BP & RIL plan US$5 billion investment on KGD6KG D6 onshore facilities (Image: Niko Resources Ltd.)Reliance Industries Ltd. (RIL) and KG D6 block partner BP plan to invest US$5 billion in the deepwater gas development over the next three to five years…
Rosneft pact grants Exxon 7 Arctic Sea blocksExxonMobil President Stephen Greenlee and Rosneft President Igor Sechin sign expanded cooperation agreementExxonMobil significantly boosted its presence in the Russian Arctic with new agreements with Russian partner Rosneft…
QCLNG modules arriving New onshore field discoveries rich in natural gas and condensate in the Australasian region are giving rise to increased investment in liquefied natural gas (LNG) facilities. This new construction will address the…
Pangea LNG is permitted to export up to 8MPTA Pangea LNGThe U.S. Department of Energy has granted Pangea LNG (North America) Holdings, LLC, long-term, multi-contract authorization to export liquefied natural gas (LNG) to free trade agreement…
As Australia grapples with chronic oil production decline in the face of rising imports, the buoyant gas sector offers the prospect of rising revenue from LNG export. John Mueller reports.Eyebrow Natural gas lifts Australian reserves As Australia…
Teekay LNG Partners ordered two twin MAN Diesel & Turbo B&W ME-GI dual-fuel, two-stroke, gas injection engines for two of its LNG carriers currently under construction at DSME’s South Korean yard. The newbuilds will be equipped with M-type, ME-GI twin engines…
Although Papua New Guinea has a strong economy resulting from exploitation of its extensive petroleum deposits and abundance of other natural resources ranging from minerals to forest products, the nation is one of the least developed countries in the Asia Pacific region…
Saipem and JGC fight for Abadi FLNG contract Click to view largerSubsidiaries of Saipem and JGC Corp. have won FEED contracts for Inpex's Abadi FLNG facility off Indonesia, Inpex announced on 23 January 2013.PT Saipem Indonesia and PT…
The Gazprom-chartered Ob River LNG carrier has successfully completed the first-ever delivery through the Northern Sea Route. The carrier’s journey began in early November at the Snohvit terminal in Hammerfest, Norway, and ended at the Tobata terminal in Japan in December…
Natural gas is still not a global fungible commodity, although the LNG trade steadily grows as projects and the global fleet expand. ExxonMobil thinks that worldwide natural gas use will grow more than any other fuel – by 65% over the next 30 years…
US crude and condensate production has been falling since 1972 with only a couple brief periods of respite or flattening downward. Most analysts felt that the decline was irreversible. The decline flattened in 1991, 1997 and 2001 and, as a result of a dramatic jump in oil prices…
Study assesses FLNG project options off IndiaWorleyParsons has been awarded a significant pre-FEED study by the Andhra Pradesh Floating LNG Terminal developers, GDF SUEZ and Andhra Pradesh Gas Distribution Corporation (APGDC). The pre…
Kitimat LNG illustrationChevron buys EOG, Encana stake in Kitimat LNGEOG Resources and Encana have sold their shares in Kitimat LNG and the Pacific Trail Pipeline to Chevron, the supermajor announced on 24 December 2012.The financial terms of the deal were not disclosed…
Sabine Pass LNG2MPTA will be bought from Sabine LiquefactionCheniere Energy Partners announced that its subsidiary Sabine Pass Liquefaction has entered into a liquefied natural gas sale and purchase agreement (SPA) with Total Gas & Power North America…
Shell's PreludeShell and TSC team up on future LNG projects Shell Gas & Power Developments B.V. (Shell) and the Technip Samsung Consortium (TSC) have signed a heads of agreement to enhance collaboration on the design, engineering, procurement…
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