Top Stories PetroSA scraps Mossel Bay FLNG plans

PetroSA scraps Mossel Bay FLNG plans

Following extensive research into the feasibility of establishing a Floating Liquified Natural Gas (FLNG) import terminal in Mossel Bay, PetroSA, South Africa’s National Oil Company (NOC), has resolved not to pursue the project in the...

August 27 2014 / Read More »
Drewry: LNG shipping faces tough times

Drewry: LNG shipping faces tough times

Continuing weak demand and excess tonnage are expected to depress LNG shipping earnings in the near term. But longer term the sector could face vessel shortages as ordering slows and liquefaction projects come on stream,...

August 27 2014 / Read More »
Medvedev: LNG carrier fleet gives Gazprom market advantage

Medvedev: LNG carrier fleet gives Gazprom market advantage

Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee took part in the naming ceremony for an LNG carrier in the city of Jinhae (South Korea). The vessel with a cargo capacity of 170.200 cubic...

August 27 2014 / Read More »
BG Group Mzia tests show hub development potential

BG Group Mzia tests show hub development potential

BG Group said the results from a recently completed second drill-stem test (DST) on the Mzia discovery in Block 1, offshore southern Tanzania, provided further support for a hub development to supply a potential onshore LNG project....

August 27 2014 / Read More »
Golar LNG posts Q2 net loss of USD 24.2 mln

Golar LNG posts Q2 net loss of USD 24.2 mln

Golar LNG reported a second quarter 2014 net loss of $24.2 million, including a non-cash loss of $13.6 million on interest rate swaps. The company’s second quarter results show EBITDA of $1.1 million. Operating revenue...

August 27 2014 / Read More »
KOGAS offloading 10 autumn LNG cargoes

KOGAS offloading 10 autumn LNG cargoes

Kogas of South Korea has approached long-term LNG suppliers to defer up to 10 autumn cargoes for winter. Reuters reports industry sources saying that high stocks and weak demand urged Kogas to offload cargoes this summer...

August 26 2014 / Read More »
Klaipedos Nafta to expand LNG infrastructure

Klaipedos Nafta to expand LNG infrastructure

Klaipedos Nafta, implementing a liquefied natural gas (LNG) terminal project, said it is getting interest from market participants regarding LNG reload into railway wagons, LNG trucks and LNG bunkering. In order to determine the potential...

August 26 2014 / Read More »
Wood Mackenzie: Malaysia could overtake Qatar on the LNG market

Wood Mackenzie: Malaysia could overtake Qatar on the LNG market

Wood Mackenzie asserts that by 2020, Malaysia has the potential to be the largest supplier of flexible LNG to the global market, larger even than Qatar. The supply capacity of Malaysia’s Petronas is growing through new...

August 26 2014 / Read More »
Wartsila upgrades its LNG technical solutions

Wartsila upgrades its LNG technical solutions

With LNG becoming increasingly viable and popular as a marine fuel, Wärtsilä continues to develop technical solutions that facilitate this trend. The latest Wärtsilä developments in this field involve an upgraded version of the Wärtsilä...

August 26 2014 / Read More »
Headlines

Samsung C&T gets SLNG terminal expansion EPC

Samsung C&T gets SLNG terminal expansion EPC

Singapore LNG Corporation has awarded the Engineering, Procurement and Construction (EPC) contract for the Phase 3 expansion of the Singapore LNG Terminal to Samsung...

Aug 27 2014 / Read More »

STX Offshore & Shipbuilding completes LNG Pskov

STX Offshore & Shipbuilding completes LNG Pskov

  STX Offshore & Shipbuilding of South Korea hosted a name-giving ceremony for the LNG carrier Pskov after the construction of the vessel was...

Aug 26 2014 / Read More »

Top news of the week August 18-23, 2014

Top news of the week August 18-23, 2014

PetroChina rethinking its LNG strategy PetroChina was forced to think over its strategy of producing LNG as transport fuel to over 80,000 LNG vehicles...

Aug 24 2014 / Read More »

LNG in Mozambique gets USD 30 bln push

LNG in Mozambique gets USD 30 bln push

Mozambique’s natural gas sector will get a $30 billion investment to build the capacity for production of 20 million tonnes per year of LNG,...

Aug 22 2014 / Read More »

Santos GLNG project more than 85 pct complete

Santos GLNG project more than 85 pct complete

The US$18.5 billion Santos GLNG project is more than 85% complete and remains on track for first LNG in 2015, Santos said in its...

Aug 22 2014 / Read More »

Lithuania signs LNG import deal with Statoil

Lithuania signs LNG import deal with Statoil

Looking to free itself from the dependence on Russian gas, Lithuania signed its first LNG purchase deal with Norway’s Statoil. Starting in 2015, Statoil...

Aug 21 2014 / Read More »

Origin cash flow climbs

Origin cash flow climbs

Origin Energy announced a statutory profit of $530 million for the financial year ended 30 June 2014, a 40 per cent increase from $378...

Aug 21 2014 / Read More »

Inpex transfers Ichthys LNG interest to Kansai Electric

Inpex transfers Ichthys LNG interest to Kansai Electric

Inpex of Japan said it has agreed to transfer 1.2% of its equity interest in the Ichthys LNG project in Australia to Kansai Electric Power....

Aug 20 2014 / Read More »

Woodside posts record profit of USD 1.1 bln

Woodside posts record profit of USD 1.1 bln

LNG player Woodside has achieved a record half-year net profit after tax (NPAT) of US$1.105 billion, underpinned by record production of 46.5 MMboe and...

