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Woodside to Develop Pluto LNG Project
Woodside Petroleum Ltd agreed on key commercial terms with North Asian customers for the supply of liquefied natural gas from its 100 percent-owned Pluto gas field in Western Australia, AFX reports.
Frontline bids for General Maritime
Bloomberg has reported that shares of General Maritime Corp., the second-largest US oil-tanker owner, may not rise much further after Bermuda-based Frontline Ltd.
Wärtsilä Land & Sea Academy, Subic Bay, Philippines Grand Opening
Wärtsilä Land & Sea Academy has taken a major leap in the development of its training services by opening the doors of a new training centre in Subic Bay in the Philippines on the 30 November 2005.
USCG Completes Security Review LNG Proposal
The U.S. Coast Guard issued a Press Release stating that it completed a preliminary review of a waterway security assessment regarding the proposed Crown Landing LNG facility on the Delaware River.
Fewer Objections for Long Beach LNG Project
Despite opposition from state officials, the prospects have improved for a proposed $700-million liquefied natural gas terminal that would be built at the Port of Long Beach in California…
Russian LNG Tanker Headed for U.S.
A second tanker with LNG chartered by Russian energy giant Gazprom will arrive at the port of Cove Point in the U.S. December 7, RNI reports. Gazprom plans to increase…
Invensys Introduces New CTS System for LNG Carriers
Invensys Process Systems announced that its next-generation Foxboro custody transfer system (CTS) for LNG carriers has been certified by NKKK (Nippon Kaiji Kentei Kyokai) of Japan.
LNG Carrier Named
The LNG carrier Arctic Princess was named in Nagasaki, Japan, today. The ceremony was sponsored by Mrs. Irene Rummelhoff of Statoil representing the charterer, Snøhvit Sellers.
Iran Firm to Spend $2B on Tankers
National Iranian Tanker Company (NITC), Iran's supertanker operator, plans to invest over $2 billion over the next four years. The plans include building of 10 LNG…
Qatar Rents 12 LNG Tankers
Qatari Ras Laffan Liquefied Natural Gas Company (RasGas-3) on Monday signed a 20-year contract with two tankers companies to rent 12 natural gas tankers starting on 2008.
Japan Orders $1.8B in LNG Tankers
According to a Bloomberg report, Nippon Yusen K.K. and Mitsui O.S.K. Lines Ltd., Japan's two largest shipping lines, will join Qatar in ordering $1.8 billion of…
EXMAR, Excelerate Confirm Charter
EXMAR confirms a long-term charter party with Excelerate Energy LP of a further liquefied natural gas regasification vessel (LNGRV). The vessel will be built by…
Shipbuilders Focus on High-Value Vessels
South Korean shipbuilders are profiting more than ever from selling high-value units such as offshore plants and liquid gas carriers, according to a Korea Times report.
ONGC Looks to Buy Out Shell Hazira
Oil and Natural Gas Corporation (ONGC) will soon make an offer for a complete buyout of the Hazira LNG terminal of Royal Dutchhell, according to a Business Standard report.
Freeport LNG Wants to Build Atop Levee
A proposal from Freeport LNG to put a control room on top of a wave barrier levee at Clute, Tex.-based Quintana drew concern from Velasco Drainage District supervisors…
Qatar Commits to $13 billion LNG Project
Persian Gulf emirate Qatar will invest about $13 billion to boost liquid natural gas production by 40 percent, according to a Monsters and Critics report. Qatar Petroleum and ExxonMobil Corp.
Shell to Decide on Iran's Persian LNG Project in 2007
Royal Dutch Shell PLC is to decide in 2007 whether to invest in Iran's Persian LNG project, its chief executive said on May 4. Speaking at a press conference, Jeroen…
STX Engine Builds New Dual-Fuel Series
The MAN B&W Diesel Group has extended their existing, over 20-year license agreement with Korean licensee STX Engine. Within Korea, STX is now also licensed to build…
Russia Relying on Offshore for Future Production
Sakhalin Island currently is the oil and gas growth engine for Russia, which will rely on offshore regions for new production after 2010, the Oil & Gas Journal reported.
BG 1Q Profit Doubles on LNG, Higher Prices
BG Group Plc. said profit more than doubled in the first quarter, exceeding expectations, as prices rose and it increased sales of liquefied natural gas to Europe and Asia.