Gazprom’s group of experts led by Alexander Ananenkov, Deputy Chairman of the Gazprom Management Committee took a business trip to the Far East. As part of the meeting on Gazprom’s investment projects in the Far Eastern regions held in Khabarovsk today it was highlighted that construction of the Sak
Foster Wheeler AG today reported net income for the first quarter of 2011 of $23.0 million, or $0.18 per diluted share, compared with $72.1 million, or $0.56 per diluted share, in the first quarter of 2010. Net income in both quarterly periods was impacted by items as detailed in the attached table.
Recreational sailors on Gladstone Harbour will enjoy safer boating conditions as a result of a new partnership announced today between the Port Curtis Sailing Club and GLNG. GLNG, on behalf of its project partners, Santos, PETRONAS, Total and Kogas has provided $40,000 to the club for the purchase o
A combined Hong Kong and Beijing team has advised Sinopec International Petroleum Exploration & Production Corporation (“SIPC”) on the subscription through its subsidiary for a 15% ownership interest in Australia Pacific LNG Pty Ltd. ConocoPhillips and Origin Energy each retain a 42.5% ownership int
In aid of Japan’s recovery efforts, the Sultanate’s twin liquefied natural gas corporations — the Oman Liquefied Natural Gas (OLNG) and Qalh… (omanobserver) [mappress] Source: omanobserver, May 3, 2011;
Ophir Energy plc, an Africa-focused upstream oil and gas company, is pleased to note the announcement released on 21 April 2011 by the Ministry of Mines, Industry & Energy of Equatorial Guinea of the approval and signing of a Memorandum of Understanding (MoU) relating to the commercial structure of
The Board of MEO Australia Limited announced the appointment of Mr Stephen J. Hopley as a member of the Remuneration & Nomination Committee, effective 29th April 2011. The Remuneration & Nomination Committee now comprises Mr Nicholas Heath (Chairman), Mr Michael Sweeney and Mr Stephen Hopley. [mappr
Overseas Shipholding Group, Inc., a market leader in providing energy transportation services, today reported results for the first quarter of fiscal 2011 ended March 31, 2011. For the quarter ended March 31, 2011, the Company reported TCE revenues of $206.6 million, a 10% decline from $229.9 millio
The Ministry of Energy has suggested PTT plc to find alternative sources of liquefied natural gas (LNG) as a large portion of global supply… (pattayamail) [mappress] Source: pattayamail, May 3, 2011;
The government will set up a 90-kilometre-long pipeline by June next year to supply gas from the proposed liquefied natural gas (LNG) termin… (thefinancialexpress) [mappress] Source: thefinancialexpress, May 3, 2011;
Dana Gas PJSC, the Middle East’s first and largest regional private sector Natural gas Company has announced its latest gas discovery in the Nile Delta, Egypt. The ‘South Abu El Naga-2’ well, drilled as an appraisal of the previously announced South Abu El Naga Field in the West El Manzala Concessio
Kish gas field reservoir holds more than 70 trillion cubic feet of gas and it is thought the exact figure to be higher, the managing director of Petroleum Engineering and Development Company (PEDEC), Naji Sadouni announced here. He went on to say that development of three phases of Kish gas field ha
Ashurst has advised Centrica Energy, the parent company of British Gas and largest supplier of natural gas to customers in the UK, on its three year LNG sale and purchase agreement (SPA) with Qatargas. The SPA was signed by both parties on 21 April in Doha. The £2 billion agreement will see 2.4 mtpa
Kleven Maritime has signed a new contract with Rem Offshore for delivery of one LNG powered offshore vessel. With this new contract, Kleven Maritime’s order reserve increases to 9 vessels at a combined value of 3.3 billion NOK. The vessel is of Wärtsilä Ship Design and is scheduled for delivery from
