TechnipFMC increases earnings as orders grow for oil and gas and LNG projects to. boost the backlog
TechnipFMC, the US oil and gas and LNG project services company, reported a 24 percent increase in second-quarter revenues as profits rose along with orders and the backlog.
Australia’s left-wing government issues new natural gas exploration permits to avert crisis but piles on restrictions
Australia’s left-wing government has rowed back from starting to ban hydrocarbons and putting the nation on a path to economic and energy suicide by on July 23 deciding to issue exploration and production licences for natural gas for the East, Southeast and West coast markets.
US energy outlook for July forecasts rise in LNG exports and Henry Hub as well as Brent crude prices to 2025
The US Government forecasts increases in liquefied natural gas exports as well as higher benchmark Henry Hub natural gas prices and a rise in the Brent crude oil price in early 2025, while outlining working gas storage expectations at end of injection season.
Hurricane Beryl leads to emergency measures in Mexico and puts US Gulf Coast energy industry on watch for season
Mexico has taken hurricane protection measures through July 7 as the first major storm of the season Hurricane Beryl blew past Jamaica towards Mexico, leading to the closure of airports at Cancún and elsewhere and putting the oil and gas industry on watch in the Gulf of Mexico where most of the US LNG is produced.
Asian LNG prices edge higher as cargoes flow East and European gas values weaken on strong storage builds
The number of liquefied natural gas cargoes pointing at Asian import terminals and being delivered this week increased as prices also edged higher while European natural gas benchmark values declined as storage levels roseacross Europe.
Saudi Aramco signs second Texas LNG deal with Port Arthur project to follow up on accord with Rio Grande joint venture
Saudi Arabian Oil Company (Aramco) has signed a second US LNG accord to receive volumes from another Texas export, the Port Arthur liquefaction joint venture in Texas being developed by Sempra Infrastucture, and has followed up on a deal signed earlier in June with the Rio Grande export project in the Port of Brownsville.
Commonwealth LNG project founder Paul Varello retires and sells company to US asset management firm Kimmeridge
The founder and executive Chairman of the Commonwealth LNG project in Louisiana, Paul Varello, has announced his retirement while also selling control of his company to the New York-based Kimmeridge asset management firm.
US Everett LNG import terminal seals deals to stay open as critical facility alongside the owner’s nuclear plants
The Everett LNG import terminal near Boston, the longest-operating such facility in the United States, will remain in operation through 2030 after natural gas supply deals were signed with three New England utilities and approved by the authorities to keep the lights on in Massachusetts.
Japanese LNG imports increase again even at higher prices while more competition expected soon from nuclear
Japanese liquefied natural gas imports increased again in May even at higher prices while thermal coal deliveries dropped and nuclear plant re-starts plans continued to advance.
Bolivian pipelines unlikely to be easy fix for Argentine gas flows to Brazil as region’s LNG and LPG needs rise
Bolivia’s natural oil and gas company, Yacimientos Petrolófilos Fiscales Bolivianos (YPFB), said that when a natural gas transportation contract expires in September the Bolivians may be able to offer their pipelines to Argentina to send gas to Brazil from the Vaca Muerta shale-gas basin.
