LNG

Foster Wheeler AG announced today that it has signed an engineering, procurement and construction management (EPCm) framework agreement with Qatargas.

QGC Pty Limited, developer of the Queensland Curtis LNG Project, has awarded a A$19.5 million contract to Australian firm Transfield Services for gas field work in the Surat Basin of Queensland.

American Petroleum Institute has launched a campaign against punitive taxes on the industry.

Highlighting recent downstream oil and gas investments from around the globe.

Statoil has brought its LNG plant at Hammer fest back online after an earlier shutdown on October 14.

RasGas has signed a long-term LNG supply agreement with EDF Trading for an annual contract quantity of up to 3.4 million tpy of LNG, equivalent to approximately 4.5 billion m3/yr of natural gas. It marks a further extension of a long-term relationship between RasGas and EDF Trading.

State-owned Israel Natural Gas Lines has reportedly signed a deal with Micoperi, the Italian marine contractor, to construct an offshore LNG terminal worth approximately US$ 140 million.

Gérard Mestrallet, Chairman and CEO of GDF SUEZ signed two agreements with China Investment Corporation (CIC) and China National Offshore Oil Corporation (CNOOC) illustrating the development strategy of GDF SUEZ in China and in the Asia-Pacific region.

BP’s chief executive Bob Dudley ahs declared that BP has reached a turning point and is now profitable after the last disastrous year that it has been through following the Macondo oil spill.

A quick roundup of downstream news from Asia.

The energy security strategies of states across the region, if not working in cooperation with each other, could have severe geopolitical and economic repercussions in a region where high food and oil prices threaten economic recovery and human security.

The 38 in. gas pipeline that links the block 18 gas field to the Balhaf terminal on the Gulf of Aden was sabotaged in Yemen on October 15th. The explosion occurred at in a desert region 75 km north of the Balhaf terminal.

Canada’s National Energy Board (NEB) has approved an application by KM LNG Operating General Partnership (KM LNG) for a licence to export liquefied LNG from Kitimat, British Columbia to markets in the Asia Pacific region.

Latin America will account for half of the projected floating production Capex over the next five years according to a new Douglas-Westwood report.

The latest EIC Monitor tracking new active and future projects across the global energy industry shows growth in potential investment value across all sectors this quarter.