Image courtesy of Sempra Energy San Diego-based energy company and LNG operator Sempra Energy reported a slide in its first-quarter earnings due to higher financing costs at the parent company. The first-quarter earnings were at $347 million compared to $441 million in the corresponding period last year. The company’s revenues
zoomHambantota Port (Image courtesy of Sri Lanka ports Authority) Sri Lanka’s Board of Investment approved a $500 million investment in a liquefied natural gas (LNG) plant to be developed in Hambantota by China Machinery Energy Corporation. A total of $1 billion worth of projects was approved by the Sri Lanka
Image courtesy of Oil Search Papua New Guinea LNG export facility, operated by the US energy giant ExxonMobil, is reportedly offering two cargoes loading in May and June. Citing industry sources, Reuters reports the two LNG cargoes are being offered on a delivered ex-ship (DES) basis, at the end of
Image courtesy of Chevron Chevron to shut 2nd Gorgon LNG train in May US-based energy major Chevron plans to close in May the second production train at its giant Gorgon liquefied natural gas (LNG) plant on Barrow Island in Western Australia. Fluor-JGC joint venture wins LNG Canada EPC job Fluor Corporation
zoomImage courtesy of GasLog Monaco-based LNG shipper GasLog’s profit in the first quarter more than doubled during the first quarter of 2018 compared to the first quarter of 2017. Profit attributable to the owners of GasLog was $19.3 million for the quarter ended March 31, 2018, compared to $8.8 million in the corresponding
zoomImage courtesy of Jumbo Offshore Jumbo Offshore, the heavy lift specialist, said it has completed the work on the Moheskhali floating liquefied natural gas (LNG) import terminal in Bangladesh. The company was contracted by Geocean in 2017 to transport and install the mooring system for the FSRU, Jumbo said in its
Image courtesy of Jordan Cove LNG Pembina Pipeline Corporation, one of Canada’s largest energy infrastructure companies, said Thursday it was moving forward with the planned Jordan Cove liquefied natural gas (LNG) export project in the US. Pembina said in its first-quarter report it also continued to progress the related Pacific Connector
zoomImage courtesy of Gastrade Greek state-run DEPA signed a deal with the compatriot utility Gastrade to participate in the market test to be carried out in the coming months for the LNG terminal project in Northern Greece. The agreement is following up on the cooperation deal that ensured Depa’s participation in the Alexandroupolis FSRU project
zoomFor illustration purposes only (Image courtesy of Tokyo Gas) Asian spot prices for liquefied natural gas (LNG) reportedly remained firm over the past week, supported by strong oil and coal markets. Asian LNG prices for delivery in June LNG-AS were at $8.1 per million British thermal units (mmBtu), up 15 cents
zoomImage courtesy of MHB LNG carrier repair specialist Malaysia Marine and Heavy Engineering’s (MHB) pre-tax loss deepened in the first quarter of 2018, despite early signs of pick up in upstream and offshore activities. The company reported a pre-tax loss of 25.3 million Malaysian ringgit ($6.4 million) for the first
Image courtesy of Cheniere Liquefied natural gas (LNG) exports from the United States declined during the week ending May 2, the Energy Information Administration said in its weekly natural gas report. Five LNG vessels with a combined capacity of 17.8 billion cubic feet (Bcf) have departed Cheniere Energy’s Sabine Pass