Regions
U.S. stands to lose Canadian natural gas when LNG Canada terminal starts up
The startup of LNG Canada, the country's first such export terminal, is likely to strain its natural gas supplies for multiple years and force producers to reduce exports to the U.S., where demand for the fuel is record high.
Japan aims for zero-carbon electricity generation
Over the last several years, the Japanese government has announced energy policies aimed to achieve carbon neutrality by 2050 by lowering emissions in the electric power, industrial, and transportation sectors.
Water treatment specialist SurfCleaner supplies Norwegian energy giant Equinor
Swedish firm SurfCleaner has delivered a full ATEX SCO 1000 system to Eqinor’s Kårstø processing plant in Nord-Rogaland, the largest of its kind in Europe.
ExxonMobil "optimistic and pushing forward" with Mozambique LNG project
ExxonMobil is "optimistic and pushing forward" with its delayed Rovuma liquefied natural gas (LNG) project in Mozambique and expects a final investment decision (FID) at the end of next year.
U.S. natgas prices jump 5% on higher demand forecast, lower output
U.S. natural gas futures jumped about 5% on Thursday on a continued drop in output and more demand next week than previously expected is forecasted due to an increase in the amount of gas flowing to liquefied natural gas (LNG) export plants.
Gazprom plunges to first annual loss in 20 yr as trade with Europe hit
Kremlin-owned gas giant Gazprom revealed that it plunged to a net loss of 629 B roubles ($6.9 B) in 2023, its first annual loss in more than 20 yr, amid dwindling gas trade with Europe, once its main sales market.
HPLNG delays commissioning of Chhara LNG import terminal in India
HPLNG delays commissioning of Chhara LNG import terminal in Gujarat, India.
Texas operators turn to flaring amid weak gas prices
Operators drilling for oil in Texas are scrambling to dispose of excess natural gas amid a supply glut and weak prices, prompting a sharp rise in flaring requests.
ADNOC, G42 and Presight partner to accelerate AI solutions for the energy sector
ADNOC, G42 and Presight AI Holding Plc., an ADX publicly listed company, have announced a new shareholding structure for AIQ.
Ukraine hopes to boost winter gas storage for Europe by 60%
Ukraine hopes to store around 4 Bm3 of gas for foreign companies and traders this winter, up 60% from last year, despite Russian airstrikes on the country's energy infrastructure.
Shell exits China power market businesses, renews focus on natural gas
Shell has exited China's power markets as part of CEO Wael Sawan's drive to focus on more profitable operations, including its natural gas and oil businesses.
U.S. LNG exports fall in April for fourth straight month
U.S. exports of liquefied natural gas (LNG) fell for a fourth consecutive month to 6.19 MM metric t in April from 7.61 MM metric t in March on production outages, preliminary data from financial firm LSEG showed.
TotalEnergies, Vanguard Renewables join forces to develop renewable natural gas in the U.S.
TotalEnergies, a global integrated energy company, and Vanguard Renewables, a U.S. leader in farm-based organics-to-renewable natural gas production and a portfolio company of a fund managed by BlackRock’s Diversified Infrastructure business, have signed an agreement to create an equally owned joint venture (JV) to develop, build and operate Farm Powered® renewable natural gas (RNG) projects in the U.S.
Axxela takes FID to develop a 50-MMft3d gas processing plant
Axxela Ltd., a leading gas and power portfolio company in Sub-Saharan Africa, has taken a final investment decision (FID) for the development of a gas processing plant situated in OML 56, Delta State, South-South Nigeria.
IEEFA: Tidal wave of new LNG supply to flood market amid demand uncertainty
Sluggish demand growth for liquefied natural gas (LNG), combined with a record increase in global export capacity through 2028, will likely thrust markets into an extended period of oversupply, according to the latest Global LNG Outlook from the Institute for Energy Economics and Financial Analysis (IEEFA).
U.S. natgas flows rise to 3-week high as Texas Freeport pulls in more fuel
The amount of natural gas flowing to the seven U.S. LNG export plants was on track to rise by about 5% to a three-week high as Freeport LNG in Texas started to pull in more feedgas.
Turkey in talks with ExxonMobil over multibillion-dollar LNG deal
Turkey is in talks with U.S. energy giant ExxonMobil over a multi-billion-dollar deal to buy LNG, in an effort to curb its dependence on Russian energy.
bp signs long-term LNG agreement with Korea Gas Corp
bp has entered into a long term LNG sale and purchase agreement with South Korea's state run Korea Gas Corp.
PetroChina profit boosted by stronger gas sales and fuel demand
China's top energy producer PetroChina posted a 4.7% rise in first-quarter net income helped by growth in natural gas and a recovery in fuel demand.
Top Tellurian executives poised for big payday if LNG plant goes ahead
Top executives of U.S. LNG developer Tellurian Inc could earn tens of millions of dollars if its proposed Driftwood LNG plant gets a green light, or if company is sold.
As demand for U.S. LNG booms, one plant struggles to stay online
The second-largest U.S. LNG export facility has been running below 80% of its capacity due to technical problems, data from financial firm LSEG showed, denting U.S. exports.
Equinor's Hammerfest LNG plant outage extended
The planned restart of Equinor's Hammerfest LNG plant, which was evacuated and shut earlier this week due to a gas leak, has been postponed until Saturday, transparency data showed.
U.S. natgas drops on lower feedgas to Freeport LNG, storage surplus
U.S. natural gas futures slipped ahead of the expiration of the May contract, weighed down by a drop in feedgas to Freeport LNG's Texas export terminal and a huge surplus of gas in storage.
TotalEnergies chief calls potential EU sanctions on Russian LNG a financial boon
Sanctions on Russian gas from the Yamal LNG project would cause prices to spike and profit global gas sellers including TotalEnergies, chief executive Patrick Pouyanne said, in response to an analyst question about the impact of potential EU sanctions.
Aspen Technology introduces new strategic planning for sustainability pathways solution
Aspen Technology, Inc. introduced AspenTech Strategic Planning for Sustainability Pathways – a new and unique integrated modelling and optimization solution that aims to guide companies in carbon capture utilization and storage decision making and sustainability strategy investments.
Asia spot LNG prices fall for first time in over two months
Asian spot LNG prices dropped slightly for the first time in more than two months this week over expectations of weak demand, amid easing concerns around supply due to tensions in the Middle East.
Shareholders’ Resolution: MOL to pay $668-MM dividend
At the Annual General Meeting of MOL Plc, shareholders approved the Board of Directors' financial performance report for 2023 and adopted the parent company- and consolidated financial statements.
European Commission expected to propose new sanctions on Russian LNG
The European Commission's next sanctions package is expected to propose restrictions on Russian LNG for the first time, including a ban on trans-shipments in the EU and measures on three Russian LNG projects.
U.S. natgas prices drop 5% on forecasts for less demand
U.S. natural gas futures slipped about 5% on an outlook for reduced heating demand next week and on the eve of a closely watched weekly federal storage report.
DTE Energy misses quarterly profit estimates on natgas unit weakness
Electric and gas utility DTE Energy missed Wall Street estimates for the first-quarter profit, hurt by weakness in its natural gas unit.
- 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
