management
Goldman Sachs: Global LNG market to grow by 50% by 2029
Growth in oil investment shows signs of peaking in non-OPEC countries, while investment in liquified natural gas (LNG) is expected to increase more than 50% by 2029, according to Goldman Sachs Research.
Woodside gets $1 B in funding for Scarborough LNG project
Woodside will receive $1 B in funding for its flagship Scarborough LNG project from state-owned Japan Bank for International Cooperation.
ConocoPhillips to acquire Marathon Oil Corporation for $22.5 B
ConocoPhillips and Marathon Oil Corporation announced today that they have entered into a definitive agreement pursuant to which ConocoPhillips will acquire Marathon Oil in an all-stock transaction with an enterprise value of $22.5 B.
Hess shareholders sign off on $53 B sale to Chevron
Hess shareholders approved the proposed $53 B merger with Chevron that paves the way for the No. 2 U.S. oil company to gain a prize asset and a foothold in rival ExxonMobil's massive Guyana discoveries.
Aethon Energy to buy Tellurian upstream assets for $260 MM
Aethon Energy will acquire Tellurian's upstream assets for $260 MM and purchase 2 MMtpy of LNG from its Driftwood LNG plant, the companies said on Wednesday.
UK's National Grid seeks buyer for Europe's biggest LNG terminal
British energy infrastructure operator National Grid said it is looking to sell its Grain liquefied natural gas (LNG) terminal in Britain, Europe's largest such facility, in a bid to streamline operations.
Norway's Nyhamna gas plant evacuated due to fire
Norway's Nyhamna natural gas processing plant, which supplies Britain through a pipeline under the North Sea, was evacuated on Tuesday following a fire.
Asian spot LNG prices at five-month high on firm demand, geopolitical risks
Asian spot liquefied natural gas (LNG) prices surged to a five-month high, marking the fourth consecutive week of gains.
Equinor to invest more than $1.1 B to further develop gas infrastructure in the Troll West gas province
Equinor and the Troll partners have decided to invest just more than $1.1 B to further develop the gas infrastructure in the Troll West gas province.
Energy Workforce responds to U.S. Energy Secretary's testimony on LNG export permit pause
Energy Workforce responds to U.S. Energy Secretary's testimony on LNG export permit pause
Australian natural gas industry seeks policy repairs to boost investment
Australia's natural gas industry executives are seeking more measures to restore an investment environment they say has been damaged by a series of state interventions to boost domestic supply and curb soaring energy prices.
ADNOC to acquire 10% equity stake in major LNG development in Mozambique
ADNOC announced the acquisition of Galp’s 10% interest in the Area 4 concession of the Rovuma basin in Mozambique, entitling ADNOC to a share of the LNG production from the concession, which has a combined production capacity exceeding 25 MMtpy.
Firm building QatarEnergy-Exxon LNG plant in Texas (U.S.) files for bankruptcy
The lead contractor building a Texas LNG plant for QatarEnergy and ExxonMobil on Tuesday filed for Chapter 11 bankruptcy protection, citing challenges at the project.
Phillips 66 to buy Pinnacle Midland for $550 MM
Phillips 66 agreed to acquire Pinnacle Midland, a midstream company owned by private equity firm Energy Spectrum Capital, for $550 million in cash, expanding the U.S. refiner's natural gas gathering and processing footprint in the Midland Basin.
Johnson Matthey and thyssenkrupp Uhde join forces to offer an integrated solution for blue ammonia technology
Johnson Matthey and thyssenkrupp Uhde announced they have signed a Memorandum of Understanding to jointly offer a fully integrated low-carbon (blue) ammonia solution
ADNOC purchases stake/offtake from NextDecade LNG (U.S.)
ADNOC announced the acquisition of a 11.7% stake in Phase 1 of NextDecade's Rio Grande LNG, along with a 20-yr LNG offtake agreement from Train 4.
UAE's ADNOC planning US trading expansion
Abu Dhabi National Oil Company (ADNOC) is planning to set up a trading desk in the U.S. as part of the United Arab Emirates-backed oil and gas producer's global expansion efforts.
Waste manager WM explores $3 billion sale of renewable natural gas unit
Waste management firm WM is exploring a sale of its renewable natural gas business that could be worth about $3 B.
U.S. Republican lawmakers urge FERC to approve LNG applications
Two influential U.S. Republican lawmakers have urged the head of the federal energy regulator to process applications for LNG projects.
Sempra revisits choice of Bechtel on Cameron LNG expansion to cut costs
Sempra LNG is revisiting its selection of Bechtel to build its Cameron LNG expansion project in Louisiana due to rising construction costs.
Gazprom loss shows struggle to fill EU gas sales gap with China
Gazprom could face a long period of poor performance as it struggles to fill the gap of lost European gas sales with its domestic market and Chinese exports.
NextDecade plans to take FID on LNG train 4 in 2H of this year
In the company's Q1 business update, NextDecade's Chairman and Chief Executive Officer, Matt Schatzman, provided an update on the company's LNG terminal project in south Texas (U.S.).
Golden Pass LNG in discussions with contractor, may delay startup
Golden Pass LNG, a JV between QatarEnergy and Exxon Mobil, said it was in ongoing talks with a contractor that could have near-term impacts on activity at its site.
Karpowership and Petrobras forge strategic alliance to enhance integrated natural gas projects in the Americas
Karpowership and Petrobras have signed a Memorandum of Intent to combine their respective expertise in the natural gas and power sectors to guarantee supply and meet the demand of the energy industry across the Americas.
EU eyes Russia LNG transhipment ban, tighter control of sanction busting
The European Union is looking to enact harsher sanctions against Russia, including holding LNG owners more accountable for receiving Russian natural gas shipments.
Sinopec in talks with Pembina for LNG offtake of Cedar LNG project
China's Sinopec is in discussions with Pembina Pipeline Corp for a LNG offtake agreement and equity stake in the $4-B, 3-MMtpy Cedar LNG project in British Columbia, Canada.
Three emerging threats: Climate change, vandalism and cyber-attack
Pipeline integrity management systems (PIMSs) are now common practice, driven by the Pipeline and Hazardous Materials Safety Administration (PHMSA) requirements in the U.S. This article discusses the threats associated with climate change, vandalism and cyber-attack from the perspective of existing risk models.
The illusion of accuracy in analyzing plant failures
This article highlights the challenges faced by plant engineers in accurately determining damage mechanisms, discussing three common illusions of accuracy including temperature limits, reliance on single references, and confirmation bias during failure investigations.
LNG developer Tellurian to explore sale among other options, CEO steps down
Tellurian said it was looking at all options, including a potential sale, and that CEO Octavio Simoes had stepped down from his role, amid the LNG developer's efforts to keep its Driftwood export project alive.
Navigating the complex LNG value chain
Capturing efficiency and visibility across the LNG value chain is possible with modern technologies. This article examines how boundless automation is managing data seamlessly from the field to the edge and into the cloud. This includes a move toward holistic, seamlessly integrated energy logistics software solutions that help operators visualize and manage the LNG value chain from end-to-end.
- Gasum powers Equinor's platform supply vessel with bio-LNG
- ADNOC deploys pioneering AI-enabled process optimization technology
- Mexico Pacific announces long-term LNG SPA with POSCO International
- ONEOK to acquire Medallion and controlling interest in EnLink for $5.9 B
- Golar LNG signs EPC deal for $2.2-B MK II FLNG conversion project
