The LNG Portovenere tanker, with a capacity of 65,000 cubic metres, is due to arrive in the Zeebrugge LNG terminal on May 8, according to shipping data. The liquefied natural gas tanker will probably load in a re-export cargo and depart from the Zeebrugge terminal next day. The Zeebrugge LNG termina
ConocoPhillips announced that it has completed the spinoff of its downstream businesses to its stockholders. With the completion of this transaction, ConocoPhillips is the world’s largest independent exploration and production (E&P) company, based on proved reserves and production of liquids and nat
Chesapeake Energy Corporation today announced financial and operational results for the 2012 first quarter. For the 2012 first quarter, Chesapeake reported a net loss to common stockholders of $71 million ($0.11 per fully diluted common share), ebitda of $597 million (defined as net income (loss) be
During the month of May, Canaport LNG will begin work related to the upgrade of the BOG compression system project announced earlier this year. This work will take place during a temporary suspension of Terminal operations. As a result of the suspension of Terminal operations, Canaport LNG will expe
KBR announced that David Zelinski has joined KBR as president of the Downstream business unit. David will be responsible for providing leadership to the Downstream business unit for KBR’s Hydrocarbons group. David brings to KBR 28 years of industry experience in the engineering and construction of l
Santos of Australia today announced that the GLNG project participants have executed a binding Heads of Agreement with Origin Energy for the purchase of 365 petajoules (PJ) of gas for supply to the GLNG project. The gas will be supplied at Wallumbilla at a rate of 100 terajoules per day over a perio
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 May 2. The Yung-An terminal is Taiwan’s first liquefied natural gas receiving te
Anadarko Petroleum Corporation announced first-quarter 2012 net income attributable to common stockholders of $2.156 billion, or $4.28 per share (diluted). These results include certain items typically excluded by the investment community in published estimates. In total, these items increased net i
The Australian Petroleum Production and Exploration Association (APPEA) says the recommendations of a report released today by the NSW Upper House would have dire consequences for households and industry that rely on gas supplies at a competitive price. APPEA Chief Operation Officer Eastern Australi
BP today reported its financial results for the first quarter of 2012. Underlying replacement cost profit, adjusted for non-operating items and fair value accounting effects, was $4.8 billion for the quarter, compared to $5.0 billion in the previous quarter. The quarter’s result was impacted adverse
QGC Pty Limited has awarded a A$15.5 million contract to Queensland company J Hutchinson Pty Limited, trading as Hutchinson Builders, for a twostorey operations and production support centre in Chinchilla. The new building will be on the corner of the Warrego Highway and Carmichael Street, near QGC’
Woodside announced that it has accepted an offer from Japan Australia LNG (MIMI Browse) Pty Ltd to purchase a minority portion of Woodside’s equity in the proposed Browse LNG Development for US$2 billion, subject to joint venture pre-emption rights. The sale involves MIMI taking 16% interest in the
Qatargas is the first ever company outside of Europe to have trained up in-house City & Guilds, assurance scheme assessors. The Ras Laffan Terminal Operations (RLTO) team of Qatargas embarked upon a “Terminal Training Assurance Scheme” in early 2011 which consisted of three stages; Training, On-The-
Tap Oil announced that it has completed the sale of its wholly owned subsidiary, Tap (Harriet) Pty Ltd, to a subsidiary of Apache Corporation. The sale was first announced to the ASX by Tap on 13 February 2012. Tap (Harriet) Pty Ltd holds a 12.2229% interest in the Harriet Joint Venture (HJV) as wel
