Seeing a distinctive shift in market conditions, Höegh LNG has decided to establish the subsidiary Höegh LNG Asia Pte. Ltd. and open an office in Singapore. The presence in Singapore will allow the company to stay closer to current and prospective customers in the Asian region, and be better able to
Hyundai Heavy Industries group is giving ￥50 million via its Japanese branch office to the Japanese Red Cross for disaster relief efforts in Japan today. Hyundai Heavy said, “We hope this donation would be of help for Japanese people. We do also hope that Japanese people would recover its damage as
Bechtel Oil, Gas and Chemicals has awarded Toll Global Resources a contract for dedicated Roll On Roll Off vessels between Gladstone and Curtis Island to support the construction of the QCLNG Project by BG subsidiary, QGC. This contract will be over 56 months and requires two dedicated Roll On Roll
Azerbaijan and Turkey are to sign a contract on the transport of natural gas and purchase and sale of gas from Shah Deniz 2… (news.az) [mappress] Source: news.az, March 17, 2011;
Qatar Navigation’s net profit in 2010 more than doubled its to QR1.09bn, up from QR479mn in 2009… (gulf times) [mappress] Source: gulf times, March 17, 2011;
Russia is studying possibilities to lower the cost of its South Stream gas pipeline project or replace it with a project stipulating liquefi… (RIA Novosti) [mappress] Source: RIA Novosti, March 17, 2011;
The Aamira LNG carrier, with a capacity of 266,000 cubic metres, is due to arrive in the UK’s South Hook terminal March 24, 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 cubic metre
Woodside announced that the Martin-1 well in permit WA-404-P has intersected approximately 100 metres of gross gas within the Triassic target. The well reached a total depth of 4778 metres. Wireline logging has confirmed the discovery through the recovery of gas samples to surface and establishment
Statoil has awarded Songa Offshore a contract for hire of the semi-submersible rig Songa Delta, for use in the fast-track portfolio on the Norwegian continental shelf (NCS). The contract value is approximately USD 400 million. The rig will carry out production drilling for Statoil’s fast-track portf
On February 28, the board of Uddeholms AB decided to invest a total of 100 million SEK (€11.3 million) in upgrading the company’s production capability in Hagfors, Sweden. The investments are in line with the growth plan the company, which is a leading manufacturer of steel for industrial tools, has
Alexander Medvedev (image), Deputy Chairman of the Gazprom Management Committee and Wang Dongjin, Vice President of China National Petroleum Corporation (CNPC) held another round of commercial negotiations in Moscow. The parties discussed the terms and conditions for Russian natural gas delivery to
Saudi Aramco has finalized its bid selection for the four Lump Sum Turn Key (LSTK) contracts of the Shaybah natural gas liquids (NGL) Program, selecting Samsung Engineering Co. Ltd. to perform the engineering, procurement and construction (EPC) work for all the four packages. The scope of this major
Repsol has been rated as a “Gold Class” company for the fourth consecutive year, in the “Sustainability Yearbook 2011” complied by PricewaterhouseCoopers together with Sustainable Asset Management (SAM), an independent company that produces the annual assessments for the Dow Jones Sustainability Ind
The specialist for propulsion and power solutions Tognum decided at the meeting of the Supervisory Board on 14 March 2011, that Dieter Royal (47) will join the Executive Board as the new member responsible for the Finance and Corporate Services Division effective 1 October 2011. Dieter Royal succeed
