US bets on new European LNG terminals
US President Donald Trump expects the EU to fund 9 to 11 LNG ports to absorb more shipments from the US but current EU investment in new projects will only help open small markets.
Liquefaction
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Producers urge US regulators to approve Cheniere Oklahoma pipeline
Exploration and production companies urged US federal energy regulators to expedite approval of Cheniere Energy Inc’s proposed US$1.025 billion Midship natural gas pipeline in Oklahoma.
Prices rise as heat grips Japan
Asian spot LNG prices rose as a heatwave gripped Japan and high temperatures swept across South Korea and parts of China.
South Korea to lower LNG tax for power generation
South Korea plans to increase its tax on thermal coal, while lowering the tax on LNG to support the use of cleaner fuels for power generation.
Darwin seeks to become world-class LNG export hub
Australia’s tropical city of Darwin wants to establish itself as a world-scale energy export hub, building on its closeness to demand centres in Asia and abundant nearby natural gas resources.
Project NLNG Train 7 in Nigeria
Saipem has been assigned by Nigeria LNG Limited a new contract for the FEED and the preparation of the EPC proposal for the NLNG T7 Project.
JAXPORT LNG terminal officially opens
Eagle LNG Partners has officially opened Jacksonville’s first LNG plant.
Wison awarded contract by Western LNG
Wison Offshore & Marine has been awarded a FEED contract for a floating liquefaction project by Western LNG LLC.
Total acquires two gas power plants
Total has announced that it has signed an agreement with KKR-Energas to acquire its two gas-fired combined cycle power plants in the North and East of France.
Shell launches US$25 billion buyback plan
Royal Dutch Shell launched a long-anticipated US$25 billion share buyback programme on 26 July as its debt eased while second quarter profits came in far below forecasts.
Norway's Equinor Q2 core earnings lag forecasts
Equinor said on 26 July that Q2 adjusted operating income rose from a year ago but missed forecasts due to higher maintenance costs at its Norwegian fields.
US clears path for faster natural gas exports to Latin America
The US Energy Department on 25 July cleared the way for faster approval of small scale exports of natural gas including LNG to Latin American countries.
Saipem eyeing engineering acquisitions
Saipem said it is considering acquisitions in engineering and construction as it shifts its business away from drilling activity, which has dragged on earnings.
BP, Eni and Shell are best-in-class
Investors should feel confident about BP’s, Eni’s and Shell’s increased wave of new project approvals during the recent downturn.
Snow flurries in July signal more work
On a hot sunny day in July, Europe’s largest port is busy loading LNG onto a tanker, creating snow flurries during a heat wave.