Genesis was awarded an Enterprise Framework Agreement by Shell Global Solutions International B.V., covering Subsea Umbilical Risers and Flowlines (SURF), Engineering and Project Management Services. The contract duration is 5 years, with the option to extend for an additional 5 years and will cover
Japan’s Futtsu liquefied natural gas terminal is due to receive a cargo from Oman on March 1, according to shipping data. The cargo is being hauled by the 145,000 cbm Ibri LNG. The Futtsu Thermal Power Station, one of the most representative power stations using LNG, is operated by Tokyo Electric. [
PETRONAS of Malaysia, which is embarking on a new production train project at its PETRONAS LNG Complex in Bintulu, said it has awarded the contract for the Front End Engineering Design (FEED) for the project to JGC Corporation and to a partnership of Chiyoda Corporation and Saipem S.p.A. The contrac
Taiwan’s Yung-An LNG terminal is due to receive a cargo of liquefied natural gas from Malaysia this week, according to Kaohsiung Port Authority. The Puteri Firus tanker, with a capacity of 130,000 cbm, will reach Yung-An terminal on February 25. The Yung-An terminal is Taiwan’s first liquefied natur
Fluor Corporation said its net earnings for 2011 were at $594 million, compared with $357 million in 2010. Consolidated segment profit for the year was $1.0 billion, compared with $621 million in 2010 which was impacted by significant pre-tax charges on two infrastructure projects. Results in 2011 r
Gazprom’s CEO Alexey Miller, reported yesterday to Russian President Dmitry Medvedev on the progress with the South Stream project. “It is a very timely project. Besides the evident growth in gas transit reliability, it will considerably enhance our capabilities to flexibly adapt to changes of deman
Australia’s Origin Energy Limited today announced a Statutory Profit of $794 million for the half year ended 31 December 2011, an increase of $930 million when compared with the $136 million loss reported in the prior corresponding half year. A number of items