OAO Sovcomflot of Russia said its 2011 gross revenue rose 9.6 percent to USD 1,438.9 million compared with USD 1.312,9 million in 2010. Highlights Net profit for 2011 USD 53.7 million (2010: USD 164.3 million) Total fleet size 155 owned and chartered vessels, representing 11.5 million tonnes DWT (20
Chart Ferox, fully owned European subsidiary of Chart Industries, has received a contract to design, build, and deliver an LNG (Liquid Natural Gas) fuel system for a fast ferry which will be built by Incat, Australia. The boat will be the first catamaran powered by 27,000 HP gas turbines fuelled by
The U.S. Energy Information Administration (EIA) said in a report that between 1980 and 2010, global consumption of dry natural gas rose from 53 trillion cubic feet (Tcf) to 113 Tcf. Although consumption in North America saw the slowest regional growth in percentage terms (29%) from 1980 to 2010, th
CME Group said ti will launch the world’s first cleared financial derivatives contract for liquefied natural gas Monday, in a bet that burgeoning gas trading will spur demand for such instruments. The launch comes years ahead of an expected huge outflow of LNG from North America, which many in the i
After one year in Japan, nine young PNG engineers have returned home to a new job with the PNG LNG Project. “This experience has prepared me for the challenges that lie ahead,” reported Cain Desiang, Electrical Engineer. Mr Desiang is referring to the comprehensive training he received from Chiyoda-
Blue Energy announced that its Share Purchase Plan (SPP) has closed heavily oversubscribed. A total of $17.6 million was raised by the SPP. However, under listing Rule 7.1, this figure was required to be scaled back to a maximum of $13.5 million, which represents the value of 30% of the company’s is
The Onaiza LNG carrier, with a capacity of 210,000 cubic metres, is due to arrive in the UK’s South Hook terminal from Qatar on April 19, 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 billi
The North West Shelf LNG sellers and Kyushu Electric Power agreed a six year contract extension under the existing agreement signed in February 2007. The contract extension results in the sale of over 5 million tonnes and will see the North West Shelf Project supply LNG to Kyushu Electric under this
Shell Malaysia upstream operating company Sarawak Shell Berhad and partner PETRONAS Carigali Sdn Bhd signed two new exploration and production sharing contracts (PSCs) with PETRONAS. The contracts represent new Malaysian acreage for the multinational. Andrew Brown, Royal Dutch Shell’s Upstream Inter
In remarks to reporters, API Director of Regulatory and Scientific Affairs Howard Feldman called for EPA to make “crucial” reforms to its proposed New Source Performance Standards for emissions from oil and natural gas development, including hydraulic fracturing operations, before the agency finaliz
CBM Asia Development said it has been informed by the operator Newton Energy Capital that the first coalbed methane exploration test well (CBM-KW-02) has been completed at the Kutai West Coalbed Methane Production Sharing Contract block, located in East Kalimantan, Indonesia. CBM Asia holds an 18% w
Indonesia’s first LNG receiving and regasification terminal is expected to start operation soon as Regas Satu Floating Storage and Regasification Unit (FSRU) set sail from Jurong Shipyard in Singapore heading to Jakarta Bay. The FSRU release ceremony was conducted by the President Director of PT Per
Minister of Natural Resources, Joe Oliver, yesterday announced that the Government of Canada has approved the issuance of a 20-year licence to BC LNG Export Co-operative to export liquefied natural gas from Kitimat, British Columbia. This is the second such licence recently approved by the Governmen
Belgium’s Zeebrugge liquefied natural gas terminal is expected to receive a cargo of LNG onboard the British Merchant, a 138,000 cbm tanker, on April 15, according to port data. Fluxys, the operator of the terminal, recently said that it has unloaded 70 carriers at the Zeebrugge LNG terminal in 2011
