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Alaska LNG project reduces construction cost estimate

Alaska Gasline Development Corporation (AGDC) has announced an updated $38.7 billion cost estimate for the Alaska liquefied natural gas (LNG) project. The company says...

ExxonMobil reduces 2020 Capex and Opex

ExxonMobil will reduce its 2020 capital spending by 30% and cash operating expenses by 15%, the company announced. The company originally set its 2020 capital...

PNG Government Green Lights Papua LNG Gas Agreement

Papua New Guinea’s government announced its official support for the Papua LNG Gas Agreement. The announcement came from the Minister for Petroleum, Kerenga Kua....

ExxonMobil to support China’s Energy needs through SPA

Zhejiang Energy entered into a 20-year Sales and Purchase Agreement (SPA) with ExxonMobil. Under the SPA, ExxonMobil will supply one million metric tons of...

McDermott, Chiyoda & Zachry secure over $1 Billion for Golden Pass...

Joint venture partners McDermott International Inc., Chiyoda International Corporation and Zachry Group have secured a contract with Golden Pass Products LLC worth over $1.0...

Final Investment Decision made for Golden Pass LNG

ExxonMobil and Qatar Petroleum finalized their decision to move forward with the Golden Pass LNG export project. Qatar Petroleum holds a 70% interest while...