Oil Search today announced its activities report for the quarter ended 31 December 2011. Highlights In early December, the operator of the PNG LNG Project, Esso Highlands Limited, a subsidiary of Exxon Mobil Corporation, confirmed that good progress is being made on all aspects of the Project and th
Petrobras issued a statement regarding the news published by the press regarding a possible change in the Company’s Executive Board. Petrobras’ Board of Directors president, Guido Mantega, already informed that the current Gas & Energy Director, Maria das Graças Silva Foster, will be indicated as Pe
The Gazprom Board of Directors took notice of the information relevant to administrative barriers and obstacles impeding the Company’s growth and deriving from the European Energy Charter, established rules for acquisition of stakes in Europe’s gas transmission systems as well as from the limitation
ConocoPhillips today announced preliminary 2011 organic net proved reserve additions of 738 million barrels of oil equivalent (BOE). This represents an expected organic reserve replacement ratio of 120 percent of 2011 production. “Replacing our 2011 production with new reserves reflects the success
Today in Krasnaya Polyana Alexey Miller, Chairman of the Gazprom Management Committee and Rovnag Abdullayev, President of the State Oil Company of Azerbaijan Republic (SOCAR) signed in the presence of Russian President Dmitry Medvedev and Azerbaijani President Ilkham Aliev an addendum to the effecti
Chesapeake Energy Corporation today provided an update on additional steps it is taking to continue creating shareholder value in response to the lowest natural gas prices in the past 10 years. First, Chesapeake plans to further reduce its operated dry gas drilling activity by 50% to approximately 2
Halliburton announced today that income from continuing operations for the fourth quarter of 2011 was $921 million, or $1.00 per diluted share, excluding a $15 million charge, after-tax, or $0.02 per diluted share, for an environmental-related matter included in Corporate and other. This compares to
Gail India, the nation’s biggest natural gas distributor, plans to purchase four spot cargoes of LNG in January-March period, Reuters reported today. Gail is in talks with Macquarie Energy to buy LNG from Freeport LNG Development LP’s proposed terminal in the US, GAIL’s chairman B. C. Tripathi recen
Höegh LNG said today that it has been informed by AB Klaipedos Nafta that it has the winning tender offer for a new LNG floating storage and regasification unit in Lithuania. A mandatory standstill period according to the Law on Public Procurement of the Republic of Lithuania is now in force and wil
RasGas Company Limited (RasGas) has made a big leap in its Qatarisation programme in 2011 as the company’s Operations Group had a total of 138 Qatari trainees last year, including 66 trainees newly enrolled in 2011. The growth of the number of Qataris joining for training in RasGas has been on a ste
Law firm Wikborg Rein announced that on 1 January 2012 Joe McGladdery joined the London office of Wikborg Rein as a Partner. Joe joined Wikborg Rein from Qatar Gas Transport Company Limited (Nakilat) where he acted as the company’s General Counsel and as a board member for a number of its subsidiary
Thailand imported 708,138 mt of liquefied natural gas in 2011, according to trade statistics. Avarage LNG import prices in 2011 were at $14.57/mmBtu. The country has only one LNG terminal, which is located at the Map Ta Phut Industrial Estate in Rayong province, and it joined the club of LNG importi
FLEX LNG today provided an update regarding the status of ongoing discussions with the sponsors of the Gulf LNG Project and Samsung Heavy Industries (SHI). As previously disclosed, FLEX LNG and SHI successfully completed Front End Engineering and Design (FEED) in December 2011 for the FLNG vessel fo
MEO Australia Limited today provided the following information in relation to its activities for the quarter ended 31 st December 2011. MEO commenced a period of high field activity during the quarter and made significant progress in all areas of its portfolio. In NT/P68, Operator Eni Australia Limi
