Australia Pacific LNG Runs 10% Above Nameplate Capacity During Operational Test

The Australia Pacific LNG terminal at the Port of Gladstone in Queensland has completed its 90-day operational test, during which time it produced, on average, more than 10% above nameplate capacity, Origin Energy said July 28.

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Australian Cooper Energy’s Sales Gas Production Falls Quarter on Quarter

Australian Cooper Energy’s sales gas production fell by 12% from 2.14 Petajoules in the March quarter to 1.89 PJ in the June quarter, the company said 27 July.

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Petronas Relinquishes Two Vietnamese Offshore Blocks

Malaysian Petronas has decided to relinquish two Vietnamese offshore oil and gas blocks to the host authority once the production sharing contract for the blocks expires on September 9, 2017, it said July 27.

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Exmar Takes Delivery of Caribbean FLNG

Belgian shipowner Exmar announced July 27 it took delivery of the Caribbean FLNG barge (CFLNG) earlier that day at China's Wison shipyard. CFLNG consists of a 500,000 tons per year floating liquefaction plant with 16,000 m³ of LNG storage and will remain moored at the Wison yard for now.

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Lossmaker Conoco 'Turns Corner' in 2Q

US major ConocoPhillips racked up a $3.4bn loss in the second quarter, it said July 27. That was three times its 2Q2016 loss of $1.1bn. However, impairments on legacy US shale asset sales made up much of its recent quarterly loss.

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