LNG

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.

The organisation which represents America’s oil and gas companies has cautioned the president’s job council not to overlook potentially a million new oil and natural gas jobs, which could be created by energy development.

Teekay LNG Partners L.P. and its joint venture partner Marubeni Corporation have agreed to acquire ownership interests in eight LNG carriers from Denmark-based, A.P. Moller-Maersk A/S, for approximately US$ 1.4 billion.

Sinopec has agreed to buy Daylight Energy, the intermediate oil an gas company, for C$ 2.1 billion, the deal will give Sinopec access to over 300,000 acres of land rich in oil and shale gas reserves.

Total has signed the final agreements to jointly develop the Yamal LNG project, becoming the main international partner on this gas liquefaction project with a 20% share. Novatek intends to keep at least a 51% interest in the project.

Douglas Westwood has forecast strong growth in the drilling and production of unconventional gas through to 2020.

Arrow LNG (a joint venture between Petrochina and Shell) has acquired Bow Energy after boosting it’s bid to AU$ 535 million (US$ 524.2 million). Arrow had to raise its’ offer by 2% on it’s initial offering to secure the deal.

Chevron has given the green light to start work on the proposed Wheatstone LNG project in Western Australia, the approval has come after Chevron received federal approval to build the 25 million tpa LNG liquefaction plant last week.

A consortium formed by Techint E&C and Sener has successfully completed construction of a 12 billion m3/yr LNG regasification plant at the Gate terminal in Rotterdam. The plant was officially opened in a ceremony involving over 700 people including Her Majesty Queen Beatrix of the Netherlands.

GE’s integrated portfolio provides onsite power and water treatment solution for major Australian CBM-to-LNG project.

Chevron’s Wheatstone LNG project has received environmental approval from the federal government, clearing the final hurdle on the way to a final investment decision later this year.

GE Oil & Gas is to supply Technip with two steam turbine-driven compressors for the Shell Prelude FLNG project.

Husky Energy Inc. has sanctioned the development of the Liwan 3-1 and Liuhua 34-2 fields, the principal fields of the Liwan gas project in the South China Sea.

Bureau Veritas is extending its partnerships in the Russian shipping and offshore sector, focussing on High Arctic offshore projects.