Malaysia’s state-owned Petroliam Nasional Berhad, aka Petronas, has struck a $7 billion liquefied natural gas (LNG) supply deal with China National Offshore Oil Corp. (CNOOC) that includes cargoes from the LNG Canada facility currently under construction in British Columbia. Under the terms of the deal, Petronas would supply 2.2 million metric tons per year (mmty)…
Articles from Petronas
Malaysia’s state-owned Petroliam Nasional Berhad, aka Petronas, has increased its ownership of Montney shale production destined for liquefied natural gas (LNG) exports from British Columbia (BC) and added a Canadian price benchmark to its international marketing. Japan Petroleum Exploration Co. Ltd. (Japex) announced that it would sell its 10% share in a BC supply partnership…
Australia-based GLX, an online trading platform for liquefied natural gas (LNG), plans to work with the energy price-reporting arm of IHS Markit to start up an end-to-end trading solution to transact physical cargoes.
Cheniere Energy Partners LP on Tuesday said it has secured another liquefied natural gas (LNG) supply contract that may help to advance building the sixth train at the Sabine Pass export facility in Cameron Parish, LA.
International Swiss trading firm Vitol Group, one of the largest energy traders in the world, has stepped forward as a customer for liquefied natural gas (LNG) from the 25% share in the LNG Canada project owned by Malaysia’s state-owned Petronas.
After dropping out for 10 months, Malaysia’s state-owned energy conglomerate on Thursday rejoined the lineup to start liquefied natural gas (LNG) exports from the Pacific coast of British Columbia by enlisting in the terminal project led by Royal Dutch Shell plc.
Pacific NorthWest LNG canceled plans Tuesday to build a C$11.4 billion ($9 billion) liquefied natural gas (LNG) export terminal on the Pacific coast of British Columbia, citing unfavorable overseas market conditions.
Schlumberger Ltd.is collaborating with a subsidiary of Malaysia’s state-owned Petroliam Nasional Berhad (Petronas) on a deepwater multi-client survey in Mexico’s Campeche Basin in the southern Gulf of Mexico. The agreement would license to Petronas part of a wide-azimuth survey conducted by Schlumberger’s seismic business, WesternGeco. The project, Schlumberger said, follows the Mexican government’s decision to license offshore and onshore areas to private entities (see Daily GPI, Sept. 12). More than 80,000 square kilometers, or close to 31,000 square miles, of data have been acquired in the southern Gulf over the last 12 months, the oilfield services operator said.
The leading contender to build Canada’s first liquefied natural gas (LNG) export terminal on the Pacific Coast of British Columbia (BC) stepped aside Wednesday, saying “challenging” markets prevent making a big commitment.
Affiliates of China Petrochemical Corp. (Sinopec) are acquiring a 15% interest in Progress Energy Canada Ltd.’s gas reserves in northeast British Columbia (BC) and in the proposed Pacific NorthWest LNG Ltd. (PNW LNG) export terminal on Canada’s West Coast.