Sonatrach steps it up for 2021
Sonatrach will invest $40 billion over the next five years, of which 51% will be in dinars, the company’s CEO Toufik Hakkar has said.
LNG
QP launches carbon cut strategy
Qatar Petroleum (QP) has launched a new sustainability strategy, aiming to reduce the emissions intensity of its LNG facilities by 25%.
Asian LNG cargo prices break records as cold makes traders scramble
North Asia’s liquefied natural gas benchmark rose above $30 per million British Thermal units for the first time, breaking a barrier that few thought possible.
LNG surges to six-year high with cold snap in importing nations
Liquefied natural gas has made a dramatic rebound from a pandemic-induced demand collapse, and the rally in the heating and power-plant fuel could extend into next year.
Australia’s Santos steals a march with Barossa LNG deal
The Santos-led Barossa LNG export project is on track for a final investment decision (FID) within six months after drastically cutting costs and securing a major Japanese buyer for some of Australia’s dirtiest LNG.
Fluor’s contract wins drop in third quarter
Fluor has reported revenue of $3.8 billion for the third quarter of the year, with earnings of $19 million.
Glencore closes acquisition of Ørsted’s LNG
Glencore has completed its purchase of Ørsted’s LNG business, just under a year after announcing the deal.
Novatek talks up carbon-neutral LNG in Germany
Russia’s gas independent Novatek is extending its move into the downstream, launching an LNG fuelling station in Germany and delivering ISO tanks to China.
12 things the EU should do about gas flaring
The gas-flaring rate of the European Union’s imported gas is 33x higher than indigenous production. We commend the EU’s recent methane strategy, but to support net zero the EU needs an equally clear EU gas flaring strategy.
Costa Azul hits first LNG FID of the year
Backers of the Costa Azul LNG export plant in Mexico have reached a final investment decision (FID), the first to be taken globally this year.
Total takes LNG bunkering record
Total has carried out the largest LNG bunkering operation ever, at the Port of Rotterdam on November 13.
Sasol sets out carbon path amid social pressure
Sasol has set out steps to cut carbon emissions in a 10-year pivot away from coal and towards alternative energy sources.
Petronas’ Malaysia LNG supply faces headwinds
The Petronas-operated Bintulu LNG export complex, in the eastern Malaysian state of Sarawak, desperately needs new gas supplies to maintain its exports in the near-to-medium term, as legacy fields mature.
QP launches LNG trader, signs Singapore deal
Qatar Petroleum (QP) has launched a dedicated LNG trading arm, announcing a deal to supply gas to Singapore.
Kosmos scraps Mauritania, Senegal sale plans
Kosmos Energy has dropped plans to sell down its stake in an LNG project offshore Mauritania and Senegal, instead opting to seek financing for its plans.
Wilhelmshaven considers hydrogen, as LNG interest falls short
Germany’s planned Wilhelmshaven regasification terminal is reconsidering import plans and may opt to shift to hydrogen.
Total delivers carbon offset LNG to CNOOC
Total has delivered its first cargo of carbon neutral LNG to China National Offshore Oil Corp.’s (CNOOC) Dapeng terminal.
Pirates attack EG LNG site, kidnap crew
A pirate attack at Equatorial Guinea’s LNG terminal has exposed onshore security shortcomings.
Qatar books key UK LNG supply deal as export push begins
Qatar Petroleum is set to ramp up exports of liquefied natural gas (LNG) to the UK as the Persian Gulf country seeks buyers for the output from a new project and several large supply contracts are due to expire.
What would you do with $96bn?
Mozambique expects to earn $96 billion from the production and liquefaction of its natural gas reserves and is considering a sovereign wealth fund (SWF) in order to maximise the benefits.
MENA bucks global trend with gas push
Despite a major demand shock this year, gas plans are scaling up, according to Arab Petroleum Investments Corporation (Apicorp).
Philippines eyes first LNG imports in 2022 as Shell seeks exit
The Philippines is accelerating plans to import LNG, as Shell seeks to exit the country’s largest gas field, creating more uncertainty for the waning domestic upstream sector.
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.
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.