New Fortress Energy

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…

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…

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),…

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,…

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…

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…

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…

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…

A liquefied natural gas (LNG) facility planned in northeasteastern Pennsylvania, designed to tap into the Marcellus Shale, has for now been put on hold after the developer reached a settlement with environmental groups. The settlement announced Monday by Pennsylvania-based environmental group PennFuture and other national organizations outlines plans for the facility’s developer to allow its…