Booming, but for how long?
With the rapid rise in demand for LNG from Asia, the Australian coalbed methane (CBM) industry is booming. But could competition from US and Chinese shale gas frustrate Australian ambition?
Stay up to date with the latest news and updates from the LNG industry.
With the rapid rise in demand for LNG from Asia, the Australian coalbed methane (CBM) industry is booming. But could competition from US and Chinese shale gas frustrate Australian ambition?
GE Oil & Gas has received a contract of more than US$ 150 million from Apache in Australia to supply subsea equipment for the Julimar development project, located offshore near Dampier in Western Australia.
Shell exploration and Production has offered US$ 1.6 billion (£ 992.4 million) to buy UK based Cove Energy.
Anadarko has encountered more gas reserves in its Lagosta 3 appraisal well, providing more gas for its proposed LNG liquefaction project.
A joint venture between Thiess and EV LNG Australia (EVT) has won an approximately US$ 500 million contract to build LNG storage and condensate tanks for the Chevron operated Wheatstone project.
Yemen LNG is to divert 20 cargos a year to Korea for the next three years to take advantage of the higher LNG spot prices as the US market has been depressed due to the impact of the shale gas discoveries there.
EOG has reported significantly increased quarterly and annual profits.
A dedicated cluster group has been launched by ITF in Australia to drive forward the country's oil technology development.
Encana Corp. has signed an agreement with Mitsubishi Corp. for the sale of 40% of the Cutbank Ridge partnership.
Because of its deals with the Kurdistan region, ExxonMobil has been banned from the latest round of bidding in Iraq.
Santos has announced that a new gas reservoir offshore Bangladesh has been discovered.
Fugro has announced winning a GTL maintenance contract with Shell.