Gas News

 

Demand for FSRUs Soars as Europe Works to Cut Reliance on Russian Gas

Jun 21, 2022

Following Russia's invasion of Ukraine, European countries have escalated efforts to wean themselves off Russian gas. FSRUs increasingly are in demand to fill the gap.Following Russia's invasion of Ukraine, European countries have escalated efforts to wean themselves off Russian gas, citing a desire to avoid contributing to Russia's budget, avoid paying for gas in roubles as Russia demands, and diversify their gas supply alternatives…

U.S. Natgas up 2% on Higher Demand, Soaring Global Prices

Jun 14, 2022

U.S. natural gas futures edged up about 2% on Tuesday on record power demand in Texas, forecasts for more gas demand over the next two weeks than previously expected, a reduction in gas output, low wind power and much higher global gas prices…

Indigenous Australians Seek to Block $3.6 billion Santos Offshore Gas project

Jun 07, 2022

A group of Indigenous Australians has filed a lawsuit seeking to stop Santos Ltd from developing a $3.6 billion gas project off northern Australia, saying they were not consulted about the drilling.Traditional land owners from the Tiwi Islands…

Italy's Snam Signs FSRU Conversion Deal with Golar

May 18, 2022

Italian gas group Snam has signed a contract with Golar LNG under which Golar will deliver the existing LNG Carrier 'Golar Arctic' as a floating storage and regasification unit (FSRU).Snam will install the FSRU in the port area of Portovesme…

Israel Boosting Offshore Gas Output, Looks to Help Supply Europe

May 16, 2022

Israel is boosting offshore natural gas output and aims to reach a supply agreement with Europe in the coming months as the continent looks to replace the Russian supply.The country is on track in the next few years to double production to about…

Norway's Hammerfest LNG Plant Extends Outage

May 16, 2022

Norway's Hammerfest LNG plant is now expected to restart on May 23, six days later than the previous plan and further delaying operations since a fire in 2020, Norwegian gas system manager Gassco and operator Equinor said on Monday.'During the weekend…

Gasunie to Charter New Fortress Energy FSRU to Reduce Dutch Reliance on Russian Gas

May 10, 2022

New Fortress Energy has executed a binding agreement to charter a floating storage and regasification unit (“FSRU”) to Dutch energy network operator Gasunie, in an effort by the Netherlands to reduce Russian gas imports. The chartered FSRU will provide storage capacity of approximately 170…

East Timor Aiming for Greater Sunrise Offshore Gas Field Output by 2030

May 04, 2022

East Timor's national oil company wants to start producing natural gas from its Greater Sunrise fields by 2028 or 2030, the company's head said on Tuesday in Houston, hoping to develop the offshore project that has been stuck in limbo for decades…

Malaysia's Petronas Sees Higher Demand as Focus Turns to Energy Security

Apr 27, 2022

Malaysian state energy firm Petronas is seeing growing demand for gas as the world lifts COVID-19 restrictions and prioritizes energy security due to Russia's invasion of Ukraine, its chief of upstream operations told Reuters on Wednesday.Petronas…

Australia's Woodside Expects Long-term Gain from Energy Security Fears

Apr 26, 2022

Australia's Woodside Petroleum reported a more than twofold jump in quarterly revenue on Tuesday, buoyed by rising oil and gas prices, and it expects to benefit in the longer term from energy security fears due to Russia's invasion of Ukraine…

Rising Calls for U.S. LNG Revive Stalled Export Projects, but at Higher Costs

Apr 21, 2022

Soaring demand for U.S. liquefied natural gas (LNG) as buyers steer clear of Russian fuel is putting some long-stalled U.S. export projects back on track. But rising costs for materials and labor threaten to snarl these plants once again.Two developers with projects sidelined due to the U…

Australia: Woodside Shareholders to Benefit from $40B BHP Merger - KPMG

Apr 08, 2022

Australian gas producer Woodside Petroleum Ltd's agreed merger with BHP Group's petroleum arm is in the best interest of its shareholders, an independent expert said, valuing the combined group at around $40 billion.Global miner BHP agreed to…

We Won't Pay for Gazprom Gas in Roubles, Ørsted Says

Apr 08, 2022

Danish energy group Ørsted on Friday reiterated that it has no intention of paying Russia's state-controlled gas company Gazprom in roubles and said the decision was not politically motivated.Russian President Vladimir Putin has demanded foreign…

Neptune Energy to Double Gas Production from Duva Offshore Field in Norway

Apr 08, 2022

Oil and gas company Neptune Energy said Friday it would double gas output from the Duva field in the Norwegian part of the North Sea, supporting increased supplies to the UK and Europe.'The partnership has worked closely with the Norwegian authorities…

ProSep's Water Treatment System for Woodside's $12B Scarborough Project in Australia

Apr 06, 2022

Houston-based ProSep has won a water treatment project contract for Woodside's Scarborough gas development offshore of Western AustraliaThe contract, for end-client Woodside, which sanctioned the $12 billion Scarborough development in November 2021…

Current News

Greece Can Cope With Possible Russian Gas Disruptions Thanks to LNG - Minister

Greece Can Cope With Possible Russian Gas Disruptions Thanks to LNG - Minister

Five-year Plan: U.S. to Hold Between Zero and 11 Offshore Drilling Lease Sales

Five-year Plan: U.S. to Hold Between Zero and 11 Offshore Drilling Lease Sales

Norwegian Offshore Oil Workers to Go on Strike on Tuesday

Norwegian Offshore Oil Workers to Go on Strike on Tuesday

Teekay Sells Sevan Hummingbird FPSO to Ping Petroleum

Teekay Sells Sevan Hummingbird FPSO to Ping Petroleum

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