News Archive

News

LNG-powered chemical tanker passes sea trials
Winterthur Gas & Diesel has announced that Terntank Rederi AS’s first 150 000 DWT chemical tanker, featuring an LNG dual-fuel engine, has passed sea trials....
http://www.lngindustry.com/ 27 Jun 16
Sabine Pass Liquefaction Project progressing
Sabine Pass has filed its monthly construction status report to FERC for May 2016. ...
http://www.lngindustry.com/ 27 Jun 16
Swinoujscie LNG terminal granted operating permit
Gaz-System S.A. has confirmed that the Swinoujscie LNG terminal has been granted an operating permit....
http://www.lngindustry.com/ 27 Jun 16
GlobalData: North America and Asia driving LNG industry
GlobalData’s latest report suggests that North America will drive liquefaction capacity growth in the LNG industry. ...
http://www.lngindustry.com/ 27 Jun 16
Video: Rolls-Royce discusses LNG as a marine fuel
Rolls-Royce has released a video of its LNG expert, Oscar Kallerdahl, discussing the company’s systems and the benefits of using LNG as a marine fuel....
http://www.lngindustry.com/ 27 Jun 16
Rio Grande LNG responds to opposition
Rio Grande LNG and Rio Bravo Pipeline Co. have a filed a response to various motions, protests and comments regarding the application to build and operate an LNG production and export terminal....
http://www.lngindustry.com/ 27 Jun 16
Atkins awarded engineering support contract by Chevron
Atkins has announced that it has won a contract to provide engineering support services for Chevron’s Western Australian-based assets....
http://www.lngindustry.com/ 27 Jun 16
FERC grants authorisation for Coastal Bend Header Project
The US Federal Energy Regulatory Commission has granted authorisation for the Coastal Bend Header Project, which will provide gas for Freeport LNG’s liquefaction and export terminal in Texas, US....
http://www.lngindustry.com/ 27 Jun 16
Tokyo Gas purchases 25% stake in Eagle Ford shale gas formation
According to Reuters, Tokyo Gas has purchased a 25% stake from VirTex Producing Co. in an Eagle Ford shale gas formation....
http://www.lngindustry.com/ 23 Jun 16
Alaska LNG files second draft resource reports to FERC
As part of FERC’s pre-filing environmental process, the Alaska LNG project has filed second drafts of Resource Reports 1 (general project description) and 10 (alternatives)....
http://www.lngindustry.com/ 23 Jun 16
Sabine Pass withdraws application to construct LNG truck loading facilities
Cheniere Energy has withdrawn its application to construct LNG truck loading facilities at the Sabine Pass LNG terminal....
http://www.lngindustry.com/ 23 Jun 16
DOE releases US LNG export data
According to data from the US DOE’s Office of Fossil Energy, Sabine Pass exported a total of 21 508 223 million ft3 of LNG in the first four months of 2016....
http://www.lngindustry.com/ 23 Jun 16
ITOCHU Corp. and CITIC Resources sign MoU
ITOCHU Corp. has announced the signing of a MoU with CITIC Resources Holdings Ltd, for collaboration in oil and gas exploration and production. ...
http://www.lngindustry.com/ 23 Jun 16
Novatek and Nuovo Pignone enter strategic cooperation agreement
Novatek has entered a strategic cooperation agreement with Nuovo Pignone, covering the development of Russia’s oil and gas industry and Novatek’s LNG projects....
http://www.lngindustry.com/ 23 Jun 16
ABS Group wins Elba LNG Project contract
Kinder Morgan has contracted ABS Group to develop a maintenance and integrity program for the Elba Island LNG Project....
http://www.lngindustry.com/ 23 Jun 16
EWC draws down approximately US$32 million for LNG hub in the Philippines
Energy World Corp. Ltd has announced that it has achieved a drawdown of funds of approximately US$32 million under the financing document for its LNG hub terminal in Pagbilao in the Philippines....
http://www.lngindustry.com/ 23 Jun 16
PGNiG not planning any LNG spot purchases in July 2016
According to Reuters, PGNiG has confirmed that it is not planning on purchasing any LNG spot cargoes in July 2016 through its new 3 billion zloty terminal in Swinoujscie, Poland....
