For the first time in a decade, a massive new liquefied natural gas (LNG) project has been approved for construction in Australia, but the Scarborough venture's structure and market realities indicate it may well be the last of its kind.Woodside…
Australian shares ended higher on Tuesday, buoyed by gains in the mining and energy sectors, a day after BHP Group and Woodside Petroleum gave the final sign-off on their $12 billion Scarborough LNG project.The S&P/ASX 200 rose 0.78% to close at 7…
Woodside Petroleum and BHP Group gave their final go-aheads to spend $12 billion to develop the Scarborough gas field off Western Australia and expand the Pluto liquefied natural gas (LNG) plant, with the first cargo expected in 2026.The approval…
Tanker rates to ship liquefied natural gas (LNG) across the Pacific hit a fresh record high on Friday as high demand for the U.S. super chilled fuel from Asia drives up the demand for vessels, industry sources told Reuters.The cost of chartering…
Lawyers for the Conservation Council of Western Australia have sent letters to Woodside Petroleum and the country's energy minister seeking to delay, if not stop, the company's Scarborough natural gas project.The letters were sent just weeks…
Australia's Woodside Petroleum on Monday took a big step toward funding its biggest growth project, announcing the sale of a 49% stake in the planned expansion of its Pluto liquefied natural gas (LNG) plant in Western Australia.In a statement…
Qatar's state-run energy firm QatarEnergy, until recently known as Qatar Petroleum, has ordered six LNG tankers, four from Daewoo Shipbuilding & Marine Engineering (DSME) and two from Samsung Heavy Industries (SHI) in support of its North Field expansion project…
Norwegian offshore energy equipment supplier Aker Solutions has won more work at Chevron's Jansz-Io subsea gas compression development, offshore Australia.After it in July secured a contract to deliver the subsea compression system for the project…
Chinese oil giant Sinopec has signed a 20-year liquified natural gas contract with U.S. LNG producer and exporter Venture Global LNG on November 4, 2021, to purchase 4 million tons of LNG a year. Venture Global will supply the LNG from its plant in Plaquemines…
India received its first import of liquefied natural gas (LNG) from Russia's Yamal LNG project over the weekend, Refinitive Eikon LNG flows data showed.The cargo was supplied by Russian gas company Gazprom under its long-term LNG sales deal with GAIL (India) Ltd…
Nakilat and Karpowership signed a Memorandum of Understanding (MoU) to collaborate in the LNG-to-power market and jointly own and operate Floating Storage Regasification Units (FSRUs).'This fits very well with Nakilat’s long-term growth plan…
Demand for liquefied natural gas (LNG) is expected to rise by 25 to 50% by 2030, making it the fastest growing hydrocarbon over the next decade, analysts from Morgan Stanley Research said in a note on Monday.Morgan Stanley has raised its long…
Delta Offshore Energy (DOE), a company working to develop the 3200 MW Bac Lieu LNG-to-Power Project in Vietnam, has said that model testing of the LNG receiving terminal technology has been successfully completed.As previously reported DOE Delta…
East Timor wants to press ahead with plans for a carbon capture and storage (CCS) project in a depleted oil and gas field off its coast as it races to fill a multi-billion dollar revenue hole starting in late 2023 when the field dries up.The…
India, grappling with its worst power crisis in five years, has asked Qatar to expedite delivery of 58 delayed liquefied natural gas (LNG) cargoes, two sources familiar with the matter said.Asia's third largest economy is suffering its worst…
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