A consortium of Indian companies led by OVL India (ONGC Videsh) is to acquire a 49 per cent stake in Russia's Rosneft Vankor cluster oilfields. Prime Minister Narendra Modi and Russian President Vladimir Putin agreed the deal as part of a wider range of investment agreements signed at...
Sound Energy’s TE-10 gas discovery on Morocco’s Tendrara permit failed to find success while on test. While the well flowed gas to the surface, it did not achieve commercial flow rates following the stimulated well test. James Parsons, CEO, commented, “Whilst clearly disappointed with the outcome of the recent well...
Sempra Energy and Saudi Aramco announced their respective subsidiaries, Sempra LNG and Aramco Services Company, have signed a heads of agreement (HOA). The HOA anticipates the negotiation and finalization of a definitive 20-year liquefied natural gas (LNG) sale-and-purchase agreement (SPA) for five million tons per annum (Mtpa) of LNG offtake...
Oil and gas company Exxon Mobil could replace Russian gas thanks to an investment in the Romanian Black Sea. However, if this doesn’t happen by September, the Hungarian government is ready to begin negotiations with Russian suppliers for another long-term gas shipment agreement. “If Exxon Mobil doesn’t decide to invest...
Russia’s Nord Stream 2 gas pipeline project to Germany may launch in 2020, rather than the end of 2019, due to delays in obtaining permits from Denmark, Interfax news agency on Friday quoted Nord Stream 2 AG as saying. The Russian-led company has two pending route applications with Danish authorities,...
KBR wins Freeport LNG Development's bid round for the engineering, procurement, construction, and commissioning (EPC) contract for Train 4 at Freeport LNG’s export facility near Freeport, Texas. “We are excited to be selected for this significant project, and to continue to grow our leadership position in gas monetization,” said Stuart...
The project company ICGB successfully completed the public procurement for design, procurement and construction (EPC) of the Greece-Bulgaria gas interconnector tender. Initial interest in the restricted procedure was expressed by 11 Bulgarian and foreign companies and consortia. The participant that best covers ICGB’s technical and financial requirements is J&P...
China announced it would raise tariffs on US LNG imports (liquefied natural gas) amid a series of additional levies, a move that could further reduce US LNG shipments to the world’s fastest growing importer of the fuel. So far this year, only two LNG vessels have gone from the United...
Tellurian, an upstart U.S. integrated gas company financed in part by Total, envisions changes in the global gas business that will see LNG commodity traded. “Frankly, I’ve never been more bullish about the future of LNG,” Renee Pirrong, manager of research and analysis at Tellurian Inc., said during a...
Anadarko Petroleum, the U.S. independent energy group in the midst of a takeover battle, said on Wednesday it was ready to make a final investment decision on its $20 billion liquefied natural gas (LNG) project in Mozambique on June 18. Chief executive Al Walker met Mozambique President Filipe Nyusi on...