Peter Botten (Image courtesy of Oil Search) The Papua New Guinea-focused oil and gas producer and PNG LNG stakeholder, Oil Search named its new managing director following Peter Botten’s decision to retire from the company on August 25. The company said that Botten will be succeeded as managing director by
Vladimir Voronin; Image courtesy of Teekay After the U.S. put sanctions on two units of Chinese shipper COSCO for allegedly carrying Iranian crude oil, Russia’s Novatek stated that these sanctions would not hinder Yamal LNG supplies. Namely, Teekay LNG’s shipping joint venture in Russia was blocked due to its ties
zoomImage courtesy of Sempra Energy San Diego-based energy company and LNG operator Sempra Energy has agreed a $3.59 billion sale of its Peruvian business and signed an LNG supply memorandum of understanding with a Chinese partner. Sempra Energy has entered into an agreement to sell its equity interests in its
zoomIllustration purposes only (Image courtesy of Höegh LNG) Traders Glencore and Socar Trading have executed the first Spark LNG freight swap against Spark Commodities’ Spark25 Pacific based assessment. The agreement was executed in a bilateral trade arranged by Affinity Financial Products. In response to a strong market demand for tools
Image courtesy of Sabine Pass LNG UK’s Centrica said it has loaded its first liquified natural gas cargo from the fifth LNG train at the Sabine Pass liquefaction plant in Louisiana under the agreement signed in 2013 with Cheniere Energy Partners. The gas was loaded onto the GasLog chartered Skagen
Image courtesy of MOL Asia’s largest LNG bunkering vessel has reached its first milestone with the strike steel ceremony held at the Sembcorp Marine’s shipyard. A company official at Pavilion Energy, the Temasek-owned company, that has placed the order for the vessel, said the first milestone has been reached after
Image courtesy of EXIM The Export-Import Bank of the United States (EXIM) has authorized a direct loan of up to $5 billion to support the export of U.S. goods and services for the development and construction of an integrated LNG project located in Mozambique. EXIM’s financing will support U.S. exports
The Australia Pacific LNG facility on Curtis Island (Image courtesy of ConocoPhillips) Australia Pacific LNG will supply an additional 61 petajoules (PJ) of natural gas to the Australian domestic market after reaching a new gas sales agreement with Origin Energy for 2020 and 2021. Australia Pacific LNG CEO Warwick King
Image courtesy of Excelerate Energy Excelerate Energy and Maran Gas Maritime have signed a five-year bareboat charter agreement (BBC) for the floating storage regasification unit (FSRU) hull 2477. During the five-year BBC Excelerate will have the option to purchase Hull 2477, the company said in its statement. Maran Gas Maritime
zoomImage courtesy of Dynagas LNG Partners Dynagas LNG Partners, a limited partnership formed by the Greek shipowner Dynagas, reported mixed results for the second quarter and first half of the year 2019. The partnership reported a net profit of $932,000 for the second quarter, up from $351,000 in the corresponding
Image courtesy of LNG Limited The U.S. Federal Energy Regulatory Commission (FERC) issued the draft supplemental environmental impact statement (DEIS) for the production capacity amendment to LNGL’s Magnolia LNG project on September 27, 2019. LNGL said on Monday that Magnolia LNG’s production capacity amendment, filed with FERC on November 19,
zoomImage courtesy of Anadarko French oil and gas major Total has closed the acquisition of Anadarko’s 26.5 percent operated interest in the Mozambique LNG project for a purchase price of $3.9 billion. This closing comes after Total reached a binding agreement with Occidental on May 3, 2019, to acquire Anadarko’s