BHP Group is in talks with three companies for the supply of liquefied natural gas (LNG) to fuel five ships it plans to use to transport iron ore between western Australia and China, a senior company executive told Reuters.A contract is expected to be awarded next month after an initial 8 to 10 firms vied for delivery of the super-chilled fuel to the miner over 2022 to 2027, Rashpal Bhatti, BHP's vice president for maritime and supply chain excellence told Reuters…
The number of ships fueled by liquefied natural gas (LNG) is expected to more than double by 2030, driven by the shipping industry's desire to cut emissions, a senior executive at Malaysia's Petroliam Nasional Bhd (Petronas) said on Wednesday…
South Korean shipbuilding giant Hyundai Heavy Industries' Floating LNG to Power solution - Hi-FL2P - has been granted an approval in principle certificate by the global classification society Bureau Veritas.‘Hi-FL2P’ has been described as an…
Woodside-operated North West Shelf (NWS) LNG project in Australia could have up to 7 million tonnes per annum (mmpta) of spare capacity available by 2027. This equates to 40% of the project’s nominal capacity, energy intelligence firm Wood Mackenzie said in a report this week…
Delta Offshore Energy (DOE), a company developing an offshore gas to power project in Vietnam, has signed a technology license agreement with Stena Power & LNG Solutions.Under the agreement, Stena will grant DOE a license to use its Jetty-Less…
Russian gas company Novatek has said it has shipped its first LNG Cargo to the United Arab Emirates.Novatek said Friday that the cargo was shipped from the Yamal LNG project by its subsidiary NOVATEK Gas & Power Asia under a spot contract.'The…
Asian spot liquefied natural gas (LNG) prices hovered above $4 per million British thermal units (mmBtu) this week as cargo loadings from the United States were delayed due to a powerful hurricane.The average LNG price for October delivery into northeast Asia <LNG-AS> was estimated at about $4…
Oil Search Ltd aims to start producing oil in Alaska in 2025 and expand Papua New Guinea (PNG) gas exports from 2027, after slashing costs to weather weaker oil prices in the wake of the coronavirus outbreak, its chief executive said on Tuesday…
Australia's North West Shelf LNG venture has agreed key terms for processing third-party gas from the Pluto and Waitsia gas projects, operator Woodside Petroleum said on Monday.Gas from Woodside's Pluto project could start going into the North…
Oil and gas giant Shell has signed long-term charters for six newbuild liquefied natural gas (LNG) carriers.Shell has signed separate agreements for two LNG ships each with affiliates of Knutsen LNG, Korea Line Corporation, and ICBC Financial Leasing and institutional investors advised by J…
Russian oil and gas company Novatek has said it has shipped the first cargo of liquefied natural gas (“LNG”) from its Yamal LNG project to Japan transported eastbound via the Northern Sea Route.The LNG cargo was delivered by the 299 meters long…
Chevron Corp is inspecting propane heat exchangers on train 2 at its Gorgon liquefied natural gas (LNG) plant in Australia, the company said on Wednesday, following maintenance that was due to be completed by July 11.The inspections are delaying the restart of the train…
India’s new deepwater gas production could be under pressure from low spot LNG prices, says Wood Mackenzie.Deepwater is expected to drive India’s gas production growth, adding over 1 billion cubic foot per day (bcfd) of new supply by 2023. However…
Russia's Gazprom Neft has sold its first ever Arctic oil cargo to China to ChemChina, two sources familiar with the deal told Reuters on Thursday.This week, Gazprom Neft said it had sent 144,000 tonnes of light Novy Port oil grade to the Chinese…
Australia's Woodside Petroleum Ltd reported a worse-than-feared 29% drop in quarterly revenue, hit by weak spot liquefied natural gas (LNG) prices, but said it still expected to book a net profit in the first half.The hit came due to the double…
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