News
BP outlook: LNG to grow seven times faster than pipeline gas trade
Global LNG sector will grow seven times faster than pipeline gas trade and is expected to account for around half of all globally traded gas by 2035, up from 32 percent now, BP said in its annual Energy Outlook on Wednesday.
VIDEO: BP brings online Thunder Horse expansion project
UK oil giant BP has launched a video of its Thunder Horse South Expansion project, located in the U.S. Gulf of Mexico, sharing the details about the project. According to BP’s Project Manager Steve Raymer, the Thunder Horse South Expansion adds a new four-slot manifold to create a new drill center,
Agreement on Tanzanian LNG project to be reached by 2018
An agreement between the Tanzanian government and the international majors looking to build a US$30 billion LNG export project, could be reached in 2018.
‘Grinding Nemo’ billboard aimed at Cape Sharp project
A billboard that reads “Grinding Nemo” has been set up by a group of fishermen and other citizens concerned about the impact of Cape Sharp Tidal’s project in the Bay of Fundy, Global News reports.
DOE: US LNG exports reach 142 Bcf in Feb-Nov
Liquefied natural gas (LNG) exports from Cheniere’s Sabine Pass liquefaction facility reached slightly above 142 billion cubic feet during the February-November period, the latest data from the U.S. Department of Energy shows. The Sabine Pass liquefaction plant, first of its kind to ship U.S. shale
Parallel49 Equity acquires Midwest LNG supplier Kinetrex
Parallel49 Equity, a private equity investment firm headquartered in Vancouver, acquired a Midwest LNG supplier, Kinetrex Energy, from Citizens Resources.
How Russia sold its oil jewel — without saying who bought it
By Katya Golubkova, Dmitry Zhdannikov and Stephen Jewkes MOSCOW/LONDON/MILAN (Reuters) – More than a month after Russia announced one of its biggest privatisations since the 1990s, selling a 19.5 percent stake in its giant oil company Rosneft, it still isn’t possible to determine from public records
Petrobras responds to Dutch lawsuit
Petrobras has responded to a lawsuit filed in Dutch court by a group of international investors against the Brazilian oil company. Earlier this week, Petrobras’ subsidiaries, Petrobras International Braspetro B.V. and Petrobras Global Finance B.V., were mentioned in a legal action filed by Stichting
AGDC hires former Senator to assist in government relations
The Alaska Gasline Development Corporation (AGDC), the company that has taken over the leadership of the Alaska LNG project, hired former Senator Gene Therriault to assist in government relations.
UK: Union promises to protect BP workers after Magnus sale
Offshore workers’ union in the UK, Unite, has pledged to make sure the rights of BP workers are protected in any transfer to a new employer after BP’s sale of interests in a UK North Sea field and some associated pipeline infrastructure to EnQuest. To remind, BP on Tuesday announced the sale of 25 p
Japan’s 2016 LNG imports drop 2 pct
Liquefied natural gas (LNG) imports into Japan, the world’s largest consumer of the chilled fuel, dropped 2 percent in 2016. Japan imported 83.34 million mt of LNG in 2016, as compared to 85.05 million mt the year before, according to the provisional data released by Japan’s Ministry of Finance. Thi
Alphaliner: Boxship Additions Twice as High as Scrapping Forecast
The large number of very large container ships (VLCS) and ultra large container ships (ULCS) due to be delivered in 2017 is projected to be twice as high as 0.75 million TEU containership scrapping forecast for the year, according to Alphaliner. The overall delivery figure for the year stands at 1.6
Australia: Ichthys power plant contract terminated, hundreds of jobs affected
A $550 million contract for the construction of a combined cycle power plant for the Inpex-operated Ichthys LNG project in Australia has been terminated, leaving hundreds of workers in limbo. The UGL-CH2M JV consortium has terminated its contract with JKC Australia for the design, construction and c
Canada: Funds granted for review of oil duo’s offshore drilling plans
The Canadian government is granting funds for individuals and groups who want to take part in the environmental assessments of ExxonMobil’s and Statoil’s proposed offshore drilling plans in Canada. ExxonMobil is proposing to conduct an exploration drilling project within offshore exploration license