INPEX CORPORATION announced today that INPEX Ichthys Pty Ltd and other project group companies have reached an agreement with Osaka Gas Co., Ltd. to transfer its 1.2% of Ichthys project equity interest. Based on the agreement, Ichthys project equity interest will be as follows: • INPEX – 74.8% • TOT
GE Oil & Gas yesterday opened its $100 million technology and learning complex in Jandakot, Western Australia, to support the development of skills for the oil and gas sector and provide its first in-country support and maintenance center for the upstream industry. The biggest complex of its kind in
Future growth in world energy demand is a cause for optimism because it will signal economic recovery and progress, Rex W. Tillerson, chairman and chief executive officer of Exxon Mobil Corporation, said today. ExxonMobil is forecasting the global economy to more than double in size between 2010 an
Ichthys LNG Pty Ltd, a company jointly owned by INPEX and TOTAL and the seller of Ichthys LNG, today signed a legally binding Sales and Purchase Agreement (SPA) with a consortium of five major Japanese utility companies for LNG from the Ichthys Project totaling 4.0 mtpa. Under the SPA, Ichthys LNG P
Santos today announced that natural gas from the offshore Reindeer field in the Carnarvon Basin was delivered to the Dampier to Bunbury Natural Gas Pipeline (DBNGP) for the first time. The delivery of the gas, processed at the new onshore Devil Creek plant near Karratha, marks a major milestone in t
Petronet’s Dahej terminal on India’s west coast may get one liquefied natural gas cargo today, according to ship transmission data. The cargo is being hauled by Berge Arzew, a 138,088 cubic-meter tanker. The Dahej Terminal is India’s first LNG receiving and regasification terminal and has a nominal
Excelerate Energy L.P. completed its 200th commercial Ship-to-Ship (STS) transfer of LNG on November 27, 2011 in Escobar, Argentina at the GNL Escobar LNG import facility. Using Excelerate Energy’s regasification vessel, Exemplar and the conventional LNG carrier Excel, 58,230 cubic meters of LNG wer
Estonian Port of Tallinn and Elering signed cooperation agreement to begin preliminary studies for a LNG terminal at Muuga port. The companies aim to conduct environmental impact assessments and to develop a feasibility study for the regional LNG terminal, Port of Talinn said in a statement. Port of
Cathelco Seafresh announced today that it has received an order to supply reverse osmosis desalinators for the Khannur, an LNG carrier owned by Golar LNG of Norway which is being converted to a FSRU at the Jurong Shipyard in Singapore. After conversion, the vessel will be renamed the West Java FSRU
Berlin hosted Friday the 25th meeting of the European Business Congress (EBC) Presiding Committee. The meeting was moderated by Alexey Miller, Chairman of the Gazprom Management Committee. The members of the EBC Presiding Committee and the invited experts heard the reports by the Working Committees’
On 30th November 2011, the last wheelbarrow of concrete was pushed onto the highest level of a huge cylindrical wall, completing the 20-day-long process of continuous slipforming of the second liquefied gas tank in Swinoujscie, Poland. It took less than two months to erect the largest and the most i
Origin Energy announced that Mr Ralph Norris has agreed to join the Origin Board as an independent non-executive director, effective from 1 April 2012. Mr Norris was Managing Director and Chief Executive Officer of the Commonwealth Bank of Australia until 30 November 2011, prior to which he was Mana
Woodside Petroleum’s $30 billion Browse LNG Project will unlikely meet its target for a final investment decision by mid-2012, Reuters reported today. Woodside also may be forced to consider changing the project’s location, Reuters said, citing industry analysts. The company has struggled to reach a
GAIL (India) Limited, India’s leading natural gas company has received top honors as the “World’s No. 1 company in Downstream Operation” for this year at the 2011 Platts Global Energy Awards held at New York on December 1, 2011. GAIL has been recognized for achieving year-on-year growth, ensuring un
