natural gas
Vitol invests in future of LNG bunkering by securing three LNG bunkering vessels
Vitol has secured three LNG bunkering vessels. The vessels were secured via a 7 yr-10 yr time charter agreement with Avenir LNG Limited and CIMC Sinopacific Offshore & Engineering Co. Ltd shipyard in Nantong, China.
Tellurian closes $260-MM asset sell to help advance Driftwood LNG project
Tellurian Inc. announced that it has closed the previously reported sale of its integrated upstream assets for $260 MM to affiliates of Aethon Energy Management LLC, substantially strengthening its balance sheet as it advances the Driftwood LNG project.
US judge halts Biden administration's pause on LNG permits
A federal judge on Monday dealt President Joe Biden's climate agenda a setback by blocking the Democrat's administration from continuing to pause the approval of applications to export liquefied natural gas (LNG).
Europe gas prices tread water in lackluster market
Dutch and British wholesale gas prices were little changed on Tuesday amid tepid demand, stable supply of pipeline and liquefied natural gas (LNG) and plentiful storage levels.
Wood awarded concept study for Greater Sunrise LNG development
Wood will deliver a comprehensive concept study, considering engineering, technology, financing, commercial structures, fiscal, environmental, health & safety and socioeconomic drivers including local content.
US natgas prices ease to 6-week low on rising output, lower LNG feedgas
U.S. natural gas futures eased about 1% to a six-week low on rising output, forecasts for less demand over the next two weeks than previously expected due to lower liquefied natural gas (LNG) feedgas and an ongoing oversupply of gas in storage.
Aramco’s strategic gas expansion progresses with $25 B in contract awards
Aramco has awarded contracts worth more than $25 B to progress its strategic gas expansion, which targets sales gas production growth of more than 60% by 2030.
Norway's Vaar Energi extends gas delivery deal with ENI by 12 yr
Vaar Energi has extended an agreement to supply natural gas to Italy's ENI by 12 years. Vaar Energi will under the new deal deliver up to 5 Bm3 of natural gas between 2024 and 2036.
TES, Itochu Corp. team up for decarbonization efforts via e-NG
TES announced a strategic collaboration with Itochu Corporation aimed at driving forward the adoption of e-NG to decarbonize hard-to-abate sectors.
BKV sells new carbon-neutral natural gas product to Kiewit
BKV Corp. has signed a contract for the sale and purchase of carbon sequestered gas (CSG) with Kiewit Infrastructure South Co., a subsidiary of Kiewit Corp.
Fulcrum LNG to pair with McDermott, Baker Hughes for Guyana gas project
A proposed large natural gas project in Guyana by U.S. energy developer Fulcrum LNG includes partnerships with U.S. oil service company Baker Hughes and engineering firm McDermott.
Russia will start gas exports to China from far east in 2027
Russia's Gazprom will start annual pipeline gas exports to China of 10 Bm3 in 2027.
U.S. natgas prices climb 2% as heat wave boosts demand for cooling
U.S. natural gas futures climbed about 2% on Friday on forecasts for higher demand over the next two weeks than previously expected as power generators burn more gas to keep air conditioners humming during a brutal heat wave.
FERC approves Venture Global's 20-MMtpy CP2 LNG project in Louisiana (U.S.)
The U.S. Federal Energy Regulatory Commission approved Venture Global's CP2 LNG export terminal project in Cameron Parish, Louisiana (U.S.).
Baker Hughes awarded multi-year contract by Woodside Energy to support Australian LNG operations
Baker Hughes announced it has entered into a new 10-yr services frame agreement with Woodside Energy to support its LNG operations in Australia.
Cedar LNG announces positive FID on 3.3-MMtpy FLNG project
Cedar LNG announced a positive final investment decision on the 3.3-MMtpy FLNG facility in the traditional territory of the Haisla Nation on Canada’s West Coast.
Israel approves extra gas exports, Leviathan field to be expanded
The partners in Israel's Leviathan gas field said on Wednesday they planned to invest up to $500 MM to expand its capacity after the government approved the export of more natural gas from its offshore fields to boost the economy.
