GLNG - Global LNG

YPF to pay Exmar $150mn to exit Tango FLNG charter

Argentina’s national oil company (NOC) YPF has reportedly agreed to pay Belgium’s Exmar $150mn in compensation for the early termination of a charter agreement for the Tango floating LNG (FLNG) vessel.

Oil Search’s revenue nearly halved in Q3

Australia and Papua New Guinea (PNG) listed Oil Search saw its third-quarter revenue fall by nearly half on the back of lower oil and gas prices.

China warns over possible domestic gas supply interruptions

China could experience tight natural gas supplies this winter, despite investment in recent years on building out import capacity, underground storage and domestic transportation infrastructure.

Kinder Morgan receives green light to start Acadiana construction

Kinder Morgan has received permission from the US Federal Energy Regulatory Commission (FERC) to begin construction on the Acadiana natural gas expansion project in Louisiana.

European gas demand never to return to pre-pandemic levels: IEA

Pirates seize LNG tanker from Punta Europe LNG terminal

An LNG tanker has been seized by pirates off the coast of Equatorial Guinea, according to Dryad Global, a UK-based maritime security firm.

Bank of Mozambique publishes plan for establishing gas fund

Mozambique’s central bank has publicised its plan to set up a new sovereign wealth fund for future earnings from natural gas and LNG projects.

Philippines lifts upstream moratorium in disputed waters

The Philippines has lifted a six-year moratorium on exploration in disputed waters of the South China Sea in response to growing concerns over the country’s future energy security.

Valeura Energy selling conventional gas production business in Turkey to UK-based TBNG

NRG: Challenges ahead

Certain developments in recent days illustrate the scale of ongoing challenges for the oil and gas industry, but various players are forging ahead undeterred.

South Korean yard wins $1.7bn order for Arctic LNG-2 carriers

IEA dismisses near-term peak in oil demand, sees firm outlook for gas

India’s ‘all but lost ONGC Videsh-discovered Farzad-B gas field as Iran decides for local firm’

Turkey raises estimate of its ‘giant gas discovery’ but sceptics aren’t buying story on evidence so far

Analyst points out that as Turkish national oil co has gone it alone in exploration, there's “no witness” to back up claims reserves are a “game-changer”. Notes gas find is “a feel-good domestic story to sell in troubled times”.

Unplanned outages plague LNG plants

A handful of liquefaction terminals around the world are dealing with unplanned outages.