LNG

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.

Troll Field Outage Output Shortfalls Pared

An outage at Norway's Troll field will cut gas output by 11.7 million cubic metres (mcm) per day on Thursday and Friday, less than the previously expected 16 mcm/day,

OAO Sovcomflot’s 9M/Q3 2014 Results

  OAO Sovcomflot (SCF Group) today reported results for the nine months and third quarter (Q3) ended 30 September 2014.   Nine months 2014 – Financial Highlights (IFRS

Chubu: No Need to Buy LNG on Spot Market this Winter

Japanese utility Chubu Electric Power Co has enough liquefied natural gas (LNG) supply to postpone tapping the spot market for the entire winter, its head of trading said on Wednesday.

Deltamarin Contributes to Arctic Carrier Design

Deltamarin Ltd. has provided Aker Arctic Technology Inc. with design services for two polar class heavy deck carrier ships intended for carrying heavy project cargos

Eni Expands in Gas-rich Turkmenistan

Eni's Caspian blocks are rich in oil, gas; Eni is a key player in neighbor Kazakhstan's oil sector. Italian oil and gas major Eni has agreed a series of deals

Oil Steady Above $79 on OPEC Hopes

Venezuela, Russia discuss actions to defend oil prices. Brent crude oil steadied on Tuesday, holding above $79 a barrel after hitting a four-year low last week,

EU: Russian Export Duties Break WTO Rules

The European Union has told Russia that its system of oil export duties breaks World Trade Organization rules by discriminating in favour of China and against European buyers,

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