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Oil & Gas Sector Mixed in 2QFY25; Brent Weakens, Gas Gains
KUALA LUMPUR: The oil and gas sector delivered a mixed performance in 2QFY25, supported by storage and long-term OGSE contracts despite weaker upstream sentiment. Brent crude oil prices averaged 15% lower year-on-year in August, while Henry Hub natural gas prices gained 39% in the same period. Brent Weakens Upstream remains constrained by reduced capital expenditure, though exploration and…
New Mundra LNG Terminal To Ramp Up Utilisation From 45% To 55% In 6 Months Singapore/Ahmedabad: Having begun operations earlier this year, India's new liquefied natural gas (LNG) import terminal at Mundra is expected to boost utilisation from 45 per cent currently to 55 per cent within 4-6 months, a senior company official said on Friday.
Increasing demand: Shell decides to build LNG bunker vessel at Rotterdam
Increasing demand: Shell decides to build LNG bunker vessel at Rotterdam
ROTTERDAM: As the demand for Liquefied Natural Gas (LNG) as a fuel in the shipping industry is increasing, due to emissions reduction requirements scheduled to come into force in January 2015 Shell has confirmed its plans to build a specialised LNG bunker vessel.
Giving an insight to its new venture, Vice president of Shell Shipping and Maritime, Grahaeme Henderson stated that Shell worked…
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