Fortune Oil a company listed on the London Stock Exchange main board focusing on oil, natural gas and resource supply operations and investments in China, announced the signing of a US$180 million (£112 million) loan agreement by Fortune Oil PRC Holdings Limited, the Company’s principal intermediate
With effect from 30th of June 2011, the Japanese shipping company Kawasaki Kisen Kaisha, Ltd. (“K” Line Group) will acquire another 50 per cent of the SAL Group and with that will become the sole shareholder of the company. Over the past five years, the two companies have developed a successful part
Petroceltic International plc, the independent oil & gas exploration company focussed on the Middle East-North Africa and Mediterranean region today announced its results for the year ended 31 December 2010. Highlights: – 6.1 TCF Petroceltic estimate of most likely gas resource in place in the Isare
Yemen LNG signed on 3rd April Land Compensation Settlement with the Ministry of Oil and Mineral Resources and the Governorate of Shabwa to compensate land owners in Balhaf area pursuant to the Council of Ministers Resolution No. 476. The Agreement was signed by Francois Rafin, General Manager, Abdul
‘Be Water Wise – Every Drop of Water Counts’ is the message Qatargas, the world’s largest LNG producer, has been driving home as a part of its water conservation campaign at this year’s Qatar Petroleum (QP) Environment Fair, Doha International Exhibition Centre. The Fair has been held under the patr
MEO Australia Limited announced an expansion of its technical, commercial and executive management teams with the appointment of Jarrod Dunne, Andrew Leeds and Peter Stickland. Jarrod Dunne, PhD, joins MEO as a Senior Geophysicist, replacing John Moore who has elected to retire from his technical ro
Ophir Energy plc, the Africa-focused upstream oil and gas company, announced that a gas discovery has been made in the Chaza-1 exploration well offshore Tanzania. This is the first gas discovery in Block 1 but the third consecutive discovery made in this drilling campaign following on from the Chewa
Leading French ferry operator, Brittany Ferries, and shipbuilder, STX France, are embarking on a joint project to develop a new generation of environmentally-friendly passenger ferries. Powered by dual fuel engines, which will burn liquefied natural gas (LNG) combined with a high efficiency electric
Santos today announced that the Zola-1 exploration well in WA-290-P, located in the Carnarvon Basin offshore Western Australia, has intersected over 100 metres of net gas pay sands over a 400 metre gross interval in the primary target, the Mungaroo formation. Wireline logging and pressure testing co
Complying with its obligation vis a vis the lenders of a 2.8billion dollar loan made in 2008, Yemen LNG started on January 1st the 180 day test of the upstream facilities. After one quarter of successful testing of the upstream, Yemen LNG started on April 1st the LNG Performance Reliability Test (LN
Early production from the South Pars gas field phase 12, with 27 percent progress in onshore and 71 percent progress in offshore sector, will be started in March 2012,’ managing director of the Pars Oil and Gas Company (POGC), Mr. Souri announced here. Stating the phase has generally progressed by 4
The Al Kharaitiyat LNG carrier, with a capacity of 216,000 cubic metres, is due to arrive in the UK’s South Hook terminal April 10, 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 cub
The Sui Southern Gas Company (SSGC) plans to take a direct stake in multimillion dollars liquefied natural gas (LNG) import project, which i… (thenews) [mappress] Source: thenews, April 3, 2011;
Qatargas achieves historic milestone – all four of its mega liquefaction trains are now at 100% production capacity. This means that as the world’s largest liquefied natural gas (LNG) producer, Qatargas, is currently running at its full production capacity of 42 million tonnes per annum (MTA) from a
