Regions
Israel approves extra gas exports, Leviathan field to be expanded
The partners in Israel's Leviathan gas field said on Wednesday they planned to invest up to $500 MM to expand its capacity after the government approved the export of more natural gas from its offshore fields to boost the economy.
Russian court orders Italy's UniCredit to pay $480 MM over aborted gas project
A Russian court has ordered Italian bank UniCredit to pay €448.2 MM ($479.44 MM) in a lawsuit over an aborted gas project brought by St. Petersburg-based RusChemAlliance, a joint venture 50% owned by Russian gas giant Gazprom.
Venture Global launches first vessel from state-of-the-art LNG fleet
Venture Global announced the successful launch of its first LNG vessel, the Venture Gator at a ceremony which took place at the Samsung Heavy Industries shipyard in Geoji-si, South Korea.
New DNV survey highlights oil and gas sector paradox
The latest DNV survey, “The Paradox of Petroleum—How the oil and gas sector is transforming through uncertainty,” gathered insights from nearly 450 senior oil and gas professionals to examine rapidly evolving trends and the near-term outlook for the sector.
Shell to build carbon capture and storage projects in Canada
Shell announced the final investment decision (FID) for Polaris, a carbon capture project at the Shell Energy and Chemicals Park, Scotford in Alberta, Canada. Polaris is designed to capture approximately 650,000 tpy of CO₂ from the Shell-owned Scotford refinery and chemicals complex.
Aramco and Sempra announce Heads of Agreement for equity and offtake from Port Arthur LNG Phase 2
Aramco and Sempra announced that their respective subsidiaries have executed a non-binding Heads of Agreement (HoA) for a 20-yr sale and purchase agreement (SPA) for LNG offtake of 5 MMtpy from the Port Arthur LNG Phase 2 expansion project.
Argent LNG signs lease for 20-MMtpy Port Fouchon LNG export terminal
Argent LNG announced the signing of a long-term lease agreement with the Greater Lafourche Port Commission, securing 144 acres of prime land at Port Fourchon, Louisiana (U.S.) for its 20-MMtpy LNG export terminal.
Rising U.S. labor costs threaten to derail new LNG projects
A shortage of skilled labor and nagging inflation from strong wage growth on the U.S. Gulf Coast are pressuring liquefied natural gas (LNG) developers and delaying some projects from reaching a financial go-ahead.
Summit Carbon Solutions granted approval by IUB for CO2 pipeline project
Summit Carbon Solutions is partnering with 57 ethanol plants in the U.S. to capture carbon dioxide from the fermentation process of biorefineries, such as ethanol plants, compress the captured CO2 and channel it to North Dakota where it will be permanently and safely stored underground in deep geologic storage locations.
IEEFA: LNG is not displacing coal in China’s transition to renewable power
Evidence from China, the world’s largest coal consumer, shows that LNG is unlikely to materially displace coal-fired power generation, according to the Institute for Energy Economics and Financial Analysis (IEEFA).
Equinor's Arctic Hammerfest LNG plant restarts after power outage
Equinor's Arctic Hammerfest LNG plant has resumed operation as planned following a weekend power outage that halted production.
Former CEO of Indonesia's Pertamina jailed over Cheniere LNG contract
A former chief executive of Indonesia's state energy firm Pertamina has been sentenced to nine years in jail for graft in a case related to a long-term contract to procure liquefied natural gas (LNG) from a unit of U.S. company Cheniere Energy.
Finland's Gasum to end Russian LNG imports in line with EU sanctions
Finland's Gasum, a key gas supplier to the Nordic region, will stop buying and importing Russian liquefied natural gas (LNG) in July in line with fresh European Union sanctions.
U.S. natgas prices slide 2% on rising output, lower demand forecasts
U.S. natural gas futures slid about 2% on Tuesday on a slow increase in output and forecasts for less demand over the next two weeks than previously expected, even as a brutal heat wave blankets much of the country.
Egypt needs to import $1.18 B in fuel, natural gas to end power cuts
Egypt needs to import around $1.18 B worth of mazut fuel oil and natural gas to end persistent power cuts exacerbated by consecutive heat waves.
China's Wison New Energies to quit Russian projects in blow to Arctic LNG 2
Chinese engineering firm Wison New Energies has decided to discontinue all of its ongoing Russian projects, and will immediately and indefinitely stop taking any new Russian business.
