Oil & gas news

China National Offshore Oil Corp. (CNOOC) has signed an agreement with BG Group of Australia for the purchase of 3.6 million tpy of LNG for the next 20 years.

China has signed a deal with Shell to exploit its domestic shale gas reserves, which, if successful could turn Chinese energy policy on its head.

As part of its investment into clean coal energy, Peabody Energy has invested US$ 15 million in Calera Corp., owner of technology that converts CO2 into green building materials.

A brief round up of refinery and oilsands news from Canada and North America.

Qatar has agreed to supply an additional 4 million tpa of LNG to India by 2014.

Weatherford International Ltd has announced its participation in a collaborative project to develop a fibre optics based in-well distributed acoustic flowmeter based on the revolutionary iDAS™ technology, developed by Silixa.

Bill Gates’ firm Terra Firma is in talks with Toshiba to develop the next generation of mini nuclear power plant.

The Indonesian government is looking for South Korean investors to back three new floating LNG terminals.

Woodside Energy Ltd has selected Mustang to provide the independent assessment and verification of readiness for one of the world’s heaviest open water floatover installations, the North Rankin B (NRB) platform topsides, to be located on the North West Shelf of Australia.

Total has announced the launch of the Laggan and Tormore gas fields development in the offshore frontier region of the West of Shetland, subject to the UK Government’s Department of Energy and Climate Change approval.