Woodside Energy is in discussions with onshore U.S. gas producers, pipeline companies and companies that share its outlook and view of liquefied natural gas to partner with its Driftwood LNG project, company CEO Meg O'Neill said on Monday.
In recent years, Golar LNG Partners has liquidated virtually all of its assets and distributed the proceeds to cash-hungry parent New Fortress Energy. Following the sale of its remaining assets in Q1/2024, the partnership has become an empty shell with distributions solely dependent on New Fortress Energy honoring its support commitment. As New Fortress Energy is struggling with debt refinancing issues, future distribution support for Golar LNG Partners could be at risk.
Dynagas LNG Partners LP Common Units (NYSE:DLNG ) Q2 2024 Earnings Conference Call September 10, 2024 5:00 PM ET Company Participants Tony Lauritzen - CEO Michael Gregos - CFO Conference Call Participants Operator Thank you for standing by. Ladies and gentlemen, welcome to the Dynagas LNG Partners Conference Call on the Second Quarter 2024 Financial Results.
GLNG's surge in operating expenses does not bode well. High capital expenditures are further hurting the company's prospects.
Energy companies in the United States that are at the forefront of the liquefied natural gas boom are LNG, SRE, KMI.
New Fortress Energy said on Tuesday it has received authorization from the U.S. Department of Energy to export liquefied natural gas from its offshore Altamira-based plant in Mexico to non-free trade agreement countries.
Hoegh LNG Partners remains very profitable, covering dividends with ample net profit and maintaining a strong balance sheet. The partnership's prudent financial management, including debt reduction and controlled expenses, ensures a solid foundation for preferred shareholders. Preferred shares offer a high yield of 14.4%, attributed to limited buying options on the expert market, not financial performance.
XOM and QatarEnergy request a three-year extension from regulators for the Golden Pass LNG project, citing contractor changes and potential weather disruptions.
BP and Bermuda-based Golar LNG have resolved a payment dispute over the FLNG Gimi, slated to operate at the Greater Tortue Ahmeyim project off Mauritania and Senegal. The agreement is aimed at accelerating the first LNG production, expected in Q4 2024.
Cheniere (LNG) expects consolidated adjusted EBITDA in the range of $5.7-$6.1 billion and distributable cash flow in the band of $3.1-$3.5 billion for 2024.
UPI experienced a 2.30% decline, closing at 160.97 points, while the S&P 500 remained stable. Global market downturn influenced by Japan's sharp decline, with some stocks like Capital Product Partners and Golar LNG showing resilience. New Fortress Energy suffered the most, but mostly due to internal challenges.
Cheniere Energy dominates the LNG market with significant infrastructure, creating a wide-moat business. The company generates strong cash flow, fueling shareholder returns through dividends and buybacks. Despite pricing challenges, Cheniere continues to thrive, supported by successful expansion projects and a focus on dividend growth.