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  1. PetroVietnam and ExxonMobil to develop Vietnamese gas project

    Vietnamese state-owned energy company PetroVietnam and US-based ExxonMobil have signed an agreement to develop Vietnam’s largest natural gas project for power generation. The agreement was signed on Friday during US Secretary of State John Kerry’s visit to Vietnam. The $10bn Ca Voi Xanh (Blue Whale) gas project, which is planned to begin producing gas for power production by 2023, will develop a gas field around 80 km off Vietnam's central coast. The gas field is estimated to hold around 150 billion cubic metres of reserves, or around three times that of the nation’s current largest gas project. PetroVietnam Exploration Production Corporation (PVEC) has said it could eventually fuel four gas-fired power plants with a total capacity of 3 GW. Under the agreement, ExxonMobil is to build an 88 km pipeline to connect the gas field to shore, while PetroVietnam will build a gas treatment plant and a power plant. In a statement, ExxonMobil called the project “an important natural gas discovery in Vietnam that has the potential to fuel the country's economic growth”. PetroVietnam has said the project will generate around $20bn for Vietnam’s coffers.   

    Online Articles

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    Mon, 16 Jan 2017

  2. Oil and Gas News: Petrofac awarded Oman gas project

    Petrofac's scope of work will include construction of the liquefied petroleum gas unit and associated facilities, including tie-ins to existing oil and gas pipeline infrastructure, together with LPG storage and jetty facilities at the Port of Salalah.

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    Tue, 10 Jan 2017

  3. ACE upgrades reel drive system for Prelude

    Oceaneering has commissioned ACE Winches to provide spooling equipment for Shell’s Prelude floating liquefied natural gas project offshore northwest Australia.

    Online Articles

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    Wed, 11 Jan 2017

  4. $8.5 billion natural gas project to create 250 jobs

    Officials say a liquefied natural gas project being planned for Plaquemines Parish is expected to create 250 new jobs.

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    Fri, 23 Dec 2016

  1. Total makes $207 million investment in Tellurian to develop integrated gas project

    Online Articles

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    Tue, 20 Dec 2016

  2. TransCanada to advance Saddle West gas project

    NOVA Gas Transmission Ltd. (NGTL), a wholly owned subsidiary of TransCanada Corp., will move forward with its $655-million (Can.) Saddle West project in the Western Canadian Sedimentary Basin.

    Online Articles

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    Thu, 8 Dec 2016

  3. APLNG buys Kinora project gas

    Brisbane-based Armour Energy Ltd. has executed a gas sales agreement with the Origin Energy Ltd.-led Australia Pacific LNG group for the supply of 1.8 petajoules of gas from Armour’s Kincora Roma Shelf gas project in the Surat basin of southeast Queensland to APLNG’s LNG plant on Curtis Island near ...

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    Thu, 22 Dec 2016

  4. Delek Group approves Leviathan development plan

    Partners in the Leviathan natural gas project offshore Israel plan to start gas production by yearend 2019. Stage 1A of the development plan has a proposed budget of $3.5-4 billion with estimated capacity of 12 billion cu m of gas/day, according to reports from Delek Group subsidiaries Delek ...

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    Mon, 12 Dec 2016

  5. Shell starts oil production from Malikai deepwater platform in Malaysia

    Shell has started oil production from the Malikai Tension-Leg Platform (TLP), located 100-kilometres off the coast of the Malaysian state of Sabah.

    Online Articles

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    Thu, 15 Dec 2016

  6. Oil and Gas: Trump's pick for top US diplomat has close ties to Russia

    ExxonMobil CEO Rex Tillerson, President-elect Donald Trump's choice to lead the State Department, has close ties to Russia through years of deal-making that will serve as valuable experience — but also raise concerns.

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    Wed, 14 Dec 2016

  7. Origin Energy plans oil and gas business spin-off

    Sydney-based Origin Energy Ltd. has announced plans to sell it’s $1.8-billion conventional upstream oil and gas assets so that it can focus on the wholesale and retail energy markets as well as its LNG business in Queensland.

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    Tue, 6 Dec 2016

  8. Mitsui buys 20% stake in Shell’s offshore oil fields in Gulf

    Japan’s Mitsui & Co has agreed to buy a 20% stake in four blocks in the US Gulf of Mexico from Royal Dutch Shell Plc for an undisclosed amount, according to a Reuters report.

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    Online Articles

    Mon, 5 Dec 2016

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