management
Italy to discuss gas measure for energy-intensive firms by month's end
Italy's government will discuss a long-awaited measure to offer gas at reduced prices to energy-intensive companies by the end of this month, the country's energy minister said.
ExxonMobil signals lower oil, gas prices could hit second-quarter profit
ExxonMobil signaled that lower oil and gas prices could cut its second-quarter earnings by about $1.5 billion from the previous quarter's level.
Pakistan looking to sell excess LNG amid supply glut curbing local gas output
Pakistan is exploring ways to sell excess LNG cargoes amid a gas supply glut that could cost domestic producers $378 MM in annual losses
DNOW to acquire MRC Global in $1.5 billion all-stock deal
Energy and industrial products supplier DNOW said it would buy MRC Global in an all-stock deal valued at $1.5 billion, including debt. The combined company will operate over 350 service and distribution locations in more than 20 countries, serving customers across the upstream, midstream, downstream, gas utility, and broader industrial sectors.
Germany considers law reform to block Russian-owned Nord Stream pipeline takeover
Germany is considering changing its foreign trade law to prevent the company running the Nord Stream 2 pipelines from being taken over, as part of Berlin's efforts to prevent any resumption of Russian gas imports.
3t introduces landmark training to empower women in Saudi Arabia’s energy sector
3t, a global leader in training and blended learning for high-hazard industries, has unveiled a pioneering initiative to empower women in Saudi Arabia’s energy sector.
Petronas, Eni to form Southeast Asia-focused gas venture by end-2025
Malaysian state energy company Petronas and Italian energy group Eni said they were pressing ahead with a planned joint venture to develop gas assets in Indonesia and Malaysia with the signing expected by the end of this year.
Chart Industries and Flowserve combined to form $19-B enterprise
Chart Industries, Inc. and Flowserve Corporation announced that they have entered into a definitive agreement to combine in an all-stock merger of equals, creating a differentiated leader in industrial process technologies. The combined company is expected to have an enterprise value of approximately $19 billion.
Cheniere Energy says maintenance work begun on Sabine Pass LNG (U.S.) plant
Cheniere Energy said it has begun annual maintenance work on its LNG plant in Sabine Pass, Texas, the largest U.S. LNG plant.
Hitachi Energy provides solution for Chinese green hydrogen-ammonia-methanol integrated project
Hitachi Energy has delivered rectifier transformers for electrolytic hydrogen to a hydrogen industry park built by China Energy Engineering Corporation (CEEC) in Songyuan, a city in northeast China.
U.S. Senators reintroduce "Protect LNG Act" legislation to expedite LNG project approvals
U.S. Senators Ted Cruz (R-Texas), John Cornyn (R-Texas), Roger Wicker (R-Miss.) and Tim Scott (R-S.C.) reintroduced the Protect LNG Act. The legislation ensures that a court cannot vacate a previously authorized LNG permit, clarifies the venue for LNG lawsuits before federal courts, and mandates that courts grant expedited decisions in relevant cases.
Worley Consulting to provide ongoing LTA services for Northern Endurance Partnership and NZT Power
Worley Consulting has been chosen to continue delivering lender’s technical advisor (LTA) services for the Northern Endurance Partnership (NEP) and Net Zero Teesside Power (NZT Power).
UAE to up value of U.S. energy investments to $440 B by 2035
The United Arab Emirates plans to raise its energy investments in the United States to $440 B in the next decade, it said on Friday, boosting U.S. President Donald Trump's efforts to secure major business deals on a Gulf tour.
Digital Feature: How consensus-based standards are shaping the future of oil and natural gas worldwide
With its cross-border projects, interconnected supply chains and technical systems spanning continents, the global oil and natural gas industry is indeed complex. And while managing safety, sustainability, efficiency and reliability across these diverse environments has never been simple, the challenges continue to grow as expectations rise and technologies evolve.
Maire subsidiaries awarded various contracts worth approximately $1.1 B
MAIRE announced that its subsidiaries TECNIMONT and KT-Kinetics Technology have been granted new awards for a total amount of approximately $1.1 B for engineering, procurement and construction activities related to gas treatment infrastructures, as well as high-value added engineering services provided by NEXTCHEM's group companies for the development of biofuel facilities.
