CNPC and China Shipping (Group) Company signed on Tuesday a strategic cooperation agreement in Beijing. The two companies will further enhance cooperation to leverage China Shipping’s shipping capacity and guarantee the transportation of CNPC’s crude, refined oil, LNG and chemical products, as well
The Gazprom Management Committee took notice of the information about the status of the Bovanenkovo field pre-development on the Yamal Peninsula as well as the Bovanenkovo – Ukhta gas trunkline system (GTS) construction. By now, 131 pre-development facilities have been put onstream at the Bovanenkov
A recently completed analysis of the U.S. and Canadian Natural Gas Vehicle Market found that while there are cost and infrastructure challenges to the broader use of Compressed Natural Gas (CNG) and Liquefied Natural Gas (LNG) vehicles, demand for natural gas vehicles has increased. Using 2009 numbe
World LNG market is undergoing rapid changes as it witnesses the newly entry of buyers from Asia. In China, a couple of LNG terminals are under construction by PetroChina and the capacity of domestic LNG production is expected to double this year. While the revised Natural Gas 12th five-year plan is
As part of the ongoing ramp-up phase and as preparation for the operation of Nord Stream as a twin-pipeline gas transportation system, Nord Stream AG is conducting load tests for Line 1. Over the past three days Line 1 has been operating at full capacity of app. 75 million cubic meters per day which
Spain’s Bilbao import terminal is scheduled to receive a shipment of LNG from Trinidad next week, according to port data. The cargo is being hauled by the Iberica Knutsen carrier, with a capacity of 130,000 cubic metres, and it is due to arrive at the Bilbao terminal on June 2. Bilbao terminal facil
Cheniere Energy Partners announced today that it will launch the syndication of two new credit facilities totaling approximately $2 billion with a bank meeting to be held on Tuesday. The new senior secured syndicated credit facilities include approximately $750 million at Cheniere Partners and appro
Pacific Rubiales Energy provided a strategic and operational update relating to the results of the recent testing of the Triceratops-2 appraisal well where the Company holds a net 10% non-operated participating interest in the well drilling on Petroleum Prospective License 237 (PPL-237), onshore Pap
Statoil together with operator Repsol Sinopec and partner Petrobras confirm the significant potential of the pre-salt block BM-C-33 in the Campos basin offshore Brazil. The total estimated resources of the block amount to more than 700 million barrels of light crude and 3 Trillion cubic feet (Tcf) o
The Gazprom headquarters hosted a regular meeting of Alexey Miller, Chairman of the Company’s Management Committee and heads of Russian pipe manufacturers. Taking part in the meeting were Deputy Chairmen and Members of the Gazprom Management Committee, heads of the Company’s specialized structural u
The U.S. Energy Information Administration (EIA) said in a report that between 2009 and 2011, Pennsylvania’s natural gas production more than quadrupled due to expanded horizontal drilling combined with hydraulic fracturing. This drilling activity, which is concentrated in shale formations that cove
UK’s Dragon LNG terminal received a cargo from Nigeria today onbaord the 145,613 cbm Methane Heather Sally, according to shipping data. BG and Petronas between them have contracted for the full capacity at Dragon LNG’s Milford Haven site over the next 20 years. BG owns 50 per cent of Dragon LNG Term
Blue Energy of Australia announced that its wholly owned subsidiary, Eureka Petroleum, has been successful in securing 3 large exploration blocks in the Queensland sector of the Georgina Basin, together with a 4th exploration block in the Carpentaria Basin in northern Queensland. The Queensland Gove
Yokogawa Electric Corporation said that its subsidiary Yokogawa Australia Pty. Ltd. has been advised that it will receive orders to supply the control systems for the Ichthys LNG project, which is being developed in Australia. The Ichthys LNG Project is a joint venture between INPEX (76%, the operat
