zoomImage courtesy of GasLog Monaco-based LNG shipper GasLog plunged to a $26 million loss in the second quarter as shipping rates dropped. The company noted in its report that the $26 million loss, which compares to a $3.6 million loss in the corresponding loss last year, resulted from the unfavorable
Image courtesy of Donggi Senoro LNG Indonesia’s Donggi Senoro liquefied natural gas project at Banggai Regency of Central Sulawesi Province could cut its output for the current year. DSLNG’s director Kurniawan Rahardjo was reported by Reuters as saying that the initial estimate for 2019 was at 43 cargoes, however, the
zoomImage courtesy of Teekay LNG Teekay LNG Partners, one of the world’s largest owners of LNG carriers, reported a rising profit for the second quarter of the year. Net income for the second quarter reached $16.4 million, which compares to a profit of $2.7 million in the corresponding quarter in
zoomImage courtesy of Kinder Morgan The U.S. Department of Energy’s (DOE) Office of Fossil Energy has issued an order approving exports from the Gulf LNG liquefaction project located in Jackson County, Mississippi. The Gulf LNG Liquefaction Project will be built at the site of the Gulf LNG Terminal, an existing
zoomImage courtesy of Shell The Hague-based LNG giant Shell saw its second-quarter net profit drop on lower realized oil, gas and LNG prices. The company reported a net profit of $3.5 billion for the second quarter of 2019, 42 percent below the figures reported in the corresponding quarter of 2018.
zoomImage courtesy Strike Energy Australia’s Strike Energy said its joint venture with Warrego made a gas discovery in the Wagina sandstone as part of the West Erregulla-2 drilling campaign. The Wagina sandstone was found to be ~74 meters plus in thickness and made up of sections of clean sand with