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
The National Energy Board announced that it will hold a public hearing to consider an application submitted by KM LNG Operating General Partnership (KM LNG) for a 20-year licence to export natural gas in the form of liquefied natural gas (LNG). In its application, KM LNG stated that the majority of
Property values in southwest Topeka’s Lauren’s Bay area plummeted after a dam breach in 2009 turned the pond that served as its centerpiece… By Tim Hrenchir (cjonline) [mappress] Source: cjonline, February 10, 2011;
As part of its bi-annual impairment review and in accordance with its policies, Beach Energy Limited intends to write down its share in BMG to a nominal value, in light of BMG moving to a non-production phase and as planning proceeds in relation to Phase 2 gas and liquids development options. It sho
Nord Stream has won the award for European mid-stream gas project of the year at this year’s Project Finance Awards ceremony. The awards recognise innovation, deal repeatability, best practice, problem solving, risk mitigation, value for money and speed of delivery in financing. Nord Stream was sing
Noble Energy, Inc. announced today its 2011 capital program and guidance. The Company’s total capital program is estimated at $2.7 billion, with investment split relatively evenly between the United States and international operations. Approximately 42 percent of the program is going toward major pr
EXCO Resources, Inc. announced that it received approximately $230 million from BG Group, plc in exchange for a 50% interest in oil and natural gas assets prospective for Marcellus shale development that EXCO recently purchased from Chief Oil & Gas LLC and related parties. The development of these a
Cameron reported net income of $164.6 million, or $0.66 per diluted share, for the quarter ended December 31, 2010, compared with net income in the prior year’s fourth quarter of $97.3 million, or $0.41 per diluted share. The fourth quarter 2010 results include after-tax charges of $6.2 million, or
Polarcus Limited announced that the official steel cutting ceremony of newbuild NB292 took place on 07 February 2011. Vessel NB292 is the first of two newbuilds ordered from Ulstein Verft AS of Norway and announced by Polarcus on 18 November 2010. The vessels are being built to the ULSTEIN SX134 des
Safety regulators from all over the world will be meeting in Stavanger this autumn to review follow-up activities in the wake of the Deepwater Horizon disaster. The International Regulators’ Forum (IRF) conference in Vancouver last autumn resolved to hold an extraordinary session during 2011 to upda
DOZENS of residents shared their views on plans to build a £400-million Marine Energy Park to serve the offshore wind industry in… (thisisgrimsby) [mappress] Source: thisisgrimsby, February 09, 2011
Chevron Corporation today announced a further drilling success in the Carnarvon Basin offshore Western Australia, Australia’s premier hydrocarbon basin. The Orthrus-2 well is located in the WA-24-R permit area approximately 60 miles (100 kilometers) northwest of Barrow Island. The well was drilled t
Chevron Corporation today announced a further drilling success in the Carnarvon Basin offshore Western Australia, Australia’s premier hydrocarbon basin. The Orthrus-2 well is located in the WA-24-R permit area approximately 60 miles (100 kilometers) northwest of Barrow Island. The well was drilled t
We hear new murmurs that the Pine Belt and Hattiesburg, specifically, could benefit greatly from planned expansion of the state Port of … (hattiesburgamerican) [mappress] Source: hattiesburgamerican, February 9, 2011;
