Wärtsilä, a leading global supplier of flexible and efficient power plant solutions, said it has been awarded the contract to supply a new, gas-fuelled power plant to Indonesia. When operational, it will serve the regional electricity grid, and will be the first ever gas-fired combustion engine base
Buccaneer Energy Limited announced the following update in respect to its 100% owned Kenai Loop project located onshore Cook Inlet, Alaska. The Kenai Loop # 1 well commenced production on 14 January 2012 (US time). Since that time normal equipment commissioning issues have been encountered and recti
MEO Australia said today that Commonwealth – Western Australia Offshore Petroleum Joint Authority has granted a five year renewal of Petroleum Exploration Permit WA-360-P. The renewal includes the mandatory relinquishment of seven of the original 15 graticular blocks which comprised the permit and r
Germany’s largest internationally active oil and gas producer, Wintershall, is continuing to step up its activities in the southern North Sea and is now launching natural gas production from the K18-Golf field in the Dutch North Sea. By carefully designing the well and deploying a new down hole comp
NOVATEK said that its total revenues grew by 50.5% year-on-year to RR 176,064 million in 2011, from RR 117,024 million in 2010, reflecting the overall growth in the company’s hydrocarbon production and sales volumes as well as higher prices for both natural gas and liquid hydrocarbons. Profit attrib
Novatek of Russia plans to announce a tender for an construction contract to build an LNG plant at the Yamal LNG project this month, Bloomberg reported, citing Chief Executive Officer Leonid Mikhelson. Yamal LNG, a 80% subsidiary of NOVATEK, is engaged in the engineering and design work for the cons
China Yuchai International Limited announced that its main operating subsidiary, Guangxi Yuchai Machinery Company Limited (GYMCL) has inaugurated a new project to develop and produce a full portfolio of natural gas powered engines to complement its existing suite of diesel engines. Customers will be
Belgium’s Zeebrugge liquefied natural gas terminal is set to re-export a cargo of LNG on March 15. The cargo will be shipped by the Methania, a 131,325 m3 tanker. Methania is due to arrive at Zeebrugge terminal on March 13, according to shipping data. The Zeebrugge terminal is operated by Fluxys LNG
Wärtsilä, the marine industry’s leading systems integrator and solutions provider, has launched its new Medium Voltage Power Drive. The product will enable the delivery of electro and automation systems for large, electric propulsion vessels, such as drilling rigs and tankers, large passenger and cr
GE and Chesapeake Energy Corporation today announced a collaboration to develop infrastructure solutions that will help accelerate the adoption of natural gas as a transportation fuel. This groundbreaking technology and services project marks a significant milestone toward increasing energy independ
Westport Innovations Inc., the global leader in natural gas engines, said that its wholly owned subsidiary, Westport Innovations (Australia) Pty Ltd., has entered into a business sale agreement (BSA) to purchase certain assets of Advanced Engine Components Limited (AEC) of Perth, Western Australia,
BG Group is considering the sale of a stake in the Queensland Curtis LNG project in Australia, Reuters reported, citing unnamed sources. BG may sell between 15 and 20 percent of the QCLNG project and could raise up to $2 billion from the sale. QCLNG project involves expanding exploration and develop
Golar LNG Limited announced that Board member Tor Olav Troim has yesterday extended a forward contract in respect of 200,000 shares in the Company. The new forward contract expires on 6 September 2012 at a price of NOK 78.179 per share. After this trade, Mr. Troim has an exposure of 386,001 Golar sh
The U.S. Energy Information Administration (EIA) said in a report it expects that natural gas consumption will average 68.9 billion cubic feet per day (Bcf/d) in 2012, an increase of 2.1 Bcf/d (3.1 percent) from 2011. EIA expects that large gains in electric power use will offset declines in residen
