LNG

Statoil has signed a deal to supply 1 billion m3 of LNg over 3.5 years to Petronas in Malaysia.

TransCanada Corp. has been selected by Shell and its partners to design, build, own and operate the proposed Coastal GasLink project.

A report by APPEA has concluded that even thought here is still uncertainty in the industry, the potential rewards to Australia if the gas industry continues to grow are enormous.

A new IEA energy report has predicted that natural gas use will see huge growth over the coming years buoyed up by demand in China and Asia, even though European demand is likely to decrease.

GE Oil & Gas has won the contract to supply turbocompression technology for the Petronas LNG Train 9 project.

The Technip-Daewoo Consortium (TDC), has been awarded the services contract for engineering, procurement, construction, installation and commissioning for an FLNG facility with a 1.2 million tpy capacity by Petronas Floating LNG 1 (Labuan) Ltd.

DNV are conducting a risk study for Gasnor and Brunsbuttel port who are considering building LNG bunkering facilities.

Reliance Power, Kakinda seaports and Shell have formed a joint venture to build an LNG terminal on India’s east coast.

The second day of the fourth Iraqi licensing round has been met with a lukewarm response as only two more blocks have been awarded. The winners of the two new blocks are a group led by Lukoil and Pakistan Petroleum.

The Danish government has stuck to its forecast of an 8% decline in oil production for 2012.

Statoil has revealed that a gas leak occurred at the company’s Norwegian North Sea Heimdal platform.

Spanish company Repsol has revealed major plans designed to increase growth through extensive use of the company’s upstream wing over the next four years.

BP yesterday signed a MoU to provide long-term LNG supply to Indonesia’s state electricity company.

Russia’s giant Shtokman field is to switch its production to LNG and begin focusing on Asian markets instead of Europe.

CNPC and China Shipping have signed an agreement to work together on the transportation and marketing of oil and gas products.