WorldOil Golar Power enters alliance with Galileo to promote LNG in Brazil With this initiative, Golar Power intends to increase the share of local LNG in its supply and accelerate energy transition towards a cleaner energy chain with a lower carbon footprint in Brazil: switching from diesel fuel, liquefied petroleum gas or heavy fuel oil to natural gas. U.S. crude finds new markets as shale producers enter a critical phase Kurt and Cameron discuss a key element of Australia's LNG ambitions up for grabs, OPEC+ compliance driving buyers to U.S. crude, Deloitte projects a challenging earnings season for shale, and New Mexico's state budget feels the sting of low oil prices. A key element of Australia’s LNG ambitions is up for grabs After more than three decades, the project that kick-started Australia’s push to become a liquefied natural gas powerhouse faces a shakeup. Siemens, Total team up to explore LNG decarbonization strategies Siemens Gas and Power is conducting studies to explore a variety of possible liquefaction and power generation plant designs, with the ultimate goal of decarbonizing the production of LNG. Edge LNG lands new project to monetize stranded Marcellus gas The agreement will see Edge LNG deploy its fully mobile, truck-delivered LNG equipment to the Marcellus site, including three Cryobox liquefaction units, with the potential to expand through the rapid deployment of additional units. Decline in natural gas demand may take years to reset The global natural gas market is poised for the biggest-ever drop in demand as a result of the Coronavirus crisis, an event that’s likely to hamper the industry’s growth for years to come. Natural gas prices could go negative on global oversupply Traders and analysts say the worst may be yet to come for natural gas as demand falls and storage nears capacity, creating the ideal conditions for negative prices in some parts of the world. Siemens to supply equipment for large-scale gas field development offshore Malaysia Siemens Gas and Power was awarded a contract to supply three SGT-300 industrial gas turbine generators (GTG), three mechanical-drive SGT-300 gas turbines and three DATUM centrifugal compressors for the PETRONAS Kasawari Gas Field Development Project in the South China Sea, offshore Sarawak in Malaysia. Not even Russian output cuts can stop Europe’s natural gas surplus Europe is choking with gas as demand slumped in line with the virus-stricken global economy, storage sites are more full than usual and little respite is seen in liquefied natural gas imports, even with benchmark prices near record lows. Qatar signs $20B vessel contract to cement LNG leadership role The Gulf emirate entered into agreements with Daewoo Shipbuilding and Marine Engineering Co., Hyundai Heavy Industries Co. and Samsung Heavy Industries Co., according to a statement on Monday from state producer Qatar Petroleum.