Aug 20 2014 / Read More »

Oil Search: both PNG LNG trains operating at full capacity

Oil Search: both PNG LNG trains operating at full capacity

Oil Search said on Tuesday that both PNG LNG project trains are now operating at full capacity, just three months after first production. “ExxonMobil’s...

Aug 19 2014 / Read More »




Also in the News

Stike Energy expands Cooper Basin acreage

Stike Energy expands Cooper Basin acreage

Strike Energy said that it has been successful in its application for block CO2013‐B in the Cooper Basin exploration acreage release by the Government of South Australia. CO2013‐B (Strike 100.0%) has an area of 3,443 km2 (850,786 acres), is located directly adjacent to PEL 96 (Strike 66.7%) and contains...

Aug 27 2014 / Read More »

RWE Dea starts gas production at CTP of Disouq in Egypt

RWE Dea starts gas production at CTP of Disouq in Egypt

RWE Dea said the production from the central treatment plant (CTP) of the Disouq development project in Egypt commenced at an initial rate of 45 million standard cubic feet gas per day. RWE Dea ramped up production progressively during the last few days to reach a rate of...

Aug 26 2014 / Read More »

Fitch Ratings: EU will not cut reliance on Russian gas soon

Fitch Ratings: EU will not cut reliance on Russian gas soon

Europe is unlikely to be able to reduce its reliance on Russian natural gas for at least the next decade and potentially much longer, Fitch Ratings says. At best the European Union may be able to avoid significantly increasing its gas purchases from Russia. Any...

Aug 26 2014 / Read More »

TrueStar gets All Waste CNG fueling station contract

TrueStar gets All Waste CNG fueling station contract

TruStar Energy was awarded the contract to design and build a large time-fill fueling station for All Waste, based in Hartford, Conn. According to All Waste’s Operation Manager, Bob Norton, domestic CNG dovetails with other environmental programs that have been championed by All Waste – one of the...

Aug 26 2014 / Read More »

MARAD releases natural gas fuel cycle study

MARAD releases natural gas fuel cycle study

The Maritime Administration (MARAD) released a study that evaluates total fuel cycle emissions for natural gas versus conventional marine fuels. This study was conducted as a part of MARAD’s Maritime Environmental & Technology Assistance program, which focuses efforts on emerging marine transportation and environmental issues....

Aug 26 2014 / Read More »

Shell hits gas at Marjoram-1 offshore Malaysia

Shell hits gas at Marjoram-1 offshore Malaysia

Shell announces further exploration success in Malaysia with another gas discovery at the Shell-operated deep-water Marjoram-1 well. “Our strategy to expand our heartland areas through technologically advanced exploration is delivering tangible success in deep-water in Malaysia,” said Andrew Brown, Shell Upstream International Director. “We have...

Aug 26 2014 / Read More »

Western awards Casino EPCM to M3 and looks for LNG suppliers

Western awards Casino EPCM to M3 and looks for LNG suppliers

Western Copper and Gold Corporation has awarded the engineering, procurement and construction management (“EPCM”) contract for the Casino Project to M3 Engineering & Technology Corporation of Tucson, Arizona. M3 is very familiar with Casino, having worked on the project from an early stage preparing two pre-feasibility studies as...

Aug 26 2014 / Read More »

LR publishes fire loadings and protection guidance notes for offshore industry

LR publishes fire loadings and protection guidance notes for offshore industry

Offshore fire risk requires a deep understanding and improved safety management on offshore vessels and installations, and ocean-going vessels. The new Lloyd’s Register Energy Guidance Notes, launched at ONS 2014, assist designers, owners and operators of oil and gas equipment on how to assess fire...

Aug 26 2014 / Read More »

HSR clearance granted for Kinder Morgan

HSR clearance granted for Kinder Morgan

Kinder Morgan said that the Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act (HSR) for its proposed acquisition of Kinder Morgan Energy Partners. The proposed acquisition was announced on August 10, 2014, along with the proposed acquisitions...

Aug 26 2014 / Read More »
Popular articles

Wheatstone LNG moving forward (VIDEO)»

The Chevron-operated Wheatstone LNG project continued to gain momentum in the first half of 2014, and remains on track for first gas in late 2016....

Aug 13 2014 / 1 comment / Read More »

BG: US LNG exports could reach up to 70 mtpa by 2025»

LNG player BG Group believes that the US could become an exporter of 60 to 70 mtpa of LNG by 2025, Andrew Walker, the company’s Vice President...

Aug 6 2014 / 1 comment / Read More »

Apache exiting Wheatstone and Kitimat LNG projects»

Houston-based Apache said on Thursday that it intends to completely exit Australia’s Wheatstone and Canada’s Kitimat LNG projects to focus on drilling onshore in North America. “Consistent...

Jul 31 2014 / 1 comment / Read More »

Yokogawa developing Yamal LNG systems»

  Yokogawa is currently developing control and safety systems for the Novatek-operated Yamal LNG project in Russia, Yokogawa Europe’s business development manager for upstream oil...

Jul 16 2014 / No comment / Read More »

Fluor wins Gate LNG expansion contract»

Fluor was awarded a contract by Gate Terminal, a unit of Dutch Vopak and Gasunie, to design and build an LNG break bulk terminal in Rotterdam, the...

Jul 15 2014 / 1 comment / Read More »
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