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Tellurian says slashes debt by $57 million

US LNG export project developer Tellurian said on Thursday it reduced the firm's debt by $57 million, strengthening its balance sheet. The firm said in...

GTT’s 2020 revenue rises as new orders keep pouring in

France's GTT, the world's largest maker of LNG tanks, reported a 37.5 percent rise in revenue last year as it secured 51 new orders,...

MISC’s 2020 LNG revenue climbs

Malaysia’s MISC said its LNG business logged an increase in both revenue and operating profit last year mainly due to higher earning days. The shipping...

Santos logs $357 million net loss, sets sight on Barossa LNG FID

Australian independent producer Santos reported a $357 million net loss for 2020, hit by impairments and lower oil price assumptions, but the firm still...

Woodside says Scarborough FID on track as it posts $4 billion loss

Australian LNG firm Woodside reported a $4.03 billion net loss for 2020 due to impairments, but it also said the company remains committed to...

MOL to merge marine and engineering units

Japan's shipping giant Mitsui O.S.K. Lines (MOL) revealed this week plans to merge its marine and engineering units, effective April 1. The firm said...

Novatek’s profit dips on low oil and gas prices

Russia’s independent LNG producer Novatek reported a sharp decline in its net profit last year due to lower oil and gas prices. Novatek said its...

Flex LNG’s net income climbs as its fleet continues to grow

Norway-based shipping firm Flex LNG reported a rise in quarterly net income as it continued to grow its fleet. Net income stood at $25.8 million,...

Technip Energies starts trading as spin-off completes

France-based Technip Energies has started trading as a single entity following the completion of TechnipFMC's separation into two independent, publicly traded companies. Technip Energies said...

India’s ONGC to create gas and LNG unit

India's Oil and Natural Gas Corp (ONGC) is forming a wholly-owned subsidiary to focus on its gas and LNG business. The state-owned producer revealed this...

New CEO takes helm at Greece’s DESFA

Greece’s gas grid and LNG terminal operator DESFA has named a new chief executive following the departure of Nicola Battilana who led the firm...

Petronet LNG posts higher profit as demand picks up

India’s Petronet LNG reported a rise in net profit as demand picked up again in the country following Covid lockdown. Net profit after tax increased...