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Oil & gas news

Nord Stream construction begins

Construction of the long-anticipated Nord Stream gas pipeline from Russia to Germany via the Baltic officially got underway on 9th April.

 

BHP Billiton signs joint venture agreement for Indonesian Coal Project

BHP Billiton, the world’s largest mining company, will create a joint venture with PT Adaro Energy, a leading Indonesian miner, to develop its Indonesian Coal Project in East and Central Kalimantan. Adaro will acquire a 25% interest in the project, with BHP retaining the remaining 75%.

 

JP Morgan enters LNG market

JP Morgan and Cheniere Energy have entered into a two-year partnership involving the Sabine Pass terminal.

 
 
 

Pakistan LNG deal mired in scandal

A contract made between GDF Suez and Pakistan’s Petroleum Ministry has become mired in scandal after it was revealed a lower bid was ignored.