Somali pirates operating out of the failed state have been posing a serious threat to shipping which passes through the region, taking many ships and their crew hostage, but what specific threat do these attacks pose to LNG carriers?
Girish Shirodkar, Strategic Decisions Group, India, provides an overview of the ASEAN members, centring on the strategic apparatuses in place to fuel future growth in South East Asia.
Weir Group expands US shale activities The Weir Group PLC has agreed to acquire Seaboard Holdings Inc, an independent wellhead solutions provider focused on the growing North American unconventional oil and gas drilling and production markets for US$ 675 million (£431 million).
Aker Solutions has been awarded a contract by Statoil for the engineering, procurement and construction of a subsea production system for the Vilje South project on the Norwegian continental shelf. The contract value is approximately NOK 225 million.
Bit Viking, which is owned by Sweden's Tarbit Shipping, was converted under supervision from Germanischer Lloyd (GL) and now qualifies for lower nitrogen oxide (NOx) emission taxes under the Norwegian government's NOx fund scheme.
Infinis, a leading generator of renewable power in the UK, has agreed a three year contract with ExxonMobil to help optimise the gas engines operating across Infinis’ 123 landfill gas (LFG) generating sites in the UK. The contract will see the continuation of a working relationship which has been in place for over 15 years.
San Leon has announced the successful completion of its first shale gas exploration well in the Baltic Basin. The Talisman Energy operated Lewino 1G-2 well, on the Gdansk W Concession in Poland, has been drilled to 3600 m.
Statoil and Centrica have entered into a long term gas sales agreement for the delivery of 5 billion m3/yr from 2015 to 2025 to the UK market.
Cheniere Energy Partners, L.P. has entered into a LNG sale and purchase agreement (SPA) with Gas Natural Aprovisionamientos, a subsidiary of Gas Natural Fenosa, under which Gas Natural Fenosa has agreed to purchase 3.5 million tpa of LNG over a 20 year period.
The giant Pazflor development, which lies 150 kilometres offshore Luanda in Angola, was inaugurated today.
Wärtsilä Corporation has reached agreement with the Board of Hamworthy plc, a UK listed ship-based LNG regaisfication company focussed on the marine and oil and gas sectors, in regards to a recommended cash offer for the acquisition of Hamworthy.
BP confirmed today that it has been awarded two oil and gas production sharing contracts (PSCs) by the Government of Indonesia. The company has been awarded 100% interests in the offshore West Aru I and II PSCs in the Arafura Sea, Indonesia.
The American Petroleum Institute supports pro job legislation to expand American energy production.
The statistics on petroleum demand for October 2011.
Wärtsilä is in advanced discussions with Hamworthy regarding an 825 pence per ordinary share cash offer. Hamworthy are producers of ship based LNG regasification systems.