LNG

Capital Product Partners L.P. Announces Third Quarter 2023 Financial Results

Retrieved on: 
Monday, November 13, 2023
Sale, ID, Webcast, Pressure, Acquisition, LNG, International, CMB, Depreciation, Calendar, Net, GAAP, Reinsurance, Beauty salon, Pharmaceutical industry, Video game, Cryptocurrency, Car rental, Drug, Partnership

Net income for the quarter ended September 30, 2023, was $17.0 million, compared with net income of $58.7 million for the third quarter of 2022.

Key Points: 
  • Net income for the quarter ended September 30, 2023, was $17.0 million, compared with net income of $58.7 million for the third quarter of 2022.
  • Total revenue for the quarter ended September 30, 2023, was $95.5 million, compared to $71.9 million during the third quarter of 2022.
  • Total expenses for the quarter ended September 30, 2023, were $51.0 million, compared to $40.4 million in the third quarter of 2022.
  • Total vessel operating expenses during the third quarter of 2023 amounted to $22.3 million, compared to $17.0 million during the third quarter of 2022.

Canacol Energy Ltd. Reports an 11% Increase in Netback and an Adjusted EBITDAX of $62 million in Q3 2023

Retrieved on: 
Thursday, November 9, 2023
Ministry, Negotiation, Colombia Stock Exchange, Financial statement, CNE, OTCQX, Bank statement, Corporation, Toronto Stock Exchange, Depreciation, Energy, Natural gas, MD, SEDAR, Growth, Kuwait Petroleum Corporation, Risk, News, Transport, IFRS, LNG

(2) Restated to reflect the 5:1 share consolidation on January 17, 2023 - see “Share Consolidation” section within the MD&A.

Key Points: 
  • (2) Restated to reflect the 5:1 share consolidation on January 17, 2023 - see “Share Consolidation” section within the MD&A.
  • This press release should be read in conjunction with the Corporation’s interim condensed consolidated financial statements and related Management’s Discussion and Analysis (“MD&A”).
  • Canacol is a natural gas exploration and production company with operations focused in Colombia.
  • Adjusted EBITDAX is defined as consolidated net income adjusted for interest, income taxes, depreciation, depletion, amortization, exploration expenses and other similar non-recurring or non-cash charges.

Howard Energy Partners Announces Completion of $800 Million in Growth Projects and Record Volumes in 2023

Retrieved on: 
Wednesday, December 13, 2023
Oil, Gas, Energy, Diamond, Classification, NextEra Energy, Safety, HEP, Delaware Basin, Texas Gulf Coast, Natural gas, Panamax, Eagle Ford, Dallas, Growth, Catalysis, Rail transport by country, Accident, ESG, LNG, Spear

The expansion projects and associated ongoing 24/7 operations were completed while achieving a perfect safety record to date in 2023.

Key Points: 
  • The expansion projects and associated ongoing 24/7 operations were completed while achieving a perfect safety record to date in 2023.
  • “This has been a milestone year for Howard Energy Partners.
  • We are extremely pleased to have successfully completed several strategic growth projects that substantially increase our ability to help customers move their products to market,” said Mike Howard, HEP Chairman and CEO.
  • “While deploying $800 million of expansion projects is an integral part of our strategic growth plan, prioritizing safety and operational excellence is equally important,” said Howard.

Clean Energy Announces Up to $400 Million in Financing with Stonepeak to Continue Expansion of Renewable Natural Gas Infrastructure

Retrieved on: 
Wednesday, December 13, 2023
Other Energy, Oil, Gas, Finance, Trucking, Alternative Energy, Rail, Energy, Professional Services, Transport, Environment, Public Relations, Investor Relations, Public Transport, Communications, Logistics, Supply Chain Management, UPS, LNG, Senior, CNG, NOx, Renewable fuels, Methane, Natural gas, RNG, Torque, GHG, Walmart, California Air Resources Board, Security (finance), Renewable energy, Primary energy

The credit agreement also provides for a two-year delayed draw term loan commitment of an additional $100 million.

