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World’s biggest FLNG starts

Royal Dutch Shell said it has begun output at its Prelude floating liquefied natural gas (FLNG) facility in Australia, the world’s largest floating production structure and the last of a wave of eight LNG projects built in the country over the last decade.Though the project started up later and cost more than originally estimated, it is expected to further cement Australia’s lead as the world’s biggest LNG exporter, after the country took the crown in November. In a statement, Shell said wells...

Restructuring for Noble

Noble Group, the once mighty commodity trader, completed its drawn out $3.5 billion debt...

Lukoil drills shallow Caspian waters

Alexander Oboronkov leapt at the chance to work on the Filanovsky platform after it was launched in...

ExxonMobil shelves Canada LNG export project

US oil major ExxonMobil Corp has withdrawn its WCC liquefied natural gas (LNG) export terminal in...

French court fines Total

A Paris court fined French oil and gas group Total 500,000 euros ($570,000) for bribing foreign...

Guyana and Exxon in talks

Guyana’s government is 'in discussion' with Exxon Mobil after two ships searching for oil off the...



CRT completion a big triumph for Sadara

By K S SreekumarSadara Chemical Company, a ‘game changer’ in the chemical industry, has safely and successfully completed the Creditors Reliability Test, or CRT, a monitored exercise to show the company’s financial backers that it is capable of running all its market facing plants in excess of 90 per cent of design rates for a period of at least 60 days.Sadara CEO Dr Faisal Al-Faqeer rates the CRT as Sadara’s top achievement of 2018 when it was completed on December 17."Successful completion of...

In Brief

Bahrain oil products free from VAT MANAMA: Bahrain will exclude oil products from a...




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