Air Liquide selected to invest up to $850 MM in largest low-carbon oxygen production in the Americas
Air Liquide plans to invest up to $850 MM to build, own and operate four large modular air separation units as well as related infrastructure in the framework of a long-term binding agreement with ExxonMobil for its planned low-carbon hydrogen (H2) project in Baytown, Texas.
Air Liquide, Dunkerque LNG CO₂ infrastructure project receives support from the EU
Air Liquide and Dunkerque LNG have announced they welcome the decision of the European Commission to support the D'Artagnan project. This carbon dioxide (CO₂) transportation and exportation infrastructure is part of the “Cap Décarbonation” initiative, which aims to reduce CO₂ emissions by 1.5 metric MMtpy in the industrial basin of Dunkirk and its surroundings.
Gasunie, Vopak to explore possibilities for LNG, H2 and CO2 at EemsEnergyTerminal in Eemshaven
In partnership with the Ministry of Economic Affairs and Climate Policy, Gasunie and Vopak are exploring options to utilize the EemsEnergyTerminal for longer than initially planned at the port of Eemshaven.
ONGC, IndianOil forge strategic partnership to establish LNG plant near Hatta Gas Field
ONGC and IndianOil Corp. Ltd. (IOCL) has signed a memorandum of understanding (MoU) to establish a small-scale liquefied natural gas (LNG) plant near the Hatta Gas Field in the Vindhyan Basin.
Steelhead LNG secures patents in U.S. and Korea, litigation ongoing against Cedar LNG and Rockies LNG
Steelhead LNG, a Vancouver-based developer in the liquefied natural gas (LNG) industry, has announced the recent award of patents in the U.S. and South Korea in relation to its proprietary near-shore floating LNG production facility system.
India's LNG surge supports Asia's imports in June
Asia's imports of liquefied natural gas (LNG) are expected to dip slightly in June from May, with strength in India holding up the top-buying region's appetite for the super-chilled fuel.
EU approves $3.2 B in German hydrogen pipeline support
The European Commission has signed off on about €3 B ($3.2 B) of planned German state aid for building a system of hydrogen pipelines known as the Hydrogen Core Network.
New England (U.S.) utility closes import-dependent gas-fired power plant, keeps LNG import option
Although Constellation Energy will close the Mystic gas-fired power plant north of Boston (U.S.), it will continue to operate the Everett LNG terminal
NPCC awards Amarinth another pump order at ADNOC’s Lower Zakum facility
Amarinth, a world-leading, net-zero designer and manufacturer of low lifecycle cost centrifugal pumps and associated equipment has again secured an order from NPCC for API 610 OH2 pumps destined for ADNOC’s Lower Zakum facility in the UAE.
Siemens Energy awarded $1.5-B Saudi energy supply contract
Siemens Energy is supplying key power plant technologies that will provide almost 4 GW to the Kingdom, and in addition has also entered a long-term maintenance contract for 25 years for the two power plants, with a total value of approximately $1.5 B.
U.S. power system cranks up gas output as cooling season kicks off
Natural gas-fired power generation in the U.S. has climbed nearly 6% through June 17 from the same period a year ago, as above-normal temperatures lifted use of power-hungry air conditioners.
Heidelburg Materials, Linde start construction on large-scale carbon capture facility
Heidelberg Materials and Linde have started construction of one of the world’s first large-scale carbon capture facilities in the cement industry.
Heygaz Biomethane to acquire Ireland's leading biogas and biomethane producer
Heygaz Biomethane reached an agreement this week to purchase the leading Irish biogas and biomethane producer, Ormonde Organics.
Electrolyzer projects rise but hydrogen demand remains a concern
Global development of hydrogen electrolyzers rose 4% in the last six months to 1.2 TW as some 55.2 GW of new projects were added.
- ADNOC deploys pioneering AI-enabled process optimization technology
- Mexico Pacific announces long-term LNG SPA with POSCO International
- ONEOK to acquire Medallion and controlling interest in EnLink for $5.9 B
- Golar LNG signs EPC deal for $2.2-B MK II FLNG conversion project
- Japan's Mitsubishi to acquire stake in Petronas LNG plant
