Shell revealed this in its third-quarter update note on Monday. The company’s adjusted earnings reached $6.29 billion in the second quarter, a rise of 24 percent compared to the second quarter in 2023, while Shell’s […]
Bulgargaz recently launched three tenders for the delivery of five cargoes during the upcoming autumn-winter season. The company previously awarded the October LNG cargo to TotalEnergies and this shipment was already delivered to Gastrade’s FSRU-based LNG terminal […]
Last week, LNG shipping rates also declined. “Spark30S Atlantic rates dropped for a second consecutive week, reducing by $6,250 to $51,500 per day,” Qasim Afghan, Spark’s commercial analyst, told LNG Prime on Friday. Image: Spark He […]
Whereas the latest oil price rally comes as a boon for long-suffering oil bulls, countries that rely heavily on Middle Eastern energy imports are by no means celebrating. In August, the Middle East accounted for […]
ExxonMobil picked Chart on behalf of Mozambique Rovuma Venture (MRV), which includes Italy’s Eni and China’s CNPC. The LNG project will liquefy natural gas from reservoirs of the Area 4 block of the offshore Rovuma […]
The peer-reviewed study contradicts a wide body of scientific literature showing that liquefied natural gas is lower in emissions than coal. A study cited by supporters of the Biden-Harris administration’s pause on liquified natural gas […]
The 2009-built 165,500-cbm, Seapeak Magellan, which is on charter to France’s TotalEnergies, was located at the 153,600-cbm FSRU, Alexandroupolis, on October 3, its AIS data provided by VesselsValue shows. Seapeak Magellan is loaded with a […]
McDermott announced the engineering, procurement, construction, and installation (EPCI) contract in a statement on Thursday. The company did not provide the contract price. McDermott said this new contract is in addition to the awards received […]
Pouyanne discussed the Mozambique LNG project during TotalEnergies’ strategy and outlook presentation in New York on Wednesday. According to the company, the giant project is expected to launch operations in 2029. “So, the 2029 target, […]
The agency said in its weekly report, citing shipping data provided by Bloomberg Finance, that the total capacity of these 25 LNG vessels is 94 Bcf. This compares to 22 shipments and 83 Bcf in the week […]
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