New Fortress Energy

New Fortress Finalizes Deal with Pemex to Develop Lakach Field, Advance Fast LNG

New Fortress Finalizes Deal with Pemex to Develop Lakach Field, Advance Fast LNG

New Fortress Energy Inc. (NFE) is steaming ahead with another LNG export project in Mexico. The company said it has finalized a deal with Mexican state oil firm Petróleos Mexicanos (Pemex) to develop and operate a natural gas field and a liquefaction project off the coast of Veracruz. The offshore liquefaction plant at the Lakach…

November 23, 2022
Mexico’s CFE Teaming Up with International Firms to Build Energy Security

Mexico’s CFE Teaming Up with International Firms to Build Energy Security

Top Mexican officials were in Texas earlier this month laying out their new strategy for natural gas. Speaking on Wednesday (Nov. 16) at LDC Forums’ annual US-Mexico Natural Gas Forum in San Antonio, CFEnergía head Miguel Reyes said Mexican utility Comisión Federal de Electricidad (CFE) and international firms would now work together to solve natural…

November 21, 2022
New Fortress to Bring Online ‘More Than Half’ of World’s New LNG Export Capacity in 2023-2024

New Fortress to Bring Online ‘More Than Half’ of World’s New LNG Export Capacity in 2023-2024

New Fortress Energy Inc. (NFE) expects to finish building its first “Fast LNG” unit by March and start operations by the middle of next year offshore Mexico’s east coast, with several more units to follow shortly thereafter. NFE has finalized a series of liquefied natural gas agreements with Mexican state electricity firm Comisión Federal de…

November 9, 2022
Baker Hughes CEO Forecasts ‘Multi-Year Upturn’ in Global Upstream Spending

Baker Hughes CEO Forecasts ‘Multi-Year Upturn’ in Global Upstream Spending

The executive team of Houston-based Baker Hughes Co. acknowledged there were challenges during the third quarter of 2022, but overall the team remains optimistic about the emerging upcycle, with a continuing bullish view for LNG. The oilfield services (OFS) giant operates around the world in four segments: OFS, Oilfield Equipment (OFE), Turbomachinery & Process Solutions…

October 24, 2022
Baker Hughes Bullish on LNG, but Brownfield Expansions Likely to Eclipse Newbuilds

Baker Hughes Bullish on LNG, but Brownfield Expansions Likely to Eclipse Newbuilds

Houston-based Baker Hughes Co. kicked off third quarter earnings season for the oil and natural gas sector on Wednesday, acknowledging challenges but optimistic about the emerging upcycle, with a continuing bullish view for LNG. The oilfield services (OFS) giant operates around the world in four segments: OFS, Oilfield Equipment (OFE), Turbomachinery & Process Solutions (TPS),…

October 19, 2022
NFE Planning to Deploy Fast LNG Tech in Mexico

NFE Planning to Deploy Fast LNG Tech in Mexico

New Fortress Energy Inc. (NFE) is looking to develop up to four fast LNG (FLNG) projects offshore Mexico’s Gulf Coast amid the global natural gas supply crunch, management said during an earnings call last week. This is in addition to the company’s first FLNG project currently under development offshore Louisiana. At the port of Altamira,…

August 12, 2022
Chart Industries Anticipates More Large-Scale LNG, FLNG Projects

Chart Industries Anticipates More Large-Scale LNG, FLNG Projects

Chart Industries Inc. expects more LNG terminal customers to sanction large-scale and modular projects in the near term, increasing its already sizable list of orders, as exporters rush to meet skyrocketing demand for natural gas. Ball Ground, GA-based Chart reported to investors last week it broke records across the board during the second quarter, recording…

August 1, 2022
New Fortress Spins-Off Midstream Assets in Bid for LNG Infrastructure Capital

New Fortress Spins-Off Midstream Assets in Bid for LNG Infrastructure Capital

New Fortress Energy Inc. has announced plans to spin-off the majority of its midstream liquefied natural gas business (LNG) into a new joint venture with Apollo Global Management Inc. as it focuses on its own Fast LNG infrastructure. New York-based NFE disclosed its plans to sell 11 LNG assets to the new joint venture in…

July 6, 2022
New Fortress Puerto Rico LNG Terminal Falls Under FERC Authority, Says Court

New Fortress Puerto Rico LNG Terminal Falls Under FERC Authority, Says Court

A federal court has ruled that FERC has authority to regulate New Fortress Energy Inc.’s (NFE) small-scale liquefied natural gas (LNG) terminal in Puerto Rico, rejecting an argument that the Commission revised definitions of a pipeline to assert authority. A panel of three judges with the U.S. Court of Appeals for the District of Columbia…

June 15, 2022
New Fortress Racing to Fill Global LNG Supply Gap

New Fortress Racing to Fill Global LNG Supply Gap

New Fortress Energy Inc. (NFE) is working to expand natural gas liquefaction capacity to fill a short-term gap in global supplies and meet demand faster than its rivals.  The company plans to file applications this summer for another six floating liquefaction facilities in the Gulf of Mexico (GOM) that could be deployed more quickly than…

May 10, 2022
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