management
WGLC 2024 opens with strong call for women’s leadership in energy
The 20th annual Women’s Global Leadership Conference in Energy (WGLC) kicked off with a powerful opening session led by Alexandra “Alie” Pruner, Senior Advisor at Perella Weinberg Partners/TPH&Co.
Crown LNG rushing to develop and start building US LNG plant while Trump in office
Crown LNG is racing against time to develop and start construction of a 9-MMtpy LNG export plant in the U.S. before President-elect Donald Trump's second term ends in 2029. "We were sincerely hoping that he (Trump) would be there to support the industry because certainly the old administration was against it, quite simply," CEO Swapan Kataria said.
ADNOC Gas signs 10-yr LNG SPA with India’s GAIL
ADNOC Gas has signed a 10-yr Sales and Purchase Agreement (SPA) with GAIL India Limited to supply up to 520,000 tpy LNG, starting in 2026. The SPA converts the previous Heads of Agreement between ADNOC Gas and GAIL, announced in January, into a definitive agreement.
ADNOC GAS to acquire 60% of Ruwais LNG from ADNOC, valued at $5 B
ADNOC Gas expects ADNOC to transfer its 60% share of the Ruwais LNG Project to the company at cost - estimated to be around $5 B - in the second half of 2028.
China's Sinopec signs agreement for 15-yr LNG deal with TotalEnergies
China's state oil and gas major Sinopec Corp said it has signed Heads of Agreement to buy from TotalEnergies 2 MMtpy of LNG a year for 15 yrs starting 2028.
ADNOC, AIQ developing first-of-a-kind agentic AI solution for global energy transformation
ENERGYai will combine large language model technology with cutting-edge ‘agentic’ AI – AI ‘agents’ that are trained in specific tasks across ADNOC’s value chain. These specialized AI agents bring a new level of autonomy and precision to critical tasks, from seismic analysis to energy efficiency and real-time process monitoring.
JPMorgan looks to resume trading physical LNG
JPMorgan Chase is in talks to resume trading physical LNG after more than a decade. The bank has had talks with at least three projects under development in the Gulf Coast to get a long-term LNG supply.
Proven methods to lower costs and boost safety in gas distribution operations
Gas distribution systems exist in a multitude of applications. A crucial element of proper system function is ensuring gases are transported safely, keeping critical processes in place. This article details proven methods to lower costs and boost safety in gas distribution systems.
bp's head of LNG trading to leave at year-end
bp's head of liquefied natural gas LNG trading, Jonty Shepard, will be leaving the company at the end of the year.
Gulf Energy Information's WGLC celebrates 20 years
Gulf Energy Information (Gulf) is proud to host the 20th annual Women's Global Leadership Conference in Energy (WGLC), taking place November 19-20, 2024, at the Marriott Marquis, Houston, Texas.
Greek shipowners take $18-B gas gamble on LNG and LPG vessels
Greek shipowners have spent an unprecedented $18-B on newbuild gas vessels since 2021 as companies diversify their portfolios away from traditional tanker, bulker and container asset classes
NDT Global partners with Aramco to launch 56" ultrasonic inspection tool
NDT Global launched a 56" ultrasonic inline inspection tool, developed in collaboration to meet the inspection requirements of integrated oil and gas company Aramco.
Norway's Equinor remains committed to $40-B Tanzania LNG project
Norway's Equinor remains committed to a $42-B LNG project in Tanzania that has stalled after proposed government changes to a financial agreement reached last year.
Glencore signs offtake deal with KTG and Commonwealth LNG
Kimmeridge Texas Gas and Commonwealth LNG have entered into a Heads of Terms agreement with Glencore LTD, where Glencore will purchase 2 MMtpy of LNG for 20 yrs from Commonwealth, as well as equivalent natural gas supply from KTG under a netback agreement at international prices.
LNG contracting off to a great start in 2024
Long-term LNG contracting activity is off to a strong start in 2024. Since the beginning of the year, 58 MMtpy of LNG SPAs (sales purchase agreements), capacity agreements and Heads of Agreements (HOAs) have been signed. This follows over 94 MMtpy of new LNG SPAs and HOAs agreed upon last year.
Saudi Aramco wants to be a major LNG gas player, gas chief says
The world's largest oil producer, Saudi Aramco, wants to become a major LNG player, the head of its natural gas business said on Tuesday.
