Foster Wheeler AG announced that its shareholders have elected J. Kent Masters, 50, and Henri Philippe Reichstul, 62, to the company’s board of directors. Masters was elected to serve a term expiring at the company’s annual general meeting to be held in 2012. Reichstul was elected to serve a term ex
Japan’s Tohoku Electric has secured 900,000 mt of additional LNG for October-March, which would result in an import of at least 4.7 million… (platts) [mappress] Source: platts, November 1, 2011;
Sasol today announced the signing of a Joint Venture agreement with Origin Energy Limited, the leading Australian integrated energy company, for the purposes of exploring for Coal Bed Methane (CBM) in Botswana. The joint venture, through Sasol Petroleum International Pty Limited (SPI) the wholly own
British benchmark front-season gas, for summer 2012, slipped to an eight-month low on Tuesday as Greece’s decision to hold a referendum… (reuters) [mappress] Source: reuters, November 1, 2011;
Noting that market conditions aren’t favoring an estimated $40 billion natural gas line to Canada, Alaska Gov. Sean Parnell told a gathering… (alaskadispatch) [mappress] Source: alaskadispatch, November 1, 2011;
Japan’s additional demand for LNG in the wake of this year’s devastating March 11 earthquake and tsunami in the country’s northeast… (platts) [mappress] Source: platts, November 1, 2011;
Baker Hughes Incorporated announced adjusted net income (a non-GAAP measure) for the third quarter 2011 of $518 million, or $1.18 per diluted share. This excludes a $214 million tax benefit associated with the reorganization of certain foreign subsidiaries and a $26 million after-tax loss related to
Talks between China and Russia on a huge gas export deal are developing well, with only some specific issues mainly related to the price… (reuters) [mappress] Source: reuters, November 1, 2011;
Statoil’s LNG plant at Hammerfest is back online as planned after being shut down since 14 October. The plant receives large amounts of natural gas from the Snøhvit field which is cooled down (liquefied) to LNG and prepared for export. After a scheduled shutdown earlier this year pressure build-up w
Qatar’s Barzan gas project to supply its booming domestic demand is now expected to cost $10.3 billion, Qatari energy minister Mohammed al-S… (reuters) [mappress] Source: reuters, November 1, 2011;
AltaGas Ltd. announced that it has entered into a definitive agreement with Pacific Northern Gas Ltd. (PNG) pursuant to which AltaGas will indirectly acquire all of the issued and outstanding common shares of PNG for $36.75 cash per PNG Share pursuant to a statutory plan of arrangement under the Bus
Britain’s Cove Energy PLC believes its offshore Mozambique Rovuma block it is exploring has an upside potential of 40 trillion cubic feet of… (reuters) [mappress] Source: reuters, November 1, 2011;
India is an “incredible” gas market where the significant domestic supply shortfall offers a huge opportunity for a portfolio LNG player suc… (platts) [mappress] Source: platts, November 1, 2011;
Yemen LNG has satisfactorily completed testing the performance of the LNG plant at Balhaf and of the Upstream facilities on Block 18. These technical tests comprised a 180 day test of the Upstream Facilities on Block 18, a 10 day test of each of the three existing cryogenic units on Block 18 and a 9
