LNG
ExxonMobil and its Area 4 partners have awarded $1.1 billion in pre-investment contracts for long-lead upstream equipment supporting Mozambique's Rovuma LNG project. The awards, led by OneSubsea, mark a key step toward FID as development advances on ExxonMobil's largest global investment.
The sale of Woodside’s Calypso stake to BP completes the company’s withdrawal from Trinidad and Tobago after decades of operations in the country.
ExxonMobil’s Letter of Intent to begin preliminary engineering and procurement work for Mozambique’s Rovuma LNG project bridges the development to a final EPC contract, which Area 4 partners are expected to award following an FID anticipated by year-end 2026.
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Companies join forces in carbon capture project near LNG facility. -
JERA Americas will receive just over a quarter stake in the LNG exporter for $2.5 billion.
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Africa’s first floating LNG facility will be towed from South Korea to its new home on the Coral South project.
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A new deal between China and Venture Global is the latest in a string of US LNG commitments to Asia.
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Gas production from the new field will be used to backfill the joint venture’s LNG plant at Caution Bay.
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Alternative investment firm acquires LNG transportation specialist for $1.5 billion.
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The price of natural gas has more than doubled this year in many parts of the world. The ripple effects are starting to be felt, but how wide they will spread may not be known until winter comes.
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Excelerate, once disqualified from the proceedings, ends up with lease agreement to December 2023.
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Egypt is halting its liquefied natural gas export business, instead redirecting surplus natural gas to Lebanon via the Arab Gas Pipeline. Meanwhile, the US is considering waiving some sanctions against Syria.
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The newbuilds are slated for delivery in 2024.