Russian court orders Italy's UniCredit to pay $480 MM over aborted gas project
A Russian court has ordered Italian bank UniCredit to pay €448.2 MM ($479.44 MM) in a lawsuit over an aborted gas project brought by St. Petersburg-based RusChemAlliance, a joint venture 50% owned by Russian gas giant Gazprom.
New DNV survey highlights oil and gas sector paradox
The latest DNV survey, “The Paradox of Petroleum—How the oil and gas sector is transforming through uncertainty,” gathered insights from nearly 450 senior oil and gas professionals to examine rapidly evolving trends and the near-term outlook for the sector.
Shell to build carbon capture and storage projects in Canada
Shell announced the final investment decision (FID) for Polaris, a carbon capture project at the Shell Energy and Chemicals Park, Scotford in Alberta, Canada. Polaris is designed to capture approximately 650,000 tpy of CO₂ from the Shell-owned Scotford refinery and chemicals complex.
Aramco and Sempra announce Heads of Agreement for equity and offtake from Port Arthur LNG Phase 2
Aramco and Sempra announced that their respective subsidiaries have executed a non-binding Heads of Agreement (HoA) for a 20-yr sale and purchase agreement (SPA) for LNG offtake of 5 MMtpy from the Port Arthur LNG Phase 2 expansion project.
Argent LNG signs lease for 20-MMtpy Port Fouchon LNG export terminal
Argent LNG announced the signing of a long-term lease agreement with the Greater Lafourche Port Commission, securing 144 acres of prime land at Port Fourchon, Louisiana (U.S.) for its 20-MMtpy LNG export terminal.
Summit Carbon Solutions granted approval by IUB for CO2 pipeline project
Summit Carbon Solutions is partnering with 57 ethanol plants in the U.S. to capture carbon dioxide from the fermentation process of biorefineries, such as ethanol plants, compress the captured CO2 and channel it to North Dakota where it will be permanently and safely stored underground in deep geologic storage locations.
IEEFA: LNG is not displacing coal in China’s transition to renewable power
Evidence from China, the world’s largest coal consumer, shows that LNG is unlikely to materially displace coal-fired power generation, according to the Institute for Energy Economics and Financial Analysis (IEEFA).
U.S. natgas prices slide 2% on rising output, lower demand forecasts
U.S. natural gas futures slid about 2% on Tuesday on a slow increase in output and forecasts for less demand over the next two weeks than previously expected, even as a brutal heat wave blankets much of the country.
Egypt needs to import $1.18 B in fuel, natural gas to end power cuts
Egypt needs to import around $1.18 B worth of mazut fuel oil and natural gas to end persistent power cuts exacerbated by consecutive heat waves.
China's Wison New Energies to quit Russian projects in blow to Arctic LNG 2
Chinese engineering firm Wison New Energies has decided to discontinue all of its ongoing Russian projects, and will immediately and indefinitely stop taking any new Russian business.
EU approves $3.2 B in German hydrogen pipeline support
The European Commission has signed off on about €3 B ($3.2 B) of planned German state aid for building a system of hydrogen pipelines known as the Hydrogen Core Network.
New England (U.S.) utility closes import-dependent gas-fired power plant, keeps LNG import option
Although Constellation Energy will close the Mystic gas-fired power plant north of Boston (U.S.), it will continue to operate the Everett LNG terminal
Siemens Energy awarded $1.5-B Saudi energy supply contract
Siemens Energy is supplying key power plant technologies that will provide almost 4 GW to the Kingdom, and in addition has also entered a long-term maintenance contract for 25 years for the two power plants, with a total value of approximately $1.5 B.
- Japan's Mitsubishi to acquire stake in Petronas LNG plant
- McDermott awarded Rovuma LNG Phase 1 FEED contract in Mozambique
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Wood leads industry project to accelerate CCUS with guidelines for CO2 specifications
- 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
