Monday, September 26, 2011



GE Technology selected for largest floating LNG platform 
GE Oil & Gas has entered into an agreement with Technip to supply two steam turbine-driven compressors for the Shell Prelude Floating Liquefied Natural Gas (FLNG) project | 

Iran to export LNG to China & India
 Iran is currently negotiating with 9 international companies to export LNG while China and India have requested to buy Iran’s LNG, Mehr News Agency reported quoting Managing Director of Iranian LNG Corporation Ali Kheyrandish as saying | Trend 

Mongolia presses on key mine project 
The government of Mongolia is seeking a bigger stake in Oyu Tolgoi, the biggest undeveloped copper mine in the world, in a surprise move that underlines the challenges ahead for Rio Tinto and Ivanhoe Mines as they develop the country’s flagship mining project | Financial Times 

Transocean’s semi-submersible rig arrives Nigeria 
Transocean’s GSF Rig 140 has arrived in Nigeria to undergo the planned 80-day maintenance and upgrade at Snake Island, Lagos. This is the first time in the history of the petroleum industry in Nigeria that a semi-submersible drilling unit will undergo maintenance of this magnitude in Nigeria | Business Day

Zambia’s new president worries miners 
Mining companies are waiting anxiously as Michael Sata, Zambia’s new president, settles into office, wary that the former opposition leader may put past threats against foreign investors into practice now that he has been elected | Financial Times

PetroChina aims to pump 1 bcm of shale gas in Sichuan in 2015 
PetroChina hopes to produce 1 billion cubic metres of shale gas in 2015 from southwest China's Sichuan basin, a company executive said on Sunday, giving the country its first major commercial production of shale gas |

Argentina: Canoel signs MoU for Argentinian oil producing properties 
Canoel International Energy has signed a memorandum of understanding with respect to the proposed acquisition of a private corporation which indirectly holds a 55% interest in certain Argentinean oil producing properties, for cash consideration of USD$1,456,000.00 and warrants entitling the holders to acquire up to 750,000 shares of the Company at an exercise price of $0.15 per share | Energy-pedia

Iran halts exports to Turkey
 Iran has halted gas exports to Turkey after Turkish authorities requested a halt to enable them to check for a possible pipeline fault, the Iranian Oil Ministry website Shana has announced | Upstream Online

China considers shale policy shift 
China may treat shale gas as separate from conventional hydrocarbons to encourage companies outside of state-owned industry to invest, government officials said on Sunday | Upstream Online

Could Russia pipe gas to Seoul via North Korea? 
Looking at the map, it is a no-brainer. Less than 700km (435 miles) separate one of the world's biggest energy producers and one of its neediest consumers | BBC

Recent Discoveries Put Americas Back in Oil Companies' Sights 
RIO DE JANEIRO - Brazil has begun building its first nuclear submarine to protect its vast, new offshore oil discoveries. Colombia's oil production is climbing so fast that it is closing in on Algeria's and could hit Libya's prewar levels in a few years. ExxonMobil is striking new deals in Argentina, which recently heralded its biggest oil discovery since the 1980s | New York Times

Tanzania, Uganda plan 16 MW joint power plant
Tanzania and Uganda have signed an agreement to build a 16 megawatt (MW) hydropower plant on a river shared by the two east African countries | Businesday

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