Pavilion Acquires LNG assets of Iberdrola
Singapore-based LNG company Pavilion Energy said its wholly owned subsidiary Pavilion Energy Trading & Supply has agreed to buy Spanish energy company Iberdrola's portfolio of liquefied natural gas (LNG) assets.The portfolio comprises about 4 million tonnes per annum (mtpa) of Iberdrola's long-term LNG sale and supply contracts.It also includes long-term regasification of approximately 2 mtpa at the Grain LNG terminal (UK)…
Indonesia Okays Empyrean Plan for Mako Gas
Indonesia has approved the development plan for the Mako gas field, Empyrean Energy PLC and Coro Energy PLC said.Indonesia’s Ministry of Energy and Mineral Resources (MEMR) has approved the plan of development (POD) for the Mako gas field at the Duyung production sharing contract (PSC), offshore Indonesia, said a joint statement.Mako is located on the Duyung production sharing contract…
Energean Signs New Gas Sales Deal for Karish and Tanin FPSO
UK-based oil and gas exploration and production company Energean Oil & Gas has signed a Gas Sales and Purchase Agreement (GSPA) with I.P.M. Beer Tuvia Ltd. (IPM) to supply an estimated 5.5 BCM of gas from its Karish and Tanin FPSO over a period of 19 years.According to a release, the contract is subject to necessary approvals and is contingent on results of the 2019 drilling programme…
Engie to Buy Gas from Romania's Black Sea Oil & Gas
Romanian based independent oil and gas company Black Sea Oil & Gas together with its co-venture partners, Petro Ventures Resources and Gas Plus International, announced the signing of the Gas Sales Agreement with ENGIE through its subsidiary Engie Energy Management Romania for natural gas supply from the Midia Gas Development (MGD)Project .Under this agreement, which is subject to Final Investment Decision…
Dana Gas Q1 Net Profit Jumps 27%
United Arab Emirates-based energy firm Dana Gas on Monday reported a 27 percent rise in first quarter net profit, thanks to higher prices and a reversal of accruals.Dana made a net profit of $14 million in the three months to March 31, up from $11 million a year earlier, it said in a statement.Dana said the rise was due to higher prices and the reversal of accruals made by Pearl Petroleum for certain charges in previous years which are no longer required follow
Crescent Petroleum, Dana Gas to Increase Production from Khor Mor Field
Pearl Petroleum, a company consortium led by Crescent Petroleum and Dana Gas of the UAE, has signed a 10 year Gas Sales Agreement (GSA) with the Kurdistan Regional Government (KRG) to supply and sell the additional quantities of gas that it plans to begin producing later this year in order to boost much needed local domestic electricity generation. The GSA was signed on 30th January 2018 by the KRG Minister of Natural Resources Dr.
ADNOC Inks 15-year Gas Sales Agreement with Dubai
Abu Dhabi National Oil Co (ADNOC) signed a 15-year gas sales agreement on Tuesday with the Dubai Supply Authority to supply the city's natural gas needs, a statement from the company said. The deal replaces a similar agreement signed in 1998, from which ADNOC built the Taweelah–Jebel Ali pipeline and the first gas deliveries from Abu Dhabi to Dubai followed in 2001. The…
Genel Energy Finalises Miran, Bina Bawi Field Documentation
Genel Energy plc has finalised documentation of previously agreed terms of Amended and Restated Production Sharing Contracts ('PSC's) and Gas Lifting Agreements ('GLA's) for both the Miran and Bina Bawi gas fields. The Amended and Restated PSCs and GLAs for Miran and Bina Bawi incorporate the commercial terms as announced in the term sheets signed in 2015 by Genel and the Kurdistan Regional Government ('KRG') and reiterated in the Appendix below.
First Gas for Sound Energy's Nervesa
Sound Energy, the Mediterranean focused upstream gas company has achieved first commercial production at the operated onshore Nervesa gas discovery on 3 February 2016. The Nervesa discovery was drilled successfully by the Company in 2013 and benefits from a gas sales agreement with the Shell Group. A further announcement confirming production rates will be made in due course…
Magnolia LNG Extends Deal with Meridian
Liquefied Natural Gas Ltd's 100% owned project company, Magnolia LNG, LLC (Magnolia) and Meridian LNG Holdings Corp (Meridian LNG) have agreed to extend the financial close date condition precedent for Magnolia LNG from 30 June 2016 to 31 December 2016. On 23 July 2015, the company announced the signing of a legally binding agreement with Meridian LNG for firm capacity rights for up to 2 million tonnes per annum (mtpa) at Magnolia LNG…
Update on Sound Energy's Nervesa
Sound Energy, the European/Mediterranean focused upstream gas company has informed that the following award of the Production Concession from the Italian Ministry of Economic Development (announced on 14 July 2015), that works to connect the onshore Nervesa well to the national gas export pipeline have now commenced (the remaining works are expected to take approximately 40 days to conclude).
