Post Tagged with: "LNG"

Source: Houston Chronicle

A global natural gas market is starting to emerge

Houston Chronicle


Financial derivatives linked to liquefied natural gas are mushrooming as a market crash and a boom in physical trading creates an appetite to manage risk and provides opportunity to speculate on prices.

The growth is helping speed up …

March 12, 2020 - 2:30 pm Energy News, LNG, Natural Gas News
Port Arthur LNG  -Southeast Texas. port more than 12 million tonnes of LNG per year.
Photo: Courtesy Photo / Port Arthur LNG LLC

Port Arthur LNG and Bechtel sign EPC agreement

LNG Industry


Sempra Energy and Bechtel have announced that their respective subsidiaries, Port Arthur LNG, LLC and Bechtel Oil, Gas, and Chemicals, Inc., have signed a fixed-price engineering, procurement and construction (EPC) contract for the Port Arthur LNG liquefaction project
Source: Houston Chronicle

LNG opponents sue feds over two Port of Brownsville permits

Houston Chronicle


Opponents of the liquefied natural gas industry have sued a federal agency that issued permits for a controversial LNG export terminal at the Port of Brownsville and a related pipeline.

In a petition filed before the U.S. Court …

February 21, 2020 - 11:00 am Closing Bell Story‎, Energy News, LNG, Natural Gas News
Qatargas signs LNG SPA with Kuwait

Qatargas signs LNG SPA with Kuwait

LNG Industry


Qatargas has announced the signing of a new, long term LNG sale and purchase agreement (SPA) with Shell to deliver 1 million tpy of LNG to the State of Kuwait, commencing this year.

Qatargas signs LNG SPA with Kuwait -oilandgas360Commenting on the signing of …

February 11, 2020 - 6:31 am Closing Bell Story‎, International, LNG
Image Courtesy: Novatek

Russia gives green light for new LNG transshipment terminal

World Maritime News


Russia’s federal autonomous institution Glavgosexpertiza has reviewed and approved the design documentation and engineering survey results for the construction of an LNG transshipment terminal in the Kamchatka Territory. 

Back in October 2017, the Kamchatka government and PJSC …

February 8, 2020 - 8:16 am Closing Bell Story‎, Energy News, International, LNG
Source: Reuters

Free-falling LNG prices wreak havoc on trade amid coronavirus fears

Reuters


SINGAPORE – Record low prices for liquefied natural gas (LNG) are roiling the global gas market, creating havoc as traders rush to find alternative locations for cargoes with Chinese buyers rejecting shipments amidst the coronavirus epidemic.

Asian spot prices …

Source: Houston Chronicle

Former Cheniere executive now at helm of LNG export project in Mexico

Houston Chronicle


Former Cheniere Energy executive Doug Shanda is now at the helm of a Houston company seeking to build an liquefied natural gas export terminal along the Pacific Coast of Mexico.

In a Monday morning statement, Houston liquefied natural …

February 3, 2020 - 3:30 pm Closing Bell Story‎, Energy News, LNG, Natural Gas News
Source: Houston Chronicle

Some LNG-powered ships are leaking powerful greenhouse gas

Houston Chronicle


One of the shipping industry’s great hopes for improving its environmental performance — engines powered by liquefied natural gas — won’t offer the benefits that many vessel owners are hoping for.

That’s the conclusion of a nonprofit that …

January 28, 2020 - 12:30 pm Closing Bell Story‎, Energy News, Marine Shipping
Source: Houston Chronicle

Global LNG poised for terrible year as new supply floods market

Houston Chronicle


Liquefied natural gas prices are poised to test record lows this year thanks to an onslaught of new supply and warmer winter temperatures curbing consumption.

