Regions
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.
TC Energy to sell Portland Natural Gas Transmission System for $1.14 B
TC Energy said it has agreed to sell Portland Natural Gas Transmission System to a BlackRock-managed fund and Morgan Stanley Infrastructure Partners for $1.14 B as part of its ongoing efforts to reduce debt and fund investments.
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.
U.S. EPA removes existing natgas plants from proposed carbon rule
The U.S. Environmental Protection Agency said it will exclude existing natural gas power plants from its proposed carbon regulations that it plans to finalize in April, narrowing the scope of the initial proposal that would have required stringent controls on those facilities.
Asia spot LNG prices flat as ample inventories weigh
Asian spot LNG was flat this week to trend at a near three-year low as high inventories kept prices capped, though the slump in prices has attracted some spot demand.
Sugar maker Cristal Union takes stake in TotalEnergies biogas unit
French sugar maker Cristal Union will take a 10% stake in TotalEnergies's biogas unit BioNorrois due to be launched later this year, which will use sugar beet residue from one of Cristal Union's factories, the companies said.
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.
bp plans to invest $1.5 B in Egypt gas projects
bp is preparing to invest about $1.5 B to develop gas projects and drilling in Egypt over the next three to four years.
Henry Hub daily natural gas spot price fell to record lows in February
The U.S. benchmark Henry Hub daily natural gas price averaged $1.50 per MMBtu on February 20, 2024, the lowest price in inflation-adjusted dollars since at least 1997, according to data from Refinitiv Eikon.
bp asks U.S. regulators to reject Venture Global's permit extension request
bp urged U.S. regulators to refuse Venture Global LNG's request for an extension of time to build its Calcasieu Pass export plant.
Woodside Energy inks long-term LNG supply deal with South Korea
Woodside Energy has inked an agreement with South Korean state-owned natural gas firm Korea Gas Corp to supply LNG for more than a decade.
Global LNG demand seen rising in 2024 from China, Europe
Global LNG demand will grow in 2024 with top buyer China back in the market and consumption in Europe rising.
Israel says gas exports to Egypt, Jordan rose 25% in 2023
Israel said on Monday that gas supplies to Egypt and Jordan rose by about 25% in 2023, despite brief disruptions at the start of the war in Gaza, adding that exports could be expanded further.
Yokogawa releases OpreX carbon footprint tracer to support decarbonization in the process manufacturing industries
Yokogawa Electric Corporation announced the development and release of OpreX Carbon Footprint Tracer, a solution in the OpreX Transformation lineup that targets the carbon footprint management needs of companies in the process manufacturing industries.
Qatar's new LNG expansion plans to squeeze out U.S., other rivals
Qatar's planned expansion of LNG production could see it control nearly 25% share of the global market by 2030 and squeeze out rival projects including in the U.S. where President Biden paused new export approvals, market experts say.
Weak gas prices primed to trigger coal-to-gas switch in Germany
A more than 25% slump this year in northwest Europe's benchmark natural gas price has helped push the price of gas-fired power generation below the cost of coal-fired generation and sets the stage for fuel switching by key regional power producers.
- 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