http://www.lngindustry.com/ 23 Jun 16
Gazprom discusses small scale LNG with Fluxys and Srbijagas
Gazprom and Fluxys have discussed the prospects for cooperation in the European small scale LNG market....
http://www.lngindustry.com/ 23 Jun 16
NYK to participate in LNG bunkering feasibility study
NYK is participating in a feasibility study for LNG bunkering in Yokohama, Japan....
http://www.lngindustry.com/ 23 Jun 16
DSME and Maran Gas Maritime ink agreement
DSME has signed new contracts with Maran Gas Maritime and Maran Tankers Management for the construction of two ME-GI powered LNG carriers and two VLCCs. ...
http://www.lngindustry.com/ 23 Jun 16
OPEC losing its ability to set global oil prices
The June OPEC meeting should not bring too many surprises, as the cartel’s unofficial leader, Saudi Arabia, will not support production cuts in order to boost falling prices, but will...
http://globalriskinsights.com/ 3 Jun 15
Despite Iran deal, price war will dominate 2015 oil markets
Regardless of the final outcome of Iran’s nuclear programme negotiations, the coming months will see a continuing price war between OPEC producers and the shrinking US shale sector. The recent agre...
http://globalriskinsights.com/ 10 Apr 15
Clean energy: China’s new strategy for growth
China has been investing large sums of money into clean energy – in fact, more than any other country in the world. The reasons for this are strategic, and can...
http://globalriskinsights.com/ 3 May 15
Securing the sealanes of the super highway
Safe, secure and continuous supplies of energy are critical to modern society, providing the lifeblood to the global economy. The securitization of energy for heat, light and transportation affirms th...
http://globalriskinsights.com/ 25 Jul 15
Low oil prices fuel political and economic instability
A year after the beginning of the biggest oil price slump in a decade, it is worthwhile to assess the current state of affairs and estimate the costs both for...
http://globalriskinsights.com/ 6 Sep 15
Nigeria’s crude troubles leave oil investors weary
With the formation of the Nigerian government still underway, uncertainty over reforms in the oil industry and macroeconomic mismanagement are making investors increasingly weary amid significant capi...
http://globalriskinsights.com/ 20 Oct 15
OPEC likely to continue price war
The OPEC’s December meeting might cause more stir than usual, as the period of low oil prices enters its 18th month with no visible signs of changes in sight, and...
http://globalriskinsights.com/ 28 Nov 15
Climate change, dams and risk on the Mekong
Climate change is threatening the economic and political future of the Mekong region. Excessive dam building is accelerating these risks. Failure to act will significantly impact growth in the region....
http://globalriskinsights.com/ 29 Feb 16
Doha meeting reveals Opec’s inability to control global oil prices
The recent Doha meeting of major oil producers failed to agree oil output freeze deal and confirmed the existence of deep disagreements within Opec....
http://globalriskinsights.com/ 19 Apr 16
Is China drilling for oil in Vietnamese waters?
China’s Haiyang Shiyou 981 oil rig is reportedly once again operating in waters contested by Vietnam.  The rig’s return creates a number of risks for investors operating in Vietnam and...
http://globalriskinsights.com/ 27 Jan 16
The future of oil production in Iraq
Despite security and financial troubles, Iraq’s crude oil production has grown substantially over the last five years. Moving into 2016, what challenges remain for Iraq’s oil sector? Since 2010, I...
http://globalriskinsights.com/ 21 Dec 15
The Baghdad-Erbil-Ankara Triangle
Baghdad faces challenges from the Kurdish autonomous region, as development of western oil reserves relies on good relations with Erbil, as well as Ankara. Few can deny the tremendous developmental...
http://globalriskinsights.com/ 19 Jun 16
Nile Dilemma Between Development and Water Security
Over the last few weeks, the waves of dispute have been disturbing the otherwise calm waters of the Nile river. Ethiopia, one of the source countries of the river, has...
http://globalriskinsights.com/ 19 Jun 16
Clean Energy Damages Europe’s Competitiveness
For years Europe has been at the forefront of the renewable energy revolution, promoting and establishing global rules in this sector. There are signs however that this trend might change....
http://globalriskinsights.com/ 19 Jun 16
Is PetroChina’s Lack of Performance Simply Bad Business?
