LNG

Woodside Energy, the Western Australian LNG plant operator with global oil and gas interests, expects to recognise non-cash, post-tax asset impairments amounting to around US$1.50 billion with US$1.20Bln related to the Shenzi asset, the deepwater oil and gas fields in the Gulf of Mexico, and the remainder for Wheatstone LNG.

Global demand for liquefied natural gas is estimated to increase by more than 50 percent in the next 15 years as industrial coal-to-gas switching gathers pace in China and the nations of South Asia and Southeast Asia to underpin energy security for economic growth.

The American Bureau of Shipping, the US maritime classification society, has inaugurated an ABS Global LNG Academy in the Qatari capital Doha and dedicated to training and educating mariners in modern LNG vessel operations.

Free ReadUK major BP and state-owned Abu Dhabi National Oil Company (ADNOC) in the United Arab Emirates plan to form a joint venture in Egypt that will initially focus on natural gas and will incorporate Egyptian concession stakes held by BP. The joint venture is expected to be formed in the…