LNG

Rosneft has signed Heads of Agreement with PDVSA to establish a joint venture to implement a large scale project for the production, treatment and sale of natural gas extracted from fields off of the coast of Venezuela.

Qatargas has announced that it has signed a Memorandum of Understanding with Shell and the Maersk Group to explore the development of LNG as a marine fuel in the Middle East.

Reuters reports that a tanker has docked at Cheniere Energy’s Sabine Pass LNG terminal to ship the facility’s first LNG export cargo.

Exxon Mobil Corp. has announced it added 1 billion boe of proved oil and gas reserves in 2015, replacing 67% of production, including a 219% replacement ratio for crude oil and other liquids.

CME Group has launched a new LNG DES Japan (Rim) futures contract.

Inpex has announced that construction of the reinforced concrete roof of its second LNG tank at Bladin Point has been completed.

POSCO E&C has announced that it has been awarded a US$650 million contract for the construction of a combined cycle power plant and LNG terminal in Panama.

GasLog and GasLog Partners have entered into binding agreements for the refinancing of six LNG carriers.

Santos has reported a net loss of AUS$2.7 billion in 2015, as a result of after tax impairments and the lower oil price.

Becker Marine Systems has announced that it has received a federal grant for its LNG PowerPac, which supplies power to moored containerships.

Corpus Christi Liquefaction and Cheniere Energy will apply for approval from the US Federal Energy Regulatory Commission to commence construction on the Stage 3 expansion project.

The ACCC has proposed to conditionally authorise Queensland LNG producers to coordinate their maintenance schedules.

GTT has announced that its 2015 revenues and net margin were in line with its targets.

Teekay GP LLC has announced that the partnership generated distributable cash flow of US$61.5 million in 4Q15, compared to US$69 million in the same period in the previous year.

ConocoPhillips has announced a number of executive leadership changes, as Jeff Sheets prepares to step down as Executive Vice President, Finance and Chief Financial Officer.