PetroChina is one of the globe’s foremost producers of crude oil and China’s largest company. Following its establishment in 1999, the oil giant has experienced a number of ‘ups’, but...
http://globalriskinsights.com/ 19 Jun 16
Oman and BP finalise natural gas deal, signalling regional change
The Sultanate’s recent natural gas deal with BP signals greater economic and energy prowess for Oman, and a shift toward independent action rather than cooperation with other Gulf nations. Oman...
http://globalriskinsights.com/ 19 Jun 16
5 energy problems confronting India
India is the world’s fourth largest energy consumer. Its energy needs continue to increase, but national energy shortages and an inadequate energy infrastructure could perpetuate national energy pov...
http://globalriskinsights.com/ 19 Jun 16
Political risk alive and well in the global oil industry
Despite innovation in the US oil patch, the big stories in oil still lie outside the US—where hydraulic fracturing and innovation in drilling technology are unlikely to play a major...
http://globalriskinsights.com/ 19 Jun 16
New round of sanctions likely to affect Russia’s energy projects
Russia’s continued support for Ukrainian separatists and the downing of Malaysian Airlines Flight MH17 over Eastern Ukraine are likely to escalate the conflict. It will only prop up Western determi...
http://globalriskinsights.com/ 19 Jun 16
Caspian Summit may revive Iran’s oil industry
Three previous Caspian Sea summits have failed to produce a consensus on the legal status of the regions natural resources. However, the discovery of energy resources near the Iranian Caspian...
http://globalriskinsights.com/ 19 Jun 16
Will the political will for energy reform in Eastern Europe last?
Russia’s actions in Ukraine and strained political relations with the EU has put energy security high on the agenda. Recent moves by several of Eastern European states suggest that the political w...
http://globalriskinsights.com/ 19 Jun 16
Four challenges for Namibia’s PM Geingob
Flush from Prime Minister Hage Geingob’s recent electoral victory, Namibia’s governing SWAPO party must address four major economic and social challenges that will make or break its future. In No...
http://globalriskinsights.com/ 19 Jun 16
African energy producers face oil price pressure
While importing countries’ consumers are rejoicing at cheap oil prices, oil-producing countries in sub-Saharan Africa are facing severe fiscal downturns from the drastic shift in the global oil ma...
http://globalriskinsights.com/ 19 Jun 16
Norway still optimistic over Arctic oil
The drastic fall in oil prices has made petroleum explorations in the Barents Sea seemingly unprofitable. Yet, despite severe economic, technological and environmental concerns, the Norwegian governme...
http://globalriskinsights.com/ 19 Jun 16
Iraq ten years on: full of potential yet politically unstable
Ten years after the U.S invasion Iraq continues to soldier on. The country has significant potential, yet remains politically unstable. It has been ten years since the U.S. invasion of...
http://globalriskinsights.com/ 19 Jun 16
Iran’s return to oil markets puts additional pressure on oil prices
The end of sanctions is a lifesaver for Iran’s economy, but oil producers will have to bear the additional brunt as new barrels flood the already oil-saturated markets. After seven...
http://globalriskinsights.com/ 19 Jun 16
After mining dam collapse, new risks arise for Brazil
New economic and environmental implications are inevitable for Brazil after the recent mining dam collapse in Minas Gerais, which could devastate the environment in  upcoming years. On November 5, 20...
http://globalriskinsights.com/ 19 Jun 16
Risks of Climate Change in MENA
Climate change poses grave macroeconomic risks for nations and regional financial firms in MENA. Greater investment in sustainable infrastructure and awareness of climate issues will be imperative to ...
http://globalriskinsights.com/ 19 Jun 16
U.S. paving the way to global LNG markets
With its first liquefied natural gas (LNG) export terminal set to go into production in December 2015, the United States is joining the competitive race for control over global natural gas...
http://globalriskinsights.com/ 19 Jun 16
The China slowdown: Who loses in the Middle East?
Recent volatility in China’s stock market signals investors’ general skepticism about the economy’s prospects. However, Middle East oil exporters may stand to lose the most if the growth of Chin...
http://globalriskinsights.com/ 19 Jun 16