The startup of new export projects from Australia to the U.S. has flooded …

Source: Houston Chronicle

Exporting natural gas creates carbon footprint rivaling that of coal, data shows

Houston Chronicle


In May, while President Donald Trump toured a new $10 billion plant designed to prepare natural gas for export, he made a vow. Such facilities would be good for the environment, he said, or they won’t get approved.…

January 23, 2020 - 11:00 am Closing Bell Story‎, Energy News, ESG, LNG, Natural Gas News
Source: Houston Chronicle

Magnolia LNG’s supply deal with Vietnam takes another step forward

Houston Chronicle


A liquefied natural gas supply deal between the proposed Magnolia LNG export terminal in Louisiana and the Vietnamese government took a major step forward.

 

In a Dec. 19 decision, the Vietnamese government added the Bac Lieu LNG-to-Power …

December 27, 2019 - 1:15 pm Closing Bell Story‎, Energy News, LNG
Photo: TechnipFMC

French half of TechnipFMC split reveals new company name

Houston Chronicle


Anticipated split will create two publicly traded companies.

The French half of Houston and Paris oil field service company TechnipFMC has revealed its new company name months ahead of an anticipated split that will create two publicly traded …

October 30, 2019 - 7:15 am Closing Bell Story‎, Energy News, LNG, Offshore, Oilfield Services
Photo: Melissa Phillip, Houston Chronicle / Staff Photographer

Sempra Energy, Mitsui enter deal for future expansions of two LNG export terminals

Houston Chronicle


San Diego utility company Sempra Energy and Japanese industrial conglomerate Mitsui & Co. have entered into a memorandum of understanding to expand a liquefied natural gas export terminal in Louisiana and another in Baja California.

The two companies …

October 28, 2019 - 7:45 am Closing Bell Story‎, Energy News, LNG
Novatek in talks on LNG transhipment after U.S. sanctions China COSCO tankers

Novatek in talks on LNG transhipment after U.S. sanctions China COSCO tankers

Source: Reuters:


Russia’s liquefied natural gas (LNG) producer Novatek is in talks to tranship its Yamal cargoes in Norway or Russia’s Murmansk because it is unsure of the impact of U.S. sanctions on the Chinese COSCO tankers it uses, …

October 8, 2019 - 9:52 am China, Closing Bell Story‎, Crude Oil News
Courtesy of Enbridge

Oil Services Firm TechnipFMC to Split Into Two Publicly Traded Companies

From Reuters


Franco-American oil services firm TechnipFMC Plc (FTI.N) said on Monday it would spin off its engineering and construction operations into a separate company, leaving it as a technology-focused equipment supplier to oil and gas companies.

TechnipFMC, which had …

An Oryx Midstream facility (source: Oryx Midstream Services)

Qatar May be Losing the Top Spot as World’s Biggest LNG Exporter

From CNBC


Qatar will lose its title as the world’s largest exporter of liquefied natural gas (LNG) within the next year, as Australia ramps up production on a slew of multi-billion dollar export projects.

“Australia and Qatar continued to jostle …

Trump Calls on U.S. Firms to Exit China as Trade War Escalates

Trump Calls on U.S. Firms to Exit China as Trade War Escalates

From Reuters


President Donald Trump on Friday pressured U.S. companies to leave China after Beijing unveiled retaliatory tariffs on $75 billion in U.S. goods, stoking fears their escalating trade war will tip the global economy into recession.

Trump, who has …

Source: Cameron LNG

Cameron LNG Commences Commercial Operations

By Tyler Losier, Energy Reporter, Oil & Gas 360

Train 1 of Sempra's Cameron LNG project commences commercial operations
Sempra LNG, a subsidiary of San Diego-based Sempra Energy (stock ticker: SRE), has begun commercial operations under tolling agreements at Train

UPDATE: Venture Global Announces Final Investment Decision for Calcasieu Pass LNG

UPDATE: Venture Global Announces Final Investment Decision for Calcasieu Pass LNG

UPDATE: Venture Global Announces Final Investment Decision and Financial Close for Calcasieu Pass LNG...

Source: Venture Global LNG

Venture Global Closes on Project Financing for Calcasieu Pass LNG

By Tyler Losier, Energy Reporter, Oil & Gas 360

Proceeds from Venture Global’s debt and equity financing will fully fund the construction and commissioning of its Calcasieu Pass LNG facility
Venture Global LNG Inc., headquartered in Arlington, Virginia, has closed

Source: Cameron LNG Media Kit

LNG Takes up 7 Percent U.S. Gas Production in July

From The Houston Chronicle


U.S. LNG exports have expanded to the point they made up 7 percent of total U.S. natural gas production in July, the Energy Information Administration reported Monday.

