AUSTIN, Texas, July 9, 2024 /PRNewswire/ -- Pennybacker Capital Management, LLC (Pennybacker), a leading real assets investment manager, has entered into a definitive agreement to acquire a small-scale LNG business (Miami Facility) based in Miami, Florida, from New Fortress Energy Inc. (Nasdaq: NFE). Financial terms were not disclosed. The transaction is expected to close in the third quarter of 2024 subject to customary terms and conditions.The Miami-based business includes a small-scale liquefaction facil ...

JHVEPhoto Shares of the Baker Hughes Company (NASDAQ:BKR) have been a disappointing performer over the past year, trading essentially flat despite a buoyant equity market, given concerns about the longevity of the LNG cycle and subdued drilling environment. Since recommending shares as a “buy” in January, BKR has returned 15%, essentially in-line with the market’s 14% gain. With updated financials and political activity on LNG, now is a good time to determine if BKR can outperform the market or if inves ...

Golar LNG's 2nd Quarter 2024 results will be released before the NASDAQ opens on Thursday, August 15, 2024. In connection with this a webcast presentation will be held at 1:00 P.M (London Time) on Thursday August 15, 2024. The presentation will be available to download from the Investor Relations section at www.golarlng.com We recommend that participants join the conference call via the listen-only live webcast link provided. Sell-side analysts interested in raising a question during the Q&A session that wi ...

The global market for liquefied natural gas (“LNG”) is experiencing unprecedented growth. LNG, a critical component in the transition to cleaner energy, is seeing increased demand as countries strive for energy security and reduced carbon footprints. The United States has emerged as a major player in the LNG market, thanks to its abundant natural gas resources and advanced export infrastructure.However, recent developments have highlighted significant challenges that could impact the timing and cost-efficie ...

TORONTO, June 28, 2024 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (CBOE:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, indirect majority shareholder of Abaxx Singapore Pte Ltd. (“Abaxx Singapore”), the owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), and producer of the SmarterMarkets™ Podcast, today announced the launch of Abaxx Commodity Futures Exchange and Clearinghouse, with trading commen ...

ATHENS, June 27, 2024 (GLOBE NEWSWIRE) -- Dynagas LNG Partners LP (NYSE: “DLNG”) (the “Partnership”), an owner and operator of liquefied natural gas (“LNG”) carriers, today announced its results for the three months ended March 31, 2024. Quarter Highlights: Net Income and Earnings per common unit (basic and diluted) of $11.8 million and $0.23, respectively;Adjusted Net Income(1) of $12.4 million and Adjusted Earnings per common unit(1) (basic and diluted) of $0.25;Adjusted EBITDA(1)   $29.0 million;100% fl ...

ATLANTA, June 26, 2024 (GLOBE NEWSWIRE) -- Argent LNG, a leader in innovative energy solutions, announced its strategic decision to select Chart Industries' (NYSE: GTLS ) mid-scale modular liquefaction solution for its upcoming 20 MTPA LNG facility in Port Fourchon, Louisiana (USA). This move represents a significant departure from conventional large-scale LNG facilities, challenging the industry's traditional operational paradigm. Chart Industries' cutting-edge IPSMR® (Integrated Pre-Cooled Single Mixed Re ...

SHansche Summary The UP World LNG Shipping Index gained 1.17% last week, correcting the previous week's drop. Of the constituents, the most gained FLEX LNG, followed by Golar LNG. Awilco LNG and Japan companies led the drop. With the nearing end of the second quarter, the summer season is close, which will bring positive momentum for LNG shipping stocks. UPI and SPX Last week, UPI, which tracks listed LNG shipping companies, gained 1.83 points or 1.17%, closing at 157.27 points. In contrast, the S&P 500 ind ...

If everything goes according to plan, Tellurian's Driftwood LNG export facility will be processing LNG in five years.If you are looking at Tellurian (TELL -1.66%), you have to pay very close attention to the energy sector specialist's construction plans. That's because its only real asset is the Driftwood liquified natural gas (LNG) export terminal. Well, it will be the only real asset once it is built and processing LNG in 2028. Which means that the next four to five years are going to be all about executi ...

ATHENS, Greece, June 21, 2024 (GLOBE NEWSWIRE) -- Dynagas LNG Partners LP (NYSE: “DLNG”) (“Dynagas Partners” or the “Partnership”), an owner and operator of LNG carriers, today announced that it will release its financial results for the first quarter ended March 31, 2024 after market closes in New York on Thursday, June 27, 2024. On the next day, Friday, June 28, 2024 at 10:00 a.m. Eastern Time, the Company's management will host a conference call and webcast to discuss the earnings results. Conference Cal ...