zoomImage courtesy of TechnipFMC LNG engineer TechnipFMC reported a drop in net profit for the second quarter of the year as it received record inbound orders boosted by LNG contracts. The company’s profit reached $97 million, 8.2 percent below the $105.7 million reported in the corresponding quarter last year, the
Illustration; Image courtesy of Total French energy major Total, the Republic of Benin, and its national power utility Société Béninoise d’Energie Electrique (SBEE) have signed a gas supply agreement and an agreement to develop a floating LNG import terminal in the country. Total said on Tuesday that the agreements entailed
zoomIllustration purposes only (Image courtesy of Tenaris) U.S. oil and gas company Noble Energy has chosen the tubes supplier Tenaris for the construction of the Alen gas monetization project offshore pipeline in Equatorial Guinea. This 70 km pipeline will be constructed to transport natural gas from the Alen offshore platform
Image courtesy of garamendi.house.gov The Energizing American Shipbuilding Act, a measure to boost the shipbuilding industry of the United States has received bipartisan support. The act that requires U.S.-crewed, U.S.-built, U.S.-flagged tankers to move 15 percent of the country’s seaborne liquefied natural gas (LNG) exports by 2041 and 10 percent
zoomImage courtesy of Novatek Novatek, Russia’s largest private gas producer, reported a jump in profit for the second quarter of the year. The company reported a net profit of 69.2 billion Russian rubles ($1 billion) for the quarter and 451 billion Russian rubles ($7.1 billion) for the first half of
zoomPort of Newcastle; Image courtesy of EPIK South Korea’s EPIK, developer of the Newcastle GasDock LNG terminal in New South Wales, Australia, has engaged Wood Mackenzie to conduct the analysis of the southeast Australian gas market. The analysis is to be conducted in parallel with EPIK’s commercial efforts seeking terminal
zoomImage courtesy of Port of Tacoma The Puyallup Tribal Council has rejected the Puget Sound Clean Air Agency’s preliminary determination to issue permits to the liquefied natural gas (LNG) proposal in Tacoma. The agency completed the review of Puget Sound Energy’s Tacoma LNG application and made a preliminary determination that
Illustration purposes only (Image courtesy of Shell) Shell’s Prelude FLNG facility located 475 km North-East of Broome in Western Australia shipped its first cargo of LPG. Inpex spokesperson confirmed the LPG cargo shipment to Platts without providing further details. According to the shipping data provided by VesselsValue, the cargo vas
zoomImage courtesy of Torgy China’s Bluesol has acquired the Norwegian LNG containment and fuel gas supply systems provider, Torgy LNG, marking its entry into the market. Bluesoul has acquired Torgy’s assets, people and customer contracts and the merged business will continue to operate under the Torgy brand, Torgy LNG said
FERC Headquarters in Washington; Author: Ryan McKnight; Source: Wikimedia – under the CC BY 2.0 license The United States Federal Energy Regulatory Commission (FERC) has created a new division to accommodate the growing number of applications to site, build, and operate LNG export terminals. FERC said on Tuesday that the
Image courtesy of Woodside Australian LNG player Woodside Energy has entered into a long-term gas sale and purchase agreement with Worsley Alumina joint venture for the supply of approximately 40 PJ of pipeline gas. Woodside said on Wednesday that the gas was being supplied to the joint venture from Woodside’s
For illustration purposes only (Image courtesy of Kogas) South Korean LNG importing giant Kogas and Energy Capital Vietnam (ECV) have entered into a memorandum of understanding (MOU) for the development of a privately-funded LNG regasification terminal in Vietnam. ECV said on Tuesday that the MOU also covers the development of