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Petrofac Secures Brunei Contract

Jan 11, 2019

Oilfield services provider Petrofac and its partner Serikandi Oilfield and Services Sdn Bhd, have secured a multi-annual Engineering Design Services contract to support Brunei Shell Petroleum (BSP) and Brunei LNG (BLNG) in Brunei.Petrofac and…

Shell Acquires 26% Stake in Hazira LNG

Jan 10, 2019

Royal Dutch Shell announced that it has completed the acquisition of French oil major Total SA's 26 percent stake in the company that operates 5 million tonnes per annum-Hazira LNG terminal in Gujarat, India.'Shell Gas, a subsidiary of Royal Dutch Shell plc…

PGNiG's LNG Imports Rises in 2018

Jan 10, 2019

Polish energy firm PGNiG said that the share of gas imports from Russia in total import volume fell last year to less than 67%. The share of LNG imports, however, increased to over 20%.In 2018, PGNiG imported over 0.62 bcm less natural gas from Russia than in 2017 (down 6…

Russian President Commissions Kaliningrad LNG Terminal

Jan 10, 2019

Russian President Vladimir Putin inaugurated a liquefied natural gas (LNG) import terminal that will serve as a back-up gas supply solution for the Russian enclave of Kaliningrad on the Baltic Sea.  The facility includes floating storage regasification unit (FSRU) in Baltic Sea enclave…

BP Energy Partners Acquires Cryopeak LNG Solutions

Jan 09, 2019

The private equity firm focused on the energy industry BP Energy Partners (BPEP), LLC announced it has purchased a controlling interest in Cryopeak LNG Solutions Corp, a customer-centric liquified natural gas (LNG) solutions company.Cryopeak…

LNG to Fuel Central American Plant

Jan 08, 2019

Finnish technology group Wärtsilä said it recently started site work for a new 378 megawatt power plant in El Salvador, Central America to be fired by liquefied natural gas (LNG).The technology group said that this facility, ordered by Energía del Pacífico…

8.5% Growth Expected for LNG Bunkering Market by 2026

Jan 06, 2019

The global LNG as a bunker fuel market was valued around US$ 550 million in 2017, and is expected to register a CAGR of over 8.5%.The first five-year cumulative revenue (2017-2021) is projected to be USD 3.4 bn which is expected to increase…

India to Build 50 MW LNG Power Project in Andaman

Jan 06, 2019

Indian Prime Minister Narendra Modi laid the foundation stone of the 50 Mega Watt liquefied natural gas (LNG) based power project in south Andaman. The will take around 18 months to be operational.NTPC Limited’s wholly-owned subsidiary NTPC…

Record LNG Capacity to Get Green Light in 2019

Jan 04, 2019

A record amount of liquefied natural gas (LNG) production is expected to get the green light in 2019 amid strong global demand, especially from China, analysts said.A final investment decision (FID) could be taken on more than 60 million tonnes per annum of LNG capacity this year…

Indonesia's Oil Output Rises

Jan 04, 2019

The Indonesian unit of Chevron Corp produced 209,400 barrels of oil per day (bpd) from the Rokan block in 2018, down from 223,000 bpd a year earlier, Dwi Soetjipto, chairman of upstream oil and gas regulator SKK Migas said.Exxon Mobil produced 209…

Polskie LNG Begins LNG Terminal Expansion Program

Jan 02, 2019

Polskie LNG, the owner and operator of LNG terminal in Poland published the contract notice that officially commences the tender procedure with the view to select the contractor for the expansion of LNG terminal in Poland, Świnoujście.These…

Novatek, Saibu Gas Ink MoU

Jan 02, 2019

Russia's largest independent natural gas producer Novatek said it had agreed with Japan's Saibu Gas to study the possibility for the Russian company to enter the Japanese energy market.Novatek said in a press release that PAO Novatek and Saibu Gas Co Ltd signed a  Memorandum of Understanding (MOU)…

Consortium Bags Commitments for Rovuma LNG Project

Jan 02, 2019

Area 4 co-venture participants -ExxonMobil, Eni, China National Petroleum Corporation (CNPC), Empresa Nacional de Hidrocarbonetos, Kogas and Galp - have secured liquefied natural gas (LNG) offtake commitments from affiliated buyer entities of…

Challenge Peak Ships 1st Plant Condensate from Ichthys LNG Project

Jan 02, 2019

The oil products tanker operated by Singapore-based NYK Bulkship (Asia) Challenge Peak  has shipped the first batch of plant condensate produced at the onshore gas liquefaction plant of the INPEX-operated Ichthys LNG Project.According to a press…

Rovuma LNG Moves Toward FID in 2019

Dec 28, 2018

Partners in the Rovuma liquefied natural gas (LNG) project in Mozambique say they are moving “rapidly” toward a final investment decision (FID) for the first phase of the project in 2019 after securing LNG offtake commitments from buyers.The project will produce…

Current News

South Korean Firm Buys Into Indonesian Offshore Oil Block

South Korean Firm Buys Into Indonesian Offshore Oil Block

Petronas, CNOOC Ink LNG Sale and Purchase Agreement

Petronas, CNOOC Ink LNG Sale and Purchase Agreement

Russia Gives ExxonMobil More Time to Exit Sakhalin-1 Oil and Gas Project

Russia Gives ExxonMobil More Time to Exit Sakhalin-1 Oil and Gas Project

Yinson Production Cuts First Steel for Vietnam-Bound FSO

Yinson Production Cuts First Steel for Vietnam-Bound FSO

CNOOC Makes Major Oil Discovery in Bohai Sea

CNOOC Makes Major Oil Discovery in Bohai Sea

DOF Bags Two Deals in Asia-Pacific Region

DOF Bags Two Deals in Asia-Pacific Region

CNOOC Launches New Offshore Oil Development in Southern China

CNOOC Launches New Offshore Oil Development in Southern China

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