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LNG Canada on track

The LNG Canada liquefied natural gas project is on track for a final investment decision (FID) later this year, an official for the province of British Columbia said.The British Columbia-based project led by Anglo-Dutch Royal Dutch Shell in partnership with PetroChina, South Korea’s Kogas and Japan’s Mitsubishi Corp has an estimated development cost of C$40 billion ($31.03 billion). A FID was expected in late 2016, but was delayed due to falling oil and gas prices, between 2014 and 2016, which...



Aramco investing in new technologies

Saudi Aramco is actively pursuing and investing in several innovative and promising new technologies and initiatives, not only in oil, but also in its multiple uses, such as in transportation, petrochemicals, advanced materials, as well as in carbon emissions reduction. Speaking at the annual CeraWeek energy conference in Houston, President and CEO Amin H Nasser said: "Oil will maintain its key role in the global energy mix for the foreseeable future, despite the increasing growth of renewables...

In Brief

Petrofac CEO buys into firm’s sharesLONDON: Petrofac Chief Executive Officer Ayman Asfari has...




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