Shell’s annual profit in 2023 took a tumble, dropping by 30% on a year-over-year basis, compared to its highest-ever annual profit, which came to almost $40 billion in 2022.
Eni and its majority-owned Vår Energi have expanded their footprint by wrapping up the acquisition of Neptune Energy’s oil and gas assets.
Singapore LNG Corporation (SLNG), builder, owner, and operator of Singapore’s and Asia’s first open-access multi-user LNG terminal, has selected a new chief executive officer (CEO). SLNG revealed that Leong Wei Hung will succeed the current CEO Tan Soo Koong with effect from April 7, 2024. To allow
Nebula Energy, a fully integrated investment management firm focused on LNG and CCS sectors, has acquired a majority stake in AG&P LNG, a subsidiary of AG&P Group and developer of LNG terminals and downstream infrastructure. On January 31, Nebula Energy announced it is investing $300 million in AG&P
Qatar’s LNG heavyweight QatarEnergy and U.S.-based LNG importer Excelerate Energy have signed a long-term agreement for the supply of LNG from Qatar to Bangladesh. This sale and purchase agreement (SPA) will see Excelerate buy up to 1 million tons per annum (mtpa) of LNG from QatarEnergy to be deliv
API has joined dozens of other industry groups in urging the Biden administration to reject calls to halt permits for U.S. LNG export facilities.
The performance tests confirming the requirements of LNG production of above 3.4 million tons per year (mtpa) at Eni’s Coral Sul floating LNG (FLNG) facility offshore Mozambique have been finalized. French engineering company Technip Energies, a leader of the TJS Consortium which also includes JGC C
Japanese companies Tokyo Gas and Kyuden, along with Vietnam’s Truong Tan Vietnam Group, have established the Thai Binh LNG Power joint venture (TBLP) to work on an LNG-to-power project in Thai Binh Province, Vietnam. The venture will develop, construct and operate a floating LNG import terminal and
A consortium of McDermott and Baker Hughes has completed the installation of subsea infrastructure for Inpex its gas field located offshore Australia. Awarded to the consortium in 2019, the subsea infrastructure development project for the Ichthys field included engineering, procurement, constructio
South Korean shipyard Hyundai Samho Heavy Industries (HSHI) has delivered a newbuild LNG carrier, Energy Endurance, to Greek ship management company Alpha Gas. Alpha Gas announced the delivery of the 174,000 cubic meter LNG carrier on January 23, 2024. The vessel was launched in the summer of 2023.
London-headquartered engineering consultancy Longitude Engineering, part of ABL Group, has won a contract to deliver design and engineering services for the subsea development at a gas field located offshore Egypt. Longitude Engineering will provide detailed design and engineering services for the s
According to Lithuanian terminal operator KN Energies, formerly Klaipedos Nafta, a record amount of 105 thousand cubic meters of liquefied natural gas (LNG) has been transferred from the floating storage and regasification unit (FSRU) Independence to the conventionally sized Amur River LNG vessel at
China-based provider of clean energy services Wison New Energies, formerly known as Wison Offshore & Marine, has initiated the design validation and pre-FEED phase for two floating LNG (FLNG) projects in Nigeria. Following the signing of the contract and disbursement of mobilization funding, Wison N
LNG shipping company Flex LNG has secured an extension of the charter of its LNG carrier Flex Resolute that will keep the vessel on a fixed-hire contract until at least the first quarter of 2027. The 2020-built Flex Resolute was fixed on a three-year time charter on November 1, 2021, with the commen
