AGL Energy is considering building an LNG import terminal in the southeastern part of Australia despite the fact that the country is on its way to becoming the world’s largest exporter of the chilled fuel. AGL revealed on Monday a A$17 million ($12.8 million) study on constructing the LNG import fac
Mitra Energy has completed the acquisition of the Stag oil field offshore Dampier, Australia, from Quadrant Energy and Santos. Jadestone Energy Australia, Mitra Energy’s subsidiary, has completed the previously announced acquisition on Friday, November 11, and now owns a 100 percent stake in the oil
Norwegian oil company Statoil has committed to drill an exploration well in the Licence P.2170, in the UK sector of the North Sea. The news has been revealed by Jersey Oil & Gas, Statoil’s partner in the offshore block, which holds an 18 percent stake there. According to Jersey Oil & Gas Statoil, as
Auckland Council’s Governing Body in New Zealand has voted to oppose the proposed offering of petroleum exploration permit applications in the Northland-Reinga and Taranaki Basins, in its submission on the matter to the government. According to a statement on Friday, in a lengthy debate on the econo
Italian shipbuilder Fincantieri is making a swoop for Vard Holdings Limited, a company building offshore support vessels for the oil and gas industry. Singapore-listed Vard, constructing offshore and specialized vessels, has around 9,000 employees and nine shipyards in Norway, Romania, Brazil and Vi
Australian LNG player Woodside on Monday said it has named Ian Macfarlane as a non executive director with immediate effect.
Subsea Asia 2016 is set to offer more opportunities for UK businesses to establish links in the region as the event moves to a four-day exhibition running alongside OSEA 2016 International Conference, Subsea UK informed. Subsea Asia provides a platform for suppliers in the subsea industry to meet po
The unexpected has happened. Donald Trump will be the next president of the United States of America.
FID reached on Woodfibre LNG project in Canada Woodfibre LNG on Friday said its parent company Pacific Oil & Gas Limited, part of the Singapore-based RGE group of companies, has made the final investment decision for the project. DSME: first Arctic LNG carrier to test icebreaking capabilities during
Six crew members were kidnapped from a general cargo ship which was attacked by pirates some 10 nautical miles off the Basilan Island, the Philippines, according to data provided by International Maritime Bureau (IMB). In the incident, which occurred in the early morning hours on November 11, ten pe
Brazilian oil giant Petrobras has slumped to a huge third quarter loss of R$16.5 billion ($4.8 billion), a result heavily impacted by asset impairments. The company said the impairment test was conducted in the third quarter, in line with a revision of a set of assumptions, such as Brent crude price
Brazil’s state-controlled oil and gas company Petrobras said Friday its liquefied natural gas (LNG) imports dropped by 63% in the January-September period. LNG imports into Brazil stood at 42 Mbbl/d (thousand barrels per day) in the mentioned period, as compared to 112 Mbbl/d the year before, Petrob
Houston-based energy giant and LNG player ConocoPhillips plans to further reduce capital expenditure and to sell up to $8 billion in natural gas assets. ConocoPhillips on Thursday revealed a $3 billion share repurchase program and the initiation of a $5 to $8 billion divestiture program, which will
Statoil has been hit by another incident on one of its platforms offshore Norway. According to Aftenbladet, a Norwegian business news website, an alarm went off on a night from Thursday to Friday on the Gullfaks A platform with 194 workers on board. The website also reported that the alarm went off
