ConocoPhillips today reported first-quarter earnings of $2.9 billion, compared with first-quarter 2011 earnings of $3.0 billion. Excluding $330 million of special items, first-quarter 2012 adjusted earnings were $2.6 billion. Special items were primarily related to gains on asset dispositions, parti
China, the world’s biggest energy consumer, imported 1,126,532 of LNG in March, up 34 percent compared to a year earlier, customs data showed. In January-March, cumulative LNG imports came to 3,249,239 mt, up 40.3% on year. Most of the LNG supplies in March were shipped from Qatar, Australia and Ind
French utility GDF Suez said its revenues at March 31, 2012 were EUR 28.2 billion with a +10.5% gross increase and +8.4% organic growth supported by all business lines. EBITDA for the period reached EUR 5,821 million with a +5.7% gross increase and a +4.1% organic variation compared to March 31, 201
Alderley will be exhibiting at the Offshore Technology Conference in Houston, Texas at the Reliant Centre at the end of April 2012. Having recently announced their ongoing growth and success by securing orders in excess of USD$35 million in the first quarter of 2012, Alderley will be demonstrating i
LNG player BG Group of UK today announced a US$500 million credit agreement with Export Development Canada (EDC). The agreement has an initial term of four years with the option to extend for an additional 12 months. The agreement with EDC will build upon BG Group’s existing relationships with Canad
Ampal-American Israel Corporation said that it has been advised by East Mediterranean Gas Co. (EMG), in which Ampal has a 12.5% interest, that Egyptian General Petroleum Corporation (EGPC) and the Egyptian Natural Gas Holding Company (EGAS) notified EMG that they were terminating the Gas Supply and
Qatargas has completed ten years of operations on its offshore facilities without a Lost Time Incident (LTI) – a significant milestone demonstrating the company’s outstanding safety performance. This world class performance across the entire offshore facilities and operations is the result of the co
A high level delegation from RasGas of Qatar recently met with their counter-parts in Hyundai Heavy Industries (HHI) to mark the progression of the Offshore Construction Phase of the Barzan Gas Project in Ulsan, South Korea. RasGas’ delegation was led by the Managing Director, Hamad Rashid Al Mohann
Fairstar Heavy Transport said it has received an unsolicited, conditional, offer from Dockwise to acquire Fairstar shares at a purchase price of NOK 9.3 per share. “The Joint Supervisory and Management Boards of Fairstar have met this evening and concluded that the conditional offer for Fairstar sha
BG Group today announced the start of production from the Greater Bongkot South field in the Gulf of Thailand, approximately 200 kilometres east of the city of Songkhla in southern Thailand. The field, located some 70 kilometres to the south of the existing Bongkot North development, has new standal
Turkish state-owned natural gas company, Botas, is expected to sign a preliminary agreement with Qatargas, world’s largest LNG producer, soon, thus creating the groundwork for Turkey to import of 2.5 to 3 billion cubic metres (bcm) of Qatari LNG, Reuters informs. Speaking at a press conference in Do
In an Australian-first, three LNG proponents, Australia Pacific LNG, GLNG and QGC’s Queensland Curtis LNG Project, have signed a landmark $19.8m funding agreement to formally create Gladstone Affordable Housing(GAH), a not-for-profit company specifically structured to help respond to the shortage of
Thursday, Gazprom Management Committee Chairman Alexey Miller reported to Russian Prime Minister Vladimir Putin on the completion of the Nord Stream gas pipeline’s second string laying. “We have initiated startup and adjustment operations. In September the second string will be filled with buffer ga
Iveco, the Fiat Industrial Group company, presented on Tuesday its new Stralis liuefied natural gas (LNG) vehicle in Amsterdam. The vehicle on display is a two axle tractor unit with semi-trailer, Cursor 8 natural gas engine with a power rating 330 HP, manual gearbox, production line Intarder and EB
