GLG News by LNG Experts

Gene Kliewer, Technology Editor, Subsea & Seismic reported in Offshore Magazine on December 3 on an address at the opening ceremony of the Deep Offshore Technology Asia/Pacific. The speaker John Smith, CEO of Clough, asked whether deep offshore operations were feasible from a market rather than...

Oilvoice News reported on November 28 an announcement by PT Chevron Pacific Indonesia that Area 12 of the North Duri field had begun to produce crude oil on November 14. Chevron produces nearly half of the nations production. By 2012 production from this area will increase to 34,000 bbl/day. Next year...

The staff of Offshore Magazine in Houston reported on December 1 that Callon Petroleum Company will suspend operations in the Entrada field located in Garden Banks 782 block in the deep water of the Gulf of Mexico. Higher costs and lower crude oil prices have caused a serious decline in the project’s...

The analysis of our colleagues gives us a good look at the expense side of the YRC segment, but how about the freight demand versus availability capacity side? This raises the real question of “what the right amount of capacity” for the foreseeable future? Then who is better able to address it?

Jad Mouawad in New York reported in the November 28 issue of the International Herald Tribune that for the first time in a decade, OPEC members face a test of their unity. Falling crude oil prices, reduced demand and declining revenue are on their collective minds. Although these three distressing factors...

Marcus Hand reported in the Lloyd’s List Newsletter on November 27 that Keppel Offshore and Marine announced that Scorpion Offshore, Seadrill and Ezra Holdings are in talks to possibly cancel rig and support vessel contracts worth $871 million. The two jack up contract is valued at $420 million. The...

ABF Freight said in a recent press conference that they will only buy Selective Catalyst Reduction (SCR) technology for 2010. All US manufacturers will be going with SCR with the exception of Navistar. They are utilizing advanced Exhaust Gas Recirculation (EGR) along with emissions trading. In the world...

In September of 2006, a group of doomsayers in Pisa, Italy predicted the end of the Oil Age. Proponents of the theory say that oil production is at or near its peak. Some geologists think that production has already declined. The peak oil "movement" is an alliance of geologists, physicists, oil industry...

Rigzone News reported on November 18 a summary of a report prepared by AFX News Limited regarding possible participation in a Russian liquefied natural gas (LNG) project by U.S. majors Exxon Mobil (XOM) and ConocoPhillips (COP). Alexander Medvedev, deputy chairman of Gazprom said that the project in...

Navios' prediction that up to half of the dry bulk orderbook through 2010 will be canceled won't happen.