GasTerra and Eneco announced that they have concluded a long-term agreement for the supply of natural gas to the Rotterdam-based energy company. The contract enhances Eneco’s ability to provide optimal, long-term supply for its customers. GasTerra will supply the gas via the TTF virtual trading poin
Foster Wheeler AG announced three executive promotions in its Global Engineering and Construction (E&C) Group. – Roberto Penno, 50, who was previously Managing Director, Global Sales and Marketing, has been named Chief Executive Officer of the Asia Pacific Operating Unit, based in Singapore, effecti
Hess Corporation announced a 2011 capital and exploratory budget of $5.6 billion, nearly all of which is targeted for Exploration and Production: $3.1 billion for production, $1.6 billion for developments and $900 million for exploration. John B. Hess, Chairman and CEO, stated, “We are pleased to ha
OÜ Balti Gaas (Balti Gaas plc) that develops a liquefied natural gas (LNG) terminal close to Paldiski (North Estonia) estimates total investment about €350m. According to the company the terminal’s operator will be Balti Gaas while future owners are expected to be gas transmission networks (TSOs) of
Chesapeake Energy Corporation provided a preliminary 2010 operational report and a 2011-12 strategic and financial plan update. The company’s daily production for the 2010 fourth quarter averaged approximately 2.9 billion cubic feet of natural gas equivalent (bcfe), a decrease of 4% below the 3.0 bc
FAB Industries and Enviromech Industries, two leading providers of alternative fuel systems for heavy duty trucks, buses and specialty vehicles, announced an agreement to merge to form Agility Fuel Systems. Element Partners, a clean technology-focused private equity fund, provided equity capital to
Japanese trading houses Mitsui and Mitsubishi are looking to take stakes in what would be Russia’s largest natural gas project, planned for… (expatica) [mappress] Source: expatica, January 7, 2011;
The Fraiha LNG carrier, with a capacity of 210,152 cubic metres, is due to arrive in the UK’s Dragon terminal January 14, according to the Milford Haven Port Authority website. BG and Petronas between them have contracted for the full capacity at Dragon LNG’s Milford Haven site over the next 20 year
BlackRock, Inc. has informed Wärtsilä Corporation that it has purchased Wärtsilä shares on 5 January 2011 and now owns more than one twentieth (1/20) of the company’s votes. Following the transaction BlackRock Inc. owns 4,941,593 shares or 5.01% of Wärtsilä’s share capital and total votes. [mappress
Apache Corporation announced that hydrocarbon production has begun at its Balboa Field, located on East Breaks Block 597. Initial gross flow rates have stabilized at approximately 30 million cubic feet of natural gas and 1,400 barrels of oil per day. Apache’s subsidiary is the operator of the field
Statoil has planned 990 modification projects on the Norwegian continental shelf in 2011, with a price tag totalling NOK 9 billion (Approximately USD$1,52 bln). The modifications will improve health, safety and the environment (HSE) – as well as earnings from the installations. Appropriations for mo
Beach Energy Ltd announced on Monday, 6 December 2010, a recommended and unconditional on-market cash offer for all of the issued and outstanding shares of Impress Energy Ltd, that it did not own, for 8.5 cents per share. On Tuesday, 14 December 2010, Beach gained majority control of Impress and has
As of the 1st of January 2011 T.O.S (Transport & Offshore Services) will be the supplier of nautical temporary personnel (sailing) in the North Sea area for Rijkswaterstaat (part of the Dutch Ministry of Transport, Public Works and Water Management) for a period of three years. At the end of Decembe
The Indonesian national anti- monopoly regulator on Wednesday penalized four companies, including Indonesia’s state-run PT Pertamina and Jap… (istockanalyst) [mappress] Source: istockanalyst, January 6, 2011;
