China Petrochemical Corp., Asia
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A disagreement between Israel and Cyprus over development of the Aphrodite gas reservoir is delaying the signing of a unitization agreement between the countries, designed to arrange the development of oil and natural gas reservoirs shared by the two countries and other cooperative energy efforts. Sources inform « Globes » that Minister of National Infrastructure, Energy, and Water Resources Yuval Steinitz, who was invited to Cyprus to discuss the promotion of joint projects for building a shared pipeline for exporting natural gas ...
Continue Reading ?Finnish gas transmission network operator Gasum has decided to scrap plans to build a regional LNG terminal in the Gulf of Finland as well as an undersea gas pipeline with Estonia, the Balticconnector.
Continue Reading ?China plans to create a new crude oil and liquefied natural gas pipeline transportation company by stripping these operations out from its three largest oil firms, the state-backed China Securities Journal reported on Thursday. The move is aimed at reducing such firms’ monopoly in the oil and gas market and improving competition, the newspaper reported without saying where it had obtained the information from. The newspaper said that the plan had been set, and was now being studied ...
Continue Reading ?Royal Dutch Shell’s dry hole in the Chukchi Sea may be disappointing to shareholders, but it’s potentially devastating to Alaska. The company’s decision to end
Continue Reading ?Norway’s Statoil laid the final pipe in the Polarled Pipeline at the Aasta Hansteen field at a depth of 1,260 metres in the Norwegian Sea, saying that the 482.4 kilometre long Polarled is the first pipeline on the Norwegian continental shelf that crosses the Arctic Circle and opens up a brand new highway for gas from the Norwegian Sea to Europe. Statoil also said that it is concluding the project with a 32% saving on the initial investment levels. ...
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