Key Points: 
  • The credit agreement also provides for a two-year delayed draw term loan commitment of an additional $100 million.
  • In addition to repaying existing loans, the financing from Stonepeak will provide Clean Energy with capital for new renewable natural gas (RNG) production facilities, as well as the expansion of the company’s fueling infrastructure targeting the heavy-duty truck market.
  • Clean Energy currently provides RNG to hundreds of fleets every day in the form of compressed natural gas (CNG) and liquified natural gas (LNG), which enables them to decarbonize their large vehicles easily and affordably.
  • During the first two years, Clean Energy may elect to pay up to 75% of the interest in kind.

Glenfarne Energy Transition’s Texas LNG and ABB Partner on Core Electrical and Automation Equipment

Retrieved on: 
Friday, December 8, 2023
Technology, Other Energy, Transport, Utilities, Green Technology, Oil, Gas, Logistics, Supply Chain Management, Alternative Energy, Environment, Energy, Electronic Design Automation, ABB, Automation, Memorandum of understanding, Natural gas, CAPEX, Partnership, Port, LNG

As part of the MoU, Texas LNG and ABB have agreed to a framework for ABB to make an investment in the project.

Key Points: 
  • As part of the MoU, Texas LNG and ABB have agreed to a framework for ABB to make an investment in the project.
  • Texas LNG is a subsidiary of Glenfarne Energy Transition, LLC (“Glenfarne”), a global energy transition leader providing critical solutions to lower the world’s carbon footprint.
  • Combined with Texas LNG’s recent equipment and partnership agreement with Baker Hughes, Glenfarne has announced more than a half a billion dollars’ worth of equipment selections for Texas LNG to date.
  • The first LNG exports from Texas LNG are expected to be shipped in late 2027 or early 2028.

Cheniere Announces Long-Term Integrated Production Marketing Agreement with ARC Resources

Retrieved on: 
Wednesday, November 29, 2023
Professional Services, Other Energy, Other Professional Services, Utilities, Oil, Gas, Energy, Finance, Transfer, Sale, Gate, IPM, NYSE, SPL, ARC Resources, OMV, Federal Energy Regulatory Commission, Trade, OMV AG, Natural gas, SPA, British thermal unit, ARX, ARC, Partnership, Nigerian LNG train 7, National Environmental Policy Act, Integrated farming, TSX, LNG, Cheniere Energy

Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) and Cheniere Energy Partners, LP (“Cheniere Partners”) (NYSE American: CQP) announced today that Sabine Pass Liquefaction Stage V, LLC (“SPL Stage 5”) has entered into a long-term Integrated Production Marketing (“IPM”) gas supply agreement with ARC Resources U.S. Corp. (“ARC Resources”), a subsidiary of ARC Resources Ltd. (TSX: ARX), a leading natural gas producer in Canada.

Key Points: 
  • Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) and Cheniere Energy Partners, LP (“Cheniere Partners”) (NYSE American: CQP) announced today that Sabine Pass Liquefaction Stage V, LLC (“SPL Stage 5”) has entered into a long-term Integrated Production Marketing (“IPM”) gas supply agreement with ARC Resources U.S. Corp. (“ARC Resources”), a subsidiary of ARC Resources Ltd. (TSX: ARX), a leading natural gas producer in Canada.
  • The IPM agreement is subject to, among other things, a positive Final Investment Decision with respect to Train 7.
  • The LNG associated with this gas supply, approximately 0.85 million tonnes per annum (“mtpa”), will be marketed by Cheniere Marketing International LLP (“Cheniere Marketing”, a subsidiary of Cheniere).
  • “This is the second long-term IPM agreement between Cheniere and ARC Resources, and further progresses the commercialization of the SPL Expansion Project.

Top 6 Agriculture Equipment Manufacturers Set Strategic Priorities in Response to Global Supply Chain Challenges and Sustainability Trends: Focus on John Deere, CNH, AGCO, CLAAS, SDF, Kubota - ResearchAndMarkets.com

Retrieved on: 
Monday, November 27, 2023
Agriculture, Machine Tools, Metalworking & Metallurgy, Natural Resources, Manufacturing, CNH, Economics, LNG, CLAAS, Kubota, Climate change, CNG, AGCO, SDF, Clemson Energy Sustainability, Original equipment manufacturer, Population growth, First-mover advantage, Renewable energy, Black Sea

