economics
U.S. natural gas pipeline accidents pose big, unreported climate threat
Accidental pipeline leaks – caused by things like punctures, corrosion, severe weather and faulty equipment - happen routinely and are a climate menace that is not currently counted in the official U.S. tally of greenhouse gas emissions, according to an examination of public data and regulatory documents.
Asian spot LNG prices inch up on emerging Chinese demand
Asian spot LNG prices inched up this week as temperatures below seasonal normal levels in China pushed buyers back into the market, especially as prices had recently fallen below that of some oil-linked contracts.
India's Hydrogen Ambitions: Powering the Future with Green Fuel
India has launched the ambitious National Green Hydrogen Mission in January 2023, aiming to become a global leader in the production, utilization, and export of this clean fuel.
AG&P LNG acquires 49% stake in Vietnam's Cai Mep LNG terminal
Singapore-based Atlantic, Gulf and Pacific LNG, a unit of U.S. investment and development firm Nebula Energy, has acquired a 49% stake in Vietnam's Cai Mep LNG terminal.
Europe's mild winter leaves gas stocks at record high
Europe is on track to end the winter with a record volume of gas in storage, which has pushed futures prices back to pre-crisis levels once inflation is taken into account.
Germany could start refilling gas storage caverns from mid-March
Germany may be able to start filling gas storage facilities ahead of the 2024-25 winter as early as next week, operators group INES said, a task made easier as high levels of gas remain from the heating season that ends this month.
Mexico's Pemex, Carlos Slim team met to discuss deepwater gas project
Mexican state energy company Pemex and billionaire investor Carlos Slim's team are discussing ways to revive development of the country's first deepwater natural gas field that was shelved twice before.
U.S. natural gas prices little changed ahead of federal storage report
U.S. natural gas futures were little changed as the market waited for direction from a federal report expected to show a much smaller-than-usual storage withdrawal last week when warmer-than-normal weather kept heating demand low.
Netherlands won't permit gas drilling in sensitive Wadden Sea, government says
The Netherlands will not permit companies to drill for gas in the Dutch part of the protected Wadden Sea, the Dutch government said, in a move that will block planned exploration by Shell and ExxonMobil joint venture NAM.
Saudi Aramco, UAE's ADNOC in talks to invest in U.S. LNG projects
Gulf oil giants Saudi Aramco and Abu Dhabi National Oil Company are in talks to invest in U.S. LNG projects, as they step up competition with oil majors and regional rival Qatar in the booming super-chilled gas market.
India sees $4.95-B investment for natural gas network in northeast Kashmir
India expects investment of about $4.95 B from companies to build natural gas pipeline infrastructure in its northeastern states and northern federal territories of Kashmir and Ladakh.
Vitol close to buying Exxon, QatarEnergy stakes in Italy LNG terminal
Vitol-backed energy storage company VTTI is close to acquiring a majority stake in Italy's biggest LNG import terminal from Exxon Mobil, opens new tab and QatarEnergy.
Jupiter Ionics raises $9-MM to progress their electrochemical green ammonia technology
A greener way to feed the world is one step closer with Jupiter Ionics’ $9 million capital raise to progress their electrochemical green ammonia technology.
Copenhagen Infrastructure Partners announces investments and agreements with LOTTE Chemical Corporation
The memorandum of understanding between CIP and LOTTE is intended to support collaboration on clean ammonia projects.
NextChem expands its low carbon portfolio with the acquisition of Gascontec, gaining innovative patents in hydrogen, ammonia, and methanol
MAIRE announced that NEXTCHEM has signed a binding agreement to acquire 100% of GasConTec Gmbh, an innovative company specialized in technology development and process engineering founded in 2017 and based in Bad Homburg, Germany.
bp awards Kent a five-year global commissioning framework agreement
Kent, a global integrated energy services company, announced that it has been awarded a five-year global commissioning framework agreement by bp.
Iran to reach 1.3 Bcm of gas output a day in five years, minister says
Iran's gas output will reach 1.3 Bcm per day in five years, Iran's Oil Minister Javad Owji said, up from 1.07 Bcm per day currently.
Philippines' top energy firms partner for $3.3-B LNG facility
Three top Philippine energy firms have partnered for the first time to form a large-scale integrated LNG facility, the companies said, in a deal two of them valued at $3.3 B.
U.S. natural gas producers cut spending, output to cope with low prices
U.S. natural gas producers are curbing their output and spending on drilling activity as an oversupplied market has brought the prices of the commodity down to multi-decade lows.
LNG developer Tellurian to not extend CEO's employment term
LNG developer Tellurian said it would not renew or extend the employment term of CEO Octavio Simoes beyond June 5, and aims to sell its upstream business as it no longer sees it "a core strategic need"
Low U.S. natural gas prices to dampen prospects for Tellurian asset sale
Low U.S. natural gas prices will hurt Tellurian Inc's ability to sell Louisiana gas producing properties in order to pay off enough debt to salvage its LNG project.
U.S. LNG exports fall in February on outage and fewer calendar days
A month-long closure at Freeport LNG plant in Texas (U.S.) and fewer days in the month pushed February U.S. LNG exports 7% lower than in January.
CycleØ acquires Biogasclean to increase fully circular green gas production
CycleØ Group Limited announced its acquisition of Biogasclean, a Danish supplier of biological methanation and desulphurization systems.
EU's Russian gas exit should be written into law, says Lithuania
Lithuania is calling for the European Union to legislate its commitment to cease dependence on Russian gas by 2027, with the proposal set for discussion among EU energy ministers next week.
Brazil, Guyana, Suriname eye more cooperation in oil and gas
Brazil, Guyana and Suriname have agreed to deepen discussions on cooperation in the oil and gas sector, according to a joint statement released by the countries after a meeting between their presidents.
PetroVietnam Gas seeks to buy 2 LNG cargoes, the first to be delivered in April
PetroVietnam Gas is seeking to buy two LNG cargoes, with the first to be delivered April 1-20.
The U.S. remained the largest liquefied natural gas supplier to Europe in 2023
The U.S. was again the largest supplier of LNG to Europe in 2023, accounting for nearly half of total LNG imports, according to data from CEDIGAZ.
OQEMA and BASF collaborate on amines in the UK and Ireland
BASF has strengthened its partnership with OQEMA, one of Europe’s leading chemical distributors, with regard to BASF’s standard amines portfolio excluding ethanolamines in the UK and Ireland, effective January 1, 2024.
U.S. natural gas rises over 7%, helped by cooler weather forecasts
U.S. natural gas futures gained more than 7%, rebounding from a four-year low hit in the previous session, helped by forecasts for slightly cooler weather leading to increased demand for gas for heating.
Endesa's CEO upbeat about $585-MM Nigerian LNG contract arbitration
Endesa CEO Jose Bogas said he was optimistic about the outcome of a $585-MM arbitration case related to a price review of a long-term LNG supply contract in Nigeria.
- Japan's Mitsubishi to acquire stake in Petronas LNG plant
- McDermott awarded Rovuma LNG Phase 1 FEED contract in Mozambique
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Wood leads industry project to accelerate CCUS with guidelines for CO2 specifications
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Sonatrach, Saudi Aramco raise prices for LPG by 3%–4% in October
- Amarinth secures $1-MM order of API 610 pumps for Coral North FLNG project in Mozambique
