Air Products, the US maker of LNG processing equipment and a leading industrial gases provider and plant developer, reported a 13.4 percent rise in fiscal quarterly net income from continuing operations as sales declined 2 percent from a high base to $2.2 billion.
Free ReadFrench energy major Total said second-quarter adjusted net income dropped 19 percent to $2.88 billion from $3.55Bln in the same three months of 2018 in results offset by a more than doubling of liquefied natural gas sales and the acquisition of Mozambique LNG assets from Occidental Petroleum. Total said second-quarter…
Chinese liquefied natural gas imports for June increased by 14.9 percent and the shipments for the first half put the country on track for another year of record regasification volumes.
TechnipFMC, the Franco-US energy engineering company, signalled a resurgence in energy investment as it posted healthy second-quarter earnings amid a year-on-year increase in orders for LNG ventures in nations such as the US, Mozambique and Russia as revenues also jumped.
Free ReadFrench energy major Total plans to develop liquefied natural gas imports in the tiny West African nation of Benin, whose neighbour Nigeria is the world’s fifth-largest LNG exporter. Total said it signed a Gas Supply Agreement and the Host Government Agreement for the development of a floating LNG import facility…
Air Products of the US, the maker of LNG processing equipment and a leading industrial gases provider and plant developer, has completed the buyback of two air separation units from China’s Shanxi Jinmei Huayu Coal Chemical Co.
Vietnam has logged another natural gas discovery in the offshore Song Hong Basin in a prospect explored by Italian energy company Eni and Essar Oil of India as the Vietnamese also advance with two LNG import projects.
Free ReadNaturgy Energy Group, the Spanish utility with major US and Russian liquefied natural gas supply contracts as well as gas and power businesses in six Latin American countries, returned to a net profit in the first half of 2019 from a heavy loss in the year-ago period. Naturgy posted a…
While the Strait of Hormuz is highlighted as the Gulf energy chokepoint because of Iranian interference with tanker traffic and its threats against ships, the US government said that other strategic areas for LNG and oil flows are the Suez Canal and the Sumed pipeline from the Red Sea to…
US Federal Energy Regulatory Commission Chairman Neil Chatterjee said the agency is creating a new division in its Office of Energy Projects to accommodate the growing number and complexity of applications to site, build and operate LNG export plants.