The "Annual Strategy Dossier - 2023 - World's Top 6 Agriculture Equipment Manufacturers - John Deere, CNH, AGCO, CLAAS, SDF, Kubota" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Annual Strategy Dossier - 2023 - World's Top 6 Agriculture Equipment Manufacturers - John Deere, CNH, AGCO, CLAAS, SDF, Kubota" report has been added to ResearchAndMarkets.com's offering.
  • The global agriculture equipment market is currently witnessing robust demand for new equipment despite facing supply disruptions, bottlenecks, and shortages.
  • Favorable farm economics, strong farm incomes, and sustainability goals are driving the replacement demand for new agriculture equipment across markets and regions.
  • The report focuses on the strategies and priorities of the world's top 6 agriculture equipment manufacturers:

Global LNG Market Poised for Growth, Aiding Environmental Goals and Energy Needs - ResearchAndMarkets.com

Retrieved on: 
Monday, November 13, 2023
Alternative Energy, Energy, Oil, Gas, Sale, China National Petroleum Corporation, ConocoPhillips, Coal, Shell plc, Urbanization, Shell, BP, QatarEnergy, ExxonMobil, Liquefied natural gas, Automation, Natural gas, CNPC, SPA, Heat, Import and export, Chevron Corporation, Growth, TotalEnergies, Transport, LNG

The development of LNG import infrastructure, such as regasification terminals and distribution networks, has facilitated global access to LNG.

Key Points: 
  • The development of LNG import infrastructure, such as regasification terminals and distribution networks, has facilitated global access to LNG.
  • Growing demand for cleaner energy sources, particularly in Asia, incentivizes higher LNG production to meet energy needs and emissions reduction goals.
  • Import and Export: Japan dominates the global LNG import market, while Australia leads in LNG exports.
  • Additionally, long-term LNG supply contracts play a crucial role in the LNG market, providing stability and predictability for both buyers and sellers.

NextDecade Provides Third Quarter 2023 Business Update

Retrieved on: 
Monday, November 13, 2023
Environment, Oil, Gas, Sustainability, Alternative Energy, Green Technology, Energy, Climate Change, FEED, FID, Senior, Engineering, Fid, Movement, Port, Investment, History, GIP, MTPA, Federal Energy Regulatory Commission, NTP, Train, FERC, Natural gas, Lower Rio Grande Valley, GIC, TotalEnergies, Global Infrastructure Partners, EPC, Bank, Renewable energy, Construction, Nursing, Security (finance), LNG

NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) today provided an update on developmental and strategic activities for the third quarter 2023.

Key Points: 
  • NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) today provided an update on developmental and strategic activities for the third quarter 2023.
  • NextDecade holds equity interests in the Phase 1 joint venture that entitle NextDecade to receive up to 20.8% of the distributions of available cash during operations.
  • In September 2023, Rio Grande entered into a credit agreement with a group of lenders for $356 million of senior secured loans.
  • As of September 2023, progress on Trains 1 through 3 is in line with the schedule under the EPC contracts.

Marintec China 2023 Concluded with Record-Breaking Success

Retrieved on: 
Monday, December 18, 2023
Carbon, Ministry, Ship, LNG, Ministry of Civil Affairs, Life, Engineering, Food, Science, Climate change mitigation, Organizer, Construction, Methanol, Fossil, Real estate, Yangmingshan Administrative Bureau, Social organization, LPG, Employment, Fashion, Health, Exhibition, Ammonia, Growth, Health care, New Year's Day, Publishing, Congress, DWT, Public Health Nutrition, Knowledge, VIP, CGT, Kerry Hotel Hong Kong, Shipbuilding, Tourism, Intelligence

HONG KONG, Dec. 18, 2023 /PRNewswire/ -- Marintec China, the leading event of the maritime industry, concluded its highly anticipated 2023 edition on a high note.

Key Points: 
  • HONG KONG, Dec. 18, 2023 /PRNewswire/ -- Marintec China, the leading event of the maritime industry, concluded its highly anticipated 2023 edition on a high note.
  • Marintec China 2023 reinforced its position as the premier platform in Asia, with 80,518 professionals, representing a remarkable 12% growth from the last edition, Marintec China 2023 drew professionals from more than 100 countries and regions, with over 2,000 exhibiting companies, including 15 national and regional pavilions.
  • The shipbuilding market took centre stage at Marintec China 2023, as industry players showcased their state-of-the-art vessels and shipbuilding technologies.
  • "We are thrilled with the overwhelming success of Marintec China 2023," said Ms Stella Fung, General Manager of Maritime, Informa Markets.