LNG

Chevron has received environmental approval from the Government of Western Australia, clearing the way for work to start on its huge Wheatstone LNG gas export project once it receives federal approval.

Nancy Yamaguchi, Contributing Editor, provides an overview of Japan's energy industry in the wake of the recent earthquake.

Excelerate Energy has won a 15 year time charter deal with Petrobras to provide an FSRU, the vessel, designated as VT3 by Petrobras, will have a capacity of 20 million m3/d.

Total, operator of Block 17, today announced that the giant Pazflor field offshore Angola has come on stream ahead of the initial schedule. The Pazflor field lies 150 km off Luanda in water depths ranging from 600 - 1200 m and has estimated proved and probable reserves of 590 million barrels. The field will gradually ramp up to its full production capacity of 220,000 bpd over the coming months.

BP Trinidad and Tobago (bpTT) today announced the start of natural gas production from the Serrette field, offshore Trinidad. Serrette is located in 280 ft (90 m) of water off Trinidad’s south east coast.

Daewoo Shipbuilding & Marine Engineering Co. has won a US$ 280 million deal to build a floating storage and regasification vessel. The vessel will be delivered in 2014.

How can companies protect their workers in the event of the collapse of governance and civil authority in the countries where it operates?

Pivotal LNG, a subsidiary of AGL Resources Inc., has signed an agreement with Encana Natural Gas Inc., to supply LNG that Encana plans to offer to service providers operating fleet trucks in the Haynesville area of Louisiana.

Woodside Petroleum has been awarded AU 1.5 million in compensation by a Federal Court over an illegal strike at its Pluto LNG site back in December 2009, which was actively encouraged by the Construction Forestry Mining and Energy Union (CFMEU).

Anadarko has discovered significant gas reserves in the Barquentine complex offshore Mozambique, the company plans to use the reserves as feed-gas for an LNG facility.

Arrow LNG, owned by Petrochina and Shell has made an offer of AU$ 520 million (US$ 543 million) to acquire the gas explorer Bow Energy.

Demand for subsea vessels is projected to make a strong recovery as confidence returns to the industry and more deepwater projects are sanctioned.

Nigeria National Petroleum Corp. (NNPC) is taking a US$ 2 billion dollar loan in order to unlock capital to push the project forward. The company plans to reduce its stake in the project as well.

CJV, a joint venture comprising of Chiyoda, as JV leader, CB&I and Saipem S.p.A., has been awarded the FEED contract for the Arrow LNG plant project.

A group of US businesses and business groups, including API, have written a letter to President Obama asking him to intervene in the implementation of stringent new standards.