U.S. oilfield technology firm Baker Hughes beat Wall Street estimates for fourth-quarter profit on Tuesday, powered by strong demand for its services and equipment from LNG producers, as well as offshore and international markets.The company…
Longitude Engineering, part of Oslo-listed ABL Group, has secured a contract to provide detailed design and engineering services for the subsea development of Phase-X at Egypt’s West Delta Deep Marine concession, part of the Burullus Gas Field in the Mediterranean Sea…
Technip Energies has made three new appointments to its executive committee for the positions of Chief Operating Officer, Chief Business Officer, and Chief Digital and Information Officer.Naïla Giovanni, has been appointed to the newly created…
Asian liquefied natural gas (LNG) demand is projected to increase by 5% at 12 million tons (Mt) in 2024, following a 2% at 5 Mt growth in 2023, according to the most recent report by Wood Mackenzie.China, the world’s largest LNG import market…
Four tankers used for shipments of Qatari liquefied natural gas (LNG) have resumed course after pausing for several days amid maritime attacks by Yemen's Iran-aligned Houthis in the Red Sea, LSEG shiptracking data showed on Tuesday.The Houthi attacks…
BlackRock said on Friday it would buy Global Infrastructure Partners (GIP) for $12.5 billion in a major bet on alternative assets and announced a shake-up of its top management.The deal, which includes $3 billion in cash and 12 million BlackRock shares…
QatarEnergy, the world's second largest exporter of liquefied natural gas, has stopped sending tankers via the Red Sea although production continues, a senior source with direct knowledge of the matter told Reuters on Monday.Yemen's Iran-backed…
Golar LNG’s floating liquefied natural gas (FLNG) unit Gimi has arrived at BP's Greater Tortue Ahmeyim (GTA) project, located offshore Mauritania and Senegal.The FLNG Gimi unit reached GTA field on January 10, 2024, after departing from Seatrium Shipyard in Singapore in November 2023…
Offshore LNG infrastructure company Energos Infrastructure has completed the acquisition of two floating storage and regasification units (FSRUs) from the affiliates of Greek Dynagas.The two 174,000 m3 closed-loop FSRUs, built in 2021, will be renamed Energos Force and Energos Power…
Oilfield services company Petrofac has secured a four-year operations services contract from BP for its Greater Tortue Ahmeyim (GTA) natural gas project in Mauritania and Senegal.The multi-million-dollar Master Services Agreement covers a wide scope of services…
Samsung Heavy Industries (SHI) has secured an engineering, procurement and construction (EPC) contract for a new floating LNG production unit worth $1.5 billion.SHI formed a consortium with Black & Veatch for the delivery of the new FLNG unit…
U.S. liquefied natural gas exports hit monthly and annual record highs in December, tanker tracking data showed, with analysts saying it positioned the United States to leapfrog Qatar and Australia to become the largest exporter of LNG in 2023…
Shell said on Thursday it has resumed loading liquefied natural gas (LNG) cargoes from its Prelude facility offshore Australia following major maintenance.The giant floating LNG production facility located some 475 km (300 miles) off the west…
Italian oil giant Eni has started the introduction of gas into the Tango floating liquefied natural gas (FLNG) unit moored in Congolese waters.Gas introduction has been achieved in record time - only twelve months after the final investment decision…
Japan's Mitsui and Co has decided to pull its employees out of Russia's Arctic LNG 2 liquefied natural gas (LNG) project, the Sankei newspaper reported on Tuesday, citing several sources, in yet another blow for the project.Fearing the backlash from the sanctions…