Cheniere Energy Partners, L.P. is selling off 3,000,000 common units to investors at a share price of US$ 15.25. The company is hoping to raise US$ 60 million to put towards general business purposes and development costs of its expansion project to add liquifaction capacity at the Sabine Pass LNG terminal.
Clough Downer Joint Venture (CDJV) has been awarded a contract worth AU$ 600 million by Fluor for construction of pipelines, compression facilities and associated infrastructure relating to the Fairview component of the Santos GLNG project, located in the Surat Basin.
Enbridge Inc. announced today that it will twin the southern section of its Athabasca Pipeline from Kirby Lake, Alberta to the Hardisty, Alberta crude oil hub at an estimated cost of approximately US$ 1.2 billion.
Russia is preparing to cut-off Ukraine’s gas supply if it refuses to honour the terms agreed in 2009, Ukraine has already signalled that it believes the terms are bad for national interests.
Hess Corp. has acquired Marquette Exploration LLC and other leases in Ohio's Utica Shale, boosting its acreage position by 85,000 net acres at a cost of approximately US$ 750 million.
The American Petroleum Institute has told Obama that American energy development is ‘critical’ solution to jobs problem.
Encana Oil & Gas has agreed to sell a portion of its Piceance natural gas midstream assets in Colorado to a private midstream company for approximately US$ 590 million.
The Government of Queensland has granted Liquefied Natural Gas Limited pipeline license (PPL) 161. This will allow the company to connect its planned LNG terminal to the feed gas terminal inland.
GE has acquired for Converteam, the two companies compliment each other should enhance GE’s existing capabilities as well as helping them break into fast growing regions such as Brazil and Russia where Converteam have already made significant in-roads.
Lucy Miller, Douglas Westwood Ltd, UK, describes the changing focus of the LNG market towards the Asia Pacific region.
Royal Dutch Shell is looking to sign a huge deal with Ukraine’s Naftogaz worth US$ 800 million to exploit Ukraine’s shale resources.
Nancy Yamaguchi, Contributing Editor, provides an overview of Japan's energy industry in the wake of the recent earthquake.
Total, operator of Block 17, today announced that the giant Pazflor field offshore Angola has come on stream ahead of the initial schedule. The Pazflor field lies 150 km off Luanda in water depths ranging from 600 - 1200 m and has estimated proved and probable reserves of 590 million barrels. The field will gradually ramp up to its full production capacity of 220,000 bpd over the coming months.
According to a new assessment of the Marcellus Shale by the U. S. Geological Survey (USGS), the Marcellus Shale contains about 84 trillion cubic feet of undiscovered, technically recoverable natural gas and 3.4 billion barrels of undiscovered, technically recoverable natural gas liquids.
Encana Oil & Gas (USA) Inc., a subsidiary of Encana Corporation, has initiated a process to divest of its North Texas natural gas producing assets in the Fort Worth Basin located in the Barnett Shale play.