economics
ADNOC and SOCAR to collaborate on hydrogen, carbon management and geothermal technologies
ADNOC and the State Oil Company of Azerbaijan Republic announced the signing of a strategic collaboration agreement that sets out their intention to collaborate on the potential development of low carbon energy technologies.
EnerMech’s fast track expertise safely supports progress of vital LNG projects
EnerMech, and its alliance partner Offshore Technical Services, have been instrumental in helping fast track the first phase of a major project to import LNG to Germany as the country races to reduce its dependence on Russian energy.
Russia's LNG supplies to Europe hit monthly record high in November
Supplies of Russian LNG to Europe reached a monthly high of 1.75 Mmt, while deliveries to China declined.
Australia Pacific LNG resumes production and cargo loading
Production of LNG and the loading of cargoes have resumed at Australia Pacific LNG after a loaded tanker that was stuck at the facility was moved.
Trinidad's Atlantic LNG restructuring to shrink Shell's stake, boost bp's
Shell's ownership in Trinidad and Tobago's Atlantic LNG facility will shrink, while bp and Trinidad's state-owned National Gas Co will increase their stakes in a restructuring agreement to be signed this week.
TES and Toho Gas sign agreement for close collaboration for the value chain of e-NG
TES and Toho Gas Co., Ltd. announce that both companies have signed a comprehensive agreement to explore the development of an e-NG supply chain in order to support Japan’s decarbonization goals.
Australia Pacific LNG deliveries disrupted due to tanker outage
Shipments of LNG from Australia Pacific LNG have come to a halt after a loaded tanker docked at the site lost power.
OMV and Cheniere sign long-term LNG supply agreement
OMV announced the signing of a long-term sale and purchase agreement with US-based company Cheniere Energy, Inc. covering the supply of up to 850,000 tpy of LNG beginning in late 2029.
U.S. natgas prices hold steady as surprise storage build offsets rising demand
U.S. natural gas futures were little changed as a surprise build in weekly storage and forecasts for less cold weather through mid-December than previously expected offset a drop in output over the past few days and forecasts for higher demand over the next two weeks.
Train 1 restarts after trip at Freeport LNG plant, Texas (U.S.)
Freeport LNG reported that during the operation of its liquefaction plant in Texas.
Russian pipeline gas exports to Europe down 4.3% in November
Average daily natural gas supplies to Europe by Russian energy giant Gazprom were down 4.3% in November from their October levels.
U.S. November LNG exports approach record levels amid higher output
U.S. LNG exports in November rose to the second highest monthly production level on record, 7.99 Mmt of the superchilled gas.
Asia spot LNG prices fall to 7-week low on tepid demand, improved supply
Asian spot LNG prices fell this week to a 7-week low despite cold weather, as demand remains muted and global supply conditions ease after recent maintenance and geopolitical tensions.
Venture Global seeks approval to start utilities systems at Calcasieu Pass LNG
Venture Global LNG sought permission from federal regulators to place utilities systems into service at its Calcasieu Pass export plant in Louisiana, in a filing with the U.S. Federal Energy Regulatory Commission.
Shell authorizes engineering, construction work on Manatee gas field
Shell PLC has authorized contractor McDermott International Ltd to start engineering work on its Manatee gas field development project off Trinidad and Tobago's east coast.
Kyiv proposes reversing Trans-Balkan gas pipeline flows through Ukraine
Ukraine's state gas transit operator proposed reversing gas flows through the Trans-Balkan pipeline, which would allow gas to be pumped from the Balkans to Central and Eastern European countries through Ukraine.
Topsoe and Standard Gas sign MoU to collaborate on UK-based renewable natural gas and methanol project
Topsoe announces it has signed an MoU with Standard Gas, a decarbonization technology company, to collaborate on a UK-based project to produce renewable natural gas and methanol from residual waste feedstocks.
Cheniere inks natural gas supply deal with ARC Resources
Cheniere Energy has signed a natural gas supply deal with Canada-based ARC Resources as the U.S. LNG exporter ramps up its efforts to commercialize the expansion of its Sabine Pass facility.
Russia's monthly gas output up in Oct, down in Jan-Oct
Russia's gas output rose for the third month in row in October but overall gas production in the first 10 months of the year fell.
Bangladesh's Summit Group in final talks to sign LNG deal with Petrobangla
Bangladesh's Summit Group is in the last stage of discussions with the government to provide the nation with supplies of LNG.
OPEC head accuses IEA of vilifying fossil fuel industry
OPEC Secretary General Haitham Al Ghais accused the International Energy Agency of vilifying the oil and gas industry, in the latest clash between the groups over climate policy.
Russia expects to reach agreement on gas hub project with Turkey soon
Moscow and Ankara are set to reach agreement on the creation of a natural gas hub in Turkey in the nearest future.
Moody's lifts Czech Republic outlook on lower Russian gas reliance
Ratings agency Moody's upgraded its outlook on the Czech Republic to "stable" from "negative", citing significant reduction in risks related to the country's dependence on Russian gas supply.
DORIS, Axens, AWT International, SeaQuester and Surbana Jurong announce the CCS Hub Alliance decarbonization solution for hard-to-abate CO2 emitters
DORIS, Axens, AWT International, Sea-Quester Offshore and Surbana Jurong Infrastructure announce the formation of the CCS Hub Alliance, a partnership dedicated to delivering cost-effective and risk-reduced decarbonization solutions to hard-to-abate CO2 emitters.
Brazil's Petrobras to invest $102 billion in next five years
Brazil's Petrobras will invest around $102 B within the 2024-2028 period, representing a major boost in expected investments by the state-run oil company.
Indian Oil to double Ennore LNG terminal's capacity to 10 MMtpy
Indian Oil Corp aims to double the capacity of its LNG import terminal at Ennore in southern India to 10 MMtpy.
Japan approves JERA plan to keep surplus LNG in winter
Japan's industry ministry has approved a plan by the country's top power generator JERA to hold a surplus of LNG in the winter as a strategic reserve in case of supply disruptions.
Asia spot LNG holds steady as demand weak, inventories high
Asian spot LNG prices slipped slightly this week, as demand was weak and inventories remained high in both Northeast Asia and Europe.
BASF shares rise on report ADNOC exploring Wintershall Dea deal
Shares in chemicals giant BASF rose on Friday after a report that Abu Dhabi National Oil Co is exploring an acquisition of the German group's energy business Wintershall Dea.
Spain's Endesa cuts profit, dividend outlook after LNG ruling
Spanish power utility Endesa cut its profit and dividend outlook to take into account the impact of a court order to pay $570 MM following a dispute over a long-term LNG supply contract with Qatar.
- 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
