Liquefaction

Gunvor posted its lowest net profit last year since at least 2011 due to major investments to set-up a US trading presence and a prolonged planned turnaround at one of its refineries.

Exxon Mobil is pushing ahead with efforts to develop its US$15 billion Far East LNG project with Russia’s Rosneft despite being forced to exit some joint ventures due to Western sanctions.

Asian spot prices for LNG firmed over the past week.

Australia’s trade surplus swelled to a 10-month peak in March as resource exports boasted a bumper run.

Venture Global LNG enters LNG sales and purchase agreement with Galp for 1 million tpy.

Sub-Saharan Africa’s gas production will grow by 18% by 2021 to 9.1 billion ft3 per day.

The winners of Iraq’s latest bid round will need to keep costs low to achieve competitive returns compared to previous contracts.

Chevron will idle the second production unit at its Gorgon LNG project in May to carry out modifications already implemented at the other two units.

Total SA and Siemens AG hope to sign a deal soon with Cuba to build a 600 megawatt gas-fired power plant on the island.

The APLNG joint venture has experienced a 27% jump in quarterly production revenue.

Analysis of the global upstream in March 2018 revealed that oil and gas production is expected to increase by 2.3% between 2018 and 2022.

Black & Veatch’s PRICO® technology is set to play a major role in BP’s field development in West Africa.

Total reported record high quarterly oil and gas output while beating profit forecasts helped by higher prices.

Total could join Novatek’s second large scale LNG project called Arctic LNG 2 in Russia.

Over US$9.9 billion in capital expenditure will be spent by Qatar-focused operators on gas projects between 2018 and 2021.