SGS, the world’s leading inspection, verification, testing and certification company, announced the closing of its Share Buy-Back program which was in effect from 26 March 2009 until 31 December 2011. During this period SGS bought 50’776 shares at an average price of CHF 1’516 for a total considerat
Beach Energy Limited has released the following monthly drilling report for December 2011. Beach Operated Cooper-Eromanga Oil and Gas Two operated exploration wells were drilled in the Cooper-Eromanga Basin during the report period. The Baird-1 exploration well (PEL 106B, Beach 50%) was drilled to f
GreenMan Technologies reported today the engagement of Ardour Capital Investments to assist in the Company’s capital raising activities to support its dual fuel marketing and testing initiatives. Ardour Capital is a leading institution in energy technology/alternative energy and power/clean & renewa
Indonesia wants China to pay $5-7 per MMBTU for LNG it sells from Tangguh terminal to CNOOC’s Fujian LNG terminal, BPMigas said. Rudi Rubiandini, deputy operational director of BPMigas, said that domestic price of gas will likely rise to $7 per MMBTU and hopes to see Tangguh LNG price to China betwe
The President of the Republic of Mozambique, Armando Guebuza, and Eni’s CEO, Paolo Scaroni, met today in Bilene, in south Mozambique, to discuss Eni’s ongoing activities and projects in the country. During the meeting, which took place in an atmosphere of cordiality, Paolo Scaroni together with Clau
Gasum Oy and Estonia’s leading gas company AS Eesti Gaas have signed a Memorandum of Understanding on 21 December 2011 for a project that aims to establish a jointly owned natural gas exchange in the Estonian gas market. The Memorandum of Understanding comes after a similar agreement in November bet
Gazprom and Moldovagaz have extended the terms of the gas supply and transit contracts in force until the first quarter of 2012. In December 2006 Gazprom and Moldovagaz signed the gas supply contract for 2007–2011. Pursuant to the document, between 2008 and 2010 the price was calculated under the fo
Ophir announced the start of its 2012 drilling programme in Tanzania with the drillship Odfjell Metro-1. The first three wells in the programme will be Jodari-1, Mzia-1 (previously named 1W) and Papa-1 (previously named 3A). The Metro-1 is a state-of-the-art drillship capable of drilling in water de
Total announced that its subsidiary, Total E&P USA, has signed and completed on December 30, 2011 an agreement to enter into a Joint Venture with Chesapeake Exploration, a subsidiary of Chesapeake Energy Corporation, and affiliates of its partner EnerVest Ltd. In the agreement, Total acquires a 25%
Petrobras announced the discovery of a new light oil and natural gas accumulation in the Golfinho Concession (4-BRSA-1001-ESS). The discovery was made during drilling of well 4-GLF-31-ESS, known as Tambuatá. The well is located 74 km off the Espírito Santo coast, and 7 km from FPSO Cidade de Vitória
Reliance Power and Royal Dutch Shell are in negotiations to construct a LNG terminal at Kakinada on India’s east coast, the Economic Times reported today. The proposed LNG terminal is expected to cost about Rs 3,000 crore ($560 million). Kakinada Port may pick up a minority stake in the proposed LNG
Poland’s Gaz-System signed an agreement for the performance of construction and assembly works for the gas pipeline on the Świnoujście-Szczecin route with a diameter of 800 mm and approx. 80 km in length. The agreement was concluded with the contractor Przedsiębiorstwo Robót Inżynieryjnych “POL-AQUA
Apache Corporation said today that its subsidiary Apache North Sea Limited has completed its previously announced acquisition of Exxon Mobil Corporation’s Mobil North Sea Limited assets including the Beryl field and related properties. Apache has assumed operations of the Beryl, Nevis, Ness, Nevis S
The Council of CORFO appointed Mr. Carlos Díaz Vergara as Director of Empresa Nacional del Petróleo, ENAP, to replace Francisco Gana Eguiguren. Carlos Díaz is a Commercial Engineer from Pontificia Universidad Católica de Chile and has a Master of Arts in Economy from the University of California. He
