The British Columbia government has opened talks with Canada's natural gas industry about a possible new tax on LNG exports, which Premier Christy Clark estimates could generate C$1 trillion in cumulative GDP over the next 30 years. ...
Tags: LNG exports, gas industry, gas
Ube Industries, Ltd. announced that it will cease production of caprolactam (CPL) at the Sakai Factory in Japan. The decision was made today at a meeting of the Board of Directors and will result in the company recording an extraordinary ...
Tags: Ube Industries, caprolactam, Sakai Factory
Korea Gas Corporation, the world's single-largest buyer of LNG, has stepped up efforts to sell part of its stake in Australia's Gladstone LNG project, a company official told Platts Friday. The South Korean state-owned company has ...
Tags: Korea Gas Corporation, LNG, LNG project
Royal Dutch Shell Plc, the world leading multinational oil and gas company, has announced the annual report of 2012. The company’s equity LNG sales in the calendar year amounted to 20.2 million tonnes with an increase of 1.37 million ...
Tags: Royal Dutch Shell Plc, oil, gas, equity LNG sales
BP announced its financial results for the fourth quarter and full year of 2012. Underlying replacement cost profit, adjusted for non-operating items and fair value accounting effects, was $4.0 billion for the fourth quarter, compared to ...
Tags: BP, financial results, fourth quarter
A recent study highlighting the net economic benefits of US liquefied natural gas exports is not the final word on whether to approve pending export applications, according to a top official at the US Department of Energy. "One thing to ...
Tags: net economic benefits, US, liquefied natural gas, DOE
The UK's BG Group no longer expects to meet a medium-term production target of more than 1 million b/d of oil equivalent by 2015, the company said Tuesday, as short-term production issues in Egypt and the UK continue to weigh on BG's ...
Italy's Eni will spend a total of $1.445 billion to develop the Jangkrik North East offshore gas field in Indonesia's Muara Bakau block in the Makassar Strait, the head of Indonesia's upstream regulator SKK Migas said Friday. The ...
Shell said Thursday it remains on track to grow its oil and gas production by over 20% in the next five to six years, despite weak North American fuel prices continuing to dent the performance of its key upstream growth centre. ...
Tags: oil, gas production, fuel prices, North America
Israel's refined oil product demand rose by 19% in 2012 due to sharply higher consumption of gasoil and fuel oil in the country's electricity sector, the country's Energy and Water Ministry said Wednesday. The ministry's Fuel and Gas ...
Tags: Israel, refined oil product, gasoil, fuel oil
Australia's National Offshore Petroleum Titles Administrator has offered the Shell-led Crux joint venture a five-year retention lease for production license AC/L9, located off the country's northwest coast. "The Crux JV will now ...
The Asian LNG spot price is expected to peak at an average of $16.90/MMBtu in 2013, with the LNG market expected to tighten further and freight rates to remain high, Goldman Sachs said in a report released late Monday. "The Japan ...
Tags: LNG spot price, LNG market, Asia
Asian LNG prices will remain predominantly oil-linked for the foreseeable future, Shahriar Fesharaki, COO at consultancy Facts Global Energy, said at a conference in Singapore Friday. "Asian LNG price will remain predominantly linked ...
Tags: Asian LNG price, Facts Global Energy, oil
ExxonMobil's Papua New Guinea LNG plant is on schedule to start up and ship its first LNG in 2014, Peter Botten, Managing Director of minority project shareholder Oil Search, said at a conference Thursday. The 6.9 million mt/year, ...
Tags: ExxonMobil, Oil Search, natural gas
McIlvaine Company has revised its forecast for growth in the industrial valve industry over the next five years. The current forecast is for 5 percent growth. This is being revised to 5.5 percent CAGR for the 2013-2017 period. The basis ...