Illustration purposes only (Image courtesy of ExxonMobil) US energy giant ExxonMobil reported a significant jump in third-quarter earnings that reached $6.2 billion, 58 percent above the $4 billion reported in 2017. The company’s revenue also moved up 25.4 percent reaching $76.6 billion, compared to the $61.1 billion reported in the
zoomImage courtesy of Sempra Energy San Diego-based Sempra Energy said that Cameron LNG has initiated the commissioning process for the support facilities and first liquefaction train of Phase 1 of its Hackberry, Louisiana, liquefaction-export project. Phase 1 of the Cameron LNG liquefaction-export project, which includes the first three liquefaction trains,
zoomImage courtesy of Iran LNG Iran’s plans to set up a liquefied natural gas (LNG) export terminal have hit a roadblock impacted by the US sanctions. Speaking during an industry event in Singapore, Mostafa Sharif, general manager for market research and economic appraisal at National Iranian Gas Export Company said
zoomImage courtesy of Cheniere Liquefied natural gas (LNG) exports from the United States increased for the third week in a row with seven cargoes shipped in the week ending October 31. Data from the United States Energy Information Administration shows that seven LNG tankers left the two exporting facilities during
Image courtesy of Freeport LNG US LNG Export project developer, Tellurian, decided against buying out Toshiba’s 20-year LNG supply deal at the Freeport liquefied natural gas export facility under construction in Texas. Speaking to Reuters, the company’s co-founder and vice-chairman, Martin Houston said the opportunity did present itself for such
Terminal site rendering (Image courtesy of Jordan Cove LNG) Pembina, the Canadian energy infrastructure company, continues to progress its proposed Jordan Cove LNG project that will transport natural gas from the Malin Hub in southern Oregon to an export terminal. The company noted in its quarterly report that it has received a United States
Image courtesy of Bureau Veritas Singapore-based towage operator PSA Marine laid the keel for its LNG-fueled tug at the PaxOcean Shipyard. The 50-ton bollard pull vessel classed by Bureau Veritas has been designed by the Finnish technology group Wärtsilä. LNG-fuelled harbour tug is also in line with PSA Marine’s efforts to reduce
zoomImage courtesy of Fluxys Belgium – P. Henderyckx The Fluxys-operated Zeebrugge liquefied natural gas terminal in Belgium is set to receive a couple of cargoes from Qatar over the next two weeks. First of the two cargoes is being transported onboard Teekay’s 165,500-cbm LNG carrier Marib Spirit that departed Qatar on
Image courtesy of Sempra Energy US LNG player Sempra Energy on Friday said Bethany Mayer has been named to the newly created position, executive vice president of corporate development and technology for Sempra Energy. Mayer, currently an executive partner with Siris Capital Group, a New York-based private equity firm, will join Sempra Energy on November
zoomImage courtesy of GasLog Monaco-based LNG shipper GasLog reported a rise in profit during the third quarter of the year as the LNG shipping market tightened. The company posted an $18.2 million profit for the period under review, compared to the $5.3 million in the corresponding quarter last year. GasLog’s
zoomPaldiski South Harbour (Image courtesy of Tallinna Sadam) Tallinna Sadam and its Estonian compatriot Alexela Invest signed a memorandum of understanding to assess the potential of developing an LNG terminal in Paldiski. The two companies have agreed to seek best solutions for the development and implementation of LNG terminal and servicing
zoomGasLog Singapore (Image courtesy of GasLog) China’s Zhenhua Oil, a unit of Chinese defense conglomerate Norinco, has purchased its first liquefied natural gas (LNG) cargo from energy giant Chevron. The cargo, discharged at CNOOC’s Yuedong LNG terminal in Shenzhen, was sourced from the Australian Gorgon project operated by Chevron, according