Vitol close to buying Exxon, QatarEnergy stakes in Italy LNG terminal

Vitol-backed energy storage company VTTI is close to acquiring a majority stake in Italy's biggest LNG import terminal from Exxon Mobil, opens new tab and QatarEnergy.

Jupiter Ionics raises $9-MM to progress their electrochemical green ammonia technology

A greener way to feed the world is one step closer with Jupiter Ionics’ $9 million capital raise to progress their electrochemical green ammonia technology.

Copenhagen Infrastructure Partners announces investments and agreements with LOTTE Chemical Corporation

The memorandum of understanding between CIP and LOTTE is intended to support collaboration on clean ammonia projects.

NextChem expands its low carbon portfolio with the acquisition of Gascontec, gaining innovative patents in hydrogen, ammonia, and methanol

MAIRE announced that NEXTCHEM has signed a binding agreement to acquire 100% of GasConTec Gmbh, an innovative company specialized in technology development and process engineering founded in 2017 and based in Bad Homburg, Germany.

bp awards Kent a five-year global commissioning framework agreement

Kent, a global integrated energy services company, announced that it has been awarded a five-year global commissioning framework agreement by bp.

Iran to reach 1.3 Bcm of gas output a day in five years, minister says

Iran's gas output will reach 1.3 Bcm per day in five years, Iran's Oil Minister Javad Owji said, up from 1.07 Bcm per day currently.

Philippines' top energy firms partner for $3.3-B LNG facility

Three top Philippine energy firms have partnered for the first time to form a large-scale integrated LNG facility, the companies said, in a deal two of them valued at $3.3 B.

U.S. natural gas producers cut spending, output to cope with low prices

U.S. natural gas producers are curbing their output and spending on drilling activity as an oversupplied market has brought the prices of the commodity down to multi-decade lows.

LNG developer Tellurian to not extend CEO's employment term

LNG developer Tellurian said it would not renew or extend the employment term of CEO Octavio Simoes beyond June 5, and aims to sell its upstream business as it no longer sees it "a core strategic need"

Low U.S. natural gas prices to dampen prospects for Tellurian asset sale

Low U.S. natural gas prices will hurt Tellurian Inc's ability to sell Louisiana gas producing properties in order to pay off enough debt to salvage its LNG project.

U.S. LNG exports fall in February on outage and fewer calendar days

A month-long closure at Freeport LNG plant in Texas (U.S.) and fewer days in the month pushed February U.S. LNG exports 7% lower than in January.

CycleØ acquires Biogasclean to increase fully circular green gas production

CycleØ Group Limited announced its acquisition of Biogasclean, a Danish supplier of biological methanation and desulphurization systems.

EU's Russian gas exit should be written into law, says Lithuania

Lithuania is calling for the European Union to legislate its commitment to cease dependence on Russian gas by 2027, with the proposal set for discussion among EU energy ministers next week.

Brazil, Guyana, Suriname eye more cooperation in oil and gas

Brazil, Guyana and Suriname have agreed to deepen discussions on cooperation in the oil and gas sector, according to a joint statement released by the countries after a meeting between their presidents.

PetroVietnam Gas seeks to buy 2 LNG cargoes, the first to be delivered in April

PetroVietnam Gas is seeking to buy two LNG cargoes, with the first to be delivered April 1-20.

The U.S. remained the largest liquefied natural gas supplier to Europe in 2023

The U.S. was again the largest supplier of LNG to Europe in 2023, accounting for nearly half of total LNG imports, according to data from CEDIGAZ.

OQEMA and BASF collaborate on amines in the UK and Ireland

BASF has strengthened its partnership with OQEMA, one of Europe’s leading chemical distributors, with regard to BASF’s standard amines portfolio excluding ethanolamines in the UK and Ireland, effective January 1, 2024.

U.S. natural gas rises over 7%, helped by cooler weather forecasts

U.S. natural gas futures gained more than 7%, rebounding from a four-year low hit in the previous session, helped by forecasts for slightly cooler weather leading to increased demand for gas for heating.

Endesa's CEO upbeat about $585-MM Nigerian LNG contract arbitration

Endesa CEO Jose Bogas said he was optimistic about the outcome of a $585-MM arbitration case related to a price review of a long-term LNG supply contract in Nigeria.

bp plans to invest $1.5 B in Egypt gas projects

bp is preparing to invest about $1.5 B to develop gas projects and drilling in Egypt over the next three to four years.

Henry Hub daily natural gas spot price fell to record lows in February

The U.S. benchmark Henry Hub daily natural gas price averaged $1.50 per MMBtu on February 20, 2024, the lowest price in inflation-adjusted dollars since at least 1997, according to data from Refinitiv Eikon.

bp asks U.S. regulators to reject Venture Global's permit extension request

bp urged U.S. regulators to refuse Venture Global LNG's request for an extension of time to build its Calcasieu Pass export plant.

Woodside Energy inks long-term LNG supply deal with South Korea

Woodside Energy has inked an agreement with South Korean state-owned natural gas firm Korea Gas Corp to supply LNG for more than a decade.

Global LNG demand seen rising in 2024 from China, Europe

Global LNG demand will grow in 2024 with top buyer China back in the market and consumption in Europe rising.

Israel says gas exports to Egypt, Jordan rose 25% in 2023

Israel said on Monday that gas supplies to Egypt and Jordan rose by about 25% in 2023, despite brief disruptions at the start of the war in Gaza, adding that exports could be expanded further.

Yokogawa releases OpreX carbon footprint tracer to support decarbonization in the process manufacturing industries

Yokogawa Electric Corporation announced the development and release of OpreX Carbon Footprint Tracer, a solution in the OpreX Transformation lineup that targets the carbon footprint management needs of companies in the process manufacturing industries.

Qatar's new LNG expansion plans to squeeze out U.S., other rivals

Qatar's planned expansion of LNG production could see it control nearly 25% share of the global market by 2030 and squeeze out rival projects including in the U.S. where President Biden paused new export approvals, market experts say.

Weak gas prices primed to trigger coal-to-gas switch in Germany

A more than 25% slump this year in northwest Europe's benchmark natural gas price has helped push the price of gas-fired power generation below the cost of coal-fired generation and sets the stage for fuel switching by key regional power producers.

Bangladesh raises gas prices for power plants

Bangladesh has raised gas prices for power plants by $0.0068 per unit to ease the subsidy burden effective from this month.

MAMII expands membership with Chevron, Seapeak, and TotalEnergies joining the initiative

Leading energy companies TotalEnergies and Chevron, and major gas carrier Seapeak, have joined the Methane Abatement in Maritime Innovation Initiative, led by SafetyTech Accelerator.