Last month gas deliveries to LNG export facilities reached …

August 19, 2019 - 6:03 am Closing Bell Story‎, Energy News, LNG, Natural Gas News, Trade
Trade War Impasse Casts a ‘Dark Cloud’ Over Outlook for US Oil Shipments, Analysts Warn

Trade War Impasse Casts a ‘Dark Cloud’ Over Outlook for US Oil Shipments, Analysts Warn

From CNBC


An escalating trade war between the world’s two largest economies is negatively impacting the outlook for U.S. crude shipments, energy analysts have warned, amid fears that China could soon dramatically reduce its intake of American oil.

Trade tensions …

Australia Poised to Become World’s Largest LNG Exporter

Australia Poised to Become World’s Largest LNG Exporter

From The Houston Chronicle


Within the next 12 months Australia is likely to surpass Qatar as the world’s largest exporter of liquefied natural gas, the Energy Information Administration is forecasting.

Australian LNG capacity reached 11.4 billion cubic feet a day …

Chevron Starts Burying CO2 off Australia at Huge Gorgon Storage Project

Chevron Starts Burying CO2 off Australia at Huge Gorgon Storage Project

From Reuters


Chevron Corp (CVX.N) said on Thursday it has launched one of the world’s largest carbon capture and storage projects, injecting CO2 into a deep reservoir under an island off Western Australia at its Gorgon LNG project.

The carbon …

Japan LNG Buyers Talk Tough as Spot Prices Drop to 3-Year Lows

Japan LNG Buyers Talk Tough as Spot Prices Drop to 3-Year Lows

From Reuters


An inexorable decline in spot market prices for liquefied natural gas (LNG) is pushing utilities in Japan to be more aggressive in price reviews built into traditional long-term contracts linked to oil prices, lawyers and analysts said.

The …

GE’s Baker Hughes Beats Estimates on International Demand, LNG Drilling

GE’s Baker Hughes Beats Estimates on International Demand, LNG Drilling

From Reuters


General Electric Co’s oilfield services arm, Baker Hughes, beat quarterly profit estimates on Wednesday, driven by higher LNG drilling and demand for its oilfield services in international markets, sending its shares up nearly 6%.

Revenue in the oilfield …

Japan’s Osaka Gas to Acquire Haynesville Shale-Focused American E&P

Japan’s Osaka Gas to Acquire Haynesville Shale-Focused American E&P

By Tyler Losier, Energy Reporter, Oil & Gas 360

Japanese company Osaka Gas to acquire Texas-based Sabine Oil & Gas Corporation
Osaka Gas, a vertically integrated Japanese energy company, has entered into a definitive agreement with Houston-based Sabine Oil &

Excelerate Energy’s EXCALIBUR LNG carrier (source: PR Newswire)

YPF Partners with Excelerate on LNG Exports

By Tyler Losier, Energy Reporter, Oil & Gas 360

YPF S.A. reaches preliminary agreement with Excelerate Energy to charter LNG carrier
YPF S.A., the state-operated oil company of Argentina, has reached a preliminary agreement with Excelerate Energy, a U.S.-based LNG

Source: Wintershall Dea

Total Plans $5 Billion of Asset Sales to Future-Proof Business

From Reuters


French energy giant Total (TOTF.PA) will sell about $5 billion of assets, mostly from its exploration and production business as it sharpens its focus on low-breakeven projects that can weather weak oil prices, it said on …

Source: Freeport LNG

Freeport LNG Train 1 Reaches Final Commissioning Stage

By Tyler Losier, Energy Reporter, Oil & Gas 360

Facility will be able to produce a total of 2.2 Bcf per day upon completion
Train 1 of the Freeport LNG project, located on Quintana Island in Freeport, Texas, has reached