Spain’s Repsol posted net income of 1.901 billion euros in the first nine months of 2011, 6.4% higher than the 1.786 billion euros reported in the year-earlier period. The group’s operating income totalled 4.102 billion euros, 1% higher than that recorded in September 2010. The LNG division showed a
Following the transfer of the majority shareholding in KEMA, DNV said it is now establishing a group structure to manage the strong industry positions it now holds. By merging some of its activities with KEMA, DNV is committed to driving the global transition toward a safe, reliable and clean energy
Rosneft and ITERA Oil and Gas Company have signed a strategic cooperation agreement for joint exploration and development of gas deposits in Russia. The agreement signed by Rosneft President Eduard Khudainatov and ITERA Oil and Gas Company Chairman of the Board of Directors Igor Makarov envisages th
Trinidad and Tobago’s Point Fortin LNG terminal shipped a cargo of liquefied natural gas to Chile yesterday, according to shipping data. The cargo is being hauled by the Methane Kari Elin, a 138,000 cubic-meter tanker, and it is due to arrive at the Quintero Bay terminal on March 18. Trinidad and To
QGC Pty Limited and BUSY At Work have formed a partnership to attract apprentices and trainees to businesses in regional Queensland outside the coal seam gas industry. Under the QGC Strengthening Local Workforces Program, BUSY At Work will match employers in the Western Downs, North Burnett, Banana
Beach Energy of Australia said it has discovered gas and gas liquids in its Coolawang-1 exploration well in PEL 106B. Coolawang-1 exploration well was spudded on 9 February and reached a target depth of 2,864 metres. A drill stem test (DST) was conducted to evaluate an interval between 2,656 to 2,66
Norway’s Höegh LNG reported total income of USD 30.0 million for the fourth quarter of 2011, up 18 % from the fourth quarter 2010. Highlights * Operating profit before depreciation of USD 3.5 million, up from USD 3.3 million in the fourth quarter 2010 * Awarded an engineering study for an FLNG solut
Dominion Virginia Power announced that it plans to invest more than $1 billion to build a combined-cycle, natural gas-fired power station in Brunswick County. Dominion expects to ask the Virginia State Corporation Commission later this year for permission to build the Brunswick County Power Station.
Mærsk of Denmark said it has completed the sale of its wholly owned subsidiary Maersk LNG to Teekay LNG and Marubeni Corporation. “The agreement was subject to a regulatory approval and consents from Maersk LNG’s customers. These conditions have now been fulfilled. Accordingly, A.P. Møller – Mærsk A
Sempra Energy today reported 2011 earnings of $1.4 billion, compared with earnings of $739 million in 2010. Sempra Energy’s adjusted earnings in 2011 were $1.1 billion, up approximately 14 percent from 2010 adjusted earnings of $974 million. Sempra LNG In 2011, Sempra LNG earnings increased to $99 m
Nigeria’s Bonny LNG terminal shipped a cargo of liquefied natural gas on Saturday to Europe, according to shipping data. The cargo is being hauled by the LNG Port Harcourt, a 122,000 m3 cubic-meter tanker, and it is due to arrive in Europe on March 5. Bonny terminal has an overall capacity of some 2
Golar LNG Limited said today that it intends to issue secured convertible bonds with a five-year tenor. The base offering size will be USD 200 million with an upsize option of USD 50 million. The total issue size can therefore amount to up to USD 250 million. The Bonds (each with a denomination of U
India’s Ennore Port is in negotiations with Indian Oil Corp to build an LNG terminal worth about Rs 4,300 crore, The Economic Times reported, citing S Velumani, Chairman and Managing Director of Ennore Port. “We have proposed to develop an LNG terminal in association with Indian Oil Corp (IOC),” he
For the first time, the U.S. Geological Survey has estimated the potential of undiscovered, technically recoverable onshore shale oil and gas resources in Alaska’s North Slope. The estimates range from 0 up to 2 billion barrels of oil and from 0 up to 80 trillion cubic feet of gas – representing tec
