ONGC Videsh Ltd. (OVL) and Oil India Ltd. (OIL) have agreed to purchase Videocon Mauritius Energy Ltd.’s 10% share in the Rovuma Area 1 Offshore Block in Mozambique (Area 1) for US $2.47 million. The acquisition will give OVL 60% stake and OIL 40% stake in Area 1…
Russian state-owned company Gazprom along with a consortium of Japanese firms have signed a memorandum of understanding (MOU) concerning the development of Gazprom's Vladivostok LNG project. Present for the signing on June 22 were Gazprom Chairman Alexey Miller and Masanori Toyoshima…
The Inpex-operated Ichthys LNG Project cut first steel on June 18 for the hull of its floating production, storage and offloading (FPSO) facility in Okpo, Korea. With fabrication of the hull underway, work on all of the project’s major offshore facilities has commenced…
Chevron Corporation’s subsidiary Cabinda Gulf Oil Co. Ltd. today confirmed that initial production of liquefied natural gas (LNG) has commenced at the Angola LNG project. Angola LNG is one of the largest energy projects on the African continent…
Sakhalin-II is an intergrated, export-oriented oil and gas development, and Russia’s first offshore gas project. It handles production from Piltun-Astokhskoye oil field and the Lunskoye natural gas field in the Okhotsk Sea, and is managed and operated by Sakhalin Energy Investment Co…
Russia’s campaign to sell its energy wares throughout the Asia Pacific region continued at several US energy conferences this spring: IHS CERAWeek (March) and LNG 17 (April). Russia reiterated that it can curb production declines and ramp…
Off the coast of Summerland, California, they didn’t drill the first-ever offshore oil well. They hammered it. “Engineers” used a pile driver to pound a pipe 455ft into the seabed in about 30ft of water. Yield was moderate; the site shut down after several years…
As FLNG starts to take off on a large scale, a consortium of companies is looking to make it a more cost effective and compact proposition. A consortium of companies has designed a new floating LNG (FLNG) system specifically aimed at small to mid-size gas fields…
In an important step, Shell has laid the keel for Prelude FLNG, the world’s first floating liquefied natural gas (FLNG) project. When complete, Prelude is expected to be the largest offshore floating facility ever built. The hull will now be assembled in the dry dock…
Höegh LNG has received commitment letters from five international banks for a $299 million limited recourse facility for the financing of the LNG floating storage and regasification unit (FSRU) and mooring system to be located offshore Labuhan Maringgai…
Wood Group Kenny (WGK) is to work on a subsea concept definition project for GDF Suez' Australian Bonaparte LNG project. The Bonaparte LNG project is made up of the Petrel, Frigate and Tern fields, located in the Timor Sea. They were previously stranded gas fields…
Exploration is expanding from West Africa’s Sierra Leone to Namibia, explains Bruce Nichols, led by sustained high oil prices, improving technology, relative political stability and a more supportive operating environment. Cobalt’s potentially…
Woodside will not pursue its proposed Browse LNG development near James Price Point in northwestern Australia, the company announced on 12 April 2013.Following the completion of a technical and commercial evaluation, Woodside determined that…
A. The US Department of Energy granted Pangea LNG (North America) Holdings, long-term, multi-contract authorization to export up to 8 million tonnes per annum (mtpa) of LNG to free trade agreement nations from its south Texas LNG Project…
COLLOQUY: Editor's Column The IHS CERAWeek conference took Houston by storm in March, with a solid program of topical breakfast discussions, illustrious keynote speakers, plenary sessions, and dialogues. The energy topics ran the gamut…