North West Shelf Venture and Kyushu Electric sign LNG heads of agreement Feb 26, 2007
The North West Shelf Venture participant companies and Kyushu Electric Power Company, Incorporated of Japan have signed a heads of agreement for the ongoing supply of liquefied natural gas from Australia’s largest resources project.

Unicorp signs agreement for South Texas prospect with 3.5 Bcf of potential gas reserves Feb 23, 2007
Houston, Texas based Unicorp, Inc. has entered into an agreement that identifies and provides engineering, technical and intellectual data, including 3D seismic, on a new prospect located in South Texas with estimated gross reserves of 3.5 Bcf of gas.

Golar LNG sells Newbuilding Feb 21, 2007
Golar LNG announces an agreement to sell its existing interest in new building DSME hull number 2244 to Maran Gas for the gross consideration of approximately $92.5 million, this represents an implicit vessel price of $201 million.

Pakistan signals LNG building, transport tender Feb 20, 2007
The government of Pakistan is taking bids from experts in the transport of liquefied natural gas, or LNG, it was learned Tuesday.

NGC signs 3 new gas purchase contracts Feb 19, 2007
The National Gas Company of Trinidad and Tobago Limited (NGC) has concluded negotiations with three upstream producers - BHP Billiton consortium, EOG Resources and BG/Chevron - for the supply of 550 MMscf/d of natural gas commencing in the 2009/2010 timeframe. This incremental gas supply will grow NGC’s portfolio of gas supplies to exceed 2.1 Bcf by 2010.

NGAS Resources proved reserves top 100 Bcfe Feb 15, 2007
NGAS Resources, Inc’s year-end 2006 proved reserves increased 34.4% to a record 100.9 billion cubic feet equivalents (“Bcfe”). Proved reserves were 97% natural gas, with 41% attributable to proved developed reserves. In accordance with SEC guidelines, reserve estimates do not include any probable or possible reserves from the Company’s non-proved properties, which represent approximately 63% of its acreage.

Norway's “zero-emissions” rules go to print Feb 14, 2007
The rules of Norway’s new “zero-emissions” operations offshore have been quietly published, and, judging by documents read by OilGas24, the new ethos looks a lot like those in other sectors of the North Sea oil province.
By WILLIAM STOICHEVSKI

Eni signs with Nigeria LNG the agreement for the purchase of 2 billion cubic meters per year of liquefied natural gas (LNG) Feb 14, 2007
Eni signed a twenty years Sale and Purchase Agreement (SPA) with Nigeria LNG (NLNG) Limited for the acquisition of 1.375 Million Tonnes per year (equivalent to approximately 2 billion cubic meters per year) of liquefied natural gas (LNG).

BG Italia arrests cloud gas pipeline, terminal Feb 13, 2007
The construction of a BG gas pipeline from a planned liquefied natural gas facility appeared to suffer a setback Tuesday, after the arrest for alleged bribe-taking of a BG Italia chairman and two former managers.

India's natural gas production to double by 2009 Feb 12, 2007
Indian petroleum minister Mr Murli Deora, has informed the Parliamentary Consultative Committee (PCC) attached to his ministry that with exploration and development efforts made under NELP, natural gas production in the country is likely to be doubled from the present level of about 95 million cubic metre per day to over 190 million cubic metre per day by March 2009.

COSCO wins heavy lift vessels contract valued at US$185.2 million Feb 12, 2007
COSCO Corporation (Singapore) Limited, a leading ship repair & marine engineering and shipping group, announces that its 51%-owned subsidiary, COSCO Shipyard Group has secured a contract from Chinese- Polish Joint Stock Company (Chipolbrok) to build four 30,000dwt MPP heavy lift vessels (HLV) The contract is valued at US$185.2 million (approximately S$287 million).

Eidesvik bags PSV contract from Total Feb 12, 2007
Eidesvik Offshore ASA has through Maritime Logistic Services AS received a Letter of Intent from Total E&P Norge AS for a Time Charter Party for the Platform Supply Vessel (PSV) VS 493 LNG-Avant.

Gas, wind harvest for UK Cumbrian coast Feb 9, 2007
A first-ever gas-and-wind-power offshore energy project was launched Friday by U.K. Energy Minister Lord Truscott, as Eclipse Energy’s 30 turbines gear up to generate power for 70,000 homes.

FX Energy signs joint venture agreement with PL Energia S.A. to develop Poland Gas Project Feb 6, 2007
FX Energy, Inc. today announced plans to re-enter three Rotliegend gas wells in the Grabowka gas field in the Company’s Fences III project area. Originally drilled by the Polish Oil and Gas Company (PGNiG) in 1983-85, the wells were tested for production but never produced commercially.

India's ONGC joins hands with Gail to lay gas pipeline Feb 5, 2007
India’s exploration giant Oil and Natural Gas Corporation (ONGC) is getting into pipeline construction. The state owned explorer has approved a proposal to ink an memorandum of understanding (MoU) with state-owned gas utility GAIL (India) Ltd for forming a joint venture that will lay pipeline networks for transporting and marketing gas from flagship explorer's new finds in the Krishna-Godavari and Mahanadi basins off the Andhra and Orissa coasts respectively.