The Singapore LNG cargo index for April averaged US$8.214 per million British thermal units compared with over US$9.500 in the first half of March as demand receded from winter highs in Japan, China and South Korea.
Sempra Energy, the owner of LNG facilities in Louisiana and Mexico, said the Public Utility Commission of Texas had approved an order authorizing the joint change-in-control application filed by Oncor Electric Delivery Co to be taken over by Sempra.
Shipyard Constructions Hoogezand Nieuwbouw BV, a Dutch shipyard that built one of the first LNG-powered vessels in Europe, has been declared bankrupt by a court in Friesland in the north of the Netherlands.
Devon Energy Corp. said it had agreed to sell a portion of its Barnett Shale position in North Texas for $553 million with a transaction expected to close in the second quarter.
Gaztransport and Technigaz (GTT), the French LNG maritime storage tank and technology supplier, said it had successfully ended the test phase for a compact and small-scale solution that can be installed in a ship's structure.
Stabilis Energy, the US liquefied natural gas producer and supplier, said it had completed the acquisition of a majority interest in Prometheus Energy, a small-scale US LNG distributor.
Ophir Energy Chief Executive Nick Cooper expressed regret that the UK exploration and production company had been unable to meet its schedule for a final investment decision on the Fortuna floating LNG project planned for offshore the West African state of Equatorial Guinea.
Flex LNG, the Oslo-listed shipping and projects company backed by funds controlled by Norwegian shipping magnate John Fredricksen, said Chief Executive Jonathan Cook has bought a new parcel of shares.
As US LNG exports gather pace over the next year, the US government said the nation’s dry natural gas production will average 81.7 billion cubic feet per day, establishing a new high and that level would be 8.1 Bcf/d higher than in 2017 and the highest annual average growth on…
Tamrotor Marine Compressors (TMC), the Norway-based equipment supplier, has signed a contract with Samsung Heavy Industries to supply a marine compressed air system to four LNG-powered shuttle tankers the shipbuilder is constructing for Teekay Offshore.