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OGJ Newsletter

Oct 17, 2011

International news for oil and gas professionals

Kitimat project gets LNG export license

Oct 14, 2011

Canada’s National Energy Board has issued a 20-year license to KM LNG Operating General Partnership to export LNG from Kitimat, BC, to Asia-Pacific markets.

Norwegian LNG plant to shut down for repairs

Oct 13, 2011

Operations at Europe’s only LNG exporting plant, Statoil’s Hammerfest on Melkoya island, will cease Oct. 14 to address a contraction in a heat-exchanger tube. The company announcement said the plant would remain shutdown for 2-3 weeks.

Teekay LNG, Marubeni to buy Maersk LNG

Oct 12, 2011

Teekay LNG Operating LLC and Marubeni Corp. plan to acquire Maersk LNG for $1.4 billion, the parent conglomerate A.P. Moller-Maersk Group announced Oct. 12 in a news release from Copenhagen.

Dominion seeks permission to export LNG from Cove Point

Oct 11, 2011

Dominion Resources Inc., Richmond, Va., has asked the US Department of Energy for permission to use its Cove Point, Md., LNG import terminal as an export facility as well.

Chevron lets construction contract for Wheatstone LNG

Oct 10, 2011

Chevron Australia has awarded a $235 million (Aus.) construction management contract for the Wheatstone LNG project to WorleyParsons.

Fading African LNG exports could be redirected to electricity

Oct 7, 2011

African natural gas that is now being liquefied for export could be redirected to domestic electric power generation as customers in Europe, Asia, and the US exploit shale gas resources in their own countries, experts suggested during a discussion of African energy needs.

Total, Novatek sign Yamal LNG agreement

Oct 6, 2011

Total SA and Russian independent producer Novatek signed final agreements to develop Yamal LNG (OGJ Online, Mar. 21, 2011).

Anadarko group sees at least 10 tcf off Mozambique

Oct 5, 2011

Anadarko Petroleum Corp. said its latest exploratory well off Mozambique found 140 net ft of gas pay in Miocene and Oligocene sand packages shallower than those in earlier wells and boosted its view of the resource potential of Offshore Area 1 to at least 10 tcf of gas.

Brazil, Canada, Iraq, Australia to have largest production increases

Oct 3, 2011

The projects in three countries with the highest increase in oil production are Brazil, Canada, and Iraq, while Australia has the projects with the highest increase in gas production, according to OGJ's review of major projects listed in the accompanying table.

North American LNG exports complicated by alternative markets, investment costs

Oct 3, 2011

At current natural gas prices, North American LNG exports appear extremely attractive.

Russia's Novatek increases stake in Yamal LNG

Sep 30, 2011

Russia’s OAO Novatek said it increased its equity interest in the Yamal LNG project to 100% from 51% by exercising call options through wholly owned subsidiary Novatek North West.

BG Group signs long-term LNG supply agreement in India

Sep 30, 2011

BG Group signed a heads of agreement agreeing to provide LNG in India on a long-term basis to Gujarat State Petroleum Corp. (GSPC). Terms of the HOA call for as much as 2.5 million tonnes/year for a 20-year period starting as early as 2014. The LNG volumes will be sourced from BG Group’s global assets.

Wheatstone gets federal government environmental nod

Sep 23, 2011

The Wheatstone LNG gas project planned for Western Australia was granted environmental approval by Australian Environment Minister Tony Burke, although it comes with 70 conditions attached.

Gate LNG terminal formally opens

Sep 23, 2011

Northwest Europe saw the opening of another LNG terminal this week when partners NV Nederlandse Gasunie and Royal Vopak formally opened the Gate LNG terminal in Maasvlakte near Rotterdam.

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