According to Farouk al-Zanki, the CEO of state-owned Kuwait Petroleum Corp. (KPC), with an aim of meeting the surging demand for gas Kuwait is about to launch its year-round imports of LNG as of 2013, Platts informs. Since 2009 Kuwait, member of the Organization of the Petroleum Exporting Countries
The LNG Kano carrier, with a capacity of 148,565 cubic metres, is scheduled to arrive in the Taiwan’s Yung-An terminal from Nigeria on April 13, according to port data. This is the second LNG cargo that is due to arrive at Yung-An terminal this week. The LNG receiving terminal is located in Taichung
Marathon Oil Corporation announced that it has entered into a definitive agreement with Hilcorp Alaska LLC, under which Hilcorp will purchase substantially all of Marathon Oil’s Alaska assets. The companies expect to close the transaction, subject to completion of the necessary Government and regula
The Shorebase Operations Support team of the Well Management Department of RasGas recently celebrated 15 years without a Lost Time Incident and 11 years without a Recordable Incident. Congratulating the Shorebase team for its outstanding safety record, Hamad Rashid Al Mohannadi, RasGas Managing Dire
Fairstar Heavy Transport announced the Company’s new build 50,000DWT semi-submersible vessel FORTE has departed the quayside and begun a series of tests and sea trials off the coast of China. The sea trials will be under the supervision of Det Norske Veritas (DNV), the vessel’s Classification Societ
Dart Energy International, the international operating arm of Dart Energy Limited, has entered into a mandate with HSBC Bank to arrange an up to US$100 million senior secured revolving borrowing base facility for development funding of Dart International’s near term revenue projects. Material terms
Woodside announced that the Commonwealth Minister for Resources and Energy and the WA Minister for Mines and Petroleum have approved amendments to the Browse Basin retention leases. The amendments include extending the condition relating to readiness for a final investment decision on the proposed B
The next generation of Papua New Guinean scientists will benefit from an advanced laboratory dedicated to diagnostics funded in part by the PNG LNG Project. As part of the PNG LNG Project’s efforts to improve the health of families and communities around the country, the Project has partnered with t
RasGas recently organised the company’s third Supply Forum at Katara Hall in Doha. The networking platform with the theme, “Sharing Experience,” was attended by more than 250 local and international suppliers of the company. The Forum saw the coming together of RasGas senior management and its suppl
An Egyptian pipeline, which transports gas to Israel and Jordan, was attacked on Monday. The blast struck in the northern Sinai at the entrance of the Mediterranean coastal town of Al-Arish. This was at least the 14th attack on the pipeline since the end of the Mubarak regime last year. Israel impor
Gas Natural Fenosa of Spain is eyeing the controlling stake in BG’s subsidiary Gujarat Gas of India, according to media reports. BG’s 65 percent stake in Gujarat Gas is valued at about $700 million at the current market price. The company acquiring the BG holding will have to make a mandatory open o
The Aamira LNG carrier, with a capacity of 266,000 cubic metres, is due to arrive in the UK’s South Hook terminal on April 16, according to the Milford Haven Port Authority website. This is the third cargo that is scheduled to arrive at the South Hook terminal in the next seven days and they are [&h
Indonesia’s LNG exports rose by 11.8 percent in February from the same period last year, according to data from the Indonesia Central Bank. The country exported 1.558 million mt in February, up from 1.394 million mt in February 2011. The average price received for LNG in Feb was about $671.29/mt. In
Japan’s Tokyo Electric Power (TEPCO) burned 2,070,000 mt of LNG in March, up 17.3 percent on year. TEPCO used 1,966,000 mt of LNG in February, up 24.3 percent on year. Japan’s consumption of LNG surged in the aftermath of the March 11 earthquake. Power companies account for two-thirds of total Japan
