From Natural Gas World Weaker than expected demand in traditional Asia markets is leaving several large LNG buyers in the region over-contracted which should help accelerate a transition towards more flexible contractual structures, Nizar Mohammad Al-Adsani, CEO, Kuwait Petroleum Corporation said during his talk at the fifth IEF – IGU Ministerial Gas Forum that was held in New Delhi December
From Reuters Houston-based Cheniere Energy Inc is gearing up to send its first supplies of liquefied natural gas (LNG) from its Sabine Pass export terminal on the U.S. Gulf Coast to Asian customers as a rise in prices in the region have made such shipments profitable, an official told Reuters. The plans signal how the U.S. shale gas revolution is
Tellurian and its Driftwood LNG export project move forward Tellurian Investments Inc. announced that GE Oil & Gas has made a $25 million preferred equity investment in Tellurian Investments with an implied Tellurian common stock value of $5.94 per share. Tellurian is in the engineering design and pre-filing stage for a proposed 26 million tonnes per annum Driftwood LNG export
From Alaska Dispatch News ConocoPhillips said Thursday it’s in the “initial stages” of trying to sell its plant on the Kenai Peninsula that for nearly 50 years liquefied natural gas from Cook Inlet for export to overseas markets. The company, adjusting to low oil and LNG prices that have battered the industry, cited “market conditions” in a statement issued Thursday. It
Press Trust of India GAIL will now hire the ships from the global spot or current market to transport liquefied natural gas (LNG), a top official said; GAIL has tied up 5.8 million tonnes per annum of LNG from Sabine Pass and Cove Point which the newly built ships will ferry. New Delhi: After dragging for more than two years, state-owned
International Maritime Organization legislation looks to lower emissions from ships to 0.5% from 3.5% by 2020 A push for cleaner fuels in the world’s maritime industry could drastically change the appetite of the world’s refineries, and the producers of heavy crude oil. By 2020, ships around the world will have to cut their sulfur emissions to 0.5% from 3.5% currently,
From LNG World News Venture Global LNG named the former chief operating officer of Cameron LNG, John Brian O’Leary, as senior vice president of operations of the company. At Cameron LNG, O’Leary led the pre-operations planning for commissioning and operation of three trains of LNG, 4.5 MTPA each, at the Cameron LNG terminal under construction in Hackberry, Louisiana. According to Venture Global
From LNG World News Chevron and its partners in the Wheatstone LNG project, including Australia’s Woodside, will have to splash more cash for the LNG project west of Onslow after the US energy giant announced a US$5 billion cost blowout. Chevron said last week, after announcing the company’s third-quarter results, that delays in module deliveries to the LNG project had resulted
Records 3Q production of 3.8 million boe/d, $2.7 billion earnings The world’s largest publicly-traded oil company gave its 3Q 2016 earnings call this morning. Jeff Woodbury, Vice President of Investor Relations, was on the call while CEO Rex Tillerson was not present. The company logged earnings of $2.7 billion, a 38% decline from 3Q 2015, as well as capital and
Total: “positioned to be the most profitable European major oil company” French oil major Total (ticker: TOT) reported its third quarter earnings today. The company has continued to send the same message every quarter, focusing on increasing production and declining operational costs and capital spending. “We expect the environment to remain volatile but based on our 2015 and first half
Groups plan to file lawsuits to stop BC LNG First Nations groups are planning to sue the federal government and the majority stake-owner of the Pacific NorthWest LNG project, Petronas, in order to halt the project on British Columbia’s northern coast. The $36 billion project includes a pipeline and terminal, and was conditionally approved by Canada’s federal government last month
Gas Demand Growing as Coal Prices and Exports Heat Up Henry Hub aside, the real hot commodity this summer has been coal, as spot prices for Australian thermal reached $100 per ton (ASD) in September for the first time since April, 2012. The country is the world’s second largest exporter of coal, behind Indonesia. This price spike has been spurred
