Qatar Commits to $13 billion LNG Project

Monday, November 21, 2005
Persian Gulf emirate Qatar will invest about $13 billion to boost liquid natural gas production by 40 percent, according to a Monsters and Critics report. Qatar Petroleum and ExxonMobil Corp. jointly formed Ras Laffan Liquefied Natural Gas Co., or RasGas, to supply a soon-to-be built LNG re-gasification terminal on the U.S. Gulf of Mexico coast. Recently, RasGas let contracts for an expansion of Ras Laffan Industrial City facilities that will process natural gas from Qatar`s giant North Field, according to the report. Among those contracts is one awarded to Fluor Corp. for engineering, procurement and construction management in the building of six LNG trains. The Fluor contract has a potential value of about $1 billion. Source: Monsters and Critics

Offshore

GoM Operators Evacuating Ahead of Storm

Offshore oil and gas operators in the Gulf of Mexico are evacuating platforms and rigs in the path of Tropical Depression No. 9.   The Bureau of Safety and Environmental

New Offshore Gangway Launched at ONS

The new Barge Master Gangway will be presented at the joint booth of Barge Master and Bosch Rexroth during the international offshore trade exhibition ONS (Offshore Northern Seas) in Stavanger.

Russian Shipbuilder Signs $1 bln Oil Rigs Contract with Iran

Russian shipbuilder Krasnye Barrikady and Iran's Tasdid Offshore Development Company (TODC)  have signed a deal worth $1 billion to build five offshore drilling

LNG

Gasum, Wärtsilä Join Forces to develop Gas Value Chain

New joint co-operation between Gasum and Wärtsilä aims to develop the utilization and distribution of natural energy gases in marine and land markets. Gasum,

BP, ExxonMobil, ConocoPhillips 'Quit' Alaska LNG Project

BP, Conoco Phillips, and Exxon Mobil said that the 65-billion dollar megaproject would be too unprofitable for them to move into the next phase of development.

Viking Grace Marks 1,000 LNG Bunkering Milestone

From the very beginning, the M/S Viking Grace – delivered in January 2013 – was an environmental milestone.   The vessel attracted global attention as an environmental

 
 
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