Free ReadSingapore LNG spot cargo indices began moving to levels above the $5.500 per million British thermal units mark as July quotations made an appearance for North Asia just below US$5.800. The Singapore average index for June was at US$5.203 per MMBtu, rising from last week’s May average of US$4.876 per…
Chart Industries, the US liquefied natural gas equipment-maker and supplier to the liquid gas sector, said it would be ramping up manufacturing to meet new LNG project orders on the Gulf Coast and in Asia, while more business is expected in trucking and rail transportation of the fuel.
US pipeline company Kinder Morgan and its equity fund partners have made more regulatory progress in their development of the Gulf LNG export project proposed at the site of the existing import terminal at Pascagoula in Mississippi.
Free ReadWoodside Petroleum, operator of two LNG plants in Western Australia and a shareholder in a third facility, posted a 4.4 percent increase in first-quarter sales revenue of US$1.22 billion as higher prices made up for lower volumes caused by cyclone disruptions. Woodside’s quarterly share of one-sixth of production at the…
Fluor Corp. of the US and its joint venture partner, China Offshore Oil Engineering Corp., have completed two offshore platforms for the nation’s huge Dongfang Gas Fields Development project aimed at meeting rising domestic demand for gas and partly offsetting LNG and pipeline import requirements.
US engineering company Black and Veatch has received notice to proceed with providing the topsides for its third floating LNG production venture, the conversion in Singapore of a conventional LNG carrier for BP of the UK.
Toshiba Corp. of Japan said it had decided to cancel a plan to dispose of its US LNG business, including volumes from the Freeport liquefaction and export plant being constructed in Texas, to the Chinese ENN group and to relaunch the bidding process.
Free ReadThe East Mediterranean is becoming a growing centre for natural gas as the Egyptian LNG export market revives and plans are considered for floating liquefaction projects offshore Cyprus and Israel, while a further significant discovery has been made by a London-listed exploration and production company. Noble Energy and the Delek…
ExxonMobil and LNG business partner Qatar Petroleum won three exploration blocks offshore Tierra del Fuego at the southern tip of South America during Argentina’s first bid round, adding to their onshore acreage in the world-class onshore Vaca Muerta shale basin.
Gaztransport and Technigaz (GTT), the French engineering and technology company specializing in the design of membrane containment systems for shipping, said its main business activity was at an all-time high for conventional LNG carriers amid growing orders also from the fuel and bunkering sector.