Oil & gas news
Bonaparte LNG project receives environmental approval
A joint venture between GDF Suez and Santos Energy has received environmental approval from the Australian government for its FLNG project in the Bonaparte Basin.
Shell acquires stake in Beryl area fields, North Sea
Shell has signed an agreement with Hess Corporation to acquire its interests in the Beryl area fields and the Scottish Area Gas Evacuation System (SAGE), for US$ 525 million.
Small scale LNG – about to boom?
In large scale markets, LNG is already a strategic commodity. However, limited growth is experienced in the small scale market. Thomas Vles, Consultant, Squarewise, asks why.
Thermal coal growth fuels record US exports
US 2012 coal exports, supported by rising thermal coal exports, are expected to break their previous record level of almost 113 million short t, set in 1981.
BP asks Judge to approve Deepwater Horizon settlement
BP has asked a US judge to approve a settlement of thousands of claims worth US$ 7.8 billion made by plaintiffs whose businesses, property or health were negatively impacted by the 2010 Deepwater Horizon incident.
Talisman North Sea project approved by UK government
Talisman has received approval from the UK government to proceed with its £1.6 billion MonArb area redevelopment project to increase oil production.
Serimax to provide pipeline welding solutions for Petrobras’ Ubarana offshore field
Serimax has been commissioned to provide welding solutions on pipelines offshore Brazil.
Flooding cuts 500 000 bpd from Nigerian output
Heavy flooding, as a result of months of rain, may have cut the production output of companies operating in the Niger Delta by up to 500 000 bpd.
USA on course to become the world’s No.1 oil producer
If current surging production levels continue, it might not be long before the US replaces Saudi Arabia as the world’s leading oil producer.
FLNG the future of gas production?
FLNG offers companies a new avenue to develop distant ‘stranded’ offshore resources.