UK independent oil company Premier Oil is poised to award a front-end engineering and design contract early in the new year on its promising Tolmount gas discovery in the UK southern gas basin, writes Rob Watts.
Engineering and consulting firm Arup has won a pre-front end engineering and design contract for the marine infrastructure and vessel conversion for Australasia LNG’s proposed 2.4 million tonnes per annum liquefied natural gas import project in Probolinggo, Indonesia.
South Korea’s Samsung Heavy Industries has beaten international and domestic rivals to secure a letter of intent for one firm liquefied natural gas floating storage and regasification unit and three such options for Bermuda-based Hoegh LNG.
Spanish operator Repsol said it is open to Horizon Oil’s proposed Papua New Guinea Western Liquefied Natural Gas project but is looking to capitalise on its gas reserves at the country’s Stanley field in the near term.
Anadarko Petroleum’s Mozambique LNG project, which involves gas from its Golfinho-Atum discoveries in Area 1 supplying feedstock to a pair of 6 million tonnes per annum trains at Afungi, still has another year or so to go before a final investment decision is forthcoming, writes Iain Esau.
The Permian basin has always been synonymous with oil production in the US but what many overlook is that it is already the second-largest natural gas producing area in the nation and that is poised to grow in the coming years.
Besides its favourable geology and geography, the Permian basin in the US is helped by its tradition of fostering private companies that take risks and a workforce that traces its links to the oil business back through the generations.
Led by shale giant Chesapeake Energy, US onshore operators flooded into debt and equity markets to take advantage of the increased outlook for oil prices following Opec’s decision to cut production, writes Noah Brenner.
Mozambique's rapid demise from Africa’s go-to upstream hot spot to a country starved of money and beset by corruption is sad to see — but par for the course in many parts of the continent, writes Iain Esau.
It is victory at last for a major North American pipeline project — the Canadian government’s decision to give the green light to Kinder Morgan’s TransMountain expansion (TMX) brings an end to a series of defeats for developers.