CNPC said in a statement that it has signed a strategic cooperation agreement with Siemens AG . Under the agreement, the two companies will strengthen cooperation in areas including energy development and utilization, and petroleum equipment manufacturing, so as to promote mutual development, CNPC s
The latest LNG cargo to be loaded at Norway’s Hammerfest liquefied natural gas terminal has been dispatched to the Rotterdam Port, Netherlands, according to shipping data. The 140,000 m3 Arctic Voyager departed Hammerfest yesterday, and is expected to arrive at the Dutch Gate terminal on March 2. Th
Encana Corporation said it has completed the Cutbank Ridge Partnership agreement with Mitsubishi Corporation. On February 17, Encana announced an agreement with Mitsubishi that sees the Japanese global integrated business enterprise invest approximately C$2.9 billion for a 40 percent interest in the
Apache Energy Saturday marked the official opening of the Devil Creek Gas Plant by the Premier of Western Australia and Minister for State Development, Colin Barnett. The development, located in the northwest of Western Australia, represents an investment of approximately AUS$1.1 billion by Apache a
Southern Union Company reported net earnings for the year ended December 31, 2011, of $255.4 million, compared with $216.2 million in the prior year. Adjusted net earnings for the same period were $241.1 million, compared with $224.2 million in the prior year. For the quarter ended December 31, 2011
Having been manufacturing Tube and Pipe Purging Systems since 1975 Huntingdon Fusion Techniques (HFT) has now reached the latest version of its designs by launching the new PurgElite® series of Tube and Pipe Purging systems for diameters from 1” to 12” (25 to 300 mm) diameter, inclusive. These syste
Encana Natural Gas, a subsidiary of Encana Corporation, one of North America’s largest natural gas producers, Friday opened the first liquefied natural gas (LNG) fueling station in Louisiana. Located at The Relay Station in Frierson, the station which will serve the fueling needs of heavy duty truck
BG Group of UK plans to sell half of its stake in the Quintero LNG terminal in Chile, according to several media reports. Any potential stake sale will not affect a supply contract that BG owns to sell LNG to Chile, Bloomberg reported. BG Group has 40% ownership of GNL Quintero S.A, which owns and [
Cheniere Energy Partners reported a net loss of $7.5 million and $31.0 million for the quarter and year ended December 31, 2011, compared to a net loss of $2.7 million and net income of $107.6 million for the same periods in 2010. For the year ended December 31, 2011, affiliate revenues decreased $1
Trinidad and Tobago’s Point Fortin LNG terminal shipped another liquefied natural gas cargo yesterday, according to shipping data. The cargo is being hauled by the Hispania Spirit, a 137,814 cubic-meter tanker. The destination of the cargo is unknown at this moment. Trinidad and Tobago’s Point Forti
Petrobras said that the average production of oil and natural gas in Brazil and overseas in January was 2,731.1 thousand barrels of oil equivalent per day (boed). This result is 2.6% above the volume registered in the same period in 2011 and was 0.5% higher than the production of December/2011. Taki
The Weaver’s Cove LNG terminal project was abandoned over a year ago, in June 2011, but Rhode Island Attorney General Peter F. Kilmartin continues his effort by seeking standards that would help prevent such a project in the future. On Wednesday, Kilmartin, joined by Massachusetts Attorney General M
Incheon LNG terminal in South Korea is due to receive a cargo from Qatar on February 25, according to shipping data. The cargo is being hauled by the 138,375 cbm SK Stellar . Incheon LNG terminal is one of the biggest in the world and it is operated by KOGAS. [mappress] LNG World News Staff, Februar
Australia Pacific LNG has completed a $2.5 billion, 16-year project finance loan with nine banks, Bloomberg reported, citing unnamed source. Proceeds will be used for the project and the loan pays a margin of between 200 to 300 basis points more than the London interbank offered rate, increasing to
