Press

Home » Press»Page 226

Tax reform boosts Chevron’s Q4 profit

2 Feb No Comments gregsamuel_e5x9azx4 LNG World News

Gorgon LNG plant (Image courtesy of Chevron) Chevron, the US-based energy company and the operator of the giant Gorgon and Wheatstone LNG projects in Australia, reported a surge in its fourth-quarter profit, mainly due to the recent U.S. tax reform. Chevron is the second US company, following ExxonMobil, to post a surge in its earnings on Friday due to benefits

ExxonMobil’s Q4 profit surges on tax cut

2 Feb No Comments gregsamuel_e5x9azx4 LNG World News

Darren W. Woods (Image courtesy of ExxonMobil) US-based energy giant ExxonMobil on Friday reported a surge in fourth-quarter profit due to a favorable impact from the recent U.S. tax reform as well as higher oil and gas prices. Net income spiked to $8.38 billion or $1.97 per share, up sharply

Peru LNG ships five cargoes in Jan

2 Feb No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Peru LNG The Peruvian liquefied natural gas (LNG) export facility at Pampa Melchorita shipped five cargoes of the fuel in January. According to the shipping data provided by the state-owned Perupetro, the five vessels in total loaded some 0.34 million tonnes. Two cargoes were shipped to Japan

Report: cold weather boosts Japan LNG imports to five-year high

2 Feb No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Tokyo Electric Japanese imports of liquefied natural gas (LNG) reportedly hit their highest in at least five years in January. Japan, the world’s largest LNG buyer, imported nearly 8.7 million tonnes last month, up 8 percent from December and the largest volume since at least January, 2013,

Pan Americas LNG carrier delivered, starts charter with Shell

2 Feb No Comments gregsamuel_e5x9azx4 LNG World News

LNG carrier Pan Americas (Image courtesy of Cosco Shipping) Chinese shipyard Hudong-Zhonghua Shipbuilding delivered this week to its owners the Pan Americas LNG carrier, the second of four vessels set to transport liquefied natural gas from the QCLNG project in Australia to China. The 174,000-cbm LNG carrier named Pan Americas

WoodMac: four trading houses shaking up the LNG industry

2 Feb No Comments gregsamuel_e5x9azx4 LNG World News

For illustration purposes only (Image courtesy of Wood Mackenzie) Four trading houses traded an impressive 9 percent of total liquefied natural gas (LNG) sold worldwide in 2017, according to a report by the research and consultancy group Wood Mackenzie. Trafigura, Vitol, Gunvor and Glencore are “dominating” the LNG trading landscape and these

ConocoPhillips back to profit in Q4

2 Feb No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of ConocoPhillips Houston-based energy company and LNG player, ConocoPhillips reported earnings of $1.6 billion in its fourth quarter of 2017, compared with a loss of $35 million in the same quarter a year before, as oil and gas prices rose. On a per-share basis, ConocoPhillips posted fourth-quarter net

Video: road to delivery of LNG carrier Patris

2 Feb No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of “K” Line LNG Shipping The 173,400-cbm liquefied natural gas (LNG) tanker Patris was recently delivered to its owners by shipbuilder Daewoo Shipbuilding & Marine Engineering in South Korea. The LNG vessel was ordered back in 2015 by a joint venture comprising of “K” Line LNG Shipping, a unit

US LNG exports rise on week

2 Feb No Comments gregsamuel_e5x9azx4 LNG World News

Sabine Pass cargo loading (Image courtesy of Cheniere) US exports of liquefied natural gas (LNG) produced from shale gas rose week-on-week, according to the weekly report by the Energy Information Administration. Five LNG vessels with a combined capacity of 18.4 billion cubic feet (Bcf) departed Cheniere’s Sabine Pass liquefaction facility

Chevron makes executive changes

2 Feb No Comments gregsamuel_e5x9azx4 LNG World News

For illustration purposes only (Image courtesy of Chevron) US energy giant and LNG player, Chevron said on Thursday it named Bruce Niemeyer corporate vice president of strategic planning. Niemeyer is currently vice president of Chevron’s mid-continent business unit. In his new role, Niemeyer, 56, will be responsible for setting the

Teekay takes delivery of its 1st Arctic LNG tanker

1 Feb No Comments gregsamuel_e5x9azx4 LNG World News

LNG newbuilding, Eduard Toll sailing through the Northern Sea Route (Image courtesy of Teekay LNG Partners) Teekay has taken the delivery of its first Arctic liquefied natural gas (LNG) carrier, the 172,000-cbm Eduard Toll. Eduard Toll is the fourth of 15 Arc7 LNG carriers being built for the Novatek-operated Yamal

© 2018 Lloyds Energy