Natural Gas World

2,276 Added | 1 Magazine | 2 Likes | 1 Following | 61 Followers | @NaturalGasWorld | Natural Gas News, analysis and opinion on natural gas matters from around the world.

Shell Topsides Lift Sets World Record

Allseas’ heavy lift and pipelay vessel <i>Pioneering Spirit</i> set a world lifting record with the safe and successful removal of Shell UK’s 24,000 ton …

Oil

Chevron Reverses Loss into Strong Profit

US major Chevron reported 1Q earnings of $2.7bn, compared with a loss of $725mn in 1Q2016, and said it was looking forward to a reliable period of …

Oil

Exxon 1Q Earnings More than Doubled

ExxonMobil reported net 1Q earnings of $4bn, up 122% from its $1.8bn in 1Q2016, it said April 28.Upstream earnings of $2.3bn improved on higher …

Oil

Singapore launches standard for LNG bunkering

Singapore April 28 launched its first technical framework for LNG bunkering.<p>The Singapore Technical Reference (TR) 56 was launched April 28 by the …

Singapore

Turkish Energy Strategy Is Long-term: Erdogan

Turkey's energy projects must not focus on the quick buck, the country's president Recep Tayyip Erdogan told delegates at the Atlantic Council summit …

Turkey

Low prices hit India’s upstream

Relatively cheap LNG has eased the pressure on India to produce more of its own gas, but it is trying to make terms more attractive for the …

India

Shell, Omani Firm sign HoA

Oman Oil Company Exploration & Production (OOCEP) and Shell have signed a heads of agreement to collaborate on Oman Block 42, Shell said April 27. …

Oil

Aker BP Buoyed by Prices, Production Rise

Norway's Aker BP, the joint venture formed last year, said April 28 that its 1Q net profit doubled year on year to $69mn (1Q2016: $32mn).<p>Earnings …

Oil

Ukraine Criticised by UK's Cadogan

UK-listed Cadogan Petroleum said it has continued to diversify its E&P portfolio away from Ukraine, where all its modest production, mostly gas, is …

Russia

Green Dragon Gas Reports 2016 Loss

China-focused, UK-listed coalbed methane (CBM) explorer Green Dragon Gas slipped into loss for the calendar year 2016 due to its under-performing …

Markets

Sinopec Profit Surges, Shale Project On Track

Chinese Sinopec April 27 reported a 158% year on year increase in 1Q profit on the back of higher oil price and stable demand. For the quarter that …

Oil

OMV Interims Beat Forecasts

Ahead of 1Q2017 results on May 11, Austria’s OMV late April 27 released unaudited earnings which it describes as “significantly above the analysts’ …

Markets

Tanzania's Mnazi Bay Disappoints

French affiliate Maurel & Prom, now controlled by Indonesian state Pertamina, released 1Q turnover and production on April 27.<p>Its Tanzanian net gas …

Dar Es Salaam

Lithuania’s gas bubble

<b>First it had gas only from Russia; but diversification into LNG has proved a mixed blessing for Lithuania which is now trying to onsell its …

Lithuania

Gas depresses coal's share of US and UK generation

Market forces in the US and a price floor in the UK show different ways of reaching the same result, even if it is not a matter of policy.<p>Electricity …

Clean Energy

BP Buys Up Minority Shareholder offshore Senegal

BP has said it agreed this month to acquire the full 30% minority participating interests held by Timis Corporation in two blocks offshore …

Oil

Win-Win from East Med Gas Co-operation

Gas produced from the eastern Mediterranean – even from the deepwater Leviathan field offshore Israel – is cost-competitive with coal and has the …

Israel

Petrovietnam gets green light for gas pipe

Vietnamese government has awarded a licence to state-owned Petrovietnam and its foreign partners to invest $1.27bn in a gas pipeline in southern …

Oil

Wintershall Profits Triple, on Higher Prices

German chemicals giant BASF increased its 1Q profits from its oil and gas (Wintershall) division threefold to €140mn, from just €47mn in 1Q2016, …

Oil

Teething problems in Romania’s free market

Romania’s wholesale gas market was liberalised in April this year. Households are exempt for now while transmission, storage, distribution and supply …

Markets

US Not a Swing Crude Producer: Economist

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Economics

EU Agrees Gas Security Rules

Any EU country facing an emergency gas shortage will be able to alert another member state of the impending supply crisis and trigger cross-border …

Brexit

Total Commits to Argentina Shale Gas

Total increased adjusted 1Q2017 net profit to $2.6bn, a 56% increase year on year, it said April 27, also announcing a major investment in …

Oil

Poland Buys US LNG

Poland’s dominant gas supplier PGNiG said April 27 it expects Poland to receive its first US LNG cargo in the first half of June.<p>It will be delivered …

Cold War

Gas, Law and Politics in Europe

In his March appearance at Columbia University’s Center on Global Energy Policy, Maros Sefcovic, a vice-president of the European Commission in …

Brexit

Vopak, Exmar Ditch Tie-Up

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Energy

Hess Looks to 3Q Malay Gas Launch - News By Topic

Hess reported a net 1Q loss of $324mn on April 26, less than its $509mn net loss in 1Q2016, as it looked ahead to higher production later in the year.<p>…

Oil

Uniper Opens Berlin LNG Filling Station

Berlin’s first publicly open LNG filling station for vehicles was opened by Germany’s Uniper on April 25.<p>The facility was opened by Uniper-owned …

Transportation

Managing the Global Energy Transition

For the first time, in March of this year the International Energy Agency (IEA) and the International Renewable Energy Agency (Irena) issued a joint …

Clean Energy

India's FY17 CBM output spikes

India’s coalbed methane production in the 12-month period ending March 31 2017 was 0.564bn m3, up 44% year on year, according to latest data from the …