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News Archive for: June 2013

Chevron confirms first cargo from Angola LNG:

Chevron Corporation’s subsidiary Cabinda Gulf Oil Company Limited confirmed that initial production of liquefied natural gas (LNG) has commenced at the Angola LNG project. Angola LNG is one of the largest energy projects on the African continent.

‘First gas at Angola LNG is an important milestone in support of our…

UK can absorb short term costs to protect long term oil and gas industry future:

Scotland Office Minister David Mundell insists the UK Government is using its global influence and domestic policies to help secure the future of the oil and gas sector.

Taking a thinly-veiled swipe at the SNP’s independence plans, the minister claims only the UK can deliver the support required over a…

Centrica takes stake in Cuadrilla shale licence in £160m deal:

The British Gas owner has paid £40m for two subsidiaries, one from Cuadrilla and the other from Australian engineering group AJ Lucas, which owns a quarter of licence.

Under the agreement on Thursday, Centrica will cover exploration and appraisal costs of up to £60m and will pay Cuadrilla and AJ…

Scottish oil and gas strategy progress hailed:

The Scottish Government has welcomed progress in its oil and gas strategy one year after it was launched.

Energy Minister Fergus Ewing, speaking last night before a visit to Aberdeen, said decades of experience recovering oil and gas from the challenging North Sea had given Scottish firms the expertise needed…

UK Government Launches Review of UK North Sea Oil & Gas Industry:

The U.K. government is launching the first review in more than 20 years of the country’s offshore oil and gas industry to ensure that the sector, which is a vital contributor to the U.K. economy in terms of tax revenues and jobs, maintains momentum at a time of economic…

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