Technip Energies and Baker Hughes sign accord to study joint offering of modular mid-scale LNG plants
Technip Energies, one of the leading LNG project engineering companies, has signed an accord with US energy services company Baker Hughes to cooperate on developing mid-scale and modular onshore liquefaction plants.
New Fortress Energy swings to profit from prior-year loss as US and African LNG ventures add to power portfolio
New Fortress Energy Inc., the expanding LNG terminals, production development and shipping and power assets holder, reported first-quarter net income of $241.2 million versus a loss of $39.5M in the prior-year quarter.
US LNG distribution companies in South Dakota and Nebraska merge amid fuel sector expansion
Coaxis Energy Company of South Dakota has acquired the liquefied natural gas assets and interests of Kalm Energy, an LNG and compressed natural gas sales and service provider from Nebraska, as the fuel sector expands in North America.
US LNG equipment-maker Air Products reports rise in fiscal full-year profits amid major LNG contract wins
US LNG equipment-maker and provider Air Products posted a rise of 7 percent in fiscal full-year net income to $1.93 billion as it was awarded three major LNG contracts for plants in Mozambique in southeast Africa, Qatar and Algeria.
LNG contractor McDermott eases concerns as bankruptcy court approves Lummus sale
McDermott International, the US LNG and energy engineering company, is set to emerge from Chapter 11 bankruptcy protection after the US Bankruptcy Court for the Southern District of Texas approved the sale of its Lummus Technology business to New York equity funds.
Chart Industries of US is given boost by global demand for LNG equipment as investment rises
Chart Industries, the maker of equipment for the liquefied natural gas and industrial gas industries, posted a surge in revenues as it benefited from orders across all sectors from large liquefaction plants to small-scale LNG while benefiting from contributions from its acquisitions.
ExxonMobil-MHI LNG pact
April 11 (LNGJ) - Japanese engineering company Mitsubishi Heavy Industries said it planned to cooperate with US major ExxonMobil Corp. to develop and explore new applications for gas turbines and compressor technologies aimed at reducing liquefied natural gas unit costs. MHI and ExxonMobil aim to “reduce the complexity” of LNG processing plants, lower lifecycle costs and cut plant emissions. “ExxonMobil is widely recognized as an industry leader in terms of project execution and efficiency,” said MHI President Shunichi Miyanaga. “Collaboration with ExxonMobil will offer us the benefit of the company's technical expertise, insights and experience in LNG projects,” Miyanaga added.
