The Freeport LNG export project in Texas led by billionaire Michael Smith, has asked for additional time to develop the project’s fourth train.
The UK-based Sound Energy has issued 129.4 million shares aiming to raise £2.75 million ($3.56 million) as it pushes forward with its Moroccan LNG project.
Total reported a 96 per cent drop in adjusted profit for the second quarter of 2020 due to lower prices and COVID-19 effects.
The Hague-based LNG giant Shell logged a 7 percent decline in its liquefied natural gas sales during the second quarter of this year as it reported a huge quarterly loss. Shell announced on Thursday a loss of $18.1 billion for the second quarter due to the effects related to the Covid-19 pandemic. T
The Department of Energy is issuing a final policy statement that allows for US LNG exports to non-free trade agreement countries to be extended through the year 2050. This policy is a change from the current practice of granting 20-year LNG export terms. President Donald J. Trump announced the new
French LNG containment specialist GTT posted a 66.2 percent rise in revenue in the first half as it booked eighteen new orders. The company said its revenue reached 203.8 million euros ($240 million) in the January-June period. Revenue benefited from the flow of orders over the last two years, it sa
Russian independent LNG producer Novatek reported a 40 percent decline in its second-quarter profit due to the effects related to the Covid-19 pandemic. Net profit reached 41.6 billion roubles ($572.8 million) in the April-June period, compared to 69.1 billion roubles last year. Revenues also droppe
South African domestic natural gas and helium producer Renergen has completed the design of the Virginia gas plant.
The Nordic energy company Gasum has conducted the first truck-to-ship liquefied natural gas (LNG) bunkering operation in Germany.
British Columbia’s liquefied natural gas (LNG) industry could be the stimulus the Canadian economy will need post-COVID-19.
Norway-based shipping company Flex LNG has taken the delivery of its first newbuild carrier for this year and expects additional vessels to follow shortly. South Korea’s Hyundai Samho Heavy Industries delivered the 174,000-cbm Flex Aurora on Wednesday. The LNG shipping company controlled by billiona
French private equity firm InfraVia Capital Partners has acquired European small-scale LNG player Molgas Energy. The equity company completed the acquisition via its InfraVia European Fund IV, it said on Tuesday without revealing the financial details of the transaction. However, law firm Ashurst sa
US company Great Lakes Dredge & Dock has secured a subcontract from engineer Bechtel for the third jetty at Cheniere’s Sabine Pass LNG export terminal in Louisiana. The subcontract involves dredging works for the third marine berth at Sabine Pass. Cheniere is expanding its five-train 25 mtpa facilit
Taiwan’s CPC has awarded French Sofregaz the front-end engineering and design contract for the third expansion phase of its Taichung LNG import terminal. Besides the FEED, the deal also includes project management consultancy (PMC) services, Sofregaz said in a statement. Phase 3 expansion will see t
