For the first time EGL has delivered an LNG (liquefied-natural-gas) cargo to Greece. The cargo was unloaded recently in two discharges at Greece’s LNG terminal, located on the island of Revithoussa, west of Athens. EGL’s first LNG delivery to the Greek natural gas market is a further step in expandi
GDF SUEZ and Industrial and Commercial Bank of China Limited (ICBC) have signed a Memorandum of Understanding (MoU) for Financing Cooperation on a non-exclusive basis. This MoU aims at supporting GDF SUEZ in the financing of its projects throughout the world, in particular in Asia Pacific and in Chi
The Liquefied Natural Gas (LNG) import project is likely to face a big setback, as the Port Qasim Authority (PQA) has reportedly deviated fr… (brecorder) [mappress] Source: brecorder, August 11, 2011;
Woodside Petroleum chief executive Peter Coleman says the group remains on track to make a final investment decision on its $30 billion Brow… (thewest) [mappress] Source: thewest, August 11, 2011;
The service, Hamworthy Academy, includes a range of courses which are designed to provide training for the company’s equipment and comprise e-based learning packages backed up by a significant investment in hands-on facilities. Hands-on training is currently available from Hamworthy’s Norway-based f
InterOil Corporation announced financial and operating results for the second quarter ended June 30, 2011. Second Quarter 2011 Highlights and Recent Developments • On April 11, 2011, InterOil together with Pacific LNG Operations Ltd. (PacLNG) entered into framework agreements with Samsung Heavy Indu
Exxon Mobil Corporation and Nippon Steel Corporation announced that ExxonMobil has granted Nippon Steel the world’s first license for patented field welding technology used to construct high-pressure pipelines made with X120 ultra high-strength steel linepipe. ExxonMobil pursued a comprehensive X120
Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company, has announced its financial results for quarter ended 30th June 2011, with a Net Profit after tax of AED 124 million ($33.7 million), a 276% increase compared to the second quarter of 2010. Results for 3 Months end
Singapore’s LNG purchases – currently restricted to just designated buyer BG Group – is set to be liberalised come 2013, some 10 years earli… (businesstimes) [mappress] Source: businesstimes, August 10, 2011;
In the first six months of 2011, E.ON, the Düsseldorf energy group, recorded a massive decrease for all key earnings indicators. While group sales rose by approximately 20 percent year-on-year to roughly EUR53 billion, the Adjusted EBITDA decreased by 45 percent to EUR4.3 billion. The main reasons f
GDF SUEZ reported robust results for first-half 2011, with EUR 45.7 billion in revenues, an increase of +7.9% despite very unfavorable impact of weather conditions in the Group’s domestic markets. Growth in operating activities was solid with EBITDA increasing +8.2%. This strong increase came mainly
Beach Energy Ltd has completed its internal assessment of the resource potential of the Holdfast-1 and Encounter-1 vertical shale gas wells with the booking of an initial gross contingent resource of 2 trillion cubic feet (TCF) of sales gas. While PEL 218 (Beach 90%) is approximately 1,600km 2 in si
Eastern Star Gas, today provided an update on its Tintsfield pilot and the next reserves assessment. The Tintsfield pilot commenced operation in April 2011, targeting the Hoskissons coal seam which to date has not been included in gas reserves assessments. In May 2011 ESG indicated that, unforeseen
Southern Union Company reported second quarter net earnings available for common stockholders of $59.8 million ($0.47 per share), compared with $69.4 million ($0.55 per share) in the prior year. Adjusted net earnings for the same period were $52.1 million ($0.41 per share), compared with $53.0 milli
