AG&P Breaks Ground on Karaikal Port LNG Facility in South India
AG&P breaks ground on Karaikal LNG.
Asian Spot Prices for LNG Take a Dive
Asian spot prices for LNG took a dive to multiyear lows, feeling the pressure of the lack of demand. Holders of previously agreed upon long-term buyer contracts seek renegotiation.
Total Expands Partnership With Adani on India’s Gas Market
The agreement—in which Total will reportedly pay $600 million for a 37.4% stake in the Indian gas conglomerate—boosts the supermajor’s LNG market access in India and neighboring countries. It is the latest move in Total’s aggressive expansion of its LNG portfolio.
Tellurian Signs $7.5-Billion Deal With India’s Petronet LNG
India’s Petronet LNG Ltd. signed a $7.5-billion agreement to buy into Tellurian Inc.’s proposed LNG terminal in Louisiana in what is described as potentially one of the largest foreign investments in the US to ship shale gas abroad.
McDermott Completes First Installation Campaign for R-Cluster Project Offshore India
Completion comes despite two cyclones disrupting the project area during installation, McDermott said.
Kreuz, Seamec Mobilize Vessel for ONGC Offshore Project
As part of a 2-year deal, the Kreuz Glorious will help with the inspection of offshore jackets in the Arabian Sea. Kreuz will also provide personnel for project management and offshore construction.
Reliance Awards McDermott Contract for KG-D6 Subsea Development
McDermott announced a letter of award for a contract from Reliance Industries for the deepwater KG-D6 subsea field development in the Krishna Godavari Basin.
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