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Brunei Darussalam’s oil and gas exploration ready to be drilled in a few days
Brunei Darussalam’s oil and gas reserves are bound to increase with a new oil well ready to be drilled in a few days time. TOTAL E&P Borneo BV has taken a giant stride in exploration with its MLJ2-06 High Pressure and High Temperature (HPHT) project marking another milestone in Brunei’s oil and gas development.
The Minister […]
BG Group Second-Quarter Net Income Rises 13% on LNG (Update4)
BG Group Plc, the U.K.’s third- largest natural-gas producer, said second-quarter profit rose 13 percent, helped by higher shipping volumes and prices of gas delivered to the U.S.
Net income climbed to 471 million pounds ($962 million) from 418 million pounds a year earlier, the Reading, U.K.-based company said today in a statement. That’s higher than […]
Contango Oil and Gas Announces Successful Test at its Dutch #3 Prospect
Contango Oil & Gas Company announced today that its Dutch #3 well on Eugene Island 10 has been successfully completed and production tested at a rate of approximately 34 million cubic feet equivalent per day (”Mmcfe/d”). The Company’s net revenue interest in Dutch #3, before payout, is approximately 30%, inclusive of its 42.7% investment in […]
Woodside Petroleum Ltd. Q2 output up, new projects eyed
Woodside Petroleum Ltd. (ASX: WPL.ax) , Australia’s largest independent oil and gas producer, reported a 9 percent rise in second-quarter output on Thursday, with at least three new projects due to come on-line in the next six months.
But output of 17 million barrels of oil equivalent (boe) was down 6 percent on the previous quarter, […]
LNG projects need close government scrutiny
Utilisation of Papua New Guinea’s massive gas resources has entered a critical phase following the cancellation early this year of the project to pipe natural gas to Australia.
As indicated in previous columns much attention needs to be given by the government to rational and early development of an liquefied natural gas project as the only […]
With nuclear off and coal thin, Japan hunts for LNG
A few Japanese power companies are tentatively seeking spot cargoes of liquefied natural gas (LNG), as they brace for a hot summer with low coal stocks and reduced nuclear power rates, market sources said on Friday.
But even coupled with opportunistic buying from India and China, the fresh demand seems unlikely to lift Asian spot LNG […]
Mustang Engineering and Wood Group awarded U.S. Patent for LNG Smart® Horizontal LNG Storage Tanks
Mustang Engineering and Wood Group, have been awarded U.S. patent 7,146,817 for their LNG Smart Horizontal Storage Tanks, full containment LNG storage tanks offering an alternative to conventional vertical LNG storage. The LNG Smart Tanks offer a modular design that can significantly reduce construction time, and the low horizontal profile reduces the visual impact […]
Contango Announces Its Third Successful Well at Its Dutch Prospect
Contango Oil & Gas Company announced its third successful well at its Dutch prospect located offshore Gulf of Mexico at Eugene Island block 10. The Dutch #3 well is located approximately 2,200 feet southeast of the Dutch #1 well, and approximately one mile southwest of the Dutch #2 well. All three Dutch wells are operated […]
Contract wins for MB Inspection totals almost £1M
MB Inspection has won several new contracts which total almost £1 million. The providers of inspection and testing services have been awarded an array of inspection contracts across the oil and gas, petrochemical, utility and power generation sectors.
These contract wins fuel the company’s ambitious growth strategy of doubling turnover in the next three years.
MB […]
