U.S. oil and gas giants’ profits skyrocket
U.S. oil and gas majors Chevron and ExxonMobil have revealed high profits in the third quarter of 2022 on a year-on-year basis, driven by elevated energy prices and growing demand for higher oil and gas production. Several European oil and gas producers, including France’s TotalEnergies, Norway’s Equinor and Aker BP along with
JAX LNG refuels Sakura Leader with LNG
North America’s clean fuel supplier JAX LNG has completed its first ship-to-ship liquefied natural gas (LNG) bunkering of NYK Line’s pure car and truck carrier (PCTC) Sakura Leader. The company, a joint venture between NorthStar Midstream and Pivotal LNG, said that the refueling operation marked the vessel’s first LNG bunkering in
TGE Marine’s fuel gas systems for Seaspan’s LNG bunker vessel trio
German fuel gas system provider TGE Marine has secured an order for the design and supply of the cargo handling- and fuel gas system for three liquefied natural gas (LNG) bunker vessels. As disclosed, the order was placed by Chinese shipyard Nantong CIMC Sinopacific Offshore & Engineering Co., which is building
High oil & gas production and prices lift Equinor’s profit
Norwegian state-owned energy giant Equinor has recorded “strong financial results” in the third quarter of 2022 thanks to increased output, primarily gas, and elevated energy prices due to the growing demand as a result of the global energy crisis. Equinor reported on Friday that it delivered adjusted earnings of $24.3 billion
ADNOC and OMV sign LNG supply deal for winter season 2023/2024
Austria’s integrated oil and gas company OMV and the Abu Dhabi National Oil Company (ADNOC) have signed a memorandum of understanding (MoU) to explore a new partnership in deliveries for liquefied natural gas (LNG). Under the MoU, OMV and ADNOC intend to explore a partnership in LNG supply to support
QatarEnergy and ExxonMobil agree to independently market Golden Pass LNG
QatarEnergy and ExxonMobil have agreed to independently market liquefied natural gas (LNG) produced at their joint venture Golden Pass LNG Terminal in Sabine Pass, Texas. As explained, the companies will better serve their downstream customers while meeting increased global demand. ExxonMobil affiliate ExxonMobil LNG Asia Pacific (EMLAP) has been provided
World’s 1st dual-fuel LNG battery hybrid PCTC named
Norwegian provider of shortsea RoRo transportation United European Car Carriers (UECC) has held a naming ceremony for its first dual-fuel LNG battery hybrid pure car and truck carrier (PCTC). As informed, the naming ceremony for the vessel Auto Advance took place at the Port of Zeebrugge – ICO Bastenaken Terminal
Lhyfe and Hexagon join forces for hydrogen distribution in Europe
French hydrogen producer Lhyfe and Norwegian hydrogen systems supplier Hexagon Purus have entered into commercial cooperation for the distribution of green and renewable hydrogen in Europe. As part of the deal, the parties agreed to cooperate on the delivery of Hexagon Purus’ type 4 hydrogen distribution systems. In return, Lhyfe will
TotalEnergies’ profit soars on high gas prices
French-headquartered energy giant TotalEnergies has strengthened its balance sheet and doubled its profit in the third quarter of 2022 on a year-on-year basis, driven by its LNG business and higher gas prices due to the Ukraine crisis. TotalEnergies revealed on Thursday that it recorded a net income of $9.9 billion