PG&E Corporationannounced that Anthony F. Earley, Jr., 62, will become the company’s new Chairman of the Board, Chief Executive Officer, and President. Earley’s appointment – the first in PG&E’s history to come from outside the organization – puts the company under the leadership of one of the natio
Royal Dutch Shell plc announced its intention to commence a share buyback programme in accordance with authority granted by shareholders at the Company’s 2011 Annual General Meeting. The purpose of the share buy-back programme is to offset dilution created by the issuance of shares for the Company’s
Allseas’ Solitaire, the world’s largest pipelay vessel, has completed work on Line 2 of the Nord Stream natural gas pipeline through the Baltic Sea ahead of schedule. The vessel laid 342.5 kilometres of each of the twin pipelines in the Gulf of Finland. “The Solitaire has lived up to all our expecta
The government has decided to seek a performance guarantee of $35 million from investors interested in the import of Liquefied Natural Gas… (tribune) [mappress] Source: tribune, August 12, 2011;
Linklaters has advised GDF SUEZ on the potential acquisition by China Investment Corporation (CIC) of a 30% stake in its Exploration & Production division and of a 10% stake in the LNG Atlantic liquefaction plant in Trinidad and Tobago, for a total amount of €2.9 billion. GDF SUEZ is in advanced exc
The Mozah LNG carrier, with a capacity of 266,000 cubic metres, is due to arrive in the UK’s South Hook terminal August 19, 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 metre
To support the growing demand for natural gas-fueled refuse vehicles in New Jersey, Clean Energy Fuels Corp.and Covanta Essex, a subsidiary of Covanta Energy Corporation, have been awarded a contract by the Port Authority of New York and New Jersey to site, build, and operate a compressed natural ga
Tata Motors and Ashok Leyland will soon collaborate with Petronet LNG Ltd (PLL) to introduce the use of liquefied natural gas (LNG) for vehi… (business standard) [mappress] Source: business standard, August 12, 2011;
W&T Offshore, Inc. announced today that it has closed its acquisition of Shell Offshore’s 64.3% interest in the Fairway Field along with a 64.3% interest in the associated Yellowhammer gas processing plant, with an effective date of September 1, 2010. This acquisition was part of a larger transactio
Today, in Sofia, the contract for the Front End Engineering Design (FEED) and Environmental Impact Assessment (EIA) was signed between “ICGB AD” and the Consortium Penspen Ltd. – C&M Engineering S.A. The Consortium was awarded the contract as a conclusion of an international tender issued in January
Teekay GP LLC, the general partner of Teekay LNG Partners L.P. today reported its results for the quarter ended June 30, 2011. During the second quarter of 2011, the Partnership generated distributable cash flow of $37.6 million, compared to $36.0 million in the same quarter of the previous year. Th
Petrobras’ Gas & Energy director, Graça Foster, detailed the $13.2 billion in investments foreseen for Gas and Energy for the period ranging from 2011 to 2015 this Tuesday (08/09). Of this amount, she stated that $12.9 billion will be invested in Brazil. Graça emphasized her area aims to obtain the
Slovenia says it is “deeply dissatisfied” with Italy’s plans to approve an offshore gas terminal and undersea pipeline it considers an envir… (upi) [mappress] Source: upi, August 11, 2011;
Murmansk hosted Wednesday a working meeting between Alexander Ananenkov, Deputy Chairman of the Gazprom Management Committee and Dmitry Dmitrienko, Governor of the Murmansk Oblast. The parties discussed the prospects for developing the regional shipbuilding sector placing an emphasis on a possible r
