Norway’s Hammerfest LNG terminal shipped an liquefied natural gas cargo yesterday, according to shipping data. The cargo is being hauled by the Excelerate, a 138,000 cubic-meter tanker. The destination of the cargo is Port Said at this moment. The Statoil-operated Hammerfest terminal has a capacity
Oil Search said that it has acquired a 50% interest in PPL 277 from Kingsbury Limited, a wholly owned subsidiary of New Guinea Energy (NGE). The consideration for the purchase comprises a cash payment of US$7.5 million. Subject to further conditions, NGE may be entitled to an additional US$10 millio
Oil and gas industry professionals are confident in Australia’s ability to become the world’s largest gas exporter, according to research conducted in February at the Australasian Oil and Gas Conference and Exhibition (AOG) in Perth. • Delegates at the 2012 Australasian Oil and Gas Conference foreca
Bahrain is in negotiations with Russia’s Gazprom to buy about 3 million mt of LNG per annum. The LNG will be delivered to Bahrain’s terminal expected to open by 2015. “Originally we would start off with say 400 million cfd of gas and that could be slowly ramped up,” Abdul-Hussain bin Ali Mirza, Bahr
Japan, the world’s largest LNG importer, is due to receive an LNG cargo from Abu Dhabi this week, according to shipping data. The cargo is being carried by the 137,000 cbm Al Hamra, and it is expected to arrive at the Futtsu terminal on March 11. The Futtsu Thermal Power Station, one of the most rep
BG Group of UK has put on hold plans to set up an liquefied natural gas (LNG) import terminal in Brindisi port in Italy. The company first asked for the authorisation to construct the LNG terminal in Brindisi in 2001, but failed to get the permits after 11-year process. “It is impossible to think th
RWE AG said that its EBITDA decreased by 18% to €8.5 billion and the operating result declined by 24% to €5.8 billion in fiscal 2011. Recurrent net income – the key determinant of the dividend – fell by 34% to €2.5 billion and revenue dropped by 3% to €51.7 billion. . “We have introduced the [&helli
Kohlberg Kravis Roberts & Co (KKR) and Chesapeake Energy Corporation today announced the formation of a partnership to invest in mineral interests and overriding royalty interests in key oil and gas basins in the United States. “Chesapeake has been the world’s leading discoverer and developer of oil
Mitsui O.S.K. Lines, Ltd. (MOL) today said that Mitsui Engineering & Shipbuilding Co., Ltd. (MES) and MOL will conduct gas injection demonstration run utilizing a temporarily modified electrically-controlled type slow speed diesel engine. The engine is designed, manufactured and delivered to a shipy
Trinidad and Tobago’s Point Fortin LNG terminal shipped a cargo of liquefied natural gas today, according to shipping data. The cargo is being hauled by the Bilbao Knutsen, a 138,000 cubic-meter tanker, and it is due to arrive at the Canaport terminal in Canada on March 12. Trinidad and Tobago’s Poi
OpenText™ announced that INPEX, a leading worldwide oil and gas exploration and production company, is to simplify and streamline its purchase order and invoicing processes within Australia through the deployment of OpenText Vendor Invoice Management for use with SAP Solutions (VIM). The pre-package
Santos’ Vice President Asia Pacific, Martyn Eames, today addressed the LNG Supplies for Asian Markets conference in Singapore. He discussed the way in which the development of Australian unconventional gas resources will help capture a significant proportion of the forecast growth in demand for LNG
PetroChina and Jilin Province New Energy Investment Com., Ltd. signed a framework agreementon Sunday in Beijing to jointly establish a natural gas pipeline network company. A concrete step taken after CNPC and Jilin Provincial Government signed an agreement regarding a gas supply project in Jilin to
Vlada Rusakova, Member of the Gazprom’s Management Committee, has been appointed as Head of the Prospective Development Department of Gazprom. Previously, Vlada Rusakova held the post of Head of the Gazprom Strategic Development Department. On its basis, two brand new Departments – the Prospective D
