In this issue

 

CB&I, the US energy and liquefied natural gas engineering company, reported a 77 percent drop in first-quarter net income and revenue also fell, though the company sensed a rebound in…
Crowley Maritime Corp. said its liquefied natural gas services group has been awarded a multi-year contract to supply additional volumes of containerized LNG shipped from Florida to pharmaceutical manufacturing plants…
Our North American editor in New York Japanese utility and LNG importer Tokyo Gas has completed a transaction to take a strategic equity investment in a US company with natural…
Australian engineering and construction company Monadelphous said it was awarded the long-term offshore maintenance services contract for the Ichthys LNG project being developed by Japanese energy company Inpex near Darwin…
Our Asia-Pacific editor Malaysian energy company Petronas said it expected to proceed with a second floating liquefied natural gas project involving a US company after the successful start-up of “PFLNG…
Our North America editor in New York Tellurian Inc. reported a net loss of $141 million in the first-quarter of 2017 as it followed its game plan to develop the…
US natural gas production is expected to rise to an average of 74.1 billion cubic feet per day for 2017 and to surge even higher in 2018 as benchmark prices…
Anadarko Petroleum Corp., the US company with plans to develop LNG projects in the southeast African nation of Mozambique, has made executive changes to its US and international operations team…
Our Asian editor Petronet LNG of India, operator of the Dahej import terminal near Mumbai, almost doubled net profits for the fourth quarter of fiscal 2017 in line with the…
Woodside Petroleum Chief Executive Peter Coleman said global liquefied natural gas market conditions are pushing the company towards using its Browse Basin resources offshore Western Australia to double the life…
Our Europe editor Golar LNG, the Norwegian fleet owner and project developer, has signed agreements for conversion of the 126,000 cubic metres capacity carrier “Gandria” to a floating liquefaction facility…
Agreement aligns all parties throughout the project value chain from upstream to marketing Our Europe editor Ophir Energy of the UK, the licence holder for the Fortuna floating LNG project in…
Our Europe editor Royal Dutch Shell sold 3.2 percent more liquefied natural gas in the first quarter, helped by higher output from the Gorgon LNG plant in Western Australia as…
UK major BP announced improvements in its Trinidad LNG production assets and advances in its joint venture plans offshore Mauritania and Senegal in West Africa to develop floating liquefaction projects. 

News Nudges

Santos profits up

Santos, the Australian operator of the Gladstone LNG plant in Queensland and the Darwin facility in the Northern Territory as well as being a shareholder in Papua New Guinea LNG, reported second-quarter and first-half sales revenue of US$1.87 billion and US$3.76Bln respectively. Revenue from LNG sales alone in the second quarter came to US$1.07Bln. Santos said its average realised LNG price in the quarter was US$14.66 per million British thermal units versus US$7.52 per MMBtu in the prior-year quarter.


Baker Hughes boosted

Baker Hughes posted second-quarter operating loss of $25 million compared with a profit of $194M in the prior-year period. However, the company led by Chairman and Chief Executive Lorenzo Simonelli recorded strong orders from its Turbomachinery and Process Solutions (TPS) division as the LNG order cycle continued to unfold. “TPS secured a major contract from Bechtel to provide seven mid-scale LNG trains to support the Stage 3 expansion project of Cheniere’s Corpus Christi Liquefaction facility,” said the company. “Also in LNG, TPS continued to support New Fortress Energy’s (NFE) ‘Fast LNG’ facilities project with a contract for two main refrigerant turbo-compressor strings in offshore.


Quintero LNG deal

Fluxys, the Belgian utility company and grid and Zeebrugge LNG terminal owner, has completed its acquisition with EIG Global Energy Partners of 80 percent of the shares in the Quintero LNG import terminal in Chile from Spanish grid and terminals operator Enagás and OMERS Infrastructure, the Toronto-based Canadian fund.