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Sunday, May 01, 2016

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Gorgon LNG to Restart Within Weeks

Chevron operated Gorgon LNG project will restart production in next few weeks. Joe Geagea, Chevron's executive vice president technology, projects and services divisions, told investors on Friday that despite the shutdown company's view on the ramp-up schedules for Gorgon's three processing lines had...

India's Essar Oil Plans to Double CBM Output

Essar Oil is looking to double coal bed methane (CBM) output in India to 1.8 million standard cubic metres per day (scmd) by end of current fiscal (Apr 1, 2016-Mar 31, 2017). The company wants to boost production to 2.5 million scmd during fiscal 2017-18. Essar plans to achieve this target by increasing...

Shell Exits Mongolia

Royal Dutch Shell issued an Exit Notice to UK-listed Petro Matad's 100% owned subsidiary, Central Asian Petroleum Corporation Limited, on April 28 exercising the exit option under the Farmout Agreement dated 7 April 2015 – originally signed by BG Group, now part of Shell – and therefore withdrawing...

Greater Caspian Weekly Overview (on NGE)