LNG

The return of Vladimir Putin to the Kremlin has been heralded as something of a retrograde step in the development and liberalisation of Russia’s economy.

French company Total, has announced that the gas leak at the company’s North Sea Elgin platform has finally been stopped after a successful top kill operation lasting just 12 hours.

The Obama administration has stated that it is not opposed to exporting US LNG, although its opinion will depend upon official analysis used to determine whether more LNG export projects should go ahead.

FMC Technologies has signed an agreement with Technip to supply loading arms as part of the Shell Prelude FLNG project.

Chesapeake Energy Corp has announced that it has received a loan worth US$ 3 billion from Goldman Sachs and Jeffries Group that should provide the company with short-term financial flexibility. The company’s CEO, Aubrey McClendon continues to face intense scrutiny over his financial activity.

Chevron and Tohoku Electric have signed a preliminary agreement to sell 1 million tpy of LNG to the company for 20 years.

Siemens Energy has been awarded a long-term service contract for 16 gas turbines spread across three Santos GLNG sites.

Leighton Contractors has won the US$ 93 million EPC contract from JKC Australia LNG Pty Ltd for Temporary site works at Blaydin Point, Darwin.

The Spanish company Repsol has posted a higher than expected Q1 income despite suffering losses as a result of the Argentinian government’s decision to nationalise YPF.

AF Group wins maintenance and modification contract for Hammerfest LNG.

Repsol is likely to cancel all remaining LNG shipments to Argentina after the nationalisation of YPF.

GDF Suez has signed an agreement with Sempra which will allow it access to 4 million toy of liquefaction capacity at Cameron LNG from 2016.

Gladstone LNG, the coal seam gas to LNG project led by Santos, has signed an agreement with Origin Energy to supply feed gas for liquefaction into LNG.

Woodside has accepted an offer from Japan Australia LNG (MIMI Browse) Pty Ltd. to purchase a 14.7% interest in Browse LNG for US$ 2 billion.

Woodside Petroleum has begun production from its Pluto LNG project in Western Australia and will load its first cargo of LNG today.