Leighton Offshore has been awarded a US$ 518 million contract which forms part of the Crude Oil Export Facility Reconstruction Project (the ‘Sea Line Project’), which is financed and supported through the Japanese Official Development Assistance (ODA) Loan by Japan International Cooperation Agency (JICA).
Canada’s National Energy Board (NEB) has approved an application by KM LNG Operating General Partnership (KM LNG) for a licence to export liquefied LNG from Kitimat, British Columbia to markets in the Asia Pacific region.
Latin America will account for half of the projected floating production Capex over the next five years according to a new Douglas-Westwood report.
The latest EIC Monitor tracking new active and future projects across the global energy industry shows growth in potential investment value across all sectors this quarter.
The organisation which represents America’s oil and gas companies has cautioned the president’s job council not to overlook potentially a million new oil and natural gas jobs, which could be created by energy development.
Sinopec has agreed to buy Daylight Energy, the intermediate oil an gas company, for C$ 2.1 billion, the deal will give Sinopec access to over 300,000 acres of land rich in oil and shale gas reserves.
Douglas Westwood has forecast strong growth in the drilling and production of unconventional gas through to 2020.
Enbridge Inc. and Enbridge Energy Partners, L.P. have announced two projects that will provide increased access to refineries in the U.S. upper midwest and in Ontario, Canada for light crude oil produced in western Canada and the USA.
Aker Solutions has been selected to supply a subsea umbilical to Det norske oljeselskap ASA's Jette field. The order is worth approximately NOK 60 million (US$ 10.3 million).
Chevron has given the green light to start work on the proposed Wheatstone LNG project in Western Australia, the approval has come after Chevron received federal approval to build the 25 million tpa LNG liquefaction plant last week.
TransAtlantic Petroleum Ltd. has entered into an agreement with LNG Energy Ltd. whereby LNG will invest US$ 7.5 million to immediately commence drilling the Peshtene R-11 well this week, which will be a 10,500 foot (approximately 3200 m) exploration well in the A-Lovech exploration license in Bulgaria.
Cuadrilla has announced that it has discovered shale gas reserves, estimated to be as large as 200 trillion ft3, in the Bowland Basin in Lancashire, UK. If the estimates prove correct, it will be the largest gas field ever discovered in the UK.
Trofagas Hidrocarburos, S.L., a wholly owned subsidiary of BNK Petroleum Inc., has been awarded an oil and gas concession totalling approximately 234,000 acres located mainly in the autonomous community of Castile and Leon, Spain.
The Caspian Sea is a region with enormous potential for oil and gas exploration and production, but there are significant obstacles to overcome first.
The American Petroleum Institute comment on oil and natural gas being the next job and revenue growth area