Ophir Energy Expects Fortuna LNG Project Decision in 2016
Oil and gas explorer Ophir Energy expects to finalize sales agreements and make a final investment decision on its Fortuna floating liquefied natural gas (FLNG) project by mid-2016. Ophir's chief operating officer Bill Higgs said the firm is in talks with six or seven buyers representing a mixture of end users, oil majors and traders, and expects heads of agreements will be signed by the end of the month.
Sound Oil Inks Sales Deal with Shell
Sound Oil, the Mediterranean focused upstream gas company signed a gas sales agreement for the Casa Tonetto production concession,() that includes the Nervesa gas field) with Shell Energy Italia, the local arm of Shell Energy Europe, which is Shell's gas, power and emissions trading entity in Europe. The Agreement follows the recent Casa Tonetto production concession award…
Magnolia Inks deal with Meridian
Liquefied Natural Gas Ltd informed that its 100% owned project company, Magnolia LNG, LLC signed a legally binding agreement with Meridian LNG Holdings Corp for firm capacity rights for up to 2 million tonnes per annum (mtpa) at Magnolia LNG, located on the Calcasieu shipping channel in the Lake Charles District, State of Louisiana, USA. Under the liquefaction tolling agreement (LTA)…
Sound Oil Gets Nervesa Concession
Sound Oil, the Mediterranean focused upstream gas company has been awarded the Casa Tonetto production concession (which includes the Nervesa discovery) from the Italian Ministry of Economic Development (the "Production Concession"). The award of the Production Concession is the final step in the permitting process to enable commercial production from the onshore well successfully drilled at the Nervesa gas discovery by Sound Oil in 2013.
Beach Begins Gas Supply to Origin Energy
Long term gas sales agreement with Origin Energy Retail Limited (“Origin”) has been initiated for delivery of up to 139 PJ of sales gas over an initial eight year term Beach Energy Limited is transitioning to separate lifting and marketing of its equity share of sales gas from the SACB and SWQ JVs. Through its wholly owned subsidiary, Delhi Petroleum Pty Ltd, Beach entered…
Magnolia Tolling Agreement Update with Meridian LNG
The Directors of Liquefied Natural Gas Limited infomed that its 100% owned project company, Magnolia LNG, LLC (Magnolia), has been notified by Meridian LNG Holdings Corp. that Meridian LNG intends to progress the 20‐year liquefaction tolling agreement (LTA) with Magnolia, now that Meridian LNG has executed a 20‐year gas sales agreement (GSA) with E.On Global Commodities SE (a wholly owned company of E.On (www.eon.com).
LNGL Extends Gladstone Lease
* LNGL has signed a non-binding memorandum of intent (MOI) for gas supply with Tri-Star Petroleum Company (Tri-Star). Liquefied Natural Gas Limited yesterday announced that its 100% owned subsidiary, Gladstone LNG Pty Ltd has agreed to a Variation to the Agreement for Lease with the Gladstone Ports Corporation until 31 March 2016 in two phases. The first phase is an extension of the term from 1 November 2014 to 31 March 2015…
Sound Oil Delivers 1st Gas from Casa Tiberi Field
Sound Oil, the Mediterranean focused upstream oil and gas company, is pleased to announce that first gas was delivered from the onshore Casa Tiberi field, located in the Marche Region of Italy, to the local gas distributor on 28 July 2014. The initial production rate was 9,600 Scmd (0.34 MMscfd) from the Lower Pliocene Cellino formation. Under the gas sales agreement with Prometeo Srl…
Sound Oil Gas Sales Contracts
Sound Oil, the European / Mediterranean focused upstream oil and gas company, has signed up for two gas sales contracts and developments in relation to the Badile drill site land acquisition first announced by the Company on 7 August 2014. These operational contracts span three of the Company's assets. The Company has entered into a 12 month gas sales agreement for the Rapagnano gas field with Steca Energia Srl (the "Rapagnano Gas Sales Agreement").
