A combination of new supply sources and rising costs at home could mean Australia's burgeoning LNG sector losing ground to new players, several speakers at an oil industry conference in Brisbane warned this week. On Sunday the chief ...
Tags: Australian LNG, New Supply
The location and nature of the Scarborough natural gas field off Western Australia mean the project will be "very challenged from a cost point of view," Mark Nolan, ExxonMobil's vice president for Middle East and Australia, said Monday. ...
Tags: Chemicals
Horizon Oil has agreed to sell 40% of its assets in Papua New Guinea, which it hopes will underpin a mid-scale LNG project, to Japanese utility Osaka Gas for $204 million, the Australia-listed company said Thursday. The purchase price ...
Tags: Australia's Horizon, Osaka Gas
The Novatek-led Yamal LNG consortium's marketing of LNG from the project and final investment decision are not dependent on whether the Russian government would allow companies other than Gazprom to export gas from the country, ...
Methanex Corporation announced that it has reached a final investment decision to proceed with the relocation of a second one million tonne per year methanol plant from its Chile site to Geismar, Louisiana. The plant is expected to be ...
Tags: Textile
Russian gas giant Gazprom held discussions Wednesday with Japan's Ministry of Economy, Trade and Industry (METI) on expansion of energy cooperation, with joint design and construction of a nationwide gas grid for Japan among the issues on ...
Tags: National Gas Grid, Chemicals
Two Japanese companies, Mitsubishi Gas Chemical Company and Mitsubishi Corporation are in the final stages of an agreement with the Government of Trinidad and Tobago and local partner, Neal & Massy Holdings Limited, to start developing a ...
Tags: natural gas, petrochemicals, Textile
ExxonMobil has sought Australian government approval to install the world's largest floating LNG production facility at the Scarborough gas field it shares with BHP Billiton in the Carnarvon Basin off the country's northwest coast. The ...
Sumitomo and Tokyo Gas have concluded a natural gas liquefaction tolling agreement with Dominion Resources and signed heads of agreements to supply LNG from the US company's proposed Cove Point project in Maryland, the Japanese companies ...
Idemitsu Kosan and Mitsui to sign a basic agreement to commence study on Alpha Olefins production in the United States Idemitsu Kosan Co., Ltd. and Mitsui & Co., Ltd. have signed a basic agreement to commence studies through the ...
Tags: Alpha Olefins, Idemitsu Kosan, Mitsui
With 100% of its ethylene cracking capacity located in the Middle East and North America, US oil and petrochemical major Chevron is poised to benefit financially and competitively from its access to cheap feedstock, the company said ...
Tags: Chevron, oil, petrochemical
The UK government Friday gave its consent to Norway's Statoil to go ahead with the $7 billion Mariner oil field development which is set to be the UK's biggest new North Sea project in more than a decade. Statoil took the final ...
Woodside Petroleum's Browse LNG project could end up being developed in a lower-cost environment after 2014, now that the joint venture partners are aligned for the first time, analysts at the Hong Kong office of Bernstein Research said in ...
Tags: Woodside Petroleum, Browse LNG project, commercial development
Russia's largest independent gas producer Novatek plans to start selling LNG produced at its Arctic Yamal project in late 2016, despite a recent delay in taking the final investment decision, the company's president Leonid Mikhelson told ...
Tags: Chemicals, Russian Novatek, LNG, Yamal project
In a sweeping change of ownership, Chevron is taking control of Canada's Kitimat LNG project, with two of the three partners bowing out after failing in their attempts over the past year to secure offtake customers in Asia. The ...
Tags: Chevron, offtake customer, Asia, Kitimat LNG project