Fortune Oil said that Fortune Max Holdings has purchased 12,938,000 additional shares in China Gas Holdings. Fortune Max is a private company controlled and beneficially owned by Mr Daniel Chiu, a director and substantial shareholder in Fortune Oil. Fortune Max is therefore deemed for the purposes o
Despite the decline in demand for gas in Europe in 2012, Gazprom has not changed its forecasts for exports, said the head of the gas company, Alexei Miller at the press conference in Omsk. “With regard to exports, we have not changed our targets. Now we are only in the second quarter, the first half
Cue Energy Resources said it has started drilling the Banambu Deep exploration well, offshore Western Australia. The drilling of the Banambu Deep prospect has commenced with the spudding of the well at 16:30 hours WST on 29 May 2012. The well is anticipated to take approximately 50 days to drill. Th
Delek Group of Israel said that its revenues for the first quarter of 2012 were NIS 17.8 billion, a 38% increase compared with NIS 12.9 billion in the first quarter of 2011. Net income for the first quarter of 2012 totaled NIS 110 million, compared with a net income of NIS 210 million in the [&helli
Reliance Power of India and Royal Dutch Shell said today that they will jointly set up an LNG terminal off Kakinada in Andhra Pradesh by 2014. Shell and Reliance Power will together hold a majority stake in the consortium that will set up the floating LNG terminal with a capacity of 5 million mt, wh
Kunlun Energy said it has signed a “Cooperation Agreement in Relation to Joint Promotion of High Efficient Utilization of LNG Clean Energy” with municipal government of Hefei, Anhui Province, which aims to further promote LNG vehicles and speed up the construction of refilling station and auxiliary
Gasnor and Brunsbüttel Port are planning to build an LNG bunker station at Brunsbüttel, Germany. DNV has been contracted to conduct the risk studies of the project, which will be the basis for the authorities’ approval of the project. With this important step Gasnor and Brunsbüttel Port are leading
Kinder Morgan said that it has completed its acquisition of El Paso Corporation. Combining the two companies makes Kinder Morgan the largest midstream and the fourth largest energy company (based on combined enterprise value) in North America. “We are delighted to close the El Paso transaction and w
The Board of Directors of Eni today approved the sale of 30% less one share of the outstanding shares of Snam to Cassa Depositi e Prestiti (CDP), and the essential terms and conditions related to the transaction. As already announced, Eni is hereby acting promptly in response to the Decree of the Pr
Wärtsilä, the marine industry’s leading solutions provider, has now been contracted to supply Wärtsilä 50DF dual-fuel propulsion engines to 100 Liquefied Natural Gas (LNG) Carrier vessels. This notable milestone was recently passed with the supply of an LNG carrier in a South Korean shipyard. The 10
Jilin Jigang Clean Energy, of which Kunlun Energy is the holding company, was established last week in Songyuan, Jilin province. Jigang Company is a joint-stock company jointly funded and established by Kunlun Energy and Jilin Petroleum, and is held as to 51% by Kunlun Energy and as to 49% by Jilin
Chevron Corporation highlighted the company’s 2011 performance and discussed future growth plans at its 2012 Annual Meeting of Stockholders. “Chevron has tremendous performance momentum and a unique combination of strategic advantages,” said John Watson, chairman and CEO. “We have advantages today b
The U.S. Energy Information Administration (EIA) said in a report that Japan’s use of thermal generation—the combined amount of electricity generated from natural gas, oil, and coal-fired plants—was up 40% for January-April 2012, compared to the same period in 2011 due to the Tohoku earthquake and r
Trinidad and Tobago shipped an LNG cargo from the Point Fortin terminal yesterday, according to shipping data. The cargo is being carried by the British Merchant, a 138,000 cubic-meter tanker and the destination of the cargo is unknown at this moment. Point Fortin LNG terminal produced 14,664,884 mt
