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  1. InterOil shareholders agree to ExxonMobil offer

    Shareholders of Singapore-based InterOil Corp. have overwhelmingly voted to approve ExxonMobil Corp. ’s $2.5-billion bid for the company at a special meeting on Sept. 19. More than 80% of shareholders voted in favor of the deal. InterOil Chairman Chris Finlayson thanked shareholders for their support for what he called a value-creating transaction. Finlayson said the deal will deliver shareholders a material and immediate premium, a potential direct cash payment based on the Elk-Antelope gas-condensate field resource certification in Papua New Guinea, and exposure to future value through ownership of ExxonMobil shares. The transaction is now expected to be completed by the end of this month. InterOil intends to seek a final order with respect to the plan of arrangement at a hearing in the Supreme Court of Yukon scheduled for Sept. 27. InterOil’s major asset is Elk-Antelope field in the eastern highlands of Papua New Guinea along with surrounding exploration permits covering about 16,000 sq km. The gas resources are the potential feedstock for the proposed Papua LNG project , which is operated by Total SA. ExxonMobil now joins Total and its fellow joint venturer Oil Search Ltd. in appraising and planning the development that calls for a pipeline from the fields to an LNG plant at Caution Bay about 20 km from Port Moresby. The plant is notionally next door to the existing ExxonMobil-operated Papua-LNG plant and there will be synergies with the two projects. ExxonMobil and Oil Search are participants in both projects.

    Online Articles

    Online Articles

    Thu, 22 Sep 2016

  2. APLNG group signs agreement to support Aussie domestic gas

    The Queensland Australia Pacific LNG (APLNG) consortium has signed a 20-year natural gas transportation agreement with Melbourne-based APA Group that will result in a domestic gas pipeline from APLNG’s network directly to the Wallumbilla gas-supply hub east of Roma in southeast Queensland.

    Online Articles

    Online Articles

    Tue, 6 Sep 2016

  3. Santos’ earnings take hit on Gladstone LNG project

    Santos Ltd., Adelaide, has taken a $1.5-billion write-down on the value of its Gladstone LNG (GLNG) project that sources gas from coal seam gas fields in the Surat-Bowen basins to supply an LNG plant on Curtis Island near Gladstone.

    Online Articles

    Online Articles

    Mon, 15 Aug 2016

  4. Hitachi, Toyo, Eastern Star Gas to conduct Australia LNG plant feasibility study

    Hitachi and Toyo Engineering have signed an agreement with Eastern Star Gas to conduct a feasibility study for an electric-motor-driven Mid-Scale LNG plant in Newcastle in the state of New South Wales, Australia.

    Online Articles

    Online Articles

    Thu, 3 Jun 2010

  1. China Natural Gas completes test run of Jingbian LNG plant

    Online Articles

    Online Articles

    Thu, 1 Jul 2010

  2. Applied LNG begins construction on LNG plant in Midlothian, Texas

    Applied LNG has begun construction on the first liquefaction train of its LNG plant in Midlothian, Texas. Applied LNG recently closed a $22.5 million senior secured loan to complete the funding of this project.

    Online Articles

    Online Articles

    Mon, 9 Feb 2015

  3. Gazprom approves Vladivostok LNG plant construction

    The approval was given to the Action Plan for the LNG plant construction project and the Work Plan for establishing the project's resource base.

    Online Articles

    Online Articles

    Tue, 19 Mar 2013

  4. Oil and Gas News: EVOL LNG to bunker LNG at Fremantle Port in Australian first

    In an Australian first, EVOL LNG has been approved by Fremantle Ports to bunker liquefied natural gas (LNG), providing access to the cleaner shipping fuel alternative for LNG-powered marine vessels visiting Fremantle Port.

    Online Articles

    Online Articles

    Fri, 29 Jul 2016

  5. Australia extends Tassie Shoals approvals period

    MEO Australia has received updated environmental approvals for its proposed Tassie Shoal Projects offshore northern Australia.

    Online Articles

    Online Articles

    Thu, 4 Aug 2016

  6. Statoil to drill injection well in Snohvit field in Barents Sea

    Statoil ASA has started drilling a carbon dioxide injection well in Snohvit field in the Barents Sea, and will follow with a natural gas production well.

    Online Articles

    Online Articles

    Tue, 9 Aug 2016

  7. BG farming into Aphrodite block off Cyprus

    Principals of the farmout of a large interest in Block 12 offshore Cyprus expect the deal to advance development of Aphrodite natural gas field.

    Online Articles

    Online Articles

    Mon, 23 Nov 2015

  8. Refining and processing: Angola LNG plant closure stokes fear of oil output decline

    Following the closure of a critical liquefied natural gas plant in Angola, crude oil shipments from the nation may be reduced by 50,000 barrels per day, or about 3 percent of its daily output. 

    Online Articles

    Online Articles

    Thu, 16 Oct 2014

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