Arbitration awards Kosmos Energy Senegal LNG project to BP, as the sole purchaser
Kosmos Energy announced on Tuesday that a Paris arbitrator ruled in favor of BP, preventing Kosmos to sell liquefied gas from the Greater Tortue project off Senegal and Mauritania. LNG is a key part of BP's energy transition strategy.
Russia's Medvedev Says Oil Could Hit Up to $400 a Barrel if Japanese Proposal Adopted
Russia's former president Dmitry Medvedev said on Tuesday a reported proposal from Japan to cap the price of Russian oil at around half its current level would lead to significantly less oil on the market and could push…
Gas Output to Resume at Israel's Leviathan After Brief Halt
Production at Israel's offshore Leviathan natural gas field will resume in the coming hours after an emergency shutdown on Saturday, the project's operator Noble Energy said [on Saturday].The platform's flare system had been activated to burn off excess gas…
Japanese Backers for Novatek's LNG Complexes
Russia’s largest independent natural gas producer and LNG project operator Novatek has formed ties with Japan's shipper Mitsui O.S.K. Lines (MOL) and Japan Bank for International Cooperation (JBIC) to collaborate on liquefied…
Saibu Gas, Novatek JV to Market LNG
Japanese natural gas distribution company Saibu Gas and Russian LNG project operator Novatek revealed plans to form a joint venture.Novatek announced that it has signed the Heads of Agreement (HoA) with Saibu Gas in the…
Nord Stream 2 is 75% Complete
The Nord Stream 2, export gas pipeline running from Russia to Europe across the Baltic Sea, is 75% complete, the project's operator, Nord Stream 2 AG, said in a statement.A total of 1,855 kilometers of the Nord Stream…
Sole Offshore Construction Phase Completed
Installation and testing of the 67 km control umbilical connecting the Sole gas field with the Orbost Gas Plant has been completed, marking the conclusion of the offshore construction phase of the Sole Gas Project, operator…
Gorgon LNG Plant in Australia Shuts Train 3
Chevron Corp's Gorgon liquefied natural gas (LNG) project has temporarily halted train 3 to address a mechanical issue, a company spokesman told Reuters on Wednesday.The cause of the halt is being investigated, he said."There…
BP Green-lights Greater Tortue Ahmeyim Project
BP and its partners announced on Friday that the green light has been given for the first phase of the Greater Tortue Ahmeyim project off the coast of Mauritania and Senegal.The cross-border development, a first for the…
Environmentalists File Second Complaint to Block Nord Stream 2
Environmental campaign group ClientEarth has filed a complaint with a court in Sweden to block the construction through Swedish waters of the Nord Stream 2 gas pipeline intended to transport Russian gas to Germany, it…
Saipem Wins $700 Mln Worth of Offshore Contracts
Saipem has been awarded contracts for the second phase of the ExxonMobil led Liza development offshore Guyana.These contracts, assigned by Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of ExxonMobil…
Lukoil, Eni Discussing Possible Swap of Mexico Licences
Lukoil, Russia's second biggest oil producer, is considering swapping licences with Italy's Eni in Mexico, First Deputy Chief Executive Ravil Maganov said on Thursday.In March, Eni and Lukoil won offshore exploration and production licences in the Cuenca Salina basin in
Chevron Greenlights Gorgon LNG Expansion
Chevron Corp will proceed with the second stage of its giant Gorgon liquefied natural gas (LNG) export plant off the northwest coast of Western Australia, the company said on Saturday.Chevron and its joint venture partners…
Azerbaijan Ratifies Oil Deal with BP-led Consortium
Azerbaijan's parliament on Tuesday ratified a new oil field development contract between the Caucasus nation and a BP-led consortium. BP and Azerbaijan agreed in September to extend to 2050 the contract to develop the country's biggest oilfields…
Ivory Coast Establish Total-led LNG Consortium
Ivory Coast signed a partnership pact on Tuesday to create a consortium headed by France's Total to build a liquid natural gas (LNG) import terminal that could begin receiving gas shipments by mid-2018. Ivory Coast has…
Rosneft, PDVSA Firm up Offshore JV
Rosneft and PDVSA signed Heads of Agreement to establish a joint venture for implementation of the large-scale project for production, treatment and sale of natural gas at the offshore fields Patao, Mejillones and potentially Rio Caribe in Venezuela.
ExxonMobil starts Banyu Urip CPF
ExxonMobil announced today the successful and safe startup of the onshore central processing facility at the Banyu Urip field in Indonesia, helping increase production to more than 130,000 barrels of oil per day. With the central processing facility now online…
Cold Lake Expansion Starts Production on Schedule
Exxon Mobil Corporation announced today that bitumen production began on schedule at the $2 billion Cold Lake Nabiye project expansion in northeastern Alberta, Canada. The expansion is producing about 20,000 barrels per…
Argentina Agrees Draft Energy Law to Boost Foreign Investment
Argentina's federal government said on Wednesday it had reached a preliminary agreement with provinces to reform energy regulations and improve incentives to lure the foreign investors needed to develop its vast shale oil and gas reserves.
Yamal LNG Project on Track Despite Sanctions
Russia's Yamal LNG project, slated to produce 16.5 million tonnes of frozen gas from 2018, will be launched on time despite Western sanctions, the head of project's operator, Russia's Novatek, said on Thursday. Leonid…
