ExxonMobil Corporation (XOM) and QatarEnergy have requested a three-year extension from U.S. regulators to complete the construction of the $10-billion Golden Pass liquefied natural gas (LNG) export project on the Texas coast. The extension appeal, submitted to the Federal Energy Regulatory Commission (“FERC”), is intended to accommodate scheduling uncertainties and a change in primary contractors, per a Reuters report. The project, originally slated for completion by November 2026, is now set to be accompl ...

Key Highlights: 2nd Quarter operating netbacks of $5.08/Mcf natural gas and $51.58/bbl condensate ($29.74/boe).Conditionally awarded two Productive Participation Contracts to develop and produce hydrocarbons in Venezuela.Creation of new Oilfield Services Division to capitalize on LNG Energy Group’s unique vertical integration.Repayment of $11.8 million in senior secured bank indebtedness to date. TORONTO, Aug. 29, 2024 (GLOBE NEWSWIRE) -- LNG Energy Group Corp. (TSXV: LNGE) (TSXV: LNGE.WT) (OTCQB: LNGNF) (F ...

TORONTO, Aug. 22, 2024 (GLOBE NEWSWIRE) -- LNG Energy Group Corp. (TSXV: LNGE) (TSXV: LNGE.WT) (OTCQB: LNGNF) (FWB: E26) (the “Company” or “LNG Energy Group”) is excited to announce the creation of its new Oilfield Services Division at its wholly owned subsidiary, Lewis Energy Colombia, Inc. (“LEC”). Distinct from most other E&P companies, LEC owns and operates three rigs – two drilling and one workover – capable of executing a wide range of well services, including new exploration and development wells. “L ...

BP plc (BP) , the UK supermajor, and Bermuda-based Golar LNG have successfully settled a payment dispute related to the Floating Liquefied Natural Gas (“FLNG”) unit, Gimi, which is set to operate at the Greater Tortue Ahmeyim (“GTA”) gas project off the coasts of Mauritania and Senegal. The agreement involves a commercial reset that simplifies contractual cash flows and resolves previous disagreements concerning payment mechanisms for pre-commercial operations.New Payment Structure and Milestone-Based Bonus ...

Golar LNG Limited (the “Company”) advises that the 2024 Annual General Meeting of the Company was held on August 13, 2024 at 10:00 ADT at 2nd Floor, The S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda.  The audited consolidated financial statements for the Company for the year ended December 31, 2023, were presented at the Meeting. The following resolutions were passed: 1)   To set the maximum number of Directors to be not more than Seven.2)   To resolve that vacancies in the number of D ...

Cheniere Energy, Inc. (LNG) reported second-quarter 2024 adjusted profit of $3.84 per share, which beat the Zacks Consensus Estimate of $1.74. This outperformance can be attributed to a year-over-year decrease in costs and expenses. However, the bottom line deteriorated from the year-ago quarter’s level of $5.61.Revenues totaled $3.3 billion, which missed the Zacks Consensus Estimate of $3.4 billion. The top line also decreased 20.7% from the year-ago quarter’s level of $4.1 billion. This was due to the yea ...

Abstract Aerial Art Summary Last week, the UP World LNG Shipping Index (UPI) experienced a decline of 2.30%, closing at 160.97 points, while the S&P 500 remained primarily stable. The drop in LNG shipping stocks mirrored a global market downturn, heavily influenced by Japan's sharp decline early in the week. However, some constituents like Capital Product Partners (CPLP) and Golar LNG (GLNG) showed resilience, posting modest gains. Despite widespread volatility, positive sentiment persisted, with many s ...

CHUNYIP WONG Introduction It's time to discuss one of America's largest energy companies. A company that has become the backbone of America's position as a leading energy exporter. Interestingly, that company does not produce a drop of oil or any natural gas. Cheniere Energy (NYSE:LNG) buys natural gas. It then turns it into liquified natural gas ("LNG"), which is then exported to nations all around the globe. As it is impossible to build pipelines between the U.S. and export markets in Asia and Europe, ...

Cheniere Energy, Inc. (NYSE:LNG) Q2 2024 Earnings Conference Call August 8, 2024 11:00 AM ET Company Participants Randy Bhatia - Vice President of Investor Relations Jack Fusco - President and Chief Executive Officer Anatol Feygin - Executive Vice President and Chief Commercial Officer Zach Davis - Executive Vice President and Chief Financial Officer Conference Call Participants Theresa Chen - Barclays Capital, Inc. Jeremy Tonet - JPMorgan Chase & Co. John Mackay - Goldman Sachs Group Benjamin Nolan - Stife ...

Cheniere Energy (LNG) came out with quarterly earnings of $3.84 per share, beating the Zacks Consensus Estimate of $1.71 per share. This compares to earnings of $5.61 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 124.56%. A quarter ago, it was expected that this natural gas company would post earnings of $2.30 per share when it actually produced earnings of $2.13, delivering a surprise of -7.39%.Over the last four quarters, ...