Global LNG to play large role in Taleveras’ future plans
Taleveras has joined a growing list of global trading firms increasing their presence in the liquefied natural gas market, raising its delivery volumes by almost 30% year on year.
LNG
Siemens wins NLNG compression train work
Nigeria LNG (NLNG) has awarded Siemens Energy a contract to provide a boil-off gas (BOG) compression train at Bonny Island.
Abu Dhabi takes $615 million stake in US LNG exporter
Abu Dhabi’s main sovereign wealth fund disclosed a 5.1% stake in Cheniere Energy Inc., the largest U.S. exporter of liquefied natural gas.
East Timor rethinks flawed Greater Sunrise LNG plan
East Timor is reassessing its ambitious petroleum development plans, which include the Woodside Petroleum-operated Greater Sunrise project, after discovering the economic analysis behind its proposed schemes is inaccurate.
Africa on the rise
The energy sector in Sub-Saharan Africa faces numerous challenges, but there is also an increasing sense of urgency and opportunity for the development of the industry on the continent.
Aramco shelves $20 billion petrochemical plan after oil’s crash
Saudi Aramco is shelving multi-billion-dollar petrochemical and gas projects as the state oil giant’s determination to preserve its dividend despite a crash in energy prices forces it to cut back on major investments.
New Scapa Flow quay at heart of £230m masterplan for Orkney harbours
Orkney council and port chiefs are placing Scapa Flow at the heart of a bold £230 million harbour infrastructure masterplan that “embraces” decarbonisation.
Singapore’s minister for trade & industry, Chan Chun Sing to officially open Gastech virtual summit
Singapore’s Minister for Trade & Industry, Chan Chun Sing, will open the Gastech Virtual Summit 2020.
No October surprise likely in Tanzania
Foreign investors have become increasingly concerned about Tanzania since the election of John Magufuli to the presidency in 2015.
East Med allure launched Chevron’s move on Noble
Noble Energy raised the possibility of selling out to Chevron on May 12. The super-major took only until May 28 to indicate it would be keen for such a deal.
Air Products wins Qatargas expansion work
Qatargas has chosen Air Products to supply process units to the major LNG expansion programme, which will become operational in 2025.
Shell posts $18bn loss in second quarter
Shell has posted losses of $18.1billion (£14bn) for the second quarter of 2020 as oil, LNG and gas prices remain depressed.
Sunset at East Timor’s Greater Sunrise LNG after Woodside write-down
Shifting political dynamics in East Timor hint at a change in direction for the petroleum sector as Woodside values the country’s proposed Greater Sunrise project at zero.
Besix confirms Mozambique LNG jetty work
Belgium’s marine construction specialist Besix, working with Mota-Engil, will build the marine facilities for the Mozambique LNG project.
Taking power to the seas with Karpowership
Countries that need power, need power now – and Karadeniz’s Powerships may just be the fastest moving answer to this particular demand.
As gas prices sag, Nigeria plans to export more
Nigeria plans to keep its liquefied natural supply at current levels despite prices near record lows, the opposite of what exporters from the US to Australia are doing.
Missing diplomatic bag not enough to save Egypt
Egypt has lost its bid seeking more time in its dispute with Union Fenosa Gas (UFG), over a failure to supply gas to a liquefaction plant at Damietta.
Total, Sonatrach extend LNG supplies
Sonatrach and Total have agreed to extend their LNG supply deal for another three years.
ExxonMobil eyes foothold in Vietnam LNG market
ExxonMobil is exploring opportunities to invest in LNG-to-power projects in Vietnam as the country faces chronic electricity shortages and Hanoi welcomes US companies to fix a trade imbalance.
Gas opportunities and challenges in Mozambique
There are challenges ahead for Mozambique, even while it is poised for a period of dramatic growth as investment into its northern gas finds escalates.
Total signs on for Renergen distribution
Renergen has signed a deal on the distribution of its LNG through Total South Africa Proprietary’s service stations.
Might makes for LNG opportunities
Pandemic-driven lockdowns have taken their toll on small companies in every sector, while larger companies can take a longer view on matters, including in the LNG sector.
Sasol cited over Mozambique costs
A Mozambique audit has raised concerns about upstream companies misstating recoverable costs, highlighting South Africa’s Sasol in particular.
Petronas grabs first mover advantage in Myanmar’s LNG market
Malaysia’s Petronas has delivered Myanmar’s first ever LNG cargoes. This marks the emergence of a new consumer for the fuel in the Asia region.
Eni’s Rovuma drilling disrupted
Coronavirus and the sudden drop in oil prices has led to some measure of disruption in Mozambique, local regulator Instituto Nacional de Petroleo (INP) has said, although there should be no long-term impact.