LNG

Petronas has announced a 60% drop in pre-tax profits for 1Q16, compared to the corresponding period of last year.

The government of British Columbia, Canada, has announced that it has signed the Coastal First Nations LNG Benefits Agreement, which will address the economic benefits and environmental impact of LNG.

Technip has released a statement claiming that it will combine with FMC Technologies Inc. to create TechnipFMC.

Qatargas and JERA Co. Inc. have reached an agreement on the first spot LNG cargo purchase under the newly executed Master Sales and Purchase agreement between the two companies.

The Hawaiian Electric Companies have asked the Hawai’i Public Utilities Commission to review and approve a proposed contract with Fortis Hawaii Energy Inc. to import LNG for the generation of electricity on O’ahu, Hawai’i Island and Maui.

The APPEA has described the ‘national interest test’ from Australia’s Labor Party as poor policy that will discourage the development of gas reserves.

Rolls-Royce has released a video looking at the development of the LNG market, and some of the challenges it may face.

Gazprom has announced that it has signed a Memorandum of Understanding regarding cooperation in the oil and gas industry with Thailand’s PTT.

Philly Shipyard Inc. has announced that it has laid the keel for the second of four product tankers for American Petroleum Tankers.

Novatek has signed a Memorandum of Understanding with Thailand’s PTT, in which both parties have agreed to study joint opportunities in a number of areas, including LNG.

According to Reuters, Sri Lanka will cancel plans for an Indian-built coal plant, in favour of an LNG power plant.

Petronas has confirmed that its first FLNG facility, PFLNG SATU, has set sail to the Kanowit gas field.

Jotun has announced that it is to apply its antifouling coatings to two Petronas LNG carriers.

According to Reuters, Chevron has begun to restart operations at the Gorgon LNG project in Australia.

Galileo Group has announced that it has established a strategic partnership with Blue Water Energy.