Free ReadSingapore LNG spot cargo indices began moving higher in the past week and into the second half of July with North Asia shipments leading the way. The Singapore average index for June increased to US$5.221 per MMBtu from last week’s June average of US$5.035 per MMBtu. Singapore’s latest LNG indices…
Tellurian Inc. has received the US Department of Energy long-term authorization for its Driftwood LNG project to export domestically-produced liquefied natural gas from its proposed export facility near Lake Charles to non-free trade agreement countries.
German energy companies Wintershall Holding and Deutsche Erdoel AG (DEA) have completed their merger and the newly titled Wintershall Dea is now the leading independent gas and oil company in Europe with an initial public offering (IPO) of shares planned for 2020.
Free ReadThe Northern Territory Government in Australia has completed scientific inquiries about hydraulic fracturing for shale gas and has put in place a regulatory regime for exploration, opening a new phase of energy activities in the nation that has become the world No. 1 LNG exporter. One of the companies at…
Royal Dutch Shell reported 6 percent lower liquefied natural gas volume sales in the first quarter, though profits jumped 17 percent in the Integrated Gas Division because of higher prices and earnings from trading.
The Gulf kingdom Bahrain, set to start LNG imports soon, has signed an exploration and production sharing agreement with Eni, the Italian energy company with a recent record of huge natural gas discoveries offshore Egypt and Mozambique.
Free ReadPavilion Energy, the Singaporean company owned by the city-state wealth fund Temasek, has performed the first commercial ship-to-ship liquefied natural gas bunkering operation in the Port of Singapore as part of efforts to create an Asian LNG Hub. The operation comprised a reload of 2,000 cubic metres capacity of fuel…
Naturgy 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, reported lower sales and margins in the short-term LNG market offset by strong long-term sales growth.
Bangladesh has started up its second liquefied natural gas import facility deployment offshore the port of Cox’s Bazar and the floating storage and regasification unit, the “Summit LNG”, has already sent gas into the Asian nation’s network.
Baker Hughes-GE, the energy services company and LNG equipment supplier, reported sluggish first-quarter earnings even as it logged two important turbomachinery contracts for projects in West Africa and the US Gulf Coast.