GLNG - Global LNG
Gulfstream LNG receives regulatory approval to start pre-filing
Gulfstream LNG has been granted approval by the US Federal Regulatory Commission to commence the pre-filing process.
ADNOC takes 11% stake in NextDecade’s Rio Grande LNG
The United Arab Emirates’ state-run Abu Dhabi National Oil Company has purchased an 11.7% interest in NextDecade’s Rio Grande LNG project in Texas from Global Infrastructure Partners.
Asian spot LNG prices climb to highest levels since December
Hot weather across Asia has seen Asian spot LNG prices rise to their highest levels since December.
Japan’s JERA to pump over $32bn into LNG, green projects in the next 10 years
JERA, Japan’s largest power generation company, has announced plans to invest approximately JPY5 trillion over the next decade into expanding its existing renewable energy portfolio, developing new fuels and bolstering its LNG capabilities.
Golden Pass LNG builder files for bankruptcy
Zachry Holdings, the main contractor constructing Golden Pass LNG, a joint project of ExxonMobil and QatarEnergy, has filed for bankruptcy protection.
China flirts with record LNG imports for 2024
China reported another strong month of LNG imports in April with the East Asian country importing 6.22mn tonnes of LNG during the month.
ExxonMobil to drill two appraisal wells offshore Guyana
ExxonMobil is moving forward with plans to drill two appraisal wells in the Stabroek Block offshore Guyana, a document included in Guyana’s Official Gazette confirmed.
Brazil’s oil output surge expected to boost royalties by 20% in 2024
Brazil anticipates a significant surge in oil production this year, with projections suggesting that royalties from the sector will increase by 20.4%, totalling $17.7bn
Touchstone experiences 20% decline in quarterly oil and natural gas sales
Touchstone Exploration, a Trinidad-focused energy company, released its financial results for the first quarter of 2024, revealing a 20% y/y decline in oil and natural gas sales.
JERA announces $32bn investment in LNG, renewables, and new fuels
Tokyo-headquartered JERA is earmarking 5 trillion yen for investment in LNG, renewable energy, and new fuels over the next 10 years.
Brazil’s Volkswagen idles three plants after flooding, LPG deliveries hampered
Floods in Brazil's Rio Grande do Sul state have severely impacted the distribution of liquefied petroleum gas, reducing supply by 7-10% in the affected area during the first two weeks of May.
Lula pushes new Petrobras CEO for faster refinery and gas investments
In a strategic shake-up, Brazilian President Luiz Inacio Lula da Silva has named Magda Chambriard as the new CEO of national oil company Petrobras, urging her to speed up investments in refinery and natural gas projects.
Brazil’s Enauta starts anchoring FPSO Atlanta in Santos Basin
Brazilian oil and gas producer Enauta has commenced anchoring operations for the floating production storage and offloading unit Atlanta in the Santos Basin, offshore Brazil.
Brazil’s 3R agrees to acquire Enauta for $1.2bn
3R Petroleum Oleo e Gas SA has agreed to purchase Enauta Participacoes SA in an all-stock transaction, marking a significant consolidation in Brazil’s oil industry.
Senegal making strides in advancing offshore oil and gas projects
The Senegalese national oil company Petrosen has said it expects to see first production from the country’s inaugural offshore oil development in the coming days. The Sangomar deepwater oilfield will produce 100,000 bpd of crude oil.
Morocco to invest $7bn in energy projects over coming three years
Moroccan Energy Minister Leila Benali has said the government plans to invest $7bn in the country’s energy network to add 9 GW to its installed capacity by 2027 to reach a total of 20 GW.
Panama Canal Authority eyes LNG transit boost amid drought recovery
Ricaurte Vásquez Morales, Administrator of the Panama Canal Authority, revealed plans to engage American liquefied natural gas producers to address transit demand as the crucial waterway emerges from an extended drought.
Petrobras introduces new gas contracts amid newly liberalised Brazilian market
Brazil’s national oil company (NOC) Petrobras has announced plans to introduce new types of natural gas contracts in Brazil's open market, featuring more flexible and competitive terms.
Tanzania’s mining sector is about to take off despite government interference
Tanzania is emerging as an important hub for the mining of green energy transition minerals in East Africa, despite the government taxing the sector heavily.
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