Processing/LNG

AG&P LNG Acquires 49% Stake in Vietnam's Cai Mep LNG Terminal

Singapore-based Atlantic, Gulf and Pacific LNG (AG&P), a unit of U.S. investment and development firm Nebula Energy, has acquired a 49% stake in Vietnam's Cai Mep LNG terminal, it said in a statement on Thursday.

Argentina's YPF to Invest $3 Billion in Shale, Eyes LNG Facility Expansion in 2024

Argentina's national oil company YPF on Thursday said it would invest $3 billion of a $5 billion capital spending plan this year in shale, as it looks to generate more cash by exiting some major conventional fields.

U.S. Natural Gas Prices Steady Ahead of Federal Storage Report

U.S. natural gas futures were little changed on Thursday as the market waited for direction from a federal report expected to show a much smaller-than-usual storage withdrawal last week when warmer-than-normal weather kept heating demand low.

Saudi Aramco, UAE's ADNOC in Talks for Investments in U.S. LNG Projects

Gulf oil giants Saudi Aramco and Abu Dhabi National Oil Company (ADNOC) are in talks to invest in U.S. liquefied natural gas projects, as they step up competition with oil majors and regional rival Qatar in the booming super-chilled gas market, sources aware of the matter said.

Vitol Nears Acquisition of 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 and QatarEnergy, two sources with knowledge of the matter said on Monday.

Temasek Shortlists Saudi Aramco, Shell for Pavilion Energy Asset Sale

Singapore's Temasek Holdings has shortlisted energy giants Shell and Saudi Aramco among a handful of companies to purchase most of the assets of LNG trading firm Pavilion Energy, sources with knowledge of the matter said.

Tellurian CEO Octavio Simoes' Term Not Extended, Company Eyes Asset Sale

LNG developer Tellurian said on Monday it would not renew or extend the employment term of CEO Octavio Simoes beyond June 5, and aims to sell its upstream business, sending its shares up as much as 3% before the bell.

Philippines' Top Energy Firms Collaborate on $3.3 Billion LNG Facility Project

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

New Fortress Energy Launches Barcarena LNG Terminal in Brazil

New Fortress Energy Inc. has announced the operational status of its 6 MTPA Barcarena LNG terminal in Pará, Brazil, with the Energos Celsius Floating Storage Regasification Unit now in operation on-site.

BP Urges U.S. Regulators to Deny Venture Global's Permit Extension Request

BP Plc on Tuesday 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, the Australian oil and gas company said on Wednesday.

Endesa's CEO Optimistic About $585 Million Nigerian LNG Contract Arbitration

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

U.S. Takes Lead as Top Supplier to Europe for Crude, Diesel and LNG

The United States has taken the top spot as Europe's supplier of crude oil, diesel, and liquefied natural gas (LNG) in recent months, capitalizing on reduced imports from east of Suez caused by shipping disruptions in the Red Sea.

Qatar's LNG Expansion Plans Set to Squeeze Out U.S., 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 United States where President Biden paused new export approvals, market experts said.

Pipeline Firm ONEOK Posts Higher Fourth-Quarter Profit on Strong Volumes

ONEOK, which has about 50,000-mile long network of pipelines, said its Rocky Mountain region natural gas liquids (NGL) raw feed throughput volumes rose by 20%, compared to last year.

Venture Global LNG Refuses to Provide Confidential Documents Without Regulatory Order

Venture Global LNG on Monday told U.S. regulators it will not provide energy firms Repsol SA and Galp Energia with confidential documents on a Louisiana export terminal's operations unless ordered to do so.

First LNG Vessel Arrives at Germany's New Mukran Terminal

The first vessel carrying LNG for Germany's Baltic Sea terminal of Mukran arrived on Saturday for a test operation as the country steps up its quest to replace Russian pipeline gas.

Australia's Woodside to Sell Stake in Scarborough to Japan's JERA for $1.4 Billion

Woodside Energy is selling a 15.1% stake in its Scarborough project to Japan's JERA for about $1.4 billion, marking the Australian gas producer's second stake sale to a Japanese LNG buyer in six months.

U.S. Regulators Set April Deadline for Decision on Venture Global LNG Permit Extension

U.S. energy regulators on Friday said they would decide quickly on liquefied natural gas developer Venture Global LNG's request for a one-year extension to its construction permit for its Calcasieu Pass LNG plant in Louisiana.

Venture Global LNG Customers Challenge Permit Extension Request

Three of Venture Global LNG's major customers have asked U.S. energy regulators to address the LNG developer's request for a one-year permit extension to complete a Louisiana export facility, signaling their intention to voice concerns.

Cheniere Energy's Annual LNG Revenue Falls on Lower Natural Gas Prices

U.S. liquefied natural gas (LNG) company Cheniere Energy on Thursday forecast a lower core profit for 2024 as prices of the fuel buckle under excess supply, sending its shares down 1.7% premarket.

BP's Tangguh LNG Train 3 Resumes Operations After Week-Long Outage

The third train of BP's Tangguh liquefied natural gas (LNG) facility in West Papua, Indonesia has resumed operations after an outage for about a week, the country's upstream oil and gas regulator SKK Migas said on Wednesday.

Chesapeake Energy Beats Q4 Profit Estimates Amid Lower Expenses, Production Decline

Chesapeake Energy beat Wall Street estimates for fourth-quarter profit on Tuesday as the natural gas producer saw a steep decline in its operating expenses.

Guyana's $1.9 Billion Gas-to-Power Project Pushed to 2025

Guyana will delay until 2025 its biggest effort to capitalize on its energy bounty, a $1.9 billion gas-to-power project that was to start this year, using untapped gas to slash electricity costs, a Ministry of Natural Resources consultant said on Tuesday.

Kyushu Electric to Await U.S. LNG Policy Clarity Before Lake Charles Decision

Japan's Kyushu Electric Power will wait until after the United States resumes issuing export licenses for new LNG projects before deciding on whether to invest in the Lake Charles project, an executive said.

CenterPoint Energy to Sell 12,000-Mile Pipeline Network in Louisiana, Mississippi for $1.2 Billion

CenterPoint Energy said on Tuesday it would sell its natural gas assets in Louisiana and Mississippi for $1.2 billion to Bernhard Capital Partners, as the electric and gas utility plans to focus on its regulated business.

China's CNOOC Receives Approval for Second LNG Berth at Yancheng Port

Chinese state-owned CNOOC has received government approval to build a second berth at its LNG receiving terminal in Yancheng in eastern Jiangsu province, according to a statement from the Shanghai Petroleum and Natural Gas Exchange on Tuesday.

ADNOC Executive Emphasizes Gas-Centric Strategy, Eyes Egypt Market Potential

A top executive of state-owned Abu Dhabi National Oil Company (ADNOC) on Monday said the company's strategy was anchored around gas output and that Egypt has been identified as a market with a lot of potential.

Pavilion Energy, Rio Tinto Complete Ship-to-Ship LNG Bunkering Operation

Singapore's Pavilion Energy has completed a ship-to-ship LNG bunkering operation with global mining giant Rio Tinto via the newly built Brassavola bunker vessel, marking the vessel's first ship-to-ship LNG bunkering operation.

EU Sees No Need to Extend Deal on Russian Gas Transit via Ukraine

The European Union sees no need to extend an agreement to transport Russian gas to Europe via Ukraine, ahead of the contract's planned expiry at the end of the year, the bloc's energy policy chief said on Thursday.