LNG

Belgium-based Exmar has reached a settlement agreement with Argentina state oil and gas firm YPF SA over the Tango floating liquefied natural gas (LNG) vessel docked at the Bahía Blanca port. YPF issued a force majeure notice in June claiming it couldn’t meet the terms of its charter agreement for the Tango vessel because of…

French major Total SE has delivered its first carbon-neutral liquefied natural gas (LNG) cargo, with the shipment going to state-controlled China National Offshore Oil Corp. (CNOOC), Total management said this week. “This first LNG shipment, whose carbon emissions have been offset throughout the value chain, represents a new step as we seek to support our…

Pilot LNG LLC has reached a milestone in its efforts to build the Gulf Coast’s first dedicated liquefied natural gas (LNG) bunker terminal by signing a heads of agreement (HOA) for a long-term supply deal with an affiliate of the GAC Group.  GAC Bunker Fuels procures fuel supplies for customers in the shipping industry. The…

Lifted by a major natural gas order from longtime partner Qatar Petroleum, Baker Hughes Co. saw its revenue climb and equipment orders increase during the third quarter by 4% sequentially. CEO Lorenzo Simonelli said he sees positives for natural gas, pointing to the major liquefied natural gas (LNG) order in Qatar. However, like his fellow…

The U.S. liquefied natural gas (LNG) sector could successfully work with either President Trump or Democratic nominee Joseph R. Biden Jr. in the upcoming presidential election, experts told NGI.   Trump has been a “great cheerleader for U.S. LNG” by raising the industry’s profile and addressing some regulatory bottlenecks during his first term, said LNG Allies…

Natural gas and oil operators are likely to report a return to normalcy — but not growth — when they unveil their third quarter results in the coming weeks, and demand forecasts may be hazy amid a historic hurricane season and the expanded wave of damaging Covid-19 infections.  Schlumberger Ltd., the world’s largest oilfield services…

A roundup of news and commentary from NGI’s LNG Insight Vessels with up to a 36-foot draft now allowed to transit Calcasieu Ship Channel (CSC) during day, allowing ballast LNG vessels to transit waterway. Fully loaded LNG vessels, with drafts of about 40 feet, unlikely to meet restrictions, but possibility remains for partially loaded ships…

With developments along the Louisiana coast appearing favorable for a ramp-up in export demand, natural gas futures surged in early trading Tuesday. The November Nymex contract was up 11.4 cents to $2.909/MMBtu at around 8:40 a.m. ET. Liquefied natural gas (LNG) feed gas demand climbed to 8.5 Bcf/d in early morning estimates from Bespoke Weather…

Natural gas futures started off the week lower amid further uncertainty surrounding the pace of liquefied natural gas (LNG) export recovery. A “complicated” weather outlook also left traders unsure of where to price gas, but a chillier turn in Monday’s midday models ultimately lifted the November Nymex contract up 2.2 cents to $2.795. December nudged…