News Update PetroSync
Shell CEO Says Shale Gas to Take Longer to Develop than Expected
DAEGU, South Korea, Oct 15 (Reuters) – Royal Dutch Shell CEO Peter Voser said it will take a longer time than expected for the company to reap benefits from its shale gas projects ...
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API calls for faster progress on LNG export permits
Wednesday, Aug 14, 2013 Erik Milito, API director of upstream and industry operations, called on the Department of Energy (DOE) to move quickly to process a ...
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INPEX signs Liquefied Natural Gas (LNG)
Thursday, Aug 01, 2013 INPEX CORPORATION (INPEX) is pleased to announce today that INPEX signed a Liquefied Natural Gas (LNG) Sales and Purchase Agreement (LNG SPA) with Chubu Electric Power Company, In...
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Technip awarded contract for a 500,000 tons/year LNG plant in China
Thursday, Aug 08, 2013 Technip was awarded by Shaanxi LNG Investment & Development Co Ltd an engineering, design and procurement contract, worth approximately €35 million, for a mid-scale lique...
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Petronas Plans to Invest $20 Bln in Canada Gas Project
Malaysia's state oil and gas company Petroliam Nasional Bhd plans to invest $20 billion in its liquefied natural gas project in West Canada, one of the biggest investments a...
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Today's oil prices jump as supply worries rise in Middle East, Africa
Oil prices gained today due to worries arising from a possible supply disruptions in the Middle East and Africa. Brent crude rose by 31 cents to $103.31 a barrel, while US crude gained by 18 cents to $98.15 per barrel, reported Reuters. Oil production in Libya has...
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Petrovietnam Signs Myanmar Farm-out Agreement
HANOI - Petrovietnam Exploration Production Corp., or PVEP, said Tuesday it has signed an agreement with France's Maurel & Prom S.A. to transfer part of its interest in the M2 Mottana Block offshore Myanmar to the French company. ...
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Shell Proceeds with Philippines LNG Terminal Plan
Royal Dutch Shell Plc. has started work on a liquefied natural gas (LNG) import facility in Batangas, which could provide gas to power generation facilities with a combined capacity of as much as 2,000 megawatts. In a...
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API All Smiles over Ending SEC
The American Petroleum Institute (API) welcomed a decision by the U.S. District Court for the District of Columbia that will stop the U.S. Securities and Exchange Commission’s (SEC) implementation of Section 1504 of the Dodd-Frank Act. API and a coalition of ...
Read moreThailand PTT E&P Q2 earnings disappoint
BANGKOK: Thailand's top oil and gas explorer, PTT Exploration and Production Pcl (PTT E&P), missed market expectations with a 31% fall in quarterly net profit, highlighting the need for the energy company to ramp up production and bolster sales. ...
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