News

  • Gazprom and Lukoil Preparing to Set Up Joint Venture to Develop Vaneyvisskoye and Layavozhskoye Fields

    Alexey Miller, Chairman of the Gazprom Management Committee and Vagit Alekperov, President of Lukoil have discussed current issues related to bilateral cooperation, including the development project for the Vaneyvisskoye and Layavozhskoye fields in the Nenets Autonomous Area (northern Siberia).   Preparations are underway for the establishment of a joint venture.  …

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  • LNG Project Sanctions Set to Surge in 2019

    Uncontracted demand by the world’s seven largest liquefied natural gas (LNG) buyers could increase four-fold to 80 million tonnes per annum (mtpa) by 2030, according to Wood Mackenzie.   “As China pushes on towards a lower-emission economy, its demand for gas and LNG has grown…

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  • BP sanctions two gas projects offshore Trinidad

    BP Trinidad and Tobago (BPTT) has sanctioned the Cassia Compression and Matapal gas developments.   The Cassia Compression project will enable BPTT to access and produce low pressure gas reserves from currently-producing fields in the Greater Cassia Area, maximising recovery from these existing resources.  …

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  • Dana Gas Increases Production in Iraq

    Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company, has announced that as a result of the ramp up of production from its debottlenecking project in the Kurdistan region of Iraq, its group production reached 70,000 barrels of oil per day…

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  • Western Gas signs MoU for Equus gas project off Western Australia

    Privately held Western Gas Corporation Pty Ltd, Perth, has signed a memorandum of understanding with international service companies McDermott and Baker Hughes to be exclusive development partners for the Equus gas project offshore north-west Western Australia.   As part of the agreement, the two service…

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  • Premier Oil Eyes Bid for Chevron’s North Sea Assets

    Premier Oil Plc is considering a bid for a package of North Sea oil and gas assets put on the block by Chevron Corporation which is worth about US$2 billion, according to people familiar with the matter.   The first round bids are due before…

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  • Bottlenecks may constrain Russian gas sales to Europe

    Russia looks set to deliver 200 bcm of gas this year through pipelines to Europe, satisfying close to 40% of the region’s gas demand, according to Wood Mackenzie.   But Europe’s import requirements continue to grow – the analyst estimates a further 77 bcm/yr will…

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  • COSL buys 42-year-old drilling rig Stena Clyde for US$11 million

    Chinese offshore drilling company COSL has reportedly bought the 1976-built offshore drilling rig Stena Clyde for US$11 million.   The information has been sourced from Bassoe Offshore’s analytics tool, which shows the deal was signed earlier this month, and it also shows that the rig…

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