CNOOC Signs LNG Delivery Agreement

Monday, October 30, 2006
China National Offshore Oil Corp (CNOOC) has signed an LNG delivery agreement with Shell, Total and French energy company Suez. The company has signed the LNG spot delivery master agreement with the three companies. The agreement will lead these companies into China's LNG spot market, and make a reasonable profit for them. Australia's Santos signs production sharing contract in Vietnam Santos Ltd said it has signed a production sharing contract with the Vietnam Oil and Gas Corp (Petrovietnam) for an exploration site in the Song Hong basin, offshore Vietnam. Santos, Australia's second largest oil and gas company, will conduct the exploration and hold a 55 pct interest while Singapore Petroleum Co Ltd will hold the remaining 45 pct share. Under the agreement, the partners will process and interpret existing seismic data, acquire and process new three-dimensional seismic data, and drill one exploration well within the first three years of exploration.

The total term of the contract is 30 years with an exploration period of at least seven years. This latest contract for Santos follows recent oil and gas discovery at Dua in the Nam Con Son basin.

Maritime Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Rickmers-Linie Completes Recertification

Rickmers-Linie, the Hamburg-based specialist in worldwide liner services for heavy lifts and project cargoes, has successfully completed audits by DNV GL which took place between 3 and 5 November.

Sandra Could Reach Hurricane Strength

Interests in southern portions of the Baja California peninsula have been advised to monitor the progress of Sandra, as Tropical Storm or Hurricane Watches may

Seagull's Software Tool for Benchmarking Seafarers Knowledge

Seagull Maritime has launched an advanced software tool able to benchmark seafarer knowledge levels, allowing shipowners and operators to compare their crew


Deltamarin to Designs First LNG Handysize Bulk Carriers

Deltamarin Ltd proudly announces that it has signed a contract to design the world’s first LNG handysize bulk carriers, which will point the way towards greener shipping of commodities.

Swan Energy to Invest $845 mln for FSRU Terminal

Swan Energy Limited will invest around Rs. 5,600 crore ($845 mln) towards setting up of Jafrabad LNG Port project in Gujarat with one jetty-moored Floating, Storage and Regasification Unit (FSRU).

Alaska Buys TransCanada AK LNG Stake

The State of Alaska has finalized a deal with TransCanada to buy out the pipeline company's share in the proposed Alaska liquefied natural gas export project for nearly $65 million.

Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Port Authority Salvage Ship Electronics Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0689 sec (15 req/sec)