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Thursday, 04 February 2016
Royal Dutch Shell has postponed the final investment decision on the LNG Canada project in British Columbia because of the revised economics of the venture after the slump in energy prices.
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Thursday, 04 February 2016
Norwegian energy company Statoil, operator of Europe's largest LNG production plant at Hammerfest, said most of its future energy projects already have a break-even oil price below $50 per barrel as it posted full-year losses of 37.3Bln Norwegian crowns ($4.4Bln).
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Thursday, 04 February 2016
Lower oil prices and their impact on the global liquefied natural gas industry and on investment and schedules for future projects will be discussed at the main global gathering in 2016 of industry executives, scheduled for Perth in Western Australia.
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Thursday, 04 February 2016
Western Europe's leading classification society DNV GL and the Russian Maritime Register of Shipping signed a cooperation agreement in St. Petersburg covering the Polar Code, including the transport of liquefied natural gas and other fuels and the development of gas-fuelled ships.
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Wednesday, 03 February 2016
Gas Authority of India (GAIL), the transmission company and LNG importer, has won a supreme court ruling in New Delhi to resume pipeline construction to revive the Kochi LNG terminal in the state of Kerala that has been hindered by a lack of inter-connections.
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Wednesday, 03 February 2016
Italian engineering and construction company Saipem said it expected to appeal a guilty verdict and a fine imposed by a court in Algeria for alleged irregularities in its winning of a $1.5 billion pipeline contract to bring feed-gas to the Skikda LNG plant on the Mediterranean coast.
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Wednesday, 03 February 2016
Mitsubishi Corp. of Japan has completed the transaction to take over the whole of US natural gas and oil marketing company Cima Energy to strengthen its position in liquefied natural gas projects in North America at a time when other companies are cutting back.
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Tuesday, 02 February 2016
Total has signed long-term liquefied natural gas sale and purchase agreements with state-owned Indonesian company Pertamina, itself an LNG producer, whereby the French company will also take some of its volumes booked from a Texas liquefaction plant.
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Tuesday, 02 February 2016
The American Bureau of Shipping, the US classification society, has signed a cooperation agreement in China on the Northern Sea Route that runs through the Arctic Ocean from northern Europe and Russia through to the Far East and will have LNG traffic during the summer months from 2018.
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Tuesday, 02 February 2016
Oregon LNG, one of only two export projects in the US Northwest, has been informed by regulators of a five-month delay in releasing the final environmental impact statement.
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