Interconnections that run both ways have become as important as having more secure natural gas supplies, Maros Sefcovic, vice-president of the European Commission’s Energy Union, said on June 25 in Washington, DC. Source: News

Floating LNG (FLNG) plants converted from existing vessels can come online at a price comparable to low-cost onshore plants. At current LNG prices, however, there is little room for larger newbuild FLNG’s and even conversions face uncertain prospects. Source: News

PT Chandra Asri Petrochemical Tbk (CAP) subsidiary PT Chandra Asri Perkasa (CAP2) has let contracts to McDermott International Inc. to provide process technology for CAP2’s planned petrochemical complex in Indonesia. Source: News

The light, sweet crude oil contract for August delivery reached its highest level since November 2014, settling above $74/bbl on the New York market June 29 while Brent crude oil for August delivery settled at nearly $80/bbl in London.  Source: News

Young process engineers and operators—and even more tenured ones—find themselves doing their jobs the way they do them because that’s how they’ve been told to do them. Source: News

BP PLC and its partners announced they started natural gas production from Shah Deniz Phase 2 offshore Azerbaijan. The $28-billion project is the first Caspian Sea subsea development. Shah Deniz 2, expected to produce 16 billion cu m of gas/year, is the starting point for the Southern Gas Corridor series of pipelines that will deliver […]

Sharjah National Oil Corp. (SNOC) is seeking international partners for exploration and development of three onshore areas covering much of the emirate. One of the areas, 437-sq-km Area A, contains Sajaa, Moveyeid, and Kahaif natural gas and condensate fields, found by the former Amoco Corp. and operated now by SNOC. Source: News

Oil and gas companies operating in the Malaysian state of Sarawak must apply for licenses from the state by the end of next year, according to a July 1 statement from Chief Minister Datuk Patinggi Abang Johari Tun Openg. Until then, companies may conduct business as usual, meaning under agreements with the country’s state-owned Petronas, […]

With the good usually comes the bad. As reported here last week, much good has occurred for the oil and gas business in the first 18 months of Donald Trump’s presidency. Most of it results from relaxation of a regulatory squeeze applied by the prior administration. Source: News