In Moody’s latest report, it expects LNG prices to remain constrained beyond 2020, as a wave of new supply capacity comes online at a time when demand from the world’s largest importers is declining.
The US is expected to become a net exporter of natural gas on an average annual basis by 2018.
General Dynamics NASSCO has announced that the Liberty – the third and final ship constructed as part of the ECO Class tanker programme for SEACOR – has been taken to sea for testing and trials.
Donald Gongaware has joined Okra Energy as Chief Process and Innovation Officer.
Iran is hard at work gaining a foothold in the global energy market.
Chart Ferox has hosted a delegation from Proviridis at the Ferox facility and concluded an agreement for a second, Chart designed and constructed, natural gas fuelling station.
According to Reuters, Novatek has stated that it does not need to increase borrowing to fund the Yamal LNG project.
Dominion Cove Point LNG LP has submitted its monthly status and progress report to the US Federal Energy Regulatory Commission for its Cove Point liquefaction project.
Woodside Petroleum Ltd. is positioning to lift gas-export capacity in coming years in expectation that rising supplies of LNG will be absorbed by higher Asian demand.
According to Reuters, trade sources have reported that the Papua New Guinea LNG export project is looking to sell six LNG cargoes in a tender.
Peter Botten is seeking to engineer a deal that would confirm the status of Papua New Guinea as one of the world’s most lucrative gas exporters.
Weir Group PLC has announced that it has appointed Geetha Dabir to its Group Executive in the new position of Chief Technology Officer.
Toshiba is attempting to fill the balance sheet hole left by a US$6.3 billion hit to its nuclear operations.
BC Ferries has announced that the LNG dual-fuel Salish Eagle has stopped for refuelling and provisioning at Santa Cruz, Canary Islands, and is now en route across the Atlantic Ocean to Panama.
More than 90 real-time simulation scenarios were modelled using a well-established simulation software.