Temperature and pressure sensors from ABB’s UK Measurement Products business are helping to maintain safety at the world’s largest above ground liquid natural gas (LNG) tanks at National Grid’s Isle of Grain terminal. The four tanks, each holding 200,000 m3 of LNG, are 50 metres high, larger than th
Polish natural gas transmission operator Gaz-System could spend as much as zł.11 billion (1 Zloty = 0.350607 USD) on investments over the ne… (wbj) [mappress] Source: wbj, February 9, 2011;
Statoil today presented its fourth quarter results and its Strategy Update. Statoil’s fourth quarter 2010 net operating income was NOK 42.8 billion, compared to NOK 33.5 billion in the fourth quarter of 2009. In 2010, net operating income was NOK 137.2 billion compared to NOK 121.6 billion in 2009.
Statoil has found gas and condensate around two kilometres west of the Gullfaks South field in the middle sector of the North Sea. The size of the discovery is estmated at between 19 and 75 million barrels of recoverable oil equivalent. Plans call for tie-back of the discovery to existing infrastruc
In pursuance of the Agreement on the feasibility study for the Bulgarian section of the South Stream project the tender committee comprising representatives from Gazprom and Bulgarian Energy Holding EAD summarized the results of an open tender procedure for selecting a contractor to perform the feas
As announced last November, E.ON intends to use part of the proceeds from the sale of operations to reduce its group debt. In this regard, E.ON made a two-step offer to bondholders on 24 January to repurchase several bonds with a total nominal value of approx. € 7billion. The two-week term for the o
BG Group today reported its 2010 Fourth Quarter and Full Year Results. Full Year Highlights * Business Performance earnings per share up 18% * Strong cash flow from operations of $8.4 billion * Full year dividend increased by 10% to 21.60 cents per share (13.66 pence per share) * Excellent progress
BG Group will today present its Annual Strategy update and Fourth Quarter and Full Year 2010 results. Key points from the Annual Strategy update presentation * Exploration and Production (E&P): BG Group reaffirms its E&P long-term average growth range of 6-8% out to 2020, with the 7% mid-point now a
Bulgarian President Georgi Parvanov has called for work on the project to supply Azerbaijani LNG from Georgia to Romania to be stepped up… (news.az) [mappress] Source: news.az , February 8, 2011;
Repsol has been chosen as Best European Energy Company for Leadership according to a study carried out by the International consulting firm Hay Group. This study, entitled Europe’s Best Companies for Leadership, evaluates the best companies on the continent in terms of the quality of their executive
Today, the world’s biggest submarine pipeline plough, PL3, arrived in the Baltic Sea on the deck of mother ship Far Samson. The subsea plough will be used to entrench the Nord Stream Pipeline in Swedish and Danish waters. Lowering of the pipeline below seabed level using PL3 ensures that the pipelin
The well is drilling ahead at a depth of 3,364 metres with continuous background gas and connection gas up to 20% by volume. Following the gas kick at 3,332 metres, the mud weight was increased to 1.35 s.g (specific gravity) and drilling resumed. A further gas kick occurred and mud weight was again
The Aamira LNG carrier, with a capacity of 266,000 cubic metres, is due to arrive in the UK’s South Hook terminal February 14, according to the Milford Haven Port Authority website. The South Hook terminal can process 15.6 million tonnes of LNG a year and is capable of delivering 21 billion cubic me
LNG Energy Ltd. is pleased to announce that its wholly owned subsidiary, Kaynes Capital S.a.r.l. has entered into an agreement to acquire a 50% interest in Joyce Podlasie LLC and a 50% interest in Maryani Podlasie LLC from Source Energy Partners LP for US$4 million. Joyce indirectly holds an undivid
