GLNG - Global LNG

ExxonMobil, Chevron release capex and production plans

ExxonMobil, the western world’s largest oil company, on December 11 unveiled a plan to up its spending on oil production, while its smaller rival Chevron said the week before it would reduce its capex while also increasing production.

TotalEnergies expands Malaysian gas operations with strategic acquisition

French energy leader TotalEnergies has solidified its presence in Malaysia's offshore gas sector by acquiring full ownership of SapuraOMV Upstream.

Petrobras, Ecopetrol confirm largest-ever gas find in Colombia

Petrobras, through its Colombian branch PIB-COL, and Ecopetrol have confirmed the largest natural gas discovery ever in Colombia, located at the Sirius-2 well.

Bangladesh secures investment from Chevron, picks LNG suppliers

The new government in Dhaka is addressing Bangladesh’s energy concerns by settling arrears with Chevron and clearing way for new gas exploration. It has also compiled a new list of potential spot LNG suppliers.

Argentine energy sector to generate $25bn annual surplus by 2030, recent report finds

Argentina's hydrocarbon sector is poised for substantial growth, with the Chamber of Exploration and Production of Hydrocarbons forecasting an annual energy balance surplus of $25bn by 2030, according to a recent sector analysis.

YPF shares surge amid hopeful economic outlook

YPF shares have surged 132% in 2024, climbing from $25.37 to $38.39 since November 1, driven by the government's macroeconomic policies and the company's strategic 4x4 program, according to CEO Horacio Marín.

Novatek CEO very bullish on future global LNG demand

Global LNG demand will surge to around 920mn tonnes per year by 2040, the head of Russia’s biggest LNG exporter Novatek, Leonid Mikhelson, said at a forum on December 5.

EXPLAINER: US sanctions on Gazprombank and what they mean for Russian gas in Europe

The sanctions have created some uncertainty and difficulties, but are unlikely to cause disruptions to gas flows, especially now that Russia has eased its own restrictions for payments.

Vaca Muerta oil and gas investments expected to rise above $9bn over the next year

Investment confidence in Neuquén's hydrocarbon sector continues to strengthen, with projected investments exceeding $9bn for Vaca Muerta operations in the coming year, following a record-breaking 2024 production period.

ADNOC finalises 15-year LNG supply deal with Petronas

Abu Dhabi National Oil Company has agreed to a 15-year sales and purchase agreement with Malaysia’s Petronas for 1mn tonnes per year of LNG.

GLNG: Germany’s SEFE agrees to supply deal with Angola LNG

Germany’s SEFE agrees to supply deal with Angola LNG

Berlin-headquartered gas importer Securing Energy for Europe (SEFE) has agreed to purchase 0.5mn of supply from Angola LNG on a medium-term contract.

Egypt signs ten-year agreement with New Fortress to lease floating gas unit

The Egyptian Natural Gas Holding Company (EGAS) has signed a ten-year agreement with New Fortress Energy (NFE) to lease a floating storage and regasification unit.

Japanese trading giant Mitsui, TotalEnergies aim to resume construction of $20bn LNG project in Mozambique

Indian Gas Exchange reports 12% decline in November trading volumes

The Indian Gas Exchange (IGX) reported a traded gas volume of 2.5 mmscm in November, reflecting a 12% year-on-year decline, according to its statement on December 4.

Pakistan delays LNG imports from Qatar to 2026 despite surplus

Pakistan has postponed a deal to procure liquefied natural gas (LNG) from Qatar by a year, with deliveries now scheduled for 2026 instead of 2025.

Fortis applies for environmental assessment for Tilbury Phase 2 LNG expansion project

Canadian natural gas utility Fortis BC has applied for an environmental assessment with British Columbia regulators for the Tilbury Phase 2 LNG expansion project.

Court dismisses suits against Zachry Industrial over fire at Freeport LNG terminal

A US court has thrown out two lawsuits by Allianz Global Risks US Insurance Co. against Zachry Industrial and its joint venture partners, which sought damages of $1.3bn stemming from a fire and explosion at the Freeport LNG terminal in Texas.

Poland’s Gdansk FSRU moves ahead with pipeline construction work

Poland’s transmission system operator Gaz-System has revealed that it has signed deals with construction contractors for all onshore gas pipelines required for the country’s first floating storage and regasification unit.

Argentina’s YPF enters into landmark floating LNG project with Golar LNG, Pan American Energy

Argentina's state energy firm YPF has entered into a landmark $3bn floating LNG project alongside Golar LNG and Pan American Energy, marking a significant expansion of the country's LNG export capabilities.

Inflationary pressures reducing competitiveness of US LNG, analysts say

New US LNG projects face inflationary concerns as the rising costs of constructing and equipping new facilities is lowering their competitiveness in the global market.

VTTI, Snam complete takeover of Adriatic LNG

Energy infrastructure firms VTTI and Snam have completed their acquisition of Italy’s largest LNG regasification terminal – the 9.6 bcm per year Adriatic LNG facility.

Harbour Energy acquires stake in Argentina's first LNG project

British energy firm Harbour Energy has acquired a 15% stake in Argentina's first LNG export project, which will feature a floating liquefaction vessel in Río Negro's San Matías Gulf.

China’s ship-building order sheet adds six new LNG dual-fuel PCTCs

Singapore-based Eastern Pacific Shipping (EPS) has ordered six new pure car and truck carriers (PCTCs) as part of its drive towards sustainability and fleet expansion. The vessels are all to be LNG dual-fuel powered.

Cyclone Remal inflicts $622mn in economic losses on Bangladesh

Cyclone Remal has inflicted approximately $622mn in economic losses and damages on Bangladesh, primarily due to the extended non-operation of one of its two floating storage and regasification units.