Liquefied natural gas prices in North Asia, the world’s biggest market for the fuel, have slumped to the lowest in 17 months as the peak demand season ends with a whimper.
Revenue for fiscal-year 2018 amounted to $37.9 million (RUB 2,489 billion) , a 28.7% increase year-on-year.
They are slowly plowing their way across thousands of miles of ocean toward America’s Gulf of Mexico coastline. As they do, twelve empty supertankers are also revealing a few truths about today’s global oil market.
Equinor sold natural gas for around $26 billion in total in 2018, an increase of 29% from 2017.
Commonwealth LNG has received commitments from European buyers to take almost half of the liquefied natural gas (LNG) from its planned 8.4-million-tons-per-year export terminal in Louisiana.
Italian gas company Snam has ongoing discussions in China over possible business opportunities in the country, the group’s Chief Executive said.
Mexican President Andres Manuel Lopez Obrador’s race to build an oil refinery in record time on land that was until recently alive with mangrove, wild cats and boa constrictors, has run into trouble, complicating his effort to revive ailing state-oil company Pemex.
ExxonMobil Basestocks announced the commercial readiness of its EHC™ 50 and EHC™ 120 base stocks, following the on-time completion of the Rotterdam refinery expansion project.
ADNOC Refining took a step closer to building the world’s largest integrated refining and petrochemicals complex, in Ruwais, when it awarded a Pre-Front End Engineering and Designing (Pre-FEED) contract to the Wood Group, a global leader in engineering, project and technical services, for the new refinery in Ruwais.
Australia’s three east coast liquefied natural gas (LNG) plants are unlikely to ever run at their combined full capacity of 25.3 million tons a year as there is not enough gas to feed them and meet local demand, a study released said.
Heavy Canadian crude prices widened to the biggest discount against New York futures this year as pipeline-operator Enbridge reported that rationing on its heavy oil lines would increase next month.
Oceaneering International, Inc. has been awarded a two-year integrity management contract with Total E&P Danmark to support its significant Tyra Redevelopment project in the Danish North Sea.
America’s surging shale oil production shows little sign of abating, despite industrywide spending cuts, as explorers learn to do more with less.
Changing gas price dynamics caused by an influx of liquefied natural gas (LNG) to Europe have played into Russian producer Gazprom’s hands and enabled it to increase pipeline flows to the continent so far this year.
Anadarko Petroleum Corporation announced Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a Sale and Purchase Agreement (SPA) with Pertamina.
Indian Oil Corp (IOC) bought a commissioning cargo of liquefied natural gas (LNG) for its new Ennore terminal in south India