Anadarko Petroleum Corporation today announced the Golfinho exploration well discovered a new, major natural gas accumulation nearly 20 miles (32 kilometers) northwest of its Prosperidade complex within the Offshore Area 1 of the Rovuma Basin. The Golfinho discovery well encountered more than 193 ne
South Korea imported 2.72 million tonnes of LNG in April, up 15% from the same month in 2011 when the country purchased 2.37 million tonnes of LNG, customs data showed. The country’s LNG imports dropped 7.3% in March to 3.77 million tonnes of LNG, compared to the year before. The LNG cargoes in Apri
BP announced that it has signed two production sharing contracts with the Government of the Republic of Trinidad and Tobago. The two deep water exploration blocks are located approximately 300 kilometres from the North East coast of Trinidad. BP was awarded blocks 23(a) and TTDAA 14 in the 2010/2011
FMC Technologies said that it has signed an agreement with Technip France, on behalf of the Technip Samsung Consortium (TSC), to supply offshore loading arm systems as part of the Shell Prelude Floating Liquefied Natural Gas (FLNG) Project. FMC’s scope of supply includes seven offshore footless mari
API hosted its fifteenth hydraulic fracturing workshop on the oil and natural gas industry’s open and transparent process for developing recommended practices, industry standards and guidance documents for hydraulic fracturing, as well as the latest activities in the development of shale energy. “Ma
InterOil said today that the Papua New Guinea government plans to cancel an agreement for an LNG project in the country. The company said in a statement that it has received through an unofficial channel, from the Department of Petroleum and Energy (DPE), of a copy of a notice of intention to cancel
As vessel sizes steadily increase, so too do the pressures exerted on port infrastructure. However, a recent report indicates that many commercial ports don’t have adequate infrastructure in place to manage the increase in vessel sizes coming through their terminals. Richard Hepworth, Managing direc
Royal Dutch Shell is continuing with its plan to build an LNG terminal on Curtis island, near Gladstone, despite reports of rising costs, Reuters reported, citing Shell Australia chairwoman Ann Pickard. “”Obviously Shell has its own numbers, Arrow has its numbers, and PetroChina, our 50 percent part
InterOil said today its net profit for the quarter ended March 31, 2012 was $9.4 million compared with a net profit of $0.7 million for the same period in 2011, an improvement of $8.7 million. First Quarter 2012 Highlights and Recent Developments As of April 6, 2012, InterOil drilled the Triceratops
Chevron of USA said it has agreed to sell more LNG to Japan from its US$29 billion Wheatstone project. Chevron Austalia’s managing director, Roy Krzywosinski, yesterday told reporters in Adelaide that the company has signed a preliminary deal with Tohoku Electric to sell one million tonnes of LNG pe
Trinidad and Tobago shipped an LNG cargo from the Point Fortin terminal yesterday, according to shipping data. The cargo is being carried by the British Ruby, a 151,945 cubic-meter tanker and the destination of the cargo is unknown at this moment. Point Fortin LNG terminal produced 14,664,884 mt of
Mr Marek Karabuła, Vice-President of the Management Board of PGNiG in charge of Petroleum Mining since May 12th 2012, will serve as President of the Management Board of POGC Libya B.V. Consequently, on May 11th 2012, Mr Karabuła tendered resignation from his position on the PGNiG Management Board an
Wärtsilä, a leading global supplier of flexible and efficient power plant solutions and services, has signed an Operations & Maintenance (O&M) agreement with Sasol New Energy Holdings, a wholly owned subsidiary of Sasol, the integrated global energy and chemical company. The three year agreement cov
The Australian Government has today announced the 2012 Offshore Petroleum Exploration Acreage Release comprising 27 areas across nine basins in Commonwealth waters off Western Australia, the Northern Territory, Victoria, South Australia and Tasmania. Announcing the release at the annual APPEA confer
