Italy’s Saipem and Japan’s Chiyoda Corp and Korea’s Daewoo E&C have announced that a joint venture they operate has been awarded an LNG project in Nigeria. According to Reuters News, Saipem will be the leader of the joint venture. The medium reported that the contract is for the front-end engineering […]
Based on the market outlook for Shell, the global liquefied natural gas (LNG) market will continue to grow beyond estimates. Shell said in the outlook that such strong growth in demand is consistent with its first LNG Outlook, published in 2017. Based on current demand projections, Shell sees potential for […]
Barclays reiterated its ‘overweight’ stance and 2,850p target price on shares of Royal Dutch Shell, pointing to the solid outlook for Asian demand of liquified natural gas that the broker said should support long-run prices and provide better trade opportunities. Over the next two years, new project start-ups in the […]
A U.S petroleum company, Anadarko Petroleum Corporation announced that it had finalized two agreements with the Government of Mozambique – together known as the “marine concessions” – which would allow it to design, build and operate the marine facilities for its LNG project in northern Mozambique. This follows the publication […]