Dominion said yesterday it is confident that its existing agreement with the Sierra Club and the Maryland Conservation Council permits the company to build a natural gas liquefaction plant proposed for its Cove Point facility in Lusby, Md. Thomas F. Farrell II, Dominion chairman, president and CEO,
Eni of Italy said its net profit rose 42% to €3.62 billion in the first quarter of 2012. Financial Highlights – Adjusted operating profit: up 27% to €6.45 billion – Adjusted net profit: up 13% to €2.48 billion – Net profit: up 42% to €3.62 billion – Cash flow: €4.19 billion Operational Highlights –
Dana Gas, the Middle East’s largest regional private sector natural gas company, held its 2011 Annual General Meeting (AGM) on Thursday, Chaired by the Company’s Honorary Chairman H.E. Sheikh Ahmed Bin Sultan Al Qasimi. Dana Gas’ Chairman, Mr. Hamid Jafar, reported on the Company’s 2011 business act
Yemen LNG confirmed the sabotage of the 38 inch gas pipeline that links the block 18 to the Balhaf terminal on the Gulf of Aden. “The explosion occurred at 22h20 on 26th April in a desertic zone at 260 KM North of Balhaf Liquefaction Plant. It caused no victims.,” the company said in a statement. [&
Reverse use of existing gas pipelines and trans-Caspian project have been identified as Ukraine’s major ways to diversify sources of gas supply. Currently, Ukraine imports up to 70 percent of natural gas from Russia at a price exceeding USD 500 per thousand cubic meters. Minister of Economic Develop
Exxon Mobil of USA said today that its first quarter earnings were $9,450 million, down 11% or $1,200 million from the first quarter of 2011. FIRST QUARTER HIGHLIGHTS • Earnings per share (assuming dilution) were $2.00, a decrease of 7%. • Capital and exploration expenditures were $8.8 billion, up 1
According to the statements of Simon Henry, Shell Chief Financial Officer, cited by Reuters, options are being tabled on potential sharing of planned LNG facilities in Queensland, Australia, in which process gas would be taken from one producer and put through others’ facilities. At the moment, ther
Chart Industries, a leading independent global manufacturer of highly engineered equipment used in the production, storage and end-use of hydrocarbon and industrial gases, said today that its wholly-owned subsidiary, Chart Energy & Chemicals has been awarded a contract to provide Brazed Aluminum Hea
On 21 April 2012, Guangan LNG Plant invested and constructed by China Natural Gas Co., Ltd., of which Kunlun Energy Company Limited is the holding company, officially commenced operation in Guangan Xinqiao Industrial Zone. Mr. Guo Yongxiang, Deputy director of the People’s Congress Standing Committe
As of April 16th, 2012, ENAP’s CEO, Ricardo Cruzat Ochagavía, announced that Empresa Nacional del Petróleo, ENAP, has decided to reorganize its top management in order to adjust its structure to the new scenario faced by the company by optimizing its business areas. From this date, the refining, log
The Sierra Club filed a formal protest to the U.S. Department of Energy (DOE) on Tuesday, challenging a proposal to export billions of cubic feet of domestic natural gas from a facility on Lake Charles in Cameron Parish, LA. The Sierra Club’s protest challenges natural gas companies’ efforts to secu
The Al Ghariya LNG carrier, with a capacity of 210,000 cubic metres, is due to arrive in the UK’s South Hook terminal on May 3, 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 delivering 21 billion cubic [
The largest oil/gas producer and distributor in China, PetroChina, has launched construction of the Tai’an plant, the country’s largest onshore gas liquefaction plant with home-grown technology and equipment of estimated value rising to $237.94 million, Reuters informed. The construction of the plan
Fortune Oil today reported its results for the financial year ending 31 December 2011. Financial highlights Revenues including share of jointly controlled entities increased by 10% to £625 million (2010: £567 million). Fortune Oil achieved record profit attributable to shareholders in 2011, up 39% t