INEOS and Covestro agree to 8-yr LNG linked gas supply agreement
INEOS and Covestro have announced a significant long-term agreement for the supply of natural gas for up to eight years, starting 2027. The agreement builds on INEOS' newly established LNG supply chain, and both companies' commitment to support European industrial competitiveness.
Argentina's YPF rules out building land-based LNG plant
Argentina's state-run oil firm YPF has ruled out building an onshore natural gas liquefaction plant as it will instead rely on floating vessels for this process, YPF's chief executive said in an interview with local media.
U.S. plans Alaska LNG summit, will urge Japan, South Korea to support project
U.S. President Donald Trump's energy security council plans to host a summit in Alaska in early June, when it hopes Japan and South Korea will announce commitments to the Alaska LNG project.
Iran, Russia agree on 55 Bm3 of gas supplies, nuclear plant funding
Russia and Iran have reached a deal on 55 billion cubic meters of Russian gas supplies a year, though prices are yet to be agreed, while Russia also pledged to fund construction of a new nuclear power plant in Iran.
Morgan Stanley Infra Partners eyes $2-B Permian pipelines sale
Morgan Stanley Infrastructure Partners is exploring the sale of its majority stake in Brazos Midstream II, with a deal expected to value its holding at more than $2 B including debt.
Enhance rotating equipment reliability: Implementing a bad actor program in the oil and gas industry
Bad actor programs play a critical role in enhancing equipment reliability and optimizing maintenance costs within industrial plants. This article explores the implementation of such a program at Saudi Aramco’s Yanbu natural gas liquids Fractionation Department, focusing on rotating equipment such as pumps, compressors, turbines and motors.
China-U.S. trade war redrawing global LPG trading, outlook
The global liquefied petroleum gas (LPG) market is facing an upheaval as high tariffs on U.S. imports force Chinese buyers to swap American cargoes for alternatives from the Middle East, while U.S. shipments divert to Europe and elsewhere in Asia.
Abu Dhabi's ADNOC mulls bid for Aethon's U.S. natural gas assets
Abu Dhabi state oil company ADNOC is in the early stages of considering a bid for investment firm Aethon Energy Management's U.S. natural gas assets.
Alexandroupolis LNG terminal to restart soon and hit capacity by September
The 4.3-MMtpy Alexandroupolis LNG terminal in Greece will begin a gradual restart soon and reach full capacity by September. Gastrade halted operations at Alexandroupolis in late January, citing technical issues
NextDecade strikes LNG supply deal with TotalEnergies for 1.5 MMtpy
U.S. LNG producer NextDecade said it has signed a 20-year deal to supply France's TotalEnergies with 1.5 MMtpy from its Rio Grande facility's planned fourth liquefaction facility.
Energy Transfer requests more time to build Lake Charles LNG plant (U.S.)
Energy Transfer, the pipeline company developing a LNG export facility in Louisiana, is asking federal regulators to extend the deadline by three years for construction of its plant.
Indian gas firm GAIL seeks 26% stake in U.S. LNG
GAIL India Ltd issued a tender to buy an up to 26% stake in a LNG project in the U.S. combined with a 15-year gas import deal, aiding New Delhi's efforts to narrow its trade surplus with Washington.
Rakishev's Fincraft Group plans to launch Borankol gas processing plant in Kazakhstan in June
The Borankol Gas Processing Plant (GPP) in Kazakhstan is scheduled for commissioning in June 2025, the head of Fincraft Group Kenes Rakishev said.
Singapore port authority receives proposals for scaling up LNG marine fuel supply
The Maritime and Port Authority of Singapore has received a total of 14 proposals to scale up the supply of LNG for marine fuel, the government body said
Taiwan could buy $200 B more from U.S., increase LNG imports as part of trade deal
Taiwan state-backed bodies could over the next decade buy an extra $200 B from the U.S. and bump up the percentage of LNG it gets from the county by one-third to help narrow the trade deficit, the economy minister said
- U.S. ethane exports to China hit new roadblock with license requirement
- Glencore to offtake 2 MMtpy of LNG from Commonwealth LNG's export facility in Cameron Parish, Louisiana
- Australia clears Woodside to run North West Shelf LNG plant to 2070
- Egypt agrees to buy up to 160 LNG cargoes through 2026
- Shell to add up to 12 MMt of additional LNG capacity by 2030
