New LNG markets, greater cooperation and the development of new liquefied natural gas ecosystems have the potential support growth in LNG demand and provide a sustainable LNG future, according to Seah Moon Ming, CEO of Pavilion Energy.
The Japan Bank for International Cooperation is readying a €200 million (Approx: US$211.5 million) loan for the Novatek-operated Yamal LNG project in Russia.
The era of 20-year contracts is not over as suppliers cannot fund the massive investment required to build new LNG projects without long-term commitments from buyers, Peter Coleman, CEO of Australian LNG player Woodside said on Thursday. Coleman said this at the LNG Producer-Consumer Conference in T
Some ports and terminals in Panama including Port Cristobal and Manzanillo International Terminal (MIT) have ceased operations as Hurricane Otto progresses through Central America, GAC informed. In addition, harbor movements have been suspended in the region. Panamanian national authorities have iss
Deepwater Wind and the Long Island Power Authority (LIPA), who were set to reach an agreement on the 90MW Deepwater ONE – South Fork project in July, are now expected to do so by the end of this year, according to the national media. Namely, LIPA was expected to approve the offshore wind farm off Lo
While the globalization of natural gas has been boosted by the rise of LNG market, the energy security implications of this development have been less scrutinized.
Qatar Port Management Company is getting ready to transfer all container terminal operations from the Port of Doha to the new Port of Hamad, German shipping major Hapag-Lloyd informed. The Port of Hamad is expected to commence vessel operations, discharging and loading activities from December 1, 20
The UK Chancellor of the Exchequer Philip Hammond on Wednesday presented his first and last Autumn Statement reaffirming the government’s commitments to UK’s oil and gas sector without adding any new significant commitments. Namely, the Chancellor said in his speech on Wednesday: “We will deliver th
Australian oil & gas exploration, development, and production company Po Valley Energy has been awarded a preliminary production concession for the company’s 47 billion cubic feet (bcf) offshore Teodorico gas field in the northern Adriatic Sea. Po Valley said on Thursday that the offshore production
Perth-based Liquefied Natural Gas Limited on Thursday informed that the US Federal Energy Regulatory Commission denied a request for rehearing of its authorization of the Magnolia LNG project.
OMV has ceased oil production and is de-manning the Maari wellhead platform (WHP) offshore New Zealand. The Maari field is located 80 km off the Taranaki coast in water depths of about 100m. It is operated by OMV New Zealand Ltd (69%) on behalf of the Maari JV which includes Todd Maari Ltd (16%), Ho
LNG-engineer Technip and Houston-based FMC Technologies on Wednesday said they have cleared another hurdle for their proposed combination by receiving the clearance from the European Commission.
A joint venture between the oil service investment company Akastor and Japanese investment company Mitsui has been approved and concluded. Akastor reported on Thursday November 24 that the agreement with Mitsui & Co., Ltd (Mitsui), and Mitsui O.S.K. Lines, Ltd. (MOL), to create a joint venture with
Works on Iberdrola’s Wikinger offshore wind project are in full swing as the foundation installation is underway and is expected to be completed soon, as Bladt and Navantia dispatched their final jacket foundations and first components of Adwen 5MW wind turbines arrived at the Port of Sassnitz-Mukra
