Qatar to Account for 30% of LNG Production

Wednesday, March 28, 2007
RasGas Managing Director said that Qatar's vast North Field is expected to produce 25b standard cubic feet per day (scfd) of natural gas by 2012 compared to the current 7bn scfd of natural gas, The Peninsula reported. While addressing the Qatar Financial Centre QFC, the director stated that Qatar will soon account for 30 per cent of the total liquefied natural gas (LNG) production in the world. He said that RasGas accounts for 21 million tons per year(mtpa) out of the 30 mtpa produced by qata, and by 2009, it will be producing 37 mtpa. As for insurance, he said that the total value of RasGas' insured assets is $19bn Of the $130bn expected to be splashed out by the state by 2012, $74bn or 56 per cent will be spent on energy and petrochemical projects, he added. Source: Middle East North Africa Financial Network

Offshore

US Offshore Lease Sale Yields $18 Mln in High Bids

Today’s U.S. oil and gas Lease Sale 248 garnered $18,067,020 in high bids for 24 tracts covering 138,240 acres in the Western Gulf of Mexico Planning Area, announced

Canada May Ask Far-offshore Drillers to Pay Extra

Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far offshore,

MISC Enters Thai Offshore O&G Market

Energy related maritime solutions and services provider MISC Berhad (MISC) has made inroads into Thailand’s offshore oil and gas market for the first time.

LNG

SMM 2016: World Premieres from around the Globe

Some 50,000 trade visitors from the whole of the world are expected in Hamburg for the start of SMM in less than two weeks. And once again, it is fully booked – with a total of more than 2,

Wärtsilä Re-gasification system for Norwegian Ship Conversion

Wärtsilä has been contracted to supply the re-gasification system for an FSRU (Floating, Storage, Re-gasification Unit) conversion project that Höegh LNG plans to carry out on a modern LNG vessel.

Höegh LNG Speeds up FSRU Conversion

Höegh LNG Holdings Ltd. today announced that it has signed agreements with Wärtsila Oil and Gas (EPCIC regas) and Moss Maritime (engineering) for its first FSRU conversion project,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair
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: 0.0593 sec (17 req/sec)