Eni SpA (E) , the Italian energy giant, has taken a significant step toward expanding its liquefied natural gas (LNG) operations in the Republic of Congo with the launch of the Nguya Floating Liquefied Natural Gas (“FLNG”) facility. The facility's hull was unveiled at Wison Heavy Industry's shipyard in Nantong, China, marking a milestone for the Congo LNG project.Scheduled to be deployed offshore Congo, the Nguya FLNG boasts a liquefaction capacity of 2.4 million tons per annum (MTPA). This new facility wil ...

Highlights: Before-tax NPV10 for Proved (1P) reserves to U.S.$261 million representing NPV10 of C$2.34 per share. Before-tax NPV10 for Proved plus Probable (2P) reserves to U.S.$393 million representing NPV10 of C$3.51 per share. Before-tax NPV10 for Proved plus Probable plus Possible (3P) reserves to U.S.$439 million representing NPV10 of C$3.92 per share. 1P net reserves life index of 14.0 years and a 2P reserves life index of 21.8 years. TORONTO, Nov. 25, 2024 (GLOBE NEWSWIRE) -- LNG Energy Group Corp. ( ...

Note: I previously covered Golar LNG (NASDAQ: GLNG ) in April. I reviewed the company’s attractive position as the only provider of liquefication as a service. At that time, Golar progressed with its new FLNG(floating LNG) Gimi and its MKIII am a voracious reader and self-taught investor. In the past, I was an accountant in the maritime industry. Now, I am a happy retiree passionate about writing and financial markets. As the kids are grown up, I have time to pursue my endeavors: growing my portfolio and de ...

The transition from coal to natural gas is a significant part of global efforts to address climate change. Natural gas is often considered a "transition fuel" because it emits less carbon dioxide than coal. It complements renewable energy sources by providing a reliable backup when wind or solar generation is inconsistent. With liquefied natural gas (LNG) enabling global transportation of natural gas and ensuring its availability across markets, companies like Cheniere Energy Inc. (LNG) , Chevron Corporatio ...

ATHENS, Greece, Nov. 22, 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 and nine months ended September 30, 2024. Nine months Highlights: Net Income and Earnings per common unit (basic and diluted) of $37.5 million and $0.75, respectively;Adjusted Net Income(1) of $39.2 million and Adjusted Earnings per common unit(1) (basic and diluted) of $0.80;Adjusted EBITDA(1 ...

AUSTIN, Texas, Nov. 21, 2024 /PRNewswire/ -- Pennybacker Capital Management, LLC (Pennybacker), a leading real assets investment manager, today announced it has completed the acquisition of the small-scale Florida-based liquefied natural gas production and distribution business (Miami LNG business) from New Fortress Energy Inc. (Nasdaq: NFE).The Miami LNG business is a strategically located small-scale liquefaction operation, equipped with one liquefaction train that produces up to approximately 8,300 MMBtu ...

Golar LNG Limited (GLNG) reported third-quarter 2024 earnings of 53 cents per share, which beat the Zacks Consensus Estimate of 37 cents. However, the company’s bottom line declined year over year.Find the latest EPS estimates and surprises on ZacksEarnings Calendar.Revenues of $64.8 million met the Zacks Consensus Estimate. The top line declined 4% year over year.Adjusted EBITDA of $59 million declined 21% year over year.GLNG exited the third quarter of 2024 with cash and cash equivalents of $732.06 millio ...

Analyst’s Disclosure: I/we have a beneficial long position in the shares of SHEL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any i ...

TORONTO, Nov. 20, 2024 (GLOBE NEWSWIRE) -- LNG Energy Group Corp. (TSXV: LNGE) (TSXV: LNGE.WT) (OTCQB: LNGNF) (FWB: E26) (the “Company” or “LNG Energy Group”) today provided an operational update in respect of its Colombian operations. Gas Sales Agreements As previously announced on October 21, 2024, as a result of unexpected production restrictions at certain wells in the Bullerengue natural gas field, the Company has had to limit natural gas deliveries under certain gas sales agreements dedicated to suppl ...

ATHENS, Greece, Nov. 20, 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 third quarter results ended September 30, 2024, before market opens in New York on Friday, November 22, 2024. The Partnership will not host a conference call to present the three- and nine-months results ended September 30, 2024. However, Dynagas LNG Partners remains commit ...