zoomIllustration purposes only (Image courtesy of Woodside) The Australian government is making changes to the Petroleum Resource Rent Tax (PRRT) expecting to raise A$6 billion ($4.32 billion) over the next decade. The government sees the oil and gas industry is a valuable economic contributor, recording nearly $40 billion in export earnings
TMS Cardiff Gas orders LNG pair at Samsung Heavy
TMS Cardiff Gas’ LNG carrier Palu (Image courtesy of TMS Cardiff Gas) Greece-based LNG tanker operator TMS Cardiff Gas ordered two new liquefied natural gas newbuilds to further expand its fleet. The company placed the order for the LNG carrier duo at the South Korean Samsung Heavy Industries shipyard, according to
Sempra Energy, Total in North American LNG partnership
zoomImage courtesy of Energia Costa Azul (ECA) LNG San Diego-based Sempra Energy and France’s Total signed a memorandum of understanding to join forces on the development of North American liquefied natural gas (LNG) export projects. The scope of the memorandum covers continuing development of the Cameron LNG liquefaction-export project in
Dutch PitPoint.LNG to open German LNG bunkering station by Q2 2019
zoomFor illustration purposes only (Image courtesy of PitPoint.LNG) Dutch PitPoint.LNG said it plans to open its planned liquefied natural gas (LNG) bunkering station in the German port of Cologne by the second quarter of 2019. To remind, PitPoint.LNG, which is a joint venture formed by Dutch duo PitPoint clean fuels and Primagaz
Petronas completes 1st Bintulu LNG commercial cool-down service
Image courtesy of Petronas Malaysian energy giant Petronas said on Monday it has completed its first commercial gassing up and cooling down services at its Bintulu LNG complex in Sarawak. The operation, which includes cooling down an LNG carrier’s tanks to cryogenic temperature after dry-docking and before loading its next
Top news of the week Oct. 29-Nov. 3
Image courtesy of Cheniere Philippines short-lists companies for $2 bln LNG project The Philippines has set up a short list of companies fit to build and operate the country’s first LNG import terminal valued at $2 billion. McDermott to partner with Saipem on Rio Grande LNG bid McDermott International on Monday
Titan bunkers DEME’s LNG dredger at German Mukran Port
Image courtesy of Titan LNG Titan LNG, the service supplier of liquefied natural gas, completed the first LNG bunkering operation at Mukran Port on the island of Rügen in the Baltic Sea. A total of seven trucks delivered LNG as fuel for DEME’s liquefied natural gas-fueled trailing suction hopper dredger Scheldt River, the
Chevron’s earnings up on record production, higher prices
zoomImage courtesy of Chevron Chevron, the US-based energy company and the operator of the giant Gorgon and Wheatstone LNG projects in Australia, saw its earnings double during the third quarter of 2018. The company reported earnings of $4 billion compared to $2 billion in the third quarter of 2017. “Third quarter earnings more than doubled
ExxonMobil third-quarter profit jumps
Illustration purposes only (Image courtesy of ExxonMobil) US energy giant ExxonMobil reported a significant jump in third-quarter earnings that reached $6.2 billion, 58 percent above the $4 billion reported in 2017. The company’s revenue also moved up 25.4 percent reaching $76.6 billion, compared to the $61.1 billion reported in the
Sempra kicks off Cameron LNG Train 1 commissioning
zoomImage courtesy of Sempra Energy San Diego-based Sempra Energy said that Cameron LNG has initiated the commissioning process for the support facilities and first liquefaction train of Phase 1 of its Hackberry, Louisiana, liquefaction-export project. Phase 1 of the Cameron LNG liquefaction-export project, which includes the first three liquefaction trains,