Rising LNG prices are expected to make commercial and household supply of natural gas costlier by up to 20% this year, particularly in Gujar… (economictimes) [mappress] Source: economictimes, March 4, 2011;
IGas, a domestic gas producer and leading developer of unconventional gas resources in the UK, announced that it has received the necessary regulatory approval to become the operator and sole owner of its licences. This follows an announcement on 31st January 2011 of the signing of an agreement with
The Gazprom Management Committee tackled the issues related to exchange trade in gas and the Electronic Trading Platform (ETP) development at Gazprom mezhregiongaz. It was noted during the meeting that Gazprom was active in streamlining the electronic gas trade and initiating the futures gas contrac
Pacific Northern Gas Ltd. announced that the Board of Directors has declared a special dividend of $3.00 per common share in addition to a regular quarterly dividend of $0.30 per share. The latest quarterly dividend is unchanged from the fourth quarter of 2010 but up from $0.28 in the first quarter
Treasurer Andrew Fraser has welcomed the announcement of a dredging project that will see Gladstone Port become one of the world’s major Liquid Natural Gas exporters. Gladstone Ports Corporation announced that the first stage of the $1.3 billion Western Basin Dredging and Disposal Project has been a
First Hydrocarbon Nigeria (FHN) has today announced the appointment of Faiz Imam (photo) and Adebayo Ayorinde to its Board of Directors. Ahonsi Unuigbe also joins FHN as Chief Financial Officer. Afren plc holds a 45 per cent. shareholding in FHN. Biographies Mr Ayorinde is presently Managing Directo
China Natural Gas Company, Ltd. has selected Black & Veatch and Chemtex to provide engineering, procurement and construction services for three new liquefied natural gas plants in China. The new facilities will feature Black & Veatch’s patented PRICO® refrigeration technology and benefit more than 5
Rising demand for floating offshore gas terminals has resulted in the development of new technologies and specialised units, leading to a number of innovative design concepts. Based on DNV’s extensive experience in this segment, the company has prepared a detailed design and construction guidance, s
Stolt-Nielsen Limited announced that it has acquired through one of its subsidiaries a non-controlling interest in Seaweed Energy Solutions AS, an alternative energy start-up focused on the development of bioethanol and biogas production from the sustainable large-scale cultivation of seaweed. Found
The Gazprom Management Committee approved the updated Program for hydrocarbon resources development on the Russian Federation shelf until 2030 and the Plan of Prioritized Actions over 2011 to 2015. Specialized subdivisions were tasked to monitor the Program and its update it once every five years st
Teekay Corporation announced today that it has agreed to sell its remaining 49 percent interest in Teekay Offshore Operating L.P. to Teekay Offshore Partners L.P. for a total price of $390 million. OPCO currently operates a fleet of 33 shuttle tankers (including five chartered-in vessels), four Floa
The 138,000m³ British Trader tanker arrived at the UK’s Isle of Grain terminal with a Trinidadian LNG cargo today, and the shipping schedule… (argusmedia) [mappress] Source: argusmedia, March 3, 2011;
Blue Energy Limited advises that it has agreed to a request from Korea Gas Corporation (KOGAS) to further extend the expiry date on its farm-in option over ATP813P (Galilee Basin) and ATP814P (Bowen Basin) to 28 February 2012. Given the operational delays experienced in Blue Energy’s ATP814P explora
Cheniere Energy, Inc. reported a net loss of $86.1million, or $1.51 per share (basic and diluted), for the quarter ended December 31, 2010, compared with a net loss of $23.2 million, or $0.44 per share (basic and diluted), for the comparable 2009 period. Excluding a loss on early extinguishment of d
