News
June 12, 2024
ADNOC made the final investment decision to build the LNG plant in the industrial city of Ruwais, according to a statement. The project will add 9.6 million tons of annual gas export capacity and more than double ADNOC's production capability.
News
June 05, 2024
The U.S. LNG developer has reviewed various equity investment offerings from the energy companies related to its proposed Driftwood plant, said the people, who asked not to be named as they’re not authorized to speak to the media.
News
June 04, 2024
The FPSO is expected to process over 500 Mmcfgd. It will remove water, condensate and impurities from the gas before transferring it via pipeline to the Floating Liquified Natural Gas (FLNG) vessel at the Hub Terminal approximately 10 km offshore.
News
May 30, 2024
The loan for the Scarborough project, which is scheduled to deliver its first LNG shipment in 2026, will come from the Japan Bank for International Cooperation. The public financial institution has stepped-up efforts to secure LNG, including granting loans for fuel purchases.
News
May 23, 2024
Energy Workforce & Technology Council President Tim Tarpley issued a statement in response to Energy Secretary Jennifer Granholm’s testimony before the U.S. House Committee on Oversight. During the hearing, Representatives discussed the ongoing LNG export permit pause, the push towards electric vehicles and energy appliance standards.
News
May 22, 2024
Seatrium Limited has successfully clinched a Favored Customer Contract (FCC) with Hyundai LNG Shipping, marking its first long-term strategic partnership agreement with a leading Korean Liquefied Natural Gas (LNG) company for the repairs and upgrades of its LNG carriers.
News
May 22, 2024
Abu Dhabi National Oil Co. (ADNOC) will purchase the stake in the Area 4 concession from Galp Energia SGPS SA, it said in a statement Wednesday. Galp will receive $650 million, and further contingent payments of as much as $500 million when two planned development phases go ahead, the Portugese company said in a separate statement.
News
May 20, 2024
ADNOC has acquired an 11.7% stake in Phase 1 of NextDecade Corporation’s Rio Grande LNG in Texas, United States. The project is expected to produce a less carbon-intensive LNG. Additionally, ADNOC and NextDecade have entered into a 20-year LNG offtake agreement from RGLNG Train 4.
News
May 15, 2024
Developed by Italy’s Eni, the project delivered its first LNG cargo this year and has laid the foundation for new investments in Congolese gas.
News
May 13, 2024
TechnipFMC will design, manufacture, and install the subsea production system, flexible pipe, and umbilicals for the Xena Infill well (XNA03) to support ongoing production from the Pluto LNG Project. The award follows an integrated front end engineering design (iFEED™) study.
News
May 08, 2024
The Ruwais LNG plant is set to be the first LNG export facility in the Middle East and Africa region to run on clean power and will leverage the latest technologies and artificial intelligence (AI) tools to minimize emissions and drive efficiency.
News
May 06, 2024
The company expects to make additional investments in the proposed Commonwealth LNG project in Louisiana. Kimmeridge is also open to deals with other U.S. LNG export projects.
News
May 05, 2024
The discussions involve liquefied gas to be produced at Tellurian’s proposed Driftwood LNG project in Louisiana and NextDecade’s Rio Grande terminal in Texas, said the people, who asked not to be named discussing non-public information.
News
May 02, 2024
Commissioner Christian denounced President Biden's actions as election year politics, asserting that the pause on LNG exports would neither reduce emissions nor benefit allies, instead making energy more expensive and less accessible.
News
April 24, 2024
The contract covers Engineering, Procurement and Construction (EPC) of a natural gas liquefaction train with an LNG production capacity of 1 MMtpa.
News
April 24, 2024
Texas LNG Brownsville LLC and a subsidiary of Glenfarne Energy Transition, LLC, has signed a second Heads of Agreement (HOA) with EQT Corporation for natural gas liquefaction services for an additional 1.5 MMtpa of LNG over 20 years.
News
April 23, 2024
The Ruwais project, which is currently fully owned by Adnoc, will have the capacity to export 9.6 million tons of LNG per year, more than doubling the UAE’s total output
News
April 22, 2024
The Marsa LNG project combines upstream gas production of 150 MMcfd with a 1 MMtpa capacity LNG liquefaction plant and a dedicated 300 MWp PV solar plant, positioning the site as one of the lowest GHG emissions intensity LNG plants ever built worldwide, with a GHG intensity below 3 kg CO2e/boe.
News
April 17, 2024
In the Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasted that U.S. liquefied natural gas (LNG) exports will keep leading the U.S. natural gas sector as three LNG export projects soon begin operations and reach full production by the end of 2025.
News
April 08, 2024
Jamie Dimon said U.S. delays of liquefied natural gas (LNG) projects were done for “political reasons” to pacify those who believe oil and gas projects should be stopped — a position he calls “wrong” and “enormously naïve.”
News
April 08, 2024
Baker Hughes will supply a range of turbomachinery equipment, including four electric-driven main refrigeration compressors, two electric-driven boil-off gas compressors and six centrifugal pumps.
Connect with World Oil
Connect with World Oil, the upstream industry's most trusted source of forecast data, industry trends, and insights into operational and technological advances.