Oil & gas news

The EIC predicts that Iraq should see huge levels of investment over the next five years as the security situation improves.

GDF Suez has signed an agreement with Sempra which will allow it access to 4 million toy of liquefaction capacity at Cameron LNG from 2016.

A New South Wales legislative committee has rejected calls for a moratorium on coal seam gas exploration.

Continental Coal Limited has announced that through its South African subsidiary Mashala Resources (Pty) Limited, it has entered into agreements that will allow the Company to extend the operating mine life at the Ferreira Coal Mine and its production of high quality thermal coal through the acquisition and development of the adjacent and adjoining Prospecting Right.

Gladstone LNG, the coal seam gas to LNG project led by Santos, has signed an agreement with Origin Energy to supply feed gas for liquefaction into LNG.

Woodside has accepted an offer from Japan Australia LNG (MIMI Browse) Pty Ltd. to purchase a 14.7% interest in Browse LNG for US$ 2 billion.

GE Oil & Gas has been awarded a contract worth US$ 80 million to supply subsea and production equipment to ATP Oil & Gas’ Cheviot Field in the North Sea.

Woodside Petroleum has begun production from its Pluto LNG project in Western Australia and will load its first cargo of LNG today.

Wood Group Mustang has been awarded the topsides detailed engineering and procurement support for the semi-submersible production facility, which will operate in the offshore field.

Iraq’s Deputy Prime Minister, Hussain Shahristani, has addressed outside pressure to resolve the ongoing dispute between Baghdad and Kurdistan over a block on oil deliveries, by stating that it was an “internal matter.”