UK

Definition “Take-or-Pay Contract” is one of the three most used LNG contracts type, see comments below. Take-or-Pay Contract are written agreements between a buyer and seller that obligate the buyer to pay regardless of whether or not the seller delivers the good or service. Generally, this obligation to pay does not involve the full amount due […]

Sabine Pass LNG Terminal opens overseas export to Shale gas production Originally planned to be a LNG  Import Terminal the Sabine Pass LNG project in Lousianna,USA, had been left in stand by for a while, until the Shale gas industry managed to put the domestic gas prices down below $4 per mmBTU with a great […]

TAQA, the Abu Dhabi National Energy Company, UAE, has announced to increase capital expenditures from $1.9 billion in 2011 to $2.2 billion in 2012. These investments will go to expend on going projects in Western Canada, North Sea, Netherlands, Morocco and Ghana.  TAQA’s Oil & Gas operations are located in North America, UK and the […]

While the oil and gas production came down in 2011 by 18% to 1.8 million boe, the companies keep high ambition in the North Sea. In its 2012 survey, Oil & Gas UK collected input from the operators and estimated that the capital pending in the North Sea should reach a record high level to […]