GDF SUEZ is hosting an investor conference today in Paris. The conference consists of presentations by senior executives of the company, providing insight into GDF SUEZ’ industrial development and large projects. GDF SUEZ’ strategy is based on : speeding up development in fast growing countries stre
The Japan Bank for International Cooperation (JBIC) said today it has signed a $263 million loan agreement with Nippon Oil Exploration (PNG) Pty Ltd., an subsidiary of JX Nippon Oil and Gas Exploration Corp., for the PNG LNG Project in Papua New Guinea. The loan will be provided jointly with the Ban
Centrica plc’s North American subsidiary, Direct Energy, has agreed to acquire a package of liquids-rich natural gas assets located in west central Alberta (the Carrot Creek Assets) from Encana Corporation (Encana) for C$58m (£37m) in cash. As part of the transaction Encana will also receive from Di
MEO Australia Limited announced that it’s wholly owned subsidiary Seruway Offshore Exploration Limited (OEL) as operator for the Seruway PSC, has commenced the acquisition of the 705 km2 3D seismic data over the Ibu Horst area. SOEL holds a 100% interest in the PSC. The PGS seismic vessel M/V Pacifi
SCF Sovcomflot (SCF Group) reported results for the nine month period ended 30 September 2011. SCF Highlights – Gross revenues USD 1,075.6 million (+ 7.9 pct) – Time charter equivalent (TCE) revenues USD 697.3 million (-3.5 pct) – EBITDA USD 361.0 million (-13.7 pct) – Net profit USD 46.6 million (-
The Trans Adriatic Pipeline has signed a cooperation agreement with the Albanian Immovable Property Registration Office in Tirana. The agreement enables TAP to establish, enhance and update cadastral data (property ownership, boundaries, and usage) within TAP’s pipeline corridor in Albania. TAP requ
The U.S. Department of Energy granted a 30-year license for Jordan Cove Energy to export LNG to countries that hold free trade agreements with the United States. This license allows Jordan Cove Energy to export 9 million metric tons of LNG per year. The Jordan Cove Energy can now file an application
This December, the combined daily output of Petrobras and its partners exceeded 200,000 barrels of oil equivalent (oil and gas) per day in the Santos Basin. On December 6, two days after operations began at well RJS-686, which is connected to platform FPSO Cidade de Angra dos Reis (the Lula Pilot Pr
Demand for energy will rise through 2040 as global economic output doubles and prosperity expands across a world where population will grow to nearly 9 billion people, Exxon Mobil Corporation states in its The Outlook for Energy: A View to 2040, issued today. Extending its annual long-term energy fo
Japanese utility Chugoku Electric Power Co has purchased the additional 240,000 tonnes of LNG it had planned to procure for the October-March period, Reuters reported. Recently, Chugoku Electric said it expects to purchase four additional LNG cargoes totalling 240,000 tonnes than its initial plan, t
The U.S. Department of Energy (DOE) said today that it has received an application from Dominion Cove Point LNG on October 3 requesting long-term, multi-contract authorization to export up to 7.82 million metric tons per year of LNG to any country with which the United States does not have a free tr
Kencana Petroleum Berhad announced that its wholly owned subsidiary, Kencana HL Sdn. Bhd., has secured a contract from Bechtel International Inc, for the fabrication and assembly of structures and components for Wheatstone LNG processing facility in Australia. The Contract scope includes fabrication
Toyota Tsusho Corporation (TTC) has concluded an agreement with AWE Limited to acquire the following two equity interests. 1. An 11.25% equity interest in the “BassGas Project” 2. An 2.75% interest in the nearby exploration permit T/18P TTC’s wholly owned subsidiary, Toyota Tsusho Gas E&P Trefoil Pt
GE Oil & Gas has completed a fast-track refurbishment project to eliminate corrosion, or pitting, of compressor blades on 14 gas turbines at Atlantic LNG Company of Trinidad and Tobago’s production facility in Point Fortin. The project will prevent blade degradation and help to maintain high product
