Chevron says Mike Wirth to stay as CEO as Permian Basin output hits record and solid LNG performance expected
Chevron Corp., the oil and gas major and leading LNG producer, said the mandatory retirement age for President and Chief Executive Mike Wirth had been waived by the company and he would be staying on as Chevron also provided a preview of likely second-quarter earnings.
Baker Hughes orders grow and sees multi-year investments in LNG projects despite economic challenges
Baker Hughes, the US liquefied natural gas equipment-maker and energy services company, said in reporting third-quarter earnings that even amid economic challenges the outlook for oil, gas and LNG was supportive of a multi-year upturn in spending.
French designer of LNG storage tanks GTT reports record orders and explains latest status of Russian work
Gaztransport and Technigaz (GTT), the French designer of LNG storage tanks for ships and for onshore, posted lower first-half revenues and income from technology licensing but received record orders for LNG carrier membrane tanks and many for Qatari vessels.
Origin Energy reports soaring revenues from Australia-Pacific LNG to offset subdued domestic utilities
Origin Energy, the Australian natural gas and utility business and holder of a one-third share in the Australia-Pacific LNG plant in Queensland, saw annual commodities revenues jump 80 percent as the facility shipped its 700th cargo to North Asia in January 2022.
TotalEnergies benefits from increasing LNG sales to boost third-quarter net income and overall cash flow
TotalEnergies of France said it benefited from a leading position in liquefied natural gas to generate $4.8 billion in adjusted third-quarter net income versus $848 million in the 2020 quarter while cash flow amounted to $8.4Bln.
GasLog Partners increases quarterly profits and cuts debts as LNG demand and charter rates rise
GasLog Partners, the Greek LNG shipping company with a fleet of 15 vessels, reported a third-quarter increase in revenues and profits as global demand gathered pace.
Woodside Acting CEO O’Neill says record spot LNG prices achieved as revenues stay above US$1Bln
Woodside Petroleum Acting Chief Executive Meg O’Neill said liquefied natural gas sales revenue in the first quarter of 2021 jumped 22 percent versus the end of 2020 and the Western Australian liquefaction plants operator achieved record spot LNG cargo prices.
Qatar Gas Transport Co. posts revenues of over US$1Bln amid high activity and acquisitions
Qatar Gas Transport Co., the Gulf nation’s shipping company, posted annual revenues of over US$1 billion as it acquired several more ships for the Gulf LNG exporting nation.
Flex LNG reports favourable shipping market in second half amid lower natural gas prices
Flex LNG, the growing shipping company with six vessels operating and seven others on order and whose largest shareholder is Norwegian magnate John Fredriksen, reported favourable market conditions in the second half of 2019 even in the face of lower natural gas prices.
French major Total sees LNG volumes soar but lower prices reduce earnings from expansion
French energy major Total said it continued its “dynamic strategy of growth” in natural gas with its acquisition of the Mozambique LNG stake and the launch of the Arctic LNG II project even as third-quarter net income dropped 29 percent to $2.80 billion compared with $3.95Bln a year ago on lower prices.
