Regions
Desert Mountain Energy Corp. initiates helium production
Desert Mountain Energy Corp. (DME) has commenced operations at its helium processing plant on the West Pecos Field in New Mexico (U.S.).
Fulcrum LNG to pair with McDermott, Baker Hughes for Guyana gas project
A proposed large natural gas project in Guyana by U.S. energy developer Fulcrum LNG includes partnerships with U.S. oil service company Baker Hughes and engineering firm McDermott.
Russia will start gas exports to China from far east in 2027
Russia's Gazprom will start annual pipeline gas exports to China of 10 Bm3 in 2027.
Construction of Germany's first land-based LNG terminal begins
The construction of Germany's first land-based liquefied national gas (LNG) terminal at the inland port of Stade kicked off on Friday with the goal of starting operation in 2027.
U.S. natgas prices climb 2% as heat wave boosts demand for cooling
U.S. natural gas futures climbed about 2% on Friday on forecasts for higher demand over the next two weeks than previously expected as power generators burn more gas to keep air conditioners humming during a brutal heat wave.
FERC approves Venture Global's 20-MMtpy CP2 LNG project in Louisiana (U.S.)
The U.S. Federal Energy Regulatory Commission approved Venture Global's CP2 LNG export terminal project in Cameron Parish, Louisiana (U.S.).
Baker Hughes awarded multi-year contract by Woodside Energy to support Australian LNG operations
Baker Hughes announced it has entered into a new 10-yr services frame agreement with Woodside Energy to support its LNG operations in Australia.
Kimmeridge Texas Gas closes follow-on control investment in Commonwealth LNG
Kimmeridge Texas Gas has announced the closing of a follow-on control investment in Commonwealth LNG. The funding will support a 9.5-MMtpy liquefied natural gas (LNG) export facility in Cameron, Louisiana, through anticipated final investment decision (FID) in 1H 2025, and will raise Kimmeridge’s equity ownership in Commonwealth to > 90%.
Panama Canal traffic to increase as drought conditions ease
The Panama Canal Authority (APC) has announced that it will increase the number of daily booking slots for vessels transiting the Panama Canal to 35 in August, easing rules that restricted shipping traffic through the narrow waterway since last year.
Cedar LNG announces positive FID on 3.3-MMtpy FLNG project
Cedar LNG announced a positive final investment decision on the 3.3-MMtpy FLNG facility in the traditional territory of the Haisla Nation on Canada’s West Coast.
Worley to provide FEED services to help Australia Pacific LNG extract gas from the Angry Jungle gas field
Worley has been awarded the front end engineering and design (FEED) on a new natural gas compression facility in Queensland, Australia, by Origin, as Upstream Operator of Australia Pacific LNG (APLNG).
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.
- 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
