Santos announced in March 2010 that it had agreed to sell its 40% working interest in NT/P 48 (Evans Shoal) in the Bonaparte Basin to Magellan Petroleum Australia Limited. Santos today announced that the sale transaction will not complete because the conditions to completion have not been satisfied
SNC-Lavalin announced that it has been selected to perform the front end engineering and design (FEED) for Petróleos de Venezuela, S.A.’s (PDVSA) Rio Caribe-Mejillones gas-condensate development offshore Venezuela. This award follows SNC-Lavalin’s successful completion of the concept screening phase
In an effort to accelerate shale gas development, Realm Energy International Corporation has contracted Halliburton’s Consulting and Project Management team to work with Realm Energy to significantly expand the technical evaluation and ranking of the highest-potential shale deposits found in emergin
Indian energy consumers are accepting higher international fuel rates as imports of LNG, which is three times as costly as local natural gas… (economictimes) [mappress] Source: economictimes, June 1, 2011;
Cheniere Energy, Inc. announced that it has agreed to sell 8,700,000 shares of its common stock in an underwritten public offering under an effective shelf registration statement. The underwriter will have an option to purchase up to an additional 1,300,000 shares from Cheniere to cover any over-all
Hess Corp. said Tuesday it has encouraging drilling results from its Equus natural-gas project offshore Australia, strengthening its hand in… (morningstar) [mappress] Source: morningstar, May 31, 2011;
Cyprus could become a key geopolitical and geo-strategic player in the Mediterranean Region, offering opportunities for new oil and gas supp… (famagusta gazette) [mappress] Source: famagusta gazette, May 31, 2011;
Statoil and Sintef have signed a new framework agreement – one which likely to be the most comprehensive individual research agreement ever signed in Norway. With a potential value of NOK 1 billion, the agreement is valid for four years with an option for an additional two plus two years. “Sintef ha
There are strong indications that shareholders of the Brass LNG project, located in Brass, Bayelsa State, will likely sign the Final Investm… (punchng) [mappress] Source: punchng, May 31, 2011;
Gasol announced that it has negotiated a revised agreement with Sociedad Nacional de Gas, GE (SONAGAS), the national gas company of Equatorial Guinea, in respect of the associated gas from the Zafiro field (Zafiro gas). Under the terms of the amended agreement, the Zafiro gas will now be used by SON
A high-powered committee headed by former finance secretary Ashok Chawla has opposed oil ministry”s plan to subsidise costlier imported LNG… [mappress] Source: yahoo, May 31, 2011;
The Maersk Magellan LNG carrier, with a capacity of 165,500 cubic metres, is due to arrive in the UK’s South Hook terminal June 7, 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 cubi
Volvo Trucks is enhancing its focus on alternative fuels with the launch of the new Volvo FM MethaneDiesel. This truck is powered by up to 75 percent gas. Thanks to its fuel-efficient technology – which extends the vehicle’s operating range – it can considerably reduce CO2 emissions from heavy and l
The NIGC’s Coordination and Supervision Manager reported of implementation of 50 plans on increasing gas production capacity and gas production stability at the domestic gas processing plants. Jamshidi Dana who is the Manager of Coordination and Supervision on gas production at the National Iranian
