Unions are up in arms after yet another safety incident on the $43billion dollar Gorgon project, which could well have ended in tragedy. On Sunday, February 6, the multi-cat vessel Boskalis BKM 102 was working on the Gorgon Project off Barrow Island at 9.30pm when it ran over the dredge anchor, ripp
Encana Corporation achieved strong 2010 operating and financial performance despite another year of low benchmark NYMEX natural gas prices, which averaged about US$4.40 per thousand cubic feet (Mcf) for the year. Encana generated cash flow of $4.4 billion, or $6.00 per share, supported by solid prod
Hogan Lovells is advising PT Medco Energi Internasional Tbk. and its related entities on all aspects of the landmark US$2.8 billion Donggi-Senoro LNG project in Central Sulawesi, Indonesia, which has now been sanctioned by the sponsors. The Donggi-Senoro LNG Project is: * the first LNG project in In
The Gazprom Management Committee found it expedient to build up underground gas storage (UGS) capacities beyond Russia to bring the aggregate working gas volume to at least 5 per cent of the annual export supplies before 2030 with a focus on establishing the Company’s own UGS capacities. Specialized
Azerbaijani companies are interested in participating in a tender to build an LNG terminal in Lithuania, the Lithuanian Speaker Irena Dyagut… (oilandgaseurasia) [mappress] Source: oilandgaseurasia, February 10, 2011;
OAO NOVATEK today announced that independent petroleum engineers, DeGolyer and MacNaughton (D&M), have completed their comprehensive reserve appraisals of the Company’s oil and gas reserves as of 31 December 2010. The Company added approximately 1,509 million barrels of oil equivalent (boe) of prove
On 10 February 2011 OAO Gazprom issued its unaudited consolidated interim condensed financial information prepared in accordance with International Accounting Standard 34 “Interim Financial Reporting” (IAS 34) for the nine months ended 30 September 2010. Sales (net of excise tax, VAT and customs dut
The Zarga LNG carrier, with a capacity of 266,000 cubic metres, is due to arrive in the UK’s South Hook terminal February 17, 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 met
Shell Australia has today announced it has reached a commercial agreement with Woodside for the redevelopment of the fuel supply facilities at King Bay Supply Base, near Dampier. The redevelopment will enable Shell to continue to be Woodside’s supplier of bulk fuels and more efficiently service othe
Fortune Oil announced that it has entered into a joint venture agreement with Shenyang Zhonglian Enterprise Development Co., Ltd and Able Field International Limited to provide Liquefied Natural Gas (LNG) to public transit vehicles in Liaoning Province, China. Shenyang Development is a privately-own
Wärtsilä’s Board of Directors has appointed Mr Björn Rosengren M.Sc. (Tech.), born 1959, as the new President and CEO of Wärtsilä Corporation. He will assume the position on 1 September 2011, succeeding Mr Ole Johansson, who will retire. Currently Mr Rosengren works as Senior Executive Vice Presiden
The biggest single user of Cook Inlet natural gas is shutting down, raising fresh concern about the future of Southcentral Alaska’s main ene… (anchorage daily) [mappress] Source: anchorage daily, February 10, 2011;
PetroChina International Investment Company Limited, a subsidiary of PetroChina Company Limited and Encana Corporation signed a Co-operation Agreement , that PetroChina would acquire a 50 percent interest in Encana’s Cutbank Ridge business assets in British Columbia and Alberta, Canada at a consider
Following a number of market consultations in 2010, Fluxys and federal electricity and gas regulator CREG have agreed to launch a project to introduce a new access model for the Fluxys natural gas transmission grid by the end of 2012. The new model will give grid users greater flexibility in booking
