Posts Tagged ‘island’

Nigeria LNG lifts force majeure

by on November 16, 2012 9:10 am GMT
The measure had been in place since 4 October but was lifted last week, a Nigeria-based spokesperson for Shell, which has a 25.6% stake in Nigeria LNG, told Reuters.Force majeures remain in place on Forcados and Bonny Light crude oil streams, however, the news wire continued.Shell said in

Barbados set to award offshore pair to BHP Billiton

by on November 14, 2012 2:58 pm GMT
The areas - Carlisle Bay and Bimshire - are part of an effort by the Caribbean nation to find new oil and gas reserves and shore of its economy. Stuart indicated that the awards are the result of new offshore oil legislation which helped paved the way for the concessions.“The government

UPDATE 1-Exxon’s PNG LNG project cost balloon to $19 bln

by on November 11, 2012 10:45 pm GMT
Sun Nov 11, 2012 5:45pm EST * Forex, work stoppages fuel 21 pct jump in project cost * First LNG shipments still expected in 2014* Forecast capacity increased 5 pct to 6.9 mln t/yrSYDNEY, Nov 12 (Reuters) - The cost of Exxon Mobil's massive gas export project in Papua New Guinea will soar more than 20 percent

GDF Suez made Natural Gas discovery In Algeria

by on November 9, 2012 4:43 am GMT
November 2012Fiber-laden diverter system improves stimulation economics, enhances well performanceJairo Leal, Ataur R. Malik, Simeon Bolarinwa, Fadel Al-Ghurairi, Tomislav Bukovac, Brian Sinosic and M. Nihat GurmenUse of a new diverter in Saudi Arabia has greatly impacted engineering practices and enabled treatment volumes optimization. The system lowers total diverter