China Natural Gas said its revenue in the first quarter of 2012 increased by 33.9% to $32.28 million from $24.11 million in the first quarter of 2011, driven by the company’s LNG production facility in Jingbian County, Shaanxi Province, and the increase in the number of residential and commercial pi
CBM Asia announced it has entered into a Joint Study and Bid Group agreement with Continental Energy Corporation to investigate coalbed methane (CBM) exploration and development opportunities in Indonesia. Under the agreement, CBM Asia and Continental will jointly and exclusively study selected area
The launching ceremony of the last of four LNG-fueled ferries built for Norway’s Torghatten Nord took place in REMONTOWA SHIPBUILDING on 11th of May 2012. During three – year cooperation Torghatten Nord has ordered construction of eight modern ferries of different propulsion, power of engine as well
Cheniere Energy Partners announced today that it has entered into a Unit Purchase Agreement with investment funds managed by Blackstone Energy Partners and Blackstone Capital Partners. Under the Agreement, Blackstone has agreed to purchase $1.5 billion newly issued CQP Class B units from Cheniere Pa
Excelerate Energy is moving forward with the development of the first floating liquefaction facility in the United States utilizing its Floating Liquefaction Storage Offloading vessel (FLSO) technology. The Lavaca Bay LNG project will be located in Port Lavaca, situated between Galveston and Corpus
Two of the world’s largest oil companies, Royal Dutch Shell and Chevron, obtained the right to develop Ukrainian shale gas fields Yuzivske and Oleske, informed Prime Minister of Ukraine Mykola Azarov in his interview with Euronews. The fields are expected to provide Ukraine with up to ten percent of
Sakhalin Energy, the operator of Sakhalin-2 – one of the world’s largest integrated oil and gas project – plans to continue shipping additional volumes of LNG in 2012 at the request of Japan. This is stated in the company’s 2011 sustainable development report. The document states that after the eart
Japan’s Tokyo Electric Power (TEPCO) said that it plans to use 23.3 million tonnes of LNG in fiscal 2012. TEPCO burned 1,897,000 mt of LNG in April, up 15.1 percent on year. Japan’s consumption of LNG surged in the aftermath of the March 11 earthquake. Power companies account for two-thirds of total
One of Scotland’s leading offshore engineering and fabrication companies is establishing its first permanent base in Norway this week, First Minister Alex Salmond announced today during his visit to the country. Global Project Services, a subsidiary of the Global Energy Group, which has been operati
Wärtsilä Hamworthy, the global leader in environmental and liquid cargo handling solutions for the marine and oil & gas markets, has won a contract to supply its Flare Gas Recovery packages to four floating production, storage and offloading (FPSO) units under construction for Petrobras. The units,
Taiwan’s Yung-An LNG terminal is due to receive another cargo of liquefied natural gas this week, according to Kaohsiung Port Authority. The Puteri Delima tanker, with a capacity of 130,000 cbm, will reach Yung-An terminal on May 18. The Yung-An terminal is Taiwan’s first liquefied natural gas recei
Santos of Australia said recent gas discoveries around the Hides gas field have made a third train at the Papua New Guinea LNG project more likely, Reuters reported, citing Santos chief executive David Knox. “There’s a good prospect that we’ll have a train 3, it’s hard to tell when,” he said. The PN
In the first quarter of 2012, the PGNiG Group posted a PLN 297m net profit, down by 71% from PLN 1.025bn in Q1 2011. One of the main reasons behind the decline, despite a 27% growth in revenue (to nearly PLN 9bn), was a negative margin on sales of high-methane gas (-10%). This was, in […]
Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company, announced its financial results for the first quarter ended 31st March 2012 with a net profit after tax of AED 206 million, more than double that reported in the first quarter of 2011. Financials Gross revenue of A
