zoomIllustration purposes only (Image courtesy of Transnet) South Africa’s state-run logistics company Transnet has entered into a cost-sharing agreement with IFC, a member of the World Bank Group, for a Port of Richards Bay LNG import terminal feasibility study. The study will look into the development of a liquefied natural
zoomIllustration purposes only (Image courtesy of Kosmos Energy) Dallas-based Kosmos Energy said it expects to reach an agreement on the sell-down of its position in Mauritania and Senegal region to 10 percent by year-end. The company started the formal process to sell down its position in Mauritania and Senegal to
Image courtesy of Peru LNG Exports from the Peruvian liquefied natural gas (LNG) facility in Pampa Melchorita recovered in July following only two cargoes exported in June but fell compared to the corresponding month last year. Data from the state-owned Perupetro shows that five vessels departed the facility, with volumes
zoomImage courtesy of Total The government of Papua New Guinea has agreed in principle to support the Papua LNG gas agreement. However, the government is reserving rights to discuss a shortlist of matters with the developers. The Papua LNG gas agreement, signed by all joint venture parties, Total (operator), ExxonMobil
Image courtesy of Golar LNG Partners Golar, Exmar running for Leviathan FLNG job Delek Drilling, a unit of the Delek Group, said that Leviathan gas field partners have signed deals with Exmar and Golar LNG to explore the potential of developing a floating LNG facility. U.S. Department of Energy approves
zoomImage courtesy of Chevron Chevron, the US-based energy company and the operator of the giant Gorgon and Wheatstone LNG projects in Australia, reported a jump in profit in the second quarter of the year. The company reported a profit of $4.3 billion, which compares to $3.4 billion in the corresponding
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
