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Iran Unveils New Oil Contracts as It Seeks International Investment

Dec 2, 2015

Iran unveiled its hotly anticipated new petroleum contracts to dozens of international oil companies in Tehran Saturday, and the first set of new tenders could be released by late January, a senior Iranian oil official said. The two-day ...

Tags: Oil, LNG, Iran Petroleum

Fossil Fuel Sector Seen Risking $2.2 Trillion on Stranded Assets

Nov 25, 2015

Fossil fuel companies risk wasting up to $2.2 trillion in the next decade by pursuing projects that could be uneconomic in the face of international action to limit climate change, UK-based financial think-tank Carbon Tracker Initiative ...

Tags: Fossil Fuel, natural gas, oil shale, oil sands

Shell Creates Standalone Gas Division, Sees More BG Deal Synergies

Nov 4, 2015

Shell is to operate a standalone integrated gas division from the start of 2016 -- given the business's increasing importance to the overall group -- in a move that will also help Shell to integrate BG Group which it agreed to buy in April ...

Tags: Shell, Integrated gas, BG

Chevron Lowers 2017 Production Target Slightly, Cuts Capital Spending 25% for 2016

Nov 4, 2015

Chevron on Friday revised slightly lower an earlier future production target due to prolonged but uncertain lower oil prices, while at the same slashing its capital spending for 2016 by 25% compared to this year. The company now sees ...

Tags: Chevron, oil prices, shale oil

East Africa Is Undergoing a Major Transformation on The Energy Market

Nov 11, 2014

East Africa is undergoing a major transformation to become a new world-class player on the energy market. By 2025, east Africa is expected to experience an incremental production growth of nearly one million barrels per day (b/d), led by ...

Tags: energy market, Hydrocarbon

Toll's Revenue Increased 1.1 Per Cent Over The Previous Year to $8.8 Billion

Aug 20, 2014

Toll’s revenue increased 1.1 per cent over the previous year to $8.8 billion. Total earnings before interest and tax (before individually significant items) were up 4.3 per cent to $444.4 million, and net profit after tax (before ...

Tags: Toll, Challenges, Service

More Than Half of Asia's Gas Needs Will Be Supplied by LNG by 2030

Jun 6, 2014

More than half of Asia's gas needs will be supplied by LNG by 2030, Santos Ltd CEO David Knox said Thursday, adding that this will provide the Australian LNG exporter opportunities to grow. Speaking from the Brisbane Mining Club, Knox ...

Tags: Gas, Chemicals, Metallurgy, Mineral, Energy

Australia Is Due for a Second Wave of LNG Project Development

Jun 3, 2014

Australia is due for a second wave of LNG project development, despite spiraling costs that have hindered further progress in recent years, Santos Vice President of LNG Markets and Eastern Australia Commercial Peter Cleary said. Speaking ...

Tags: LNG Development, LNG Markets

The Global LNG Market Will Remain Tight Through The End of The Decade

Apr 9, 2014

The global LNG market will remain tight through the end of the decade as growing demand in Asia, South America and Europe outpaces supply constrained by high costs and underdeveloped infrastructure, according to a study released Thursday by ...

Tags: LNG Market, LNG demand

The Establishment of an Asian Regional Gas Trading Hub Is Still at Least Five Years Away

Apr 3, 2014

The establishment of an Asian regional gas trading hub is still at least five years away, International Gas Union President Jerome Ferrier told a press conference in Sydney Tuesday. LNG importers in Asia are studying plans to establish a ...

Tags: LNG importers, gas, natural gas

Gas Buyers in Asia Are Facing The Problems of High Prices

Mar 31, 2014

Gas buyers in Asia are facing the same problems of high prices and a monopolistic market that their counterparts in Europe faced a decade or so ago, but there is no equivalent regulatory body that can force suppliers to change their ...

Tags: Gas Markets, Europe's Dilemma

Pivotal LNG and WesPac Today Announced They Have Been Selected by TOTE,Inc

Feb 25, 2014

Pivotal LNG and WesPac Midstream LLC selected to serve TOTE's LNG vessels in Jacksonville, Florida Monday, Feb 10, 2014 Pivotal LNG, Inc., a wholly owned subsidiary of AGL Resources (NYSE: GAS), and WesPac Midstream LLC (WesPac) today ...

Tags: TOTE, LLC, Pivotal LNG, EVP

China Predicted to Use 45 Billion Cubic Meters of Gas by 2030

Feb 10, 2014

China predicted to use 45 billion cubic meters of gas by 2030 As China strives to convert to cleaner energy, its liquefied natural gas production capacity will soar in 2014, with higher profits supporting more projects. Fifty-five ...

Tags: LNG Growth, Mineral

CNOOC Has Signed an Agreement with a Taiwanese Company to Help Promote LNG

Jan 23, 2014

China National Offshore Oil Corp has signed an agreement with a Taiwanese company to help promote LNG in Taiwan's Kinmen county. Shinfox Corp. confirmed Monday that it had signed a framework agreement on Friday with CNOOC's majority-owned ...

Tags: spot cargoes, Chemicals

The First Block of The Keel Was Laid in The Presence of The Integrated Project Team

Jan 14, 2014

The keel laying process for PETRONAS' first floating liquefied natural gas facility (PFLNG 1) has commenced this week, marking another significant milestone in the construction of the facility at the Daewoo Shipbuilding & Marine Engineering ...

Tags: Oil News, Gas News, Petronas, Floating LNG

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