Image courtesy of Sempra Energy San Diego-based energy company and LNG operator Sempra Energy swung back to profit in the second quarter of 2019. The company reported second-quarter 2019 earnings of $354 million which compares to $561 million loss in the corresponding quarter last year. Sempra added that it expects
Image courtesy of Awilco LNG Norwegian LNG transportation provider Awilco agreed and signed a term sheet for the financing of its two liquefied natural gas carriers with an Asia-based company. Awilco noted in its statement that the refinancing for the two 2013-built 156,000-cbm TFDEs WilForce and WilPride, has been structured
Image courtesy of ExxonMobil US energy giant ExxonMobil’s profit tumbled 21 percent in the second quarter of the year as natural gas prices declined. The company reported a profit of $3.1 billion, compared to $3.9 billion in the corresponding quarter last year. Oil-equivalent production was 3.9 million barrels per day,
Image courtesy of Novatek Italian oil and gas industry contractor Saipem has reached an agreement with Technip France SA and NIPIgaspererabotka to participate in the joint venture for the realization of the Arctic LNG 2 project. Saipem said on Friday that the contract would be executed under lump sum and
zoomImage courtesy of Fluxys Belgium – P. Henderyckx The Fluxys-operated Zeebrugge liquefied natural gas terminal in Belgium is set to receive a couple of Qatari cargoes and could accommodate a Yamal LNG cargo transshipment. According to the Port of Zeebrugge shipping data, the first cargo is scheduled for delivery on
Image courtesy of Cheniere Liquefied natural gas exports from the U.S. increased over the last week, according to data from the Energy Information Administration (EIA). EIA stated in its weekly report that eleven LNG vessels, six from Sabine Pass, three from Corpus Christi, and two from Cove Point departed from
zoomImage courtesy of Gazprom Russian giant Gazprom said its natural gas production during the first seven months of the year has reached 294.5 billion cubic meters. This is the largest amount of gas produced during the January-July period since 2011, a 1.9 percent increase or 5.6 billion cubic meters when
Image courtesy of Santos Australian LNG player Santos and Perdaman signed a heads of agreement for the further study and design of Perdaman’s new ammonia production facility using Narrabri natural gas. In February Santos and Perdaman signed a non-binding agreement for the supply of 14.5PJ of natural gas per annum
Image courtesy of GasLog Monaco-based LNG shipper GasLog has taken delivery of its first 180,000-cbm liquefied natural gas carrier, GasLog Warsaw from the South Korean shipbuilder Samsung Heavy Industries. The shipper, through a brief statement on its social media, that the vessel is its first with a 0.07 percent boil-off