The use of the natural gas produced in association with oil production at Petrobras platforms set a record of 89.2% in 2011. If combined with the output from fields that produce gas only, this figure reaches the high mark of 92%, the Company’s total gas production record. This is the best result Pet
South Korea, the world’s second biggest buyer of LNG, is due to get a cargo of liquefied natural gas from Trinidad this week, according to the Pyeongtaek Port Authority. The 174,o00 cbm Stena Clear Sky will reach the Pyeongtaek LNG terminal on March 2. The Pyeongtaek LNG terminal is South Korea’s fi
Cummins Westport Inc., announced that Jim Arthurs, former Vice President, Westport Cryogenic Systems, has been appointed as President of Cummins Westport. Prior to joining Westport in 2011, Jim was a Managing Partner and Co-Founder of i3 Transition Partners LLP, a management consulting firm that spe
A lively public debate on petrol and diesel prices is again underway. As these prices have reached new highs, people are increasingly calling for petroleum tax cuts and tax relief for commuters, but they are also looking for cheaper types of fuel. Particularly at times of high petrol and diesel pric
Anadarko Petroleum Corporation today announced the election of Charles W. “Chip” Goodyear to serve as an independent director of the company, effective March 1, 2012. Goodyear will become a member of the Board’s Audit and Nominating and Corporate Governance committees. Additionally, the company anno
India’s ONGC Videsh Limited (OVL) and GAIL confirmed that they are currently participating in the formal sale process announced by Cove Energy in January. “At this stage, no decision has been made by ONGC and GAIL whether to make an offer for Cove or the price at which any such offer may be made. Th
Wärtsilä, the marine industry’s leading solutions provider, and its South Korean partner Hyundai Heavy Industries, Engine and Machinery Division, have signed a ten year extension to their license agreement to build Wärtsilä low-speed engines. The agreement was signed at a ceremony held yesterday in
UK’s South Hook LNG terminal is expected to receive a cargo of LNG on March 6, according to the Milford Haven Port Authority website. The Al Mayeda LNG tanker, with a capacity of 266,oo0 cbm, is sailing from Ras Laffan, Qatar. The South Hook terminal can process 15.6 million tonnes of LNG a year and
Japan’s Futtsu liquefied natural gas terminal is due to receive a cargo from Nigeria on March 6, according to shipping data. The cargo is being hauled by the 148,500 cbm LNG Lokoja. The Futtsu Thermal Power Station, one of the most representative power stations using LNG, is operated by Tokyo Electr
Huntingdon Fusion Techniques Limited (HFT), said it has launched a new dedicated Weld Purge Monitor especially for LNG stainless steel and Nickel alloy tube and pipe joint welding. A Weld Purge Monitor is “necessary to show welders when sufficient oxygen has been removed from the work zone to allow
Poland’s GAZ-SYSTEM said that in February 2012, the building permit decisions were granted for Stage 1 and Stage 3 of the Szczecin-Gdańsk gas pipeline on the Płoty-Karlino section approx. 61.95 km in length (Stage 1) and on the Koszalin-Słupsk section with the Reblino system of in/out gas locks appr
Golar LNG Limited said that it has priced an offering of secured convertible bonds with a five-year tenor. The offering size is USD 250 million, including the upsize option of USD 50 million, which has been exercised in full. The Bonds (each with a denomination of USD 100,000) were offered in an acc
Australia’s ISS said in a statement that it has been awarded a three year support services contract to maintain, upgrade, support and enhance the Tangguh LNG Hydrocarbon Value Realization solution (HVR) and LNG Performance Monitoring solution implemented by ISS utilising the ISS Group BabelFish Prod
M3 Technology, a leading provider of advanced asset scheduling and optimization solutions for the oil, gas and petrochemical industries, said that it has signed a contract with Woodside Energy to supply its LNG supply chain management solution for Woodside’s North West Shelf and Pluto assets in West
