Members of the Russian Federation State Duma visited the Zapolyarnoye oil, gas and condensate field located in the Yamal-Nenets Autonomous Okrug. Taking part in the trip were 15 heads and representatives of the State Duma’s Energy Committee; Transport Committee; Natural Resources, Environmental Mana
SOCAR, the State Oil Company of the Azerbaijan Republic, announced implementation of $14 billion worth project, which stipulates building of gas liquefaction plant, a new oil refinery and a chemical plant in the first quarter of 2013, Reuters informs. The annual capacity of the plant, intended for p
Oman LNG plans to shut one LNG train for maintenance on April 18 for thirty eight days, Times of Oman reported, citing Oman LNG’s Chief Operating Officer Rene de Nier . Oman LNG operates three liquefaction trains at its site in Qalhat, near Sur of which are two owned by Oman LNG and one by […
Chesapeake Energy Corporation announced three oil and gas asset monetization transactions for total proceeds of approximately $2.6 billion in cash. Chesapeake has completed the sale of preferred shares of a newly formed unrestricted, non-guarantor consolidated subsidiary, CHK Cleveland Tonkawa, and
LNG Energy announced that it has engaged RFC Corporate Finance, based in Sydney, to initiate and manage a farm-out process in respect of Papua New Guinea PPL 319 Licence. PPL 319 is in the lowland area of the Papuan fold and thrust belt between several substantial oil and gas fields and is on-trend
The U.S. Energy Information Administration (EIA) said in a report it expects that natural gas consumption will average 69.6 billion cubic feet per day (Bcf/d) in 2012, an increase of 2.8 Bcf/d (4.2 percent) from 2011. EIA expects that large gains in electric power use will offset declines in residen
Peru LNG shipped a cargo of liquefied natural gas to Thailand on April 9, according to PeruPetro S.A. The cargo is being hauled by the Sevilla Knutsen, a 173.400 cubic-meter tanker, and it is sailing to Thailand’s Map Tha Put LNG import terminal. The Peru LNG Project includes two parts: an LNG Plant
MEO Australia announced that its wholly owned subsidiary, Seruway Offshore Exploration Limited (SOEL) has a farmout process for up to a 50% participating interest in the Seruway PSC, offshore North Sumatra, Indonesia. A farmout brochure inviting key industry representatives to consider farming into
Engineering and construction company Clough Limited said that the Clough AMEC joint venture has been awarded a contract valued in excess of A$30 million for the Operability, Reliability and Maintainability (ORM) component of the Chevron-operated Wheatstone Project offshore facilities. Work will be p
Japan’s Mitsui O.S.K. Lines announced the completion of a table top drill based on the scenario of a fire in the engine room of the MOL-operated LNG carrier Grand Mereyain Tsugaru Strait, resulting in the vessel running aground. The 1st Regional Coast Guard Headquarters also cooperated in the drill,
OAO NOVATEK of Russia said its Gross production for the first quarter totaled 14.66 billion cubic meters of natural gas and 1.08 million tons of liquids (gas condensate and crude oil). Gross natural gas production increased by 1.23 billion cubic meters, or by 9.2%, and gross liquids production incre
Technip said it has been awarded by INPEX a flexible pipe supply lump sum contract for the Ichthys gas field, in Australia. INPEX has novated this contract to McDermott as part of the overall subsea umbilical, riser, flowline EPCI contract. The Ichthys LNG project is a Joint Venture between INPEX (7
Today, in Beijing, Eni and China National Offshore Oil Corporation (CNOOC) have signed a Production Sharing Contract (PSC) for the exploration of Block 30/27, which is situated 400km off the coast of Hong Kong. The Block, covering 5,130 square km in the attractive deep water of the South China Sea,
Tsakos Energy Navigation Limited today announced the order of one plus one state-of-the-art LNG carrier for delivery Q1 2015 at a major South Korean yard. The vessel is of the new tri-fuel design enabling the ship to run on fuel oil, marine diesel/gas oil and natural gas offering attractive alternat
