Sunday, August 25, 2019

Gas Resource News

Shell Sees More FLNG Opportunities

(Photo: Shell)

Royal Dutch Shell sees more opportunities for floating liquefied natural gas projects, but not necessarily like its $17 billion Prelude operation off Australia, which shipped its first cargo last week, over two years behind schedule.Shell Australia Chair Zoe Yujnovich…

Prelude FLNG Ships First LNG Cargo

The Prelude FLNG facility, with the Valencia Knutsen berthed side-by-side (Photo: Shell)

The first shipment of liquefied natural gas (LNG) has sailed from Shell’s Prelude floating LNG (FLNG) facility offshore Australia, Shell announced Tuesday alongside its joint venture partners INPEX, KOGAS and OPIC.This shipment from the world’s largest floating producer of LNG…

Chrysaor to Buy ConocoPhillips’ UK Assets

Judy in the J-Area (Photo: ConocoPhillips)

Chrysaor has reached a deal to acquire ConocoPhillips’ oil and gas exploration and production assets in the UK for $2.675 billion, the companies announced on Thursday.Full-year 2018 production and year-end 2018 proved reserves associated with the assets being sold were approximately 72…

Santos Finds Gas Off Western Australia

(Image: Santos)

Santos announced Tuesday it has confirmed significant gas resource in the Corvus-2 appraisal in the Carnarvon Basin, offshore Western Australia.Corvus-2 is located in 63 meters water depth, approximately 90 kilometers northwest of Dampier in Commonwealth waters within petroleum permit WA-45-R…

Chevron Buys Anadarko for $50Bln

Pic: Chevron Corporation

Chevron, the second-largest US oil and gas company, has agreed a $50bn deal to buy Anadarko Petroleum (APC)  in a massive deal that will bolster its natural gas and shale operations.The cash and stock deal announced Friday values Anadarko at $65 per share, 39% higher than the oil company's closing stock price on Thursday.

Woodside Inks LNG Supply Deal with ENN

PLuto LNG plant (Photo: Woodside)

Australia's Woodside Petroleum WPL.AX has signed a Heads of Agreement (HOA) to supply liquefied natural gas (LNG) to China's ENN Group for 10 years from 2025, both companies said on Friday.Woodside, Australia's biggest listed oil and gas explorer, said in a statement…

Australia's Best Option is LNG Imports

© pichitstocker / Adobe Stock

Australia has painted itself into a corner with its natural gas industry and faces the stark reality that there are no easy choices to alleviate the dual problem of a looming supply crunch and the associated higher prices.Australia is far from the first country to find itself with an energy issue…

Woodside Awards Scarborough FEED Contracts

(Photo: Woodside)

Australian independent oil and gas company Woodside said Wednesday it has awarded four contracts for front-end engineering design (FEED) activities for the proposed US$11 billion Scarborough Project offshore Western Australia.Each contract was awarded and will be funded initially by Woodside on a 100% basis…

US to Become Third Largest LNG Exporter in 2019

Pic: Center for Liquefied Natural Gas (CLNG)

The coming year is expected to make the U.S. the third largest exporter of liquefied natural gas (LNG) in the world, creating jobs stateside while reducing emissions and providing reliable energy to countries around the world, said American Petroleum Institute (API).API…

Woodside Enters FEED for Pluto Train 2

(Photo: Woodside)

Australia's largest independent oil and gas company Woodside said it has awarded a contract to Bechtel (Western Australia) Pty Ltd to undertake front-end engineering design (FEED) for its proposed brownfield expansion of existing Pluto liquefied natural gas (LNG) facilities.The…

Exxon, BHP to Develop West Barracouta Gas Field

The Barracouta platform in Bass Strait (Photo: ExxonMobil)

ExxonMobil Corp and the world's top miner BHP Billiton said on Thursday they approved development of the West Barracouta gas field in the Gippsland Basin in Australia, to bring fresh gas to Australian domestic markets.Exxon said the project, located off the shore of the state of Victoria…

Argentina to Export First LNG in 2019

The barge-based floating liquefaction unit Caribbean FLNG will be redeployed as Tango FLNG to the Port of Bahía Blanca in the second quarter of 2019. (Photo: Wison Offshore & Marine)

Argentina is due to begin exports of liquefied natural gas from a part of its vast Vaca Muerta shale gas resource next year through a floating LNG liquefaction (FLNG) vessel provided by Exmar, the Belgian shipping company said on Wednesday.The operations, due to start in the second quarter of 2019…

Petronas Buys Stake in Canadian LNG Export Project

(File photo courtesy of Shell)

Malaysia's state-owned oil and gas company Petroliam Nasional Bhd said on Thursday it is buying a 25 percent stake in a Canadian liquefied natural gas (LNG) export project, nearly a year after cancelling its own planned terminal.The company, known as Petronas, scrapped…

Bahrain Launches $1 bln Energy Fund

Bahrain's government has launched an energy fund that aims to raise $1 billion from local, regional and international investors to develop the kingdom's energy assets, Oil Minister Sheikh Mohammed bin Khalifa al-Khalifa said on Thursday.The Bahrain Energy Fund will receive its initial capital from local entities including Nogaho

CNPC, Guangdong Ink Deal on S. China Sea Methane Hydrate

China's Ministry of Land and Resources, state energy giant China National Petroleum Corp (CNPC) and Guangdong province have agreed to build a pilot methane hydrate project in the South China Sea, CNPC said its website on Monday. The trial prospecting of the deep-sea gas resource…

BP Strikes Deal on Mauritania, Senegal discoveries

Map courtesy BP

BP announced that it has signed agreements with Kosmos Energy to acquire a 62% working interest, including operatorship, of Kosmos’ exploration blocks in Mauritania and a 32.49% effective working interest in Kosmos’ Senegal exploration blocks -- acreage which holds…

Shell's Search for Oil Moves Closer to Home

In the waters off Malaysia, Royal Dutch Shell is finding gas quickly and cheaply to replenish depleting fields where only a few years ago geologists had lost hope of discovering any new reserves. The Anglo-Dutch group is combining the latest technology with the wisdom…

Golar, Schlumberger Enter LNG Joint Venture

A new joint venture between Golar LNG Limited and Schlumberger, OneLNGSM, has been created with the goal of rapidly developing low cost gas reserves to LNG. The combination of Schlumberger reservoir knowledge, wellbore technologies and production management capabilities…

Fracture Stimulation of Tamarama-1 Well in Cooper Basin Begins

Real Energy Commences Fracture Stimulation at Tamarama-1 Well in Cooper Basin Image Real Energy

Sydney, 23 May 2016, Cooper Basin focused oil & gas company, Real Energy Corporation Limited commenced the five-stage fracture stimulation program of Tamarama - 1 well located in the Windorah Gas Project in ATP 927P, Cooper Basin, Queensland. During the weekend all…

Canada's Liard Basin Among World's Biggest Shale Gas Plays

Northwest Canada's remote Liard Basin is the world's ninth largest shale gas resource, according to a new assessment released by Canadian regulators on Wednesday, although it may take years to develop given depressed global energy prices. The basin, mostly situated…