Origin Energy Limited (“Origin”) today announced that the Board of Australia Pacific LNG has approved a Final Investment Decision (“FID”) on the first phase of a two train CSG to LNG project in Queensland. FID taken on the Australia Pacific LNG project initiating development of the first LNG train a
Statoil’s second quarter 2011 net operating income was NOK 61.0 billion (USD 11.15 billion) , a 129% increase compared to NOK 26.6 billion (USD 4.86 billion) in the second quarter of 2010. The quarterly result was mainly affected by a 32% increase in the average prices for liquids measured in NOK, a
Eni has made a new hydrocarbon discovery offshore Indonesia. As the operator, Eni has successfully drilled an exploration well on the Jangkrik North East structure, located in the Muara Bakau block Kutei Basin, east of Kalimantan, 15 Km from the Jangkrik field. The Jangkrik North East discovery repr
Chart Industries, Inc., a leading independent global manufacturer of highly engineered equipment used in the production, storage and end-use of hydrocarbon and industrial gases, today announced that its wholly-owned subsidiary, Chart Energy & Chemicals, Inc. (“Chart E&C”), has been awarded a contrac
ConocoPhillips today reported $3.4 billion second-quarter earnings and $3.4 billion adjusted earnings. This compares with second-quarter 2010 earnings of $4.2 billion and adjusted earnings of $2.5 billion. “We had a solid quarter,” said Jim Mulva, chairman and chief executive officer. “Higher adjust
The liquefied natural gas carrier „Al Samriya‟ berthed today, July 27, at Gate terminal, the Netherlands The “Al Samriya” is third LNG carrier that delivers its commissioning cargo for Gate LNG project after the arrival of the „British Trader‟ and the “Arctic Voyager‟. Prior to the start of commerci
GE Oil & Gas has entered into an agreement with Bechtel International, Inc. for the supply of compression technology for two customized LNG refrigeration trains for the Chevron-operated Wheatstone Project in Western Australia. A final investment decision on the Wheatstone Project is expected in the
NYK conducted an accident-response drill together with the Japan Coast Guard on July 26 based on a mock scenario having NYK LNG carrier Al Khor spill oil in Tokyo Bay followed by NYK’s cooperation with the Japan Coast Guard to address the accident. NYK conducts accident-response drills about 10 time
Amid other important proposals, Ministry of Petroleum and Natural Resources has made large number of amendments in draft of Liquefied Natura… By Ahmad Ahmadani (The Nation) [mappress] Source:The Nation , July 27, 2011;
Further to the Company’s announcement of 29 November 2010, Karoon Gas Australia Limited and its related entities have executed final and binding documentation with its joint venture partner, ConocoPhillips (Browse Basin) Pty Ltd (“ConocoPhillips”) and its related entities, to acquire an additional 5
Chevron Corporation today announced that its Australian subsidiaries have signed binding Sales and Purchase Agreements (SPAs) with Tokyo Electric Power Company (TEPCO) for the delivery of liquefied natural gas (LNG) from the Chevron-operated Wheatstone natural gas project in Australia. Under the agr
BP today said that it expects future cash flows generated by its worldwide operations to grow faster than output. This growth is expected in both its upstream and downstream businesses as the company delivers its strategic priorities, increases its investment in future growth opportunities and portf
Kawasaki Kisen Kaisha Ltd. on Monday unveiled plans to develop a car carrier that uses liquefied natural gas as fuel and is expected to cut… Source: Nikkei [mappress] Source: Nikkei, July 26, 2011;
BG Group announced that its revenue and other operating income in 2Q increased by 26% to $5 115 million, reflecting the benefit of higher commodity prices and a 3% increase in E&P production, with solid operational performance across the Group’s assets. As a result of the above and a lower explorati
