Top news of the week Feb. 29-Mar. 5, 2016

Ann Pickard joins Woodside

Australian LNG player Woodside informed on Monday it has appointed Ann Pickard as a non-executive director.

Anadarko slashes 2016 capex, expects “minimal” investment in Mozambique LNG

Woodlands-based Anadarko on Friday said it will slash its 2016 spending by almost 50 percent, and expects minimal funding in its Mozambique LNG project during the year.

Malaysia’s Petronas delays its second FLNG project

Malaysia’s Petronas said Monday it has delayed the startup of its second FLNG facility as the energy giant is cutting costs in a depressed oil price environment.

Construction starts on Djibouti LNG terminal

A groundbreaking ceremony held on Thursday in Damerjog, Djibouti marked the start of construction of a liquefied natural gas export terminal, the Djibouti Ports & Free Zones Authority (DPFZA) said.

ExxonMobil cuts spending by 25 percent

Oil and gas giant ExxonMobil said Wednesday it will reduce capital spending by 25 percent in 2016. The Irving, Texas company plans to spend $23 billion this year.

LNG World News Staff