.…
US engineering companies McDermott International and Baker Hughes-GE said they were awarded subsea contracts to provide field development services for the feed-gas needs of the Ichthys LNG export plant in the Northern Territory of Australia.
Brittany Ferries, the shipping line connecting passengers and freight in France, Spain, the UK and the Republic of Ireland has extended a liquefied natural gas fuel supply agreement with Spanish energy company Repsol as it awaits the delivery of three LNG-powered ferries.
Free ReadLithuanian LNG and oil terminal company Klaipedos Nafta said it had joined with Asian partners from South Korea and Japan in bidding in the tender process for an LNG import terminal on the Mediterranean island of Cyprus and gave more details of consortium plans. Klaipedos Nafta has operated the Lithuanian…
Woodside, the Australian LNG plant operator, said it awarded a contract to the local subsidiary of Dutch dredging and heavy-lift company Boskalis to undertake seabed intervention and excavation works for the proposed Scarborough natural gas pipeline.
McDermott International posted a more than 23 percent rise in second-quarter revenues to 2.1 billion and a small net loss as it continued to make progress on two US Gulf Coast LNG export projects, the Cameron liquefaction plant in Louisiana and Freeport facility in Texas.
Free ReadUS exports of liquefied natural gas have been growing steadily to make the nation the world’s third-largest LNG exporter, averaging 4.2 billion cubic feet per day in the first five months of the year, exceeding Malaysia’s LNG shipments of 3.6 Bcf/d during the same period. The US is expected to…
The Singapore Exchange (SGX) and Energy Market Company (EMC) are to discontinue the publication of the prices and indices for spot LNG cargoes for Southeast Asia, North Asia and Dubai, Kuwait and India.
PTTEP of Thailand, the oil and gas producer and LNG stakeholder in Mozambique and Malaysia, reported a first-half jump in net profits and in revenues amid higher prices and volumes as it advanced with a strategy of expanding its project portfolio.
Free ReadFlex LNG, the growing LNG shipping company with four vessels operating and nine others on order and whose largest shareholder is a company controlled by Norwegian magnate John Fredriksen, said it completed a sale-and-charterback transaction for two vessels. Flex completed the transaction with Hyundai Glovis Co. of South Korea, a…