Exports
US LNG exports reach 24 shipments
The agency said in its weekly report, citing shipping data provided by Bloomberg Finance, that the total capacity of these 24 LNG vessels is 90 Bcf. This compares to 22 shipments and 84 Bcf in […]
LNG
Exports
Atlantic LNG shipping rates dip to $3,500 per day
“Global LNG freight rates continue to hit new record lows this week, with the Spark30S (Atlantic) assessment dropping $5,500 to $3,500 per day – the lowest rates on record for a 174 2-stroke vessel, as […]
LNG
Hawaiʻi’s ‘new energy strategy’ opens door to liquefied natural gas imports
The site of Oʻahu’s demolished coal plant may become the home of a new fossil fuel facility. That’s one part of a plan released Tuesday by the Hawaiʻi State Energy Office that calls for liquefied natural gas […]
Electrical Generation / Utilities
PetroVietnam Power says LNG power plant ready for first grid connection
According to a statement by PV Power, the LNG power plant completed the no-load operation test at 3000 rpm on Wednesday and is ready to be connected to the grid for the first time on […]
Exports
Corpus Christi LNG expansion project 77.2 percent complete
Cheniere’s Corpus Christi plant currently liquefies natural gas at three operational trains, each with a capacity of about 5 mtpa. In June 2022, Cheniere made the final investment decision on the Corpus Christi Stage 3 expansion project, […]
Earnings
Shell’s Q4 profit reaches $3.66 billion, LNG sales drop
The UK-based firm said its adjusted earnings reached $3.66 billion in the fourth quarter, down compared to $7.3 billion in the comparable quarter last year. Adjusted earnings dropped 39 percent compared to $6.03 billion in the prior quarter. […]
LNG
Venture Global LNG awards contracts to Baker Hughes
Baker Hughes has been awarded a “major” contract to provide a modularized LNG system and power island to support Venture Global LNG projects in the US, the firm said on Thursday. In addition, Baker Hughes […]
Big Oil Companies
Big Oil Earnings Drop
Daily Standup Top Stories Big Oil Earnings Slump Puts Payouts to Investors Under Pressure January 29, 2025 Clark Savage Fourth-quarter profit to be lowest in more than three years Oil markets weigh uncertain outlook driven by […]
Electrical Generation / Utilities
Three firms seal $3.3 billion LNG-to-power deal in Philippines
The three firms announced in separate statements on Tuesday the completion of the transaction. The transaction involves the acquisition by MGen and TNGP, through Chromite Gas (CGHI), of a 67 percent equity interest in South […]
Exports
Venture Global gets OK to introduce gas to seventh Plaquemines liquefaction block
The US FERC approved Venture Global Plaquemines LNG’s request from January 22 to commission and introduce hazardous fluids to liquefaction block 7, it said in a filing dated January 28. Earlier this month, the regulator […]