To meet goals set out in the Twelfth Five-Year plan, China should build up to 60 new LNG carriers worth $12 billion between now and 2020, according to SinoShip News. Beside Hudong-Zhonghua, China will select a minimum of four shipyards to build these LNG carriers. As SinoShip News says that the numb
Total announces, together with its partners Repsol, Inepetrol and Otepi, having taken the final investment decision for a new development phase of the Yucal Placer gas field, operated by Ypergas, and located in Guárico State, Venezuela. The production capacity of this field, which came on stream in
Origin Energy Limited (Origin), as Operator of the Kupe Joint Venture, has announced that the initial proved and probable (2P) reserves in the Kupe field have increased. Kupe’s initial 2P sales gas reserves have increased by 18.3%, LPG reserves by 22.8%, while light oil (condensate) reserves have de
Technip was awarded by Apache Energy Ltd a subsea installation contract worth approximately A$60 million (about €50 million) for the Balnaves oil field development, located in the Carnarvon Basin, offshore North Western Australia, at a water depth of approximately 135 meters. The contract includes t
State-run gas company GAIL is just steps away from signing a 20-year contract for shipping two million tonnes of LNG a year from US east coast, The Times of India said, citing sources close to the development. Value of this contract would be approximately $12 billion. GAIL executives were in the US
Peru LNG shipped a liquefied natural gas cargo to Spain on July 09, according to PeruPetro S.A. The cargo is being hauled by the Ribera del Duero Knutsen, a 173,000 cubic-meter tanker owned by Knutsen OAS Shipping. The Peru LNG project includes two parts: an LNG plant with a marine terminal from whi
GreenMan Technologies, Inc. announced that its American Power Group Inc. subsidiary has worked with EQT Corporation and Linde North America to complete the first dual fuel rig conversion in the Marcellus Shale using liquefied natural gas. EQT’s initial rig conversion is operating in Northern West Vi
Golar LNG Limited announced today that it has entered into an agreement to sell the ownership interests in the companies that own and operate the floating storage and regasification unit Nusantara Regas Satu (formerly Khannur) to Golar LNG Partners L.P. for a price of USD385 million. The company exp
As the China Daily reports, the first series of 76 LNG buses started working in Dalian, China’s Liaoning province on July 8, 2012. Dalian is going to invest about $47.1 million in refreshing the public buses fleet. Dalian plans to buy another 220 LNG buses and to set up three LNG stations. [mappress
On Friday, Polish Ministry of Environment published the report on the country’s shale gas search. The biggest number of shale gas searching in Europe takes place in Poland. – “Since the beginning Poland has been the leader of shale gas searching In Europe. The investors adhere to their liabilities –
According to Busines Inquirer, Royal Dutch Shell is considering if it needs to involve in the planned $2.1 billion Batangas-Manila (BatMan 1) natural gas pipeline project of the Philippine government. In an interview at the Shell Eco-Marathon Asia 2012, CFO of Shell, Simon Henry said that this consi
Breitling Oil and Gas Corporation, an independent exploration and production company based in Irving, Texas, will present at Terrapinn’s Shale Gas World Asia held between July 10 and July 11, 2012 at the Grand Copthorne Waterfront Hotel in Singapore. The presentation, entitled “Global shale gas deve
With China’s natural gas consumption set to almost treble over the next eight years, the Asian giant will draw from all available sources to keep up with demand, says a new report titled “Increasing Natural Gas Demand in China – Diversification of Gas Sources to Ensure Future Supply”. According to t
NGV Bologna 2012, the third NGVA Europe International Show & Workshops, was successfully held on June 19-21, 2012, in the city of Bologna, Italy. The industry meeting lived up to the expectations and proved to be what it promised: the international NGV event of the year. Being supported by literally
