Liquefied natural gas (LNG) producers around the globe are once again considering new investments as expectations of a glut in supply wither away in the face of strong, China-led demand growth in Asia.
Total SA said it will not risk investing in Iran following the return of U.S. sanctions, unless it can secure a waiver.
Oil rose to $80/bbl for the first time since 2014 as U.S. crude inventories fell and traders braced for the impact of renewed sanctions on OPEC member Iran.
FERC has authorized additional Atlantic Sunrise Pipeline operations that add 150,000 MMcf/d of incremental capacity and enable bi-directional flow on Transco's existing system.
he chief executive of the LNG Canada project on British Columbia's northern coast said that the company was committed to starting construction on the C$40 billion ($31.1 billion) liquefied natural gas export project this year.
GTT has received an order notification from an Asian shipyard for the design of the LNG tanks of two new LNG carriers (LNGCs). These vessels will be built on behalf of a European shipowner.
The Abu Dhabi National Oil Company (ADNOC) announced that it has signed a Memorandum of Understanding (MOU) with Ravago Group (Ravago), a leading service solutions provider in the global polymers and chemicals market, to explore opportunities for cooperation at the Ruwais Industrial Complex in the UAE.
U.S. agribusiness group Bunge said on Wednesday it was reducing biodiesel output at a German refinery, the latest in a series of production cuts in Germany following a surge of cheap imports of the green fuel into Europe.
Iran plans to sign a $1.16-billion agreement with the UK’s Pergas Resources International Ltd. to work on a southern oil field, marking the Persian Gulf nation’s first energy venture with a foreign company since U.S. President Donald Trump ripped up the Iran nuclear deal.
Wintershall has, together with its partners Capricorn, Spirit Energy, Edison and DEA, submitted the Plan for Development and Operation (PDO) for its operated North Sea Nova field (formerly Skarfjell) to the Norwegian Ministry of Petroleum and Energy.
The gas market is being flipped upside down.
Oil climbed to a three-year high near $79/bbl in London on heightened political risks in the Middle East following unrest in Gaza and the return of sanctions against Iran.
The Croatian government proposed a special law on Thursday to facilitate the construction of an EU-backed liquefied natural gas (LNG) terminal in the northern Adriatic.
Air Products announced it has inaugurated its new world-scale industrial gas complex within the Integrated Refinery Expansion Project (IREP) of the BPCL Kochi Refinery located in Kochi, India.
Qatar Petroleum has invited a group of leading international companies, with extensive experiences in the petrochemicals industry, to submit proposals for partnering with Qatar Petroleum in the development and operation of a new world-scale Petrochemicals Complex at Ras Laffan Industrial City.
ExxonMobil Catalysts and Licensing LLC and BASF Corporation have signed an alliance agreement to jointly develop new gas treating solvents and process technologies for use in natural gas processing and petroleum refining.