Incheon LNG terminal in South Korea is due to receive a cargo of LNG on May 16, according to shipping data. The cargo is being hauled by the Hyundai Technopia tanker, with a capacity of 135,000 cbm, and it is sailing from Qatar. Incheon LNG terminal is one of the biggest in the world and […]
BG Group today announced it has signed a memorandum of understanding (MoU) with Cosan S.A. Indústria e Comércio (Cosan) for the sale of its 60.1% holding in Comgás, Brazil’s largest gas distribution company, for approximately $1.8 billion (R$3.4 billion). Subject to partner consent, BG Group and Cos
Noble Energy announced that the Leviathan deep well offshore Israel has reached a depth of approximately 21,400 feet, the deepest known penetration in the Levant Basin. High well pressure and the mechanical limits of the wellbore design resulted in the suspension of drilling operations before the pr
Sempra Energy subsidiary Cameron LNG today announced it has signed a third and final commercial development agreement with a subsidiary of GDF SUEZ to develop the remaining liquefaction train planned at the site of the Cameron LNG terminal in Hackberry, La. With this agreement of 4 million tonnes pe
Centrica, the parent company of British Gas, said it has completed its $1,525 million (£936 million) agreement with Statoil Petroleum to acquire a package of producing and development oil and gas assets in the Norwegian sector of the North Sea. An additional payment of up to $100 million (£61 millio
Marathon Oil Corporation today reported first quarter 2012 net income of $417 million, compared to net income in the fourth quarter of 2011 of $549 million. For the first quarter of 2012, adjusted net income was $478 million, compared to adjusted net income of $552 million, for the fourth quarter of
APA Group, Australia’s gas pipeline company, said that it has been advised by its largest securityholder, Petronas Australia, that it has sold the 111.3 million securities it holds in APA, equivalent to 17.3% of APA’s issued capital, in an institutional bookbuild managed by Morgan Stanley. “APA has
Petronet LNG, India’s biggest importer of liquefied natural gas, said today that the company and Gangavaram Port Limited (GPL) signed a firm and binding term sheet for developing a land based LNG terminal at Gangavaram Port, Andhra Pradesh. The terminal will have a capacity of 5 million tonnes per y
Overseas Shipholding Group, a market leader in providing energy transportation services, reported results for the first quarter of fiscal 2012 ended March 31, 2012. For the quarter ended March 31, 2012, the Company reported TCE revenues of $214.0 million, an increase of $7.4 million, or 4%, from $20
Elering and Tallinna Sadam have chosen Vopak LNG, a LNG focussed subsidiary of Royal Vopak , as their international strategic partner for the liquefied natural gas (LNG) terminal planned at Muuga Harbour. Elering and Tallinna Sadam signed today a Letter of Mutual Intent with Vopak LNG, in which the
Metocean Services International (MSI) announced that it has been awarded an 18 month contract to provide weather forecasting services to Leighton Contractors as part of their involvement in the Gorgon project. Leighton Contractors in consortium with Saipem are carrying out the engineering, procureme
Led by Leonid Chugunov, Head of the Gazprom Project Management Department, Company’s delegation made a business trip to the Republic of Croatia. As part of the visit, the talks were held with Mladen Antunovic, President of the Board of Plinacro, on the South Stream project implementation in Croatia.
Dart Energy International Pte Ltd, the international operating arm of Dart Energy Limited, provides the following update on a number of key developments in its European operations, being: Completion of BG licence restructure Completion of Greenpark Energy acquisition Exercise of option to acquire 2
BG Group today announced another key project delivery milestone for 2012 with the first phase of development at the Margarita gas field in Bolivia now on-stream. BG Group Chief Executive Sir Frank Chapman said: “Margarita Phase I, delivered safely and to plan, will give BG Group additional net produ
