Oil and gas company Independent Oil and Gas (IOG) has extended the license containing the Blythe gas discovery in the Southern North Sea with plans to submit the field development plan before the end of 2016. IOG said on Thursday that, following discussions with the UK Oil & Gas Authority (OGA), the
Chevron has reduced its capex to $19.8 billion for 2017, a steep drop from a year ago levels. The 2017 budget represents a reduction of 42 percent from 2015 outlays and is expected to be at least 15 percent lower than projected 2016 capital investments, the company said. The budget for 2015 had been
US-based energy giant Chevron on Wednesday revealed a $19.8 billion capital and exploratory investment program for 2017, earmarking about $2 billion toward the completion of the Gorgon and Wheatstone LNG projects in Australia. Chevron said the investment program represents a reduction of 42 percent
Bangladesh has reportedly chosen India’s Reliance Power to build a LNG-based power plant project that includes a floating storage and regasification unit. The award would be announced during Prime Minister Sheikh Hasina’s visit to India in mid-December, Platts reported on Wednesday. The Ministry of
The Asian Development Bank (ADB) will provide $1 billion in private and public sector assistance to expand Azerbaijan’s Shah Deniz II, a large gas field in the Caspian Sea. According to Manila-based ADB, the assistance comprises a $500 million private sector loan to the Southern Gas Corridor Closed
An offshore worker has died in an accident aboard a North Sea platform, offshore UK. According to available information, the worker employed aboard a Perenco-run platform died after an incident on Tuesday, December 5. Norfolk Eastern Daily Press has managed to obtain a statement from a Perenco spoke
CAPE Holland extracted a wind turbine foundation monopile at the Maasvlakte area in Rotterdam last week, as part of a demonstration project for its CAPE Vibro Lifting Tool (VLT). The 4m diameter pile was installed in May 2016 for the purpose of demonstration, which resulted in loosening and extracti
CAPE Holland extracted a wind turbine foundation monopile at the Maasvlakte area in Rotterdam last week, as part of a demonstration project for its CAPE Vibro Lifting Tool (VLT). The 4m diameter pile was installed in May 2016 for the purpose of demonstration, which resulted in loosening and extracti
Trafigura, one of the world’s largest commodities trading firms, said its LNG volumes rose 53 percent in the 2016 financial year as the global LNG market continued its rapid expansion. The independent trading company increased its LNG trade to 6.4 million mt in the financial year ended September 30,
DUBAI (Reuters) – Royal Dutch Shell <RDSa.L> will sign initial agreements on Wednesday to develop Iranian oil and gas fields, an Iranian official said, the first deal by the world’s second biggest listed oil firm in Iran since sanctions were lifted. Analysts said the deals showed major oil companies
Klaipedos Nafta, the operator of the first Lithuanian LNG terminal said on Wednesday that the import facility earned 3.5 percent more in the January-November period. Sales revenues coming from the regasification activity from Höegh LNG’s FSRU Independence located in the port of Klaipeda were at 61.4
A2SEA has contracted Aqualis Offshore to perform engineering consultancy services for wind turbine installation works at the Horns Rev 3 wind farm offshore Denmark. Aqualis Offshore’s London-office will provide structural site assessments at the locations where A2SEA’s SEA INSTALLER jack-up vessel w
The International Gas Union is urging India to use more natural gas and LNG instead of coal in order to tackle growing air quality issues in the country. In a report titled “Global Gas Markets supporting Growth and Sustainability”, discussed at the fifth IEF-IGU Ministerial Gas Forum meeting held in
Oil company Hellenic Petroleum has been awarded Block 10, in the Kyparissiakos Gulf off Greece, for exploration and exploitation of hydrocarbons. The Greek Ministry of Environment & Energy declared the oil company as the selected applicant for the offshore Block 10 on Tuesday, December 6 as part of
