Changfeng Energy announced that the Company has received a $714,000 (RMB 4.5 million) one-time tax free subsidy from the municipal government of Sanya City, Hainan Province, China. This subsidy was granted to the Company as compensation for the negative effects of the higher purchasing price that th
Trinidad and Tobago’s Point Fortin LNG terminal shipped a cargo of liquefied natural gas yesterday, according to shipping data. The cargo is being hauled by the Golar Viking, a 140,000 cubic-meter tanker, and the destination of the cargo is unknown at this moment. Trinidad and Tobago’s Point Fortin
NOVATEK of Russia plans to sign contracts to sell half of the LNG produced from Yamal project after a final investment decision is made, Reuters reported, citing the company’s CEO Leonid Mikhelson. “After we take a final investment decision and before we begin project financing, we plan to sign cont
Cuadrilla Resources, the British shale gas exploration and production business, has announced the appointment of Francis Egan as the company’s new Chief Executive. Egan, who will take up this post on 9 July, has been appointed to lead Cuadrilla through its next stage of development, as the business
On the 24th of June, GDF SUEZ delivered its first cargo of liquefied natural gas (LNG) to PTT in Thailand. During the World Gas Conference in Kuala Lumpur, Malaysia, early June, GDF SUEZ has reached an agreement with PTT Public Company Limited, the national oil and gas company of Thailand, to supply
A week before the WA Court of Appeal is due to hear Richard Hunter’s challenge to Woodside’s works on James Price Point, the Minister for Planning has suddenly amended the local planning instrument to authorise Woodside to carry on works even if its planning approval is invalid. Mr Hunter has said t
Alexey Miller, Chairman of the Gazprom Management Committee and Kurt Bock, Chairman of the Board of Executive Directors of BASF, held a working meeting in the framework of St. Petersburg International Economic Forum 2012. “The parties discussed the cooperation prospects in the energy sector placing
Thailand imported 147,920 mt or two LNG cargoes in May, according to trade statistics. The country imported 418,890 mt in January-May period. Thailand has only one LNG terminal, which is located at the Map Ta Phut Industrial Estate in Rayong province, and it joined the club of LNG importing countrie
GFS Corp, having recently announced the availability of the first commercial technology that allows large mine haul trucks to operate on natural gas, is quickly following up with its second offering in the series, the EVO-MT 7770 designed for the CAT 777 series of trucks. Both systems are designed t
Peterbilt Motors Company continues to be a leader in the market for natural gas-powered vehicles. Peterbilt has been manufacturing trucks featuring liquefied natural gas (LNG) and compressed natural gas (CNG) fuel systems since 1996. Peterbilt has earned a 40 percent market share of the commercial t
Royal Boskalis Westminster N.V. announced that its associated company Smit Lamnalco has been awarded a 10-year contract with additional extension options by Esso Highlands Limited (a subsidiary of ExxonMobil) for providing terminal services at the Papua New Guinea liquefied natural gas (PNG LNG) exp
GE and REP Holding (REPH), a Russian power engineering company, have signed a contract to assemble an additional 28 GE MS 5002E gas turbines at REPH’s Nevsky Zavod manufacturing facilities. The deal is the third to be covered under a technology transfer and licensing agreement signed by GE Oil & Gas
BP of UK announced that it has agreed to sell its interests in the Jonah and Pinedale upstream operations in Wyoming to LINN Energy. Under the agreement, LINN Energy has agreed to pay BP $1.025 billion in cash for the assets. Completion of the sale is subject to closing conditions including the rece
Peru LNG shipped a cargo of liquefied natural gas to Mexico on June 22, according to PeruPetro S.A. The cargo is being hauled by the STX Frontier, a 153,600 cubic-meter tanker, and it is sailing to Mexico’s Manzanillo terminal. The Peru LNG Project includes two parts: an LNG Plant with a Marine Term
