…months to the liquefied natural gas market. A relatively warm winter in north Asia knocked down record high prices for LNG cargoes by half since October to levels not seen in three years. That situation…
Romgaz has expanded its development strategy for the next few years, with the main priorities being to develop its base activity of exploration and production, to harness the production of natural gas and electricity, develop storage activity and expand its business in the region.
The current regional context and the existing technical and innovative development make us a good candidate to become a partner in the exploitation of these technologies: Natural Compressed Gas (GNC), Liquefied Natural Gas (LNG) and power to gas.
Romgaz is facing a natural decline in the onshore gas resources it is exploiting.
Qatar Petroleum has invited three groups to bid for engineering procurement and construction packages on liquefied natural gas (LNG) mega-trains as it expands production at its North Field reservoir, the company said in a statement on Monday.
The first group invited is a joint venture between Chiyoda Corporation and Technip France S.A., the second comprises JGC Corporation and Hyundai Engineering and Construction Co. Ltd and the third Saipem S.p.A, McDermott Middle East Inc. and CTCI Corporation 19.
The power sector for the last decade has been marred by an inefficient energy mix, lack of a competitive bilateral market and an inefficient transmission and distribution system.
CPP is a fixed cost (debt servicing, insurance, fixed operational and maintenance costs, and working capital financing cost) reimbursed to the company for establishing and maintaining the power plant facility.
In case of local lending, it is indexed to Karachi Inter Bank Offer Rate (Kibor) and in case of foreign lending it is indexed to London Inter Bank Offer Rate (Libor) and any variation in the exchange rate.
In the booming market for super cooled natural gas, the most precious commodity is the ship.
Last winter, spot charter rates – the cost of renting a ship to transport LNG in real-time – soared to almost $200,000 per day in November compared to around $40,000 in May, squeezing those companies which had left it too late to secure vessels cheaply.
Energy groups including Shell, BP, China National Offshore Oil Corp (CNOOC), Cheniere and Gazprom, utilities Naturgy and Centrica and trading firms such as Gunvor and Trafigura are renting vessels for months or years and sub-letting some of them to competitors.
Big news was reported by Chevron Corporation (CVX) last week when the energy company said that it would acquire all of the outstanding shares of Anadarko Petroleum Corporation (APC) in a deal worth $33.0 billion.
The transaction is a big deal for Chevron’s shareholders because the acquisition adds to the company’s core strengths and points to production and free cash flow growth going forward.
The proposed acquisition of Anadarko Petroleum points to (free) cash flow growth a year after the transaction closes, though the energy company has not yet provided a specific guidance.