LNG

Statoil ASA has decided to divest a 24.1% direct and indirect stake in Gassled joint venture (jv) for US$ 3.25 billion. Following this transaction, Statoil will continue to own 5.0% in the jv.

The two companies have signed and MoU to form a partnership to develop onshore LNG and upstream projects.

PETRONAS has formed a partnership with Progress Progress Energy Resources Corporation to develop the Altares, Lily and Kahta shale gas assets in northeastern British Columbia.

KBR has been chosen by Curtis Island LNG and Asia Pacific LNG to design three massive 42 in. gas pipelines to carry coal seam gas to the Curtis Island terminal from inland gasfields in Queensland, Australia.

A round up of recent downstream news from all over Europe. Including an update of refineries currently up for sale or closure.

Petronet LNG Ltd and Gazprom Global LNG have concluded a memorandum of understanding for the long term supply of 2.5 million tpy of LNG for up to 25 years.

Hyundai Heavy Industries has won a US$ 600 million order to build two 155,000 m3 LNG carriers, and has another order from Rowan Companies for two drillships worth US$ 1.12 billion.

Shell has given notice to a Technip Samsung Consortium (TSC) to proceed with the construction of the first FLNG facility in the world.

Stena Bulk has bought three LNG tankers from the Taiwan-based shipping company TMT for a total of US$ 700 million.

Is there a risk that Papua New Guinea's newfound LNG wealth could be a fuel for civil disorder as rival groups scramble for control of resources?

The US Department of Energy has issued a conditional authorisation approving an application to export 803 billion ft3/ yr of LNG from the Sabine Pass LNG Terminal in Louisiana.

Shell is planning to build the world’s largest offshore floating facility. The FLNG facility will be sited 200 km offshore Australia.

API CEo Jack Gerard addressed an LA audience on the central role of the energy industry in the economy of California and the US as a whole.

The institute sees the vote result as a step in the right direction, away from heavy oil and gas taxation and towards further development of US domestic reserves.

Nacap sold to Habau; business efforts to be combined.