Post Tagged with: "LNG"

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

EcoStim Energy Solutions provides completion and stimulation services in Argentina's Vaca Muerta shale play.

Seasonal Demand Patterns Give Argentinian LNG a Unique Opportunity

By Tyler Losier, Energy Reporter, Oil & Gas 360

Vaca Muerta production growth leads to LNG exports
In the past few years, Argentina’s natural gas production has been steadily rising, mainly due to an increased focus on the Vaca Mueta

Source: Bloomberg

Tropical Storm Barry Puts 70% of Newly Minted U.S. LNG Capacity at Risk

From Bloomberg


Sabine Pass, Cameron terminals may be in Barry’s path, U.S. natural gas exports have soared amid shale boom

Tropical Storm Barry is highlighting the risks that Gulf of Mexico storms pose to America’s newly expanded liquefied natural gas …

Source: Royal Dutch Shell

Total Invests $500 Million in Tellurian, Enters Into LNG SPA

By Tyler Losier, Energy Reporter, Oil & Gas 360

Total commits to purchasing an aggregate of 2.5 Mtpa
Total S.A. (stock ticker: TOT), through its subsidiaries Total Delaware and Total Gas & Power North America, has entered into a definitive

Oil & Gas 360 - France’s Total and Sempra Energy Sign North America LNG Deal

Sempra’s New VP Talks LNG – an Oil & Gas 360 Exclusive

By Tyler Losier, Energy Reporter, Oil & Gas 360

Sempra names Brian L. Kelly VP of federal government affairs
Sempra Energy (stock ticker: SRE), an energy infrastructure company with an increasingly prevalent foothold in the LNG business, has appointed Brian

Source: Bechtel

First Cargo Delivered from Corpus Christi LNG Facility

By Tyler Losier, Energy Reporter, Oil & Gas 360

Bechtel and Cheniere deliver seventh LNG train since 2015
Cheniere Energy’s Corpus Christi Liquefication export terminal, built by construction and project management company Bechtel, has delivered its first commissioning cargo from

Source: Cameron LNG Media Kit

Sempra Energy Forges Agreement With McDermott And Chiyoda

Sempra Energy Media Statement On Cameron LNG Agreement With McDermott And Chiyoda

Source: Alaska Gasline Development Corporation

Draft EIS Released for $43 Billion Alaska LNG Project

By Tyler Losier, Energy Reporter, Oil & Gas 360

Alaska Gasline Development Corporation receives FERC input for large proposed gas export project
Last Friday, the Federal Energy Regulatory Commission (FERC) published its draft environmental impact statement (EIS) for Alaska Gasline

Source: Venture Global LNG

Venture Global LNG Raises $675 Million

By Tyler Losier, Energy Reporter, Oil & Gas 360

Funds to be used for the company’s Plaquemines LNG export project
Venture Global LNG, Inc., headquartered in Arlington, Virginia, has raised $675 million of additional capital from a variety of institutional

Source: Woodfibre LNG

Canadian LNG Company Signs SPA with BP

By Tyler Losier, Energy Reporter, Oil & Gas 360

Woodfibre LNG to deliver 0.75 Mtpa over 15-year period
Woodfibre LNG, a wholly owned subsidiary of Pacific Oil & Gas Limited, has signed a binding sales and purchase agreement with BP

EcoStim Energy Solutions provides completion and stimulation services in Argentina's Vaca Muerta shale play.

The Dead Cow Finally Produces Oil, a Century After Its Discovery

From Bloomberg


Argentine shale formation sees first crude and LNG shipments, drillers still face many infrastructure, political challenges

Along the western edge of Argentina’s Patagonia, on an arid steppe nestled against the Andes mountains, lies a shale formation known as …

Global LNG Producers See Cost Risks Looming Over Coming Wave of Projects

Global LNG Producers See Cost Risks Looming Over Coming Wave of Projects

From Reuters Africa

* Race on to sanction $200-bln worth of new projects

* Cost control key to competing with cheap U.S. gas

* Santos targets $7-$9/mmBtu LNG delivered to Asia

SYDNEY, June 20 (Reuters) – Construction delays and cost …

June 21, 2019 - 5:03 am Closing Bell Story‎, Natural Gas News
Source: Gazprom. LNG Tanker

Anadarko Announces Mozambique LNG Final Investment Decision

Anadarko Announces Mozambique LNG Final Investment Decision

NextDecade Gets New SVP of Finance

NextDecade Gets New SVP of Finance

Brent Wahl Joins NextDecade as SVP of Finance

The Port Arthur facility (Source: Howard Energy Partners/Business Wire)

Port Arthur, Corpus Christi Terminals Get an Upgrade

By Tyler Losier, Energy Reporter, Oil & Gas 360

Howard Energy Partners completes expansion of Port Arthur and Corpus Christi terminals
This week, Howard Energy Partners (HEP) announced the completion of two expansion projects at its Port Arthur and Corpus