GE Energy announced that it is investing $10 million in the development of a new Oil & Gas Training Facility to support and advance training and development for its customers and employees. Training at the facility will focus on customer, technical and leadership skills aimed to meet the changing ne
Gasol, the West African energy development company, provided the following strategy update and also announcef the appointment of David Shipway as Head of Upstream Gas Projects and Michael Kunz as Head of Power Project Development. Strategy update Gasol’s strategy is to develop its own gas reserves i
The U.S. Energy Information Administration (EIA) said in a report that U.S. natural gas consumption will average 70.2 billion cubic feet per day (Bcf/d) in 2012, an increase of 3.4 Bcf/d (5.1 percent) from 2011 and an upward revision of 0.6 Bcf/d from last month’s Outlook. EIA expects that large gai
The U.S. re-exported only one LNG cargo in March, according to U.S. DOE. The cargo was shipped from the Freeport LNG terminal on March 18 onboard the LNG Capricorn, a 126,300 cbm tanker. There are currently three U.S. LNG terminals that have been granted Federal approval to re-export LNG: Freeport i
The Al Mafyar liquefied natural gas tanker, with a capacity of 266,000 cubic metres, is due to arrive in the UK’s South Hook terminal from Qatar on May 15, according to the Milford Haven Port Authority website. The South Hook terminal can process 15.6 million tonnes of LNG a year and is capable of d
Aker Solutions’ operating revenues in the first quarter of 2012 were NOK 9.8 billion, a 15.7 per cent increase from the first quarter of 2011. Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to NOK 1 002 million with a margin of 10.2 per cent. The positive trend has co
The Export-Import Bank of the United States (Ex-Im Bank) has authorized a $2.95 billion direct loan to support U.S. exports to the Australia Pacific liquefied natural gas (LNG) project. The transaction is Ex-Im’s second-largest single-project financing in history and is also the Bank’s first LNG pro
EOG Resources reported first quarter 2012 net income of $324.0 million,. This compares to first quarter 2011 net income of $134.0 million. Consistent with some analysts’ practice of matching realizations to settlement months and making certain other adjustments in order to exclude one-time items, ad
Ezion Holdings Limited announced that the Group has been awarded a second contract to provide full logistics and support services activities for the haulage of equipment and modules for the development of LNG facilities on Curtis Island, Queensland, Australia. This LNG facility which is the second o
QGC Pty Limited , a wholly owned subsidiary of BG Group, said it has stopped a gas leak that resulted in the suspension of drilling on a rig about 25km south-west of Chinchilla on Saturday night. The rig was drilling the Argyle 162 well on a QGC-owned property. Nobody was hurt in the incident, the [
In support of President Obama’s all-of-the-above energy strategy, and the Obama administration’s goal of continuing to expand responsible oil and gas production, Secretary of the Interior Ken Salazar approved a major natural gas project in Utah’s Uinta Basin that could develop more than 3,600 new we
Belgium’s Zeebrugge liquefied natural gas terminal received a cargo of LNG onboard the 65,000 cbm LNG Portovenere today, according to shipping data. The Zeebrugge LNG terminal is situated on a 30ha site in the outer port of Zeebrugge, Belgium. It is operated by Fluxys LNG and has an annual throughpu
Foster Wheeler announced today that a subsidiary of its Global Engineering and Construction Group has signed an Asian Enterprise Framework Agreement (EFA) with Shell Global Solutions International. Under this agreement Foster Wheeler will provide engineering and project management services for Shell
Ukraine is ready to participate in the construction of the Trans-Anatolian gas pipeline from Azerbaijan through Turkey to Europe. Ukraine wants to “both make a financial contribution and provide pipes and compressor stations,” said Ukrainian Prime Minister Mykola Azarov during the meeting with Turki
