PETRONAS, through wholly owned subsidiary PETRONAS International Corporation Ltd, has entered into an agreement with GMR Infrastructure (Singapore) Pte Ltd and GMR Infrastructure Ltd – both subsidiaries of GMR Group, India – to acquire a 30% stake in GMR Energy Singapore Pte Ltd (GMRE). The agreemen
British prompt gas prices made gains on Thursday morning after a rapid rise in exports to Europe spurred demand to exceed supplies. (reuters) [mappress] Source: reuters, September 29, 2011
Keppel Shipyard Ltd has secured a contract to convert Liquefied Natural Gas (LNG) Carrier to a Floating Storage Unit (FSU). The contract is for the fast-track conversion of the LNG carrier Tenaga Empat into a FSU for Malaysian customer MISC Berhad. When completed in 2Q 2012, the FSU will have a stor
A gas pipeline from Russia via North Korea to South Korea, estimated to cost $2.5 billion, is the most “economically efficient” option for… (platts) [mappress] Source: platts, September 29, 2011
BG Group announced today it has signed a Heads of Agreement (HoA) with Gujarat State Petroleum Corporation (GSPC) for the long-term supply of up to 2.5 million tonnes per annum of Liquefied Natural Gas (LNG). The HoA sets out the basis on which BG Group proposes to sell the LNG volumes to GSPC for u
Angola’s first liquefied natural gas plant will start operations on schedule in the first quarter of next year, Radio Nacional de Angola… (bloomberg) [mappress] Source: bloomberg, September 29, 2011
OAO Gazprom’s natural gas contracts are the focus of European Union antitrust investigators’ raids across central and eastern Europe that… (bloomberg) [mappress] Source: bloomberg, September 29, 2011
Chesapeake Energy Corporation yesterday disclosed initial horizontal well drilling results in the wet gas and dry gas phases of the Utica Shale play in eastern Ohio and western Pennsylvania and also announced the achievement of certain corporate production milestones. Chesapeake has drilled 12 horiz
The Trans Adriatic Pipeline (TAP) has submitted a Preliminary Environmental Impact Assessment (PEIA) to the Greek Ministry of Environment. This application is an addition to the scoping documents that TAP submitted earlier this year in preparation for its full Environmental & Social Impact Assessmen
Global oil major BP Plc will discuss divesting some of its assets in Europe and North America to Reliance Industries as it seeks to deepen… (economictimes) [mappress] Source: economictimes, September 29, 2011
MEO Australia Limited announced that the board of directors has approved an on-market buy-back of ordinary shares of its issued capital in accordance with the Corporations Act 2001 and ASX Listing Rules. The Board considers that a buy-back will add value to the remaining shares on issue, which have
GAIL (India) Limited has acquired its first shale gas assets in the USA through its wholly owned US subsidiary GAIL Global (USA) Inc., formed on 26th September 2011. The subsidiary company today executed definitive agreements with Carrizo Oil & Gas Inc. (Carrizo), a NASDAQ listed company based in Ho
FLEX LNG yesterday responded to the article published in the Norwegian business newspaper “Finansavisen” containing misleading information that portrays the Gulf LNG project in a manner that neither FLEX LNG nor InterOil Corporation recognise. FLEX LNG has invested close to 500 million USD in equity
The Al Samriya LNG carrier, with a capacity of 263,000 cubic metres, is due to arrive in the UK’s South Hook terminal October 1, according to the Milford Haven Port Authority website. The South Hook terminal can process 15.6 million tonnes of LNG a year and is capable of delivering 21 billion cubic
