LNG

56 Countries Seek Carbon Capture Incentives

Fiscal incentives for carbon capture should be part of the global climate change agreement that replaces the Kyoto Protocol, 56 countries belonging to the U.N.

Oil Dips Below $80 Ahead of OPEC Edict

OPEC meets in Vienna on Thursday to discuss production; Iran, Venezuela, Libya, Ecuador want cartel to cut output. Brent crude oil prices steadied around $80

Getting Real on LNG Fuel

Plentiful supply, low prices and strict regulations on air pollution are fuelling a swift move towards using LNG as fuel for ship propulsion in the USA and Canada.

Interferry Welcomes IMO Decision on LNG Fuel Tank Placement

Interferry has welcomed a decision at last week’s IMO Maritime Safety Committee meeting (MSC94) setting out rules for the location of fuel tanks on LNG-powered ships,

Ukraine to Buy up to 1 bcm/month of Russian Gas

Ukraine will look at buying up to 1 billion cubic metres (bcm) of natural gas per month from Russia starting in January, Naftogaz Chief Executive Andriy Kobolyev said on Monday.

Ineos to Add Talent to Support North Sea Expansion

North Sea oil and gas would supply INEOS plants in Europe; advertised positions include CEO, geologist, engineer.   Swiss-based petrochemical and refining company

Ghana Okays Eni $6 bln Offshore Gas Project

Ghana's government has given Italian energy firm Eni the final green light to develop gas resources in the Offshore Cape Three Points (OCTP) block, expected to begin production in 2017,

Korea Gas to Sell Down Part of Stake in Canadian LNG Project

Korea Gas Corp, one of the world's top liquefied natural gas buyers, is looking to sell down some of its stake in the up to C$40 billion ($35.6 billion) LNG Canada project,

Global LNG-Prices Slide as Australia, Nigeria Offer Fresh Supply

Asian spot liquefied natural gas (LNG) prices extended losses this week as demand in December and January flat-lined, which is likely to have reduced interest for

HHI to Build FSRU for Höegh LNG

A new Floating Storage and Regasification Unit (FSRU) will be built by the Korean shipbuilding Company Hyundai Heavy Industries (HHI). This FSRU will be the fifth

Norway's Troll Field Gas Outage Ends Dec 11

Norwegian gas system operator Gassco said that an outage at Statoil's Troll field, which is reducing gas output by 11.7 million cubic metres per day, will end on Dec.

BG Group's Queensland Curtis LNG to Ship First Cargo

BG Group is set to ship the first cargo of liquefied natural gas from its flagship gas project Queensland Curtis LNG on Dec. 20, a source familiar with the matter told Reuters.

Russia, Saudis Insist on Market-driven Prices

Russian Foreign Minister Sergei Lavrov said on Friday that Russia and Saudi Arabia agree that oil pricing should be based on a balance between supply and demand.

Europe Stockpiling Low Cost, Surplus LNG

Demand from top Asian buyers drops sharply; Asian, European gas price spreads converge. Europe set to becoming dumping ground for LNG. Europe is set to become

Shipowner Exmar Shelves IPO ... for Now

EXMAR (Euronext: EXM) said that due to unfavorable current capital market conditions, it is delaying the launch of the contemplated initial public offering (IPO)

Energy Storage System Ordered for LNG Battery Hybrid Ferry

Norwegian hybrid to be the first LNG battery ferry to operate on commercial routes Corvus Energy, Siemens AS and Fjord1 have announced the award of the contract for the Fannefjord LNG hybrid ferry.

DNV GL, N-KOM to Partner on LNG Initiatives

A memorandum of understanding (MOU) was signed today between DNV GL and Qatar’s premier shipyard Nakilat-Keppel Offshore & Marine (N-KOM) to promote liquefied natural

Ineos to Invest Big in UK Shale Gas

Swiss chemicals group Ineos announced on Thursday plans to invest $1 billion in shale gas exploration in Britain as efforts to emulate the U.S. shale boom ramp up.

Russia No Help in Oil Price War

Russia needs oil price of $100 to balance budget. Oil prices at four-year low of $78 and Russia can't cut output, has no storage to limit exports. Russia can

Apache Corp to Shed Oil & Gas Assets

Apache Corp said it would sell oil and gas assets in southern Louisiana and the Anadarko Basin, spanning western Oklahoma and the Texas panhandle, for about $1.

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