Italian grid and LNG terminals operator SNAM gives 2024 outlook, Ravenna FSRU update and market overview
SNAM, the Italian gas grid operator and liquefied natural gas import terminals owner, outlined a 2024 financial outlook in its annual report just published with the next goal being the deployment of a floating storage and regasification unit (FSRU) at the Italian Adriatic port of Ravenna.
US majors ExxonMobil and Chevron return second-best performances in 10 years boosted by Permian and LNG
US majors ExxonMobil Corp. and Chevron Corp. recorded their second-largest annual profits in 10 years as oil and natural gas production increased and Chevron shipped record LNG cargoes from Australia even amid work stoppages.
Italy's LNG terminal and grid operator SNAM buys second FSRU ‘BW Singapore’ to boost import capacity
Italian LNG terminal and gas grid operator SNAM has agreed to buy a second floating storage and regasification unit (FSRU) from BW LNG of Singapore after purchasing a first FSRU from Norwegian fleet owner Golar LNG.
Mubadala Petroleum of UAE sets output records as natural gas and LNG feed-gas strategy begins to pay off
Mubadala Petroleum, the international energy company based in Abu Dhabi in the United Arab Emirates and with natural gas assets in the Eastern Mediterranean and LNG feed-gas resources in Malaysia, has reported a surge in annual production.
Union for the Mediterranean energy meeting is underway with gathering of LNG importers and exporters
The third ministerial meeting of energy ministers is taking place of the 42-nation Union for the Mediterranean (UfM) and what is the biggest regional gathering of natural gas and LNG importers, exporters and developers.
TechnipFMC award
Feb 24 (LNGJ) - TechnipFMC has received a letter of award from Energean Israel for the development of the Karish North field, located offshore Israel in the revived East Mediterranean LNG and natural gas hub. TechnipFMC said it would design, manufacture, deliver and install subsea equipment including the subsea production system, rigid flowlines and umbilicals as a tieback to the “Energean Power” floating production storage and offloading (FPSO) unit as well as a second gas export riser. The Karish field is the third-largest natural gas field in Israeli waters after the Leviathan and Tamar fields.
Noble Energy shareholders approve Chevron takeover of East Med gas, African LNG and US assets firm
Noble Energy shareholders voted to approve the sale of the owner of East Mediterranean and Equatorial Guinea natural gas assets with LNG possibilities to US major Chevron for about $4.2 billion in shares.
Israeli East Med Leviathan gas field comes on stream to supply Egypt and with FLNG option
Delek Group of Israel and US company Noble Energy said that they had brought on stream the Leviathan natural gas field in the Eastern Mediterranean to supply Egypt and Jordan and with a floating LNG project under consideration.
Delek of Israel with East Med and LNG plans completes $2Bln deal for UK North Sea assets
Delek Group of Israel, the company with stakes in the huge Leviathan field in the Eastern Mediterranean set to come on stream to supply Egypt and regional buyers and with LNG output plans, said its Ithaca Energy subsidiary completed the purchase of the UK North Sea oil and natural gas assets from Chevron Corp. for around $2 billion.
Delek of Israel and Noble of US acquire stake in East Med gas pipeline to supply Egyptians
Delek Group of Israel and Noble Energy of the US have completed their acquisition of a stake and reverse capacity on the East Mediterranean Gas (EMG) pipeline from Arish in Egypt’s Sinai Peninsula to Askelon in Israel as part of an agreement to supply Dolphinus Holdings of Egypt from the Israeli Leviathan natural gas field.
