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Wednesday, 30 August 2017
Statoil and partners, including two US majors, have found non-commercial natural gas volumes in the Korpfjell well in the Barents Sea about 420 kilometres offshore its LNG export plant at Hammerfest, the first exploration well drilled in the Norwegian section of a formerly disputed area between Norway and Russia.
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Wednesday, 30 August 2017
Argentina's national energy company, Yacimientos Petroleiferos Fiscales (YPF), said its Chief Executive Ricardo Darre had resigned for personal reasons and has been replaced by a six-man executive committee as it embarks on the development of its huge shale-gas reserves to replace LNG imports.
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Wednesday, 30 August 2017
GE Marine Solutions, the subsidiary of General Electric, and fleet owner TMS Cardiff Gas Ltd have signed a service agreement that will see GE undertaking the support and maintenance of four TMS LNG vessels.
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Wednesday, 30 August 2017
Malaysian energy company Petronas said its liquefied natural gas unit had signed a 15-year sale and purchase agreement with South Korean refiner S-Oil Corp to supply LNG to be used as fuel for S-Oil’s new plant operations and as feedstock for hydrogen production.
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Tuesday, 29 August 2017
Chinese energy major Sinopec, whose LNG assets include a stake in the Australia-Pacific LNG plant in the state of Queensland, said first-half profit attributable to shareholders was 27.09 billion yuan ($4.1Bln) compared with 19.25Bln yuan last year, an increase of just over 40 percent.
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Tuesday, 29 August 2017
LNG importer Mexico is now offering limited transparency in natural gas pricing showing that its domestic gas was at $4.10 per million British thermal units compared with $2.92 per MMBtu in the US and around $5.70 per MMBtu in Europe.
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Tuesday, 29 August 2017
The Norwegian Coastal Administration said it expected Cryo Shipping's LNG seaborne transport services in Northern Norway to have great value and awarded the company 1 million euros ($1.2M) in grants to establish a short-sea trading lane.
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Tuesday, 29 August 2017
The Corpus Christi and Freeport LNG projects in Texas suffered water damage in Hurricane Harvey while Cheniere Energy, operator of the Sabine export plant in Louisiana, was using its Dallas office for natural gas and LNG trading back-up as companies based in the Houston area expect the operational difficulties to last into next week…
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Monday, 28 August 2017
Hurricane Harvey missed the only operating US export plant at Sabine Pass on the US Gulf Coast, owned by Cheniere Energy, though it caused damage to the new export facility being built by Cheniere near Corpus Christi in Texas.
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Monday, 28 August 2017
Australian exploration and production company Far Ltd., which is in dispute with LNG producer Woodside Petroleum over a licence stake offshore Senegal, said it received confirmation of increases in equity for other West African licences it has shares in offshore Guinea-Bissau.
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