Offshore LNG News - page 3


US to Release LNG Study by Mid-December

Dec 05, 2024

The U.S. plans to issue a study on the environmental and economic effects of liquefied natural gas (LNG) exports by the middle of this month, a Department of Energy official said on Wednesday.'We expect to release the final study ... by mid-December for a 60-day public comment period…

Oil Rises on Lebanon Fears, possible OPEC cuts

Dec 03, 2024

Oil prices rose more than 2% on Tuesday as Israel threatened to attack the Lebanese state if its truce with Hezbollah collapses, and as investors positioned for OPEC+ to announce an extension of supply cuts this week.Brent crude futures posted their biggest gains in two weeks…

QatarEnergy Signs Deal with Shell for Long-Term LNG Supply to China

Dec 02, 2024

QatarEnergy and Shell have entered into a new long-term sale and purchase agreement (SPA) for the supply of three million tons per annum (MTPA) of liquefied natural gas (LNG) to China.LNG deliveries under the SPA will start in January 2025,…

Woodside Set to Partner Up for Louisiana LNG Project by March 2025

Nov 29, 2024

Woodside Energy expects to bring several partners into its Louisiana liquefied natural gas development by the time the company gives the financial go-ahead to the U.S. project in the first quarter of 2025, its CEO told Reuters.Australia-listed…

Woodside Getting Ready to Restart Pluto LNG Facility

Nov 27, 2024

Australia's Woodside Energy said in a statement on Wednesday that it has begun preparing to safely restart the Pluto LNG facility.Woodside had shut down the LNG plant on Monday due to a fault in the facility's control system. Preparations for the restart began on Tuesday…

Woodside: LNG Market to Grow by 50% in Next Decade

Nov 26, 2024

Australia's Woodside Energy WDS.AX expects the global market for liquefied natural gas (LNG) to grow by 50% in the coming decade, its CEO said on Tuesday.'Over the last decade the LNG market grew by 50%. We anticipate it will grow by another 50% in the coming decade…

Woodside Shuts Down Pluto LNG Plant Due to System Fault

Nov 26, 2024

Australia's Woodside Energy shut down its Pluto LNG processing plant on Monday due to a fault in the facility's control system, a company spokesperson said on Tuesday.The spokesperson had said in an earlier statement, also issued on Tuesday…

BP Greenlights $7B CCUS Scheme Tied to Indonesia LNG Facility

Nov 22, 2024

BP and its partners have reached a final investment decision for a $7 billion Tangguh Ubadari carbon capture, utilization and storage (CCUS) project, which has the potential to unlock around 3 trillion cubic feet of additional gas resources in Indonesia to help meet growing energy demand in Asia…

US Judge Proposes CITGO Auction Solution

Nov 20, 2024

The U.S. judge overseeing an auction of shares in a Citgo Petroleum parent to pay Venezuela-linked creditors on Wednesday proposed major procedural changes to advance a case stalled by wide opposition and lawsuits by creditors in other courts…

Germany Preps for More FSRU Vessels

Nov 19, 2024

Germany is expanding its natural gas import options to replace Russian supply. Following are updates on key facilities and terminals being developed to host floating storage regasification units (FSRUs) to receive seaborne liquefied natural gas (LNG)…

Oil Dips 2% as Hurricane Fears Ease

Nov 08, 2024

Oil prices fell more than 2% on Friday as traders grew less fearful of prolonged supply disruptions from a hurricane in the U.S. Gulf of Mexico, while China's latest economic-stimulus packages failed to impress some oil traders.U.S. West Texas Intermediate futures CLc1 led the decline…

Baker Hughes: US Rig Count Remains Steady

Nov 08, 2024

U.S. energy firms this week kept the number of oil and natural gas rigs operating unchanged for a record third week in a row, according to energy services firm Baker Hughes' data going back to 1987.The oil and gas rig count, an early indicator of future output…

US LNG Firms Expect Expansion Regulations to Ease Under New Administration

Nov 08, 2024

U.S. liquefied natural gas developers awaiting permits for new export projects this week expressed confidence President-elect Donald Trump will ease the way for their multi-billion-dollar expansion plans.Their confidence is buoyed by Trump's…

Exxon Expects First LNG From Mozambique Project in 2030

Nov 07, 2024

Exxon Mobil is expecting the first liquefied natural gas (LNG) output from its project in Mozambique in 2030, a company executive said on Thursday.Exxon along with partners including Eni and China's CNPC are developing an LNG project in northern Mozambique…

Black & Veatch, Baker Hughes Combine Tech for Optimized Mid-Scale LNG Solution

Nov 05, 2024

Black & Veatch and Baker Hughes have signed a collaboration agreement to combine their technologies into a mid-scale liquefied natural gas (LNG) solution offering that can be used in both onshore and offshore applications.The companies will…

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