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Petronas considering abandoned Shell site for Pacific NorthWest LNG
Malaysia's Petronas is considering building its stalled Pacific NorthWest LNG export facility at the site of an abandoned Royal Dutch Shell LNG project in British Columbia, Canada. In a March 31 interview quoted in international media, Petronas' CEO, Wan Zulkiflee Wan Ariffin, said Shell's Ridley I ...Ineos agrees deal for Forties Pipeline System
Ineos has agreed to pay up to US$250 million for BP's Forties Pipeline System (FPS) and associated Kinneil Terminal in the UK North Sea. The deal will see Ineos assume responsibility for transporting around 40% of the UK's oil and gas production, the firm said on April 3. Ineos will pay US$125 mil ...HNA buys 51% of Glencore storage, logistics business
Commodities trader Glencore has sold a 51% share of its oil product storage and logistics business to China's HNA Innovation Finance for US$775 million in cash. The deal marks the inauguration of the Chinese firm, with the agreement being signed at the foundation ceremony for the new company on Marc ...Rosneft and LUKoil launch drilling in the Arctic
Russian oil rivals Rosneft and LUKoil are preparing to launch drilling work within days at the northern tip of the Taimyr Peninsula. Recent years have seen Russia's two largest oil producers jostle for supremacy in the underexplored region, known for its extreme weather and lack of infrastructure. ...Judge overturns decision on Pennsylvania water pollution
In an unusual move, a federal judge has overturned a US$4.24 million jury award and has ordered a new trial in the case of two Pennsylvania families who alleged that their water had been polluted by hydraulic fracturing being carried out by Marcellus shale driller Cabot Oil & Gas. Magistrate Judge ...
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