Höegh LNG announces name change to Höegh Evi
Standing for “energy vector infrastructure,” the name Evi reflects the recent expansion of Hoegh's focus beyond LNG import terminals to encompass innovative and tangible clean energy solutions-the company is accelerating the energy transition with floating infrastructure for ammonia and hydrogen, as well as carbon transport and storage, in addition to LNG.
NextDecade to fight appeals court delay to its $18.4-B LNG plant
NextDecade will appeal a federal court ruling that overturned the Federal Energy Regulatory Commission's approval of the initial phase of its $18.4-B Rio Grande LNG project, CEO Matthew Schatzman said.
AIChE and IChemE sign MoU to strengthen international STEM talent pool
The American Institute of Chemical Engineers (AIChE) and the Institution of Chemical Engineers (IChemE)—two professional societies dedicated to advancing the application of chemical engineering expertise internationally—have signed a Memorandum of Understanding (MoU) to further collaboration for the benefit of chemical and process engineering and society as a whole.
LNG entities under U.S. sanctions to curb Russia's Arctic LNG 2 project
The U.S. has imposed sanctions on hundreds of entities and individuals for supporting Russia's war effort in Ukraine, including companies supporting the development of Russia's Arctic LNG 2 project and its shipment of LNG, as well as other future energy projects.
Poland's Orlen signs Lithuania deal to boost LNG deliveries
Polish refiner Orlen signed a five-year agreement with Lithuanian oil and gas logistics firm KN Energies for exclusive use of a waterfront LNG transshipment station in Klaipeda.
Golden Pass LNG asks U.S. regulator for 3-yr extension to complete construction
The developer of a Texas liquefied natural gas export project on Wednesday asked U.S. regulators for a three-year extension to complete construction of the $10-B Golden Pass LNG project, citing scheduling uncertainties. Golden Pass LNG, a joint venture of QatarEnergy and ExxonMobil building an 18-MMtpy LNG export project on the Texas coast, wrote that a change in primary contractors requires an extension until November 2029.
ONEOK to acquire Medallion and controlling interest in EnLink for $5.9 B
ONEOK announced that it has executed a definitive agreement with Global Infrastructure Partners under which ONEOK will acquire interest in EnLink Midstream and Medallion Midstream for nearly $6 B.
Mexico Pacific announces long-term LNG SPA with POSCO International
Mexico Pacific, owner of the Saguaro Energía LNG facility and associated Sierra Madre Pipeline, announced that it has signed a sales and purchase agreement of 700,000 tpy of LNG with POSCO International Corporation.
Nu:ionic Technologies (Canada), HybriGenix Futures to collaborate on hydrogen production facility in Canada
Nu:ionic Technologies (Canada), Inc. and HybriGenix Futures Inc. announced the signing of a Memorandum of Understanding (MOU) to collaborate on an innovative clean power and hydrogen production facility in Alberta, Canada.
ADNOC deploys pioneering AI-enabled process optimization technology
Following successful initial operations, ADNOC announced the deployment of an industry leading artificial intelligence (AI)-enabled process optimization technology--Neuron 5--across all ADNOC facilities across thousands of critical pieces of equipment essential for production, including compressors, valves and generators.
Amigo LNG secures supply agreement with E&H Energy
Amigo LNG announced that it has entered into a long-term LNG supply agreement with E&H ENERGY SDN BHD of Malaysia.
New research reveals increasing strategic importance of maintenance in oil and gas industry operations
Jotun has published a new report, derived from a survey of over 1,000 senior professionals, showing that 88% of respondents anticipate an increase in maintenance budgets over the next five years and 75% say that the requirement to report on environmental performance has led to increased investment in maintenance.
Pier Solutions, H2scan announce partnership for market-leading hydrogen sensors and technology
Pier Solutions has announced a strategic partnership with H2scan. The new collaboration brings revolutionary hydrogen sensor technology to Europe for the first time allowing Pier Solutions to be a key part of expanding H2scans global reach.
Enterprise to acquire Piñon Midstream for $950 MM
Enterprise Products Partners L.P. and Piñon Midstream announced that Enterprise’s affiliate has entered into a definitive agreement to acquire Piñon Midstream in a debt-free transaction for $950 MM in cash consideration.
- Japan's Mitsubishi to acquire stake in Petronas LNG plant
- McDermott awarded Rovuma LNG Phase 1 FEED contract in Mozambique
- Wood leads industry project to accelerate CCUS with guidelines for CO2 specifications
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Sonatrach, Saudi Aramco raise prices for LPG by 3%–4% in October
- Amarinth secures $1-MM order of API 610 pumps for Coral North FLNG project in Mozambique
