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Japan: Osaka Gas Eyes U.S. LNG

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Japan’s Osaka Gas is in negotiations to buy liquefied natural gas from Dominion Resources, Sempra Energy and Freeport LNG in the United States, Bloomberg reported, citing Tetsushi Ikuta, general manager of Osaka Gas energy resources and international business development.

He said that Osaka Gas may invest in planned LNG terminals in Maryland, Louisiana and Texas.

Osaka Gas said recently that it plans to purchase 7.19 million mt of LNG during fiscal 2012.

The company also plans to invest 290 billion yen (3.49 billion U.S. dollars) in LNG storage facilities and laying pipelines in five years from fiscal 2012-2016.

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UK: Wellbore Clean Up Specialist Eyes Turnover Increase

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Aberdeen-based oilfield services firm Coretrax Technology Limited has secured over £1.2million of contracts since the start of the year and expanded its team to 12 people.

Coretrax specialises in innovative oilfield services to the completion, cementing, abandonment and wellbore clean up sectors both in the North Sea and globally. The contract wins are for projects in the North Sea utilising Coretrax’s innovative wellbore clean up tools and chemicals.

The team in Aberdeen has also expanded with the appointment of a new business development manager and offshore supervisor both bringing many years of oil industry experience to the company. Coretrax plans to recruit a further 6-8 new staff in 2012 including a second graduate in design engineering.

Kenny Murray, director and founder of Coretrax, said: “We have had a really promising start to the year and I’m delighted with the new members who have joined the Coretrax team. Our focus this year is continual R&D to expand our range of products and services to provide solutions to operators with our team of engineers globally.

“Our innovative approach to wellbore clean up has also led to successful projects globally and we are completing successful contracts in Africa, Middle East and Asia. We will continue to expand both internationally and in the North Sea with on-going recruitment and new premises this year.”

Formed in 2008, Coretrax is a finalist in the ‘new idea’ category of SPE’s Offshore Achievement Awards taking place in Aberdeen this month. The company forecasts a turnover of £3million this year.

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Japan Eyes LNG from 3 U.S. Terminals

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Japan is in talks to buy a part of the combined 30 million mt a year of LNG from Cameron in Louisiana, Cove Point in Maryland and Freeport terminal in Texas, Bloomberg reported, citing Hisayoshi Ando, director general of natural resources and fuel at the country’s trade ministry.

Japan is facing an unprecedented crisis,” he said.

We are asking the U.S. to consider our circumstances and allow Japan to import from terminals from the U.S. mainland,” he added.

Japan’s LNG imports reached 8.15 million mt in January, a rise of 28.2 percent compared to a year earlier.

The country’s monthly LNG imports have been rising steadily year on year, due to the devastating earthquake and tsunami in March 2011.

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