Offshore LNG News - page 19

 

Woodside’s Profit Hits Three-Year Low

Feb 24, 2025

Australian oil and gas major Woodside Energy reported its smallest annual underlying profit in three years on Tuesday, hurt by lower realised prices, but maintained its 2025 output forecast on expectations of strong demand for liquefied natural gas…

Tokyo Gas Enters LNG Market in Philippines

Feb 19, 2025

Tokyo Gas said on Wednesday it had made its first foray into a commercially operational terminal for liquefied natural gas outside Japan by acquiring a 20% stake in Philippines' FGEN LNG, a unit of First Gen Corp.Financial terms of the deal for the stake in FGEN LNG…

Woodside Negotiating with at Least Three Partners for Louisiana LNG

Feb 18, 2025

Woodside Energy has held talks with several potential buyers of stakes in its Louisiana liquefied natural gas plant, including Tokyo Gas, Japan's JERA and Saudi Aramco-backed MidOcean Energy, multiple sources told Reuters.The timing of the stake…

Trump Grants First LNG Export License, Forms US Oil and Gas Energy Council

Feb 17, 2025

U.S. President Donald Trump's administration said on Friday it has granted a liquefied natural gas export license to the Commonwealth LNG project in Louisiana, the first approval of LNG exports after former President Joe Biden paused them early last year…

TotalEnergies Signs LNG Supply Deal with India’s GSPC

Feb 12, 2025

TotalEnergies and the Gujarat State Petroleum Corporation Limited (GSPC), a state-owned oil and gas company, announced the signing of a long-term Sale and Purchase Agreement (SPA) for a term of ten years starting in 2026.Under this agreement…

ADNOC Secures LNG Supply Deal with India's BPCL

Feb 10, 2025

Abu Dhabi National Oil Company (ADNOC) will supply 2.5 million tons of liquefied natural gas (LNG) to India's Bharat Petroleum Corp under a new five-year deal, sources with knowledge of the matter said on Monday.Indian's state refiner will receive…

Egypt Inks $3B LNG Deals with Shell and TotalEnergies

Feb 06, 2025

Egypt has signed deals worth about $3 billion with Shell and TotalEnergies to secure 60 cargoes of liquefied natural gas (LNG) to cover demand for 2025, three trading sources told Reuters.The most populous Arab country last year returned to being a net importer of natural gas…

Tango FLNG Tops Guaranteed Production at Eni’s Gas Field Offshore Congo

Feb 05, 2025

The liquefaction of natural gas onboard the Tango floating liquefied natural gas (FLNG) unit at Eni’s Congo LNG project has exceeded the guaranteed levels.Following the monitoring of the liquefaction of natural gas onboard the Tango FLNG, the…

Japan's Mitsui Eyes Alaska LNG Project

Feb 04, 2025

Japanese trading house Mitsui could consider studying a project to liquefy natural gas (LNG) in the U.S. state of Alaska, but no decisions have been made yet, Chief Financial Officer Tetsuya Shigeta said on Tuesday.Japan is considering offering…

Baker Hughes Hooks Technology Supply Order for Venture Global LNG

Jan 31, 2025

Energy technology company Baker Hughes has signed a major contract to provide modularized liquefied natural gas (LNG) system and power island to support Venture Global (VG) LNG projects in the United States.Baker Hughes has also signed a multi-year services frame agreement…

European LNG Imports Up with Asian Influx

Jan 28, 2025

The world's imports of liquefied natural gas are set to jump to the highest in a year in January as Europe's winter demand draws cargoes away from top-consuming region Asia.A total of 38.12 million metric tons of the super-chilled fuel is on track to be imported in January…

TotalEnergies' Mozambique LNG Project Up for Delay Beyond 2029

Jan 23, 2025

TotalEnergies' $20 billion Mozambique LNG project will not be operational by 2029 as hoped, the French oil major said on Wednesday, citing the need to end force majeure and ensure security at the project site.TotalEnergies had previously said…

Rystad Energy: No Surprises on Trump’s Day 1

Jan 21, 2025

Donald Trump’s first day as president saw him take action on the energy industry, but there were no surprises, says Rystad Energy’s Head of New Energies Research, Artem Abramov.“In line with his election promises, Trump declared a national energy…

US NatGas Demand Could Hit Record High

Jan 21, 2025

U.S. spot natural gas and power prices soared to multi-year highs in several parts of the country with extreme cold expected to boost gas demand to a daily record high on Tuesday.Extreme weather has created havoc for power and gas markets in recent years as demand has come close to outpacing supply…

US LNG Export Permit Applications Back on Table under Trump’s Order

Jan 21, 2025

President Donald Trump issued an order on Monday for the U.S. to resume processing export permit applications for new liquefied natural gas (LNG) projects, part of an effort to raise U.S. energy output and dismantle his predecessor's climate policies…

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