South Korea’s Kogas, world’s largest corporate buyer of LNG, has reportedly formalized a deal to resell 700,000 mt/year of LNG from U.S. Sabine Pass terminal to Total for 20 years starting 2017. “The price will be linked to the Henry Hub gas price,” Platts cited a Kogas official as saying. “The sell
DeepOcean AS, subsidiary of DeepOcean Group Holding BV, announces that company has been awarded the contract for inspection of the Nord Stream gas export pipelines in the Baltic Sea by Nord Stream AG. The Contract is for two years and confirms DeepOcean’s strong position as a provider of advanced pi
Wärtsilä, a leading global supplier of power plant and ship power solutions and services, has signed a turnkey contract to supply a liquefied natural gas (LNG) receiving terminal to be built in Tornio, northern Finland. The contract, valued at approximately EUR 100 million, has been made with Manga
TGS announces four new multi-client surveys; a 3D survey in offshore Northwest Australia, two 2D surveys offshore Madagascar and a 3D survey onshore Alberta, Canada. The Huzzas is a 2,100 km2 3D survey that will cover the Barrow Sub-basin, offshore Northwest Australia. The data is being acquired by
The Board of Mediterranean Oil & Gas Plc announces that agreement has been reached with the Government of Malta for a six month extension to the Production Sharing Contract (“PSC”) covering Area 4 Blocks 4, 5, 6 & 7 (“Area 4”). This extension will enable the Contractors to the PSC to have sufficient
CommVault has won a deal with INPEX to manage its data for the Ichthys Liquid Natural Gas project using Simpana 10; a project that contributes to helping Australia achieve its goal of becoming the world’s No. 1 LNG exporter by 2020. With the escalating exchange of vital engineering documents between
Buccaneer Energy Limited advises that the Alaskan Oil and Gas Conservation Commission (“AOGCC”) has determined that the proposed Cosmopolitan State # 2 well, which is planned to be drilled to 5,685’, could potentially penetrate formations that are capable of flowing oil. Consequently, a major modifi
After careful consideration, the Great South Basin joint venture parties Shell New Zealand, OMV New Zealand Ltd and Mitsui E&P Australia Pty Ltd have made a decision to take up the option to drill an exploration well in the PEP 50119 block. The timing of the drilling programme will be determined fol
GDF SUEZ announces first gas production from the Juliet field, a subsea development on the western flank of the Southern Gas Basin, 39 km East of the Lincolnshire coastline in the United Kingdom. Initial gas has been produced from the West Well, the first of two wells to be drilled. The second well
MEO Australia Limited provides the following update in relation to the G2/48 Concession in the Gulf of Thailand where it holds a 50% participating interest (through its wholly owned subsidiary Rayong Offshore Exploration Limited). The remaining 50% participating interest is currently held by Mubadal
Yokogawa Electric Corporation said that its subsidiary Yokogawa Europe Solutions has been awarded a contract by Yamgaz, a consortium of Technip and JGC Corporation, to supply integrated control and safety systems (ICSS) for the Yamal LNG project to build a liquefied natural gas plant and other facil
MEO Australia Limited provides the final update in relation to Blackwood-2 being drilled in NT/P68, operated by Eni Australia Ltd (Eni). Since the last report, in accordance with pre-drilling plans, the well was plugged and abandoned following conclusion of production testing. The rig was released f
Scottish Enterprise (SE) has approval for up to £2,400,000 funding to invest in Marine Energy Array Cabling Solution Development. The Scottish Enterprise is calling for a competitive dialogue, where focus will be to produce practical solutions to the challenge of providing low-cost, safe and effecti
DSME of South Korea said it has received an order for the world’s largest LNG – FSRU from Japan-based MOL on 27th December. According to DSME, this vessel is able to store 263,000 m3 of liquefied natural gas and vaporize 10 million m3 of LNG per day. DSME began developing LNG-RVs (Regasification Ves
