Although Papua New Guinea has a strong economy resulting from exploitation of its extensive petroleum deposits and abundance of other natural resources ranging from minerals to forest products, the nation is one of the least developed countries in the Asia Pacific region鈥
Saipem and JGC fight for Abadi FLNG contract Click to view largerSubsidiaries of Saipem and JGC Corp. have won FEED contracts for Inpex's Abadi FLNG facility off Indonesia, Inpex announced on 23 January 2013.PT Saipem Indonesia and PT鈥
The Gazprom-chartered Ob River LNG carrier has successfully completed the first-ever delivery through the Northern Sea Route. The carrier鈥檚 journey began in early November at the Snohvit terminal in Hammerfest, Norway, and ended at the Tobata terminal in Japan in December鈥
Natural gas is still not a global fungible commodity, although the LNG trade steadily grows as projects and the global fleet expand. ExxonMobil thinks that worldwide natural gas use will grow more than any other fuel 鈥 by 65% over the next 30 years鈥
US crude and condensate production has been falling since 1972 with only a couple brief periods of respite or flattening downward. Most analysts felt that the decline was irreversible. The decline flattened in 1991, 1997 and 2001 and, as a result of a dramatic jump in oil prices鈥
Study assesses FLNG project options off IndiaWorleyParsons has been awarded a significant pre-FEED study by the Andhra Pradesh Floating LNG Terminal developers, GDF SUEZ and Andhra Pradesh Gas Distribution Corporation (APGDC). The pre鈥
Kitimat LNG illustrationChevron buys EOG, Encana stake in Kitimat LNGEOG Resources and Encana have sold their shares in Kitimat LNG and the Pacific Trail Pipeline to Chevron, the supermajor announced on 24 December 2012.The financial terms of the deal were not disclosed鈥
Sabine Pass LNG2MPTA will be bought from Sabine LiquefactionCheniere Energy Partners announced that its subsidiary Sabine Pass Liquefaction has entered into a liquefied natural gas sale and purchase agreement (SPA) with Total Gas & Power North America鈥
Shell's PreludeShell and TSC team up on future LNG projects Shell Gas & Power Developments B.V. (Shell) and the Technip Samsung Consortium (TSC) have signed a heads of agreement to enhance collaboration on the design, engineering, procurement鈥
Prime Minister Stephen HarperCanada grants approval for Nexen, Progress grabsThe Canadian government announced on Friday that it would approve two controversial investments in local firms by foreign state-owned companies.Minister of Industry鈥
Vessel illustrationWartsila supplies LNG package for Harvey GulfHarvey Gulf has chosen Wärtsilä to supply a complete LNG package, including propulsion, auxiliaries and controls, for its new STX Marine-designed offshore support vessel bound for the U鈥
Daewoo Shipbuilding & Marine Engineering (DSME) tapped Wärtsilä Moss to supply inert gas generator (IGG) units for the FPSO destined for the Inpex-operated Ichthys LNG project in the Browse Basin offshore western Australia.Wärtsilä Moss'鈥
Photo: GazpromIcebreakers transfer LNG from Norway to JapanLNG Carrier 鈥極b River鈥 chartered by the Gazprom Marketing & Trading (GM&T) group, a wholly-owned subsidiary of OAO Gazprom, and operated by Dynagas (Greece), has successfully completed鈥
Pangea aims to build Texas LNG facilityPangea LNG is seeking approval to build a liquefied natural gas export facility at Corpus Christi Bay, Texas, the company announced on 30 November 2012.Pangea has filed an application with the U.S. Department鈥
Three Streams EngineeringFoster Wheeler buys Canadian engineering firmFoster Wheeler has acquired Calgary-based Three Streams Engineering for an undisclosed amount.Three Streams is a multi-discipline full service engineering, procurement鈥
