Lloyd’s Register has approved new prismatic IMO Type B independent cargo tanks, so called ACTIB (Aluminium Cargo Tank Independent Type B). The initial approval is for use in a DSME-developed 210,000 m3 STD LNG-RV design in accordance with LR’s Guidance notes for liquefied gas carriers and floating o
Golar LNG reported consolidated net income of $15.2 million and consolidated operating income of $27.8 million for the first quarter of 2012. Highlights – Golar LNG increases quarterly cash dividend by $0.025 cents to $ 0.35 cents per share – Golar raises $250 million through a convertible bond tran
BG Group today said it had reached agreement to sell its 40% equity interest in two gas-fired power generation plants in the Philippines to its partner in the facilities, First Gen Corporation, for net cash proceeds of $360 million. The sale and purchase agreement, completed on signing, covers the 1
Japan Petroleum Exploration Co. Ltd (JAPEX) and Mitsubishi Corporation (MC) announced that Kangean Energy Indonesia Ltd. (Operator), a wholly-owned subsidary of Energi Mega Pratama Inc. (JAPEX and MC each makes a 25% investment in Energi Mega Pratama) based in Republic of Indonesia, has started comm
Nord Stream started today the first of two all-important underwater tie-ins of its second gas pipeline through the Baltic Sea. In this complex two-week-long offshore operation, two of the pipeline’s three sections will be joined together 80 metres underwater inside a hyperbaric welding habitat on th
In the 1st Indonesian International Bid Round 2012, Eni has been awarded the East Sepinggan block with a 100% participating interest. The block, located in the offshore East Kalimantan, about 170 kilometers south east of the Bontang LNG processing facility, covers an area of 2,913 square kilometers
Indonesia’s LNG exports rose by 7,2 percent in March from the same month last year, according to data from the Indonesia Central Bank. The country exported 1.894 million mt of LNG in March, more than in February this year when LNG exports reached 1.558 million mt. The average price received for LNG
Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Wang Dongjin, Vice President of the China National Petroleum Corporation (CNPC) had another round of commercial talks. “The meeting discussed a wide range of issues related to arranging Russian pipeline gas and LNG supplies
Taiwan’s Yung-An LNG terminal is due to receive a cargo of liquefied natural gas this week, according to Kaohsiung Port Authority. The Puteri Zamrud tanker, with a capacity of 137,000 cbm, will reach Yung-An terminal on June 1. The Yung-An terminal is Taiwan’s first liquefied natural gas receiving t
Origin Energy announced that drilling of the Geographe 2 development well in Victoria’s Otway Basin commenced today. Geographe 2 is one of two wells being drilled by Origin on behalf of the VIC/L23 joint venture as part of the Geographe gas field development. The wells will be completed and connecte
Nexus Energy announced that documentation for the alignment and consolidation of interests in AC/L9 containing the Crux Field and the Auriga and Caelum prospects are well progressed. Nexus Energy signed in January a non-binding Heads of Agreement (HOA) with Shell Development (Australia) Pty Ltd and
BG Group of UK today announced it had signed a definitive binding agreement with Cosan S.A. Indústria e Comércio for the sale of the Group’s entire 60.1% holding in Comgás for Brazilian reais 3.4 billion in cash, or approximately $1.7 billion. In addition, the transaction will reduce debt on the BG
Belgium’s Zeebrugge liquefied natural gas terminal re-exported an LNG cargo yesterday, according to shipping data. The cargo is being hauled by the Methania, a 131,000 cubic-meter tanker, and it is sailing to Bahia Blanca in Argentina. Fluxys, the operator of the terminal, said that it has unloaded
Repsol of Spain said that its Board of Directors approved the 2012-2016 Strategic Plan. At the same time, and to aid the execution of the Strategic Plan and with the focus on its future vision, Repsol’s Board unanimously approved a proposal submitted by the Chairman with the prior report issued by t
