Gas Processing/LNG
Ophir and OneLNG to form joint operating company to develop Fortuna FLNG project
Ophir Holdings & Ventures and OneLNG have signed a binding shareholders' agreement to establish a joint operating company to develop the Fortuna project utilizing Golar's FLNG technology.
Gazprom says Japanese lender JBIC may help finance Sakhalin-2 LNG expansion
Gazprom has discussed possible financing with the Japan Bank for International Cooperation for the expansion of the Sakhalin-2 LNG plant.
Canadian Court of Appeal halts ExxonMobil acquisition of InterOil
In its decision, the Court of Appeal for Yukon overturned a ruling by the Yukon Supreme Court last month that had approved the proposed plan of arrangement by ExxonMobil Corp. to acquire all of the shares of InterOil.
Wärtsilä's to cooperate with ENGIE to develop small scale LNG markets
Wärtsilä has signed a memorandum of understanding with French multinational energy company ENGIE, to develop solutions and services within the small scale LNG business sector.
Woodfibre LNG receives project funding
Pacific Oil & Gas Ltd. has authorized the funds necessary for the Woodfibre LNG Project to proceed.
Mozambique expects Eni decision on LNG investment this year
Italy's Eni should make a final investment decision on its first offshore deep-water LNG project in Mozambique by the end of this year.
Industry Metrics
US margins fell due to the slowing of domestic gasoline demand, as the driving season ended amid high inventories.
Chevron Wheatstone LNG cost blowout to $34 B hits Woodside
Woodside Petroleum faces an 8% rise in its expected costs on the Wheatstone LNG project in Australia, after operator Chevron Corp. flagged total costs would jump to $34 B.
Honghua, Argo LNG enter into offshore LNG platform construction HOA
Shanghai Honghua Offshore Oil and Gas Equipment Co. entered into the first offshore LNG platform construction heads of agreement with Argo LNG Partners.
Panama Canal readies for surge in tonnage after upgrade
The Panama Canal is likely to attract up to 15% more tonnage next year after an upgrade which means it can now accommodate gas tankers previously too large to transit.
- Transitional Industries and CFEnergia sign feedstock supply contract for $3.3-B Pacifico Mexinol project 2/17
- Neste and World Fuel Services extend partnership, expanding SAF availability at more than 100 airports in Europe 2/17
- U.S. refined product exports by tanker increase to > 6.3 MMbpd in January 2/17
- Japan's oil and gas independence climbs to highest since 2009 2/17
- Dangote signs $400-MM equipment deal with China's XCMG to speed up refinery expansion 2/17
- Former Lukoil-owned ISAB refinery in Sicily exits crisis procedure 2/17
