IEA releases oil market report for JuneJun 15, 2015Global oil supplies fell by 155 000 barrels per day (155 kb/d) in May to 96 million barrels per day (mb/d) on lower non-OPEC output, but remained at a steep 3 mb/d above the level of May 2014, the IEA Oil Market Report (OMR) for June informed subscribers. Annual growth slowed marginally from March and April and remained roughly split between non-OPEC and OPEC countries. The June issue raised the forecast of non-OPEC supply growth for 2015 by 195 kb/d to 1 mb/d.
CNOOC's Dongfang1-1 gas field phase I adjustment project begins productionJun 12, 2015CNOOC Limited says that the Dongfang1-1 gas field Phase I adjustment project has commenced production ahead of schedule. The Dongfang1-1 gas field is located in Yinggehai Basin
Cheniere Energy announces new LNG project developmentsJun 12, 2015Cheniere Energy, Inc. announced two significant liquefied natural gas project developments that, if completed, are projected to add up to approximately
Åsgard subsea gas compression lowered into placeJun 10, 2015The installation of the modules that collectively constitute Åsgard subsea gas compression has commenced on the Åsgard field. Innovative
Wison wins yellow phosphorus tail gas-to-ethylene glycol EPC contractJun 10, 2015Wison Engineering Services Co. Ltd. has signed a strategic cooperative agreement with Guizhou Xinxin Chemical Engineering Co., Ltd. (Xinxin Group)
Third gas discovery in the Aasta Hansteen area in three monthsJun 10, 2015Statoil and PL602 partners have made a gas discovery in the Gymir prospect. With three discoveries in a row, an important progress has been made in unlocking full potential of the Aasta Hansteen area.“Our 2015 exploration campaign around Aasta Hansteen has proven an upside potential in the area. The estimated total volumes in the three discoveries, Snefrid Nord, Roald Rygg and Gymir, amount to 75-120 million barrels of recoverable oil equivalent, corresponding to about 1/3 of the Aasta Hansteen recoverable volumes.
Dana Gas commences drilling campaign in EgyptJun 8, 2015Dana Gas has commenced drilling the Balsam-2 development well in the Balsam Development lease onshore Nile delta. The Balsam-2 well
Petrofac chosen to support new North Sea gas field operatorJun 5, 2015Petrofac has secured a contract to support Oranje-Nassau Energie (ONE) UK Limited, a subsidiary of Amsterdam based oil and gas producer Oranje-Nassau
Dana Gas signs participation agreement with BP in EgyptJun 3, 2015Dana Gas has completed an agreement with BP, whereby BP will carry Dana Gas for the drilling of a first exploration well in the El Matariya
Alaska LNG project receives conditional authorization to export LNGJun 3, 2015The Alaska LNG project marks another significant milestone with the announcement by the United States Department of Energy that it has conditionally
Atlas Knowledge secures INPEX contract for major Australian projectJun 2, 2015Atlas Knowledge has been awarded a contract by INPEX to provide training for production workers involved in the US$34 billion Ichthys LNG Project
Amec Foster Wheeler awarded LNG contract in Timor-LesteMay 29, 2015Amec Foster Wheeler has been awarded a pre-FEED (front-end engineering design) contract by the Government of Timor-Leste for the proposed
BMT secures contract with Endeavour Energy for LNG import terminalMay 29, 2015BMT Asia Pacific (BMT), a subsidiary of BMT Group Ltd, has been appointed Owners Engineer and lead design consultant by Endeavour Energy
Eni makes new gas and condensates discovery offshore LibyaMay 27, 2015Eni has made a new discovery of gas and condensates offshore Libya, in the Bouri North exploration prospect in Area D, 140 kilometers from the coast and 20 kilometers north of the production field of Bouri.The discovery was made through the A1-1/1 well, drilled at a water depth of 125 meters, which encountered gas and condensates in the Metlaoui Group of Eocene age.
Net imports of natural gas fall to lowest level since 1987; says EIAMay 22, 2015U.S. net imports of natural gas decreased 9% in 2014, continuing an eight-year decline. As U.S. dry natural gas production has reached record highs,
BG Group assumes operational control of QCLNG and meets pre-conditions for pipeline saleMay 22, 2015BG Group says that operational control of Train 1 at its Queensland Curtis LNG plant has been formally transferred to QGC, BG Group's Australian subsidiary
Gazprom adds over 800 billion cubic meters of gas in 2014May 22, 2015On the threshold of Gazprom’s annual General Shareholders Meeting the Company’s headquarters hosted Press Conference “Mineral and Raw Material
Mol Group makes new discovery in Pakistan and enters DG Khan blockMay 21, 2015MOL has a well-established, proven track record and successful presence in the country with five blocks and over 15 years of operation.
Terneftegas launches the Termokarstovoye fieldMay 21, 2015OAO NOVATEK says that Terneftegas, a joint venture between NOVATEK (51%) and Total (49%), formally launched the Termokarstovoye gas and gas condensate field
Bear Head LNG receives final permitMay 21, 2015Bear Head LNG Corporation (Bear Head LNG) has received a permit from the Nova Scotia Department of Environment (NSE) for its updated provincial Environmental
Platts JKM™ for June-delivered LNG fell 3.5% from previous monthMay 20, 2015Prices of spot liquefied natural gas (LNG) to northeast Asia averaged $7.12 per million British thermal units (/MMBtu) for June, according to latest Platts
San Leon finalises a Competent Persons Report on Rawicz Gas fieldMay 20, 2015San Leon Energy announces an update to the results of the Rawicz-12 well test in Poland.The Company has finalised a Competent Persons Report ('CPR') on the Rawicz Gas field
DNV GL’s unmanned FLNG concept boosts safety and reduces costsMay 20, 2015DNV GL has developed a new unmanned floating LNG concept that overcomes many of the challenges currently faced by those looking to unlock the potential of remote offshore gas fields.Called Solitude, the concept demonstrates how technological advances – most of the technology already within reach - can be combined into a solution that offers some 20 percent reduction in annual OPEX, only adding a few percent increase in CAPEX and at the same time increase the overall safety.
Anadarko selects contractor for initial onshore Mozambique LNG developmentMay 19, 2015Anadarko Petroleum Corporation on behalf of the co-venturers in Mozambique's Offshore Area 1, and after a competitive FEED (front-end engineering and design)
