LNG operations boosts Pan Ocean’s profit
South Korea’s large diversified shipowning entity, Pan Ocean’s results have beaten market expectations in the first quarter of this year, helped by strong performance in its LNG and tanker businesses.
Lonnie steps up at Woodside
Woodside Energy has appointed Breyden Lonnie as Executive Vice President and COO Australia.
Lonnie has acted in the role since December, 2025, with responsibility for Woodside’s portfolio of operations and projects in Western Australia and the Bass Strait.
He has 24 years of industry experience encompassing a range of engineering, operations, planning and management roles in Australia and internationally.
For example, he served as Woodside’s Vice President North West Shelf from 2022 to 2025, overseeing the project’s ongoing operational and commercial success during its transition to a processor of third-party gas.
Middle East hostilities- day 63 roundup
Spiking oil prices. Yesterday, Brent peaked at $126.41 per barrel, mainly due to the June contract rolling over into July, which was up around 1% to above $111 per barrel.
Investment heavyweights eye up Shell’s LNG Canada stake
Apollo Global Management, Blackstone and KKR are vying to acquire a significant stake in the LNG Canada project from energy major Shell, according to sources talking with Reuters.
ENEOS to rejoin Petronas’ LNG Tiga project
Malaysian energy giant, PETRONAS and Japan’s ENEOS Xplora have signed definitive agreements to formalise the latter’s re-entry into Malaysia LNG Tiga (MLNG Tiga).
Spain’s Repsol and Naturgy have no Middle East commitments
Spanish energy giant, Repsol has posted adjusted net income of €873 mill for the first quarter of this year.
All change at Knutsen LNG France
Five years after incorporating Knutsen LNG France, Ludovic Gerard is stepping down from his management position to pursue new professional and personal projects.
No change in US LNGC sailing numbers
For the week ending 29th April, 35 LNGCs sailed from US export terminals, the same number as registered in the two previous weeks.
The total LNG-carrying capacity of the vessels was 133 bill cu ft, down 1 bill from the previous week, according to data supplied by Bloomberg Finance to the US Energy Information Administration (EIA).
Nine vessels departed from Sabine Pass, seven from Plaquemines, six from Corpus Christi, five from Freeport, four from Cameron, two from Calcasieu Pass, and one each from Cove Point and Elba Island.
Middle East hostilities - day 62 roundup
Oil price still heading North. Markets and energy prices reacted yesterday on news that President Trump has discussed the possibility that the US blockade of Iran could last for months.
Panama Canal arbitrage to Asia open
US arbitrage to Asia through the Panama Canal has opened, due to stronger Asian demand following the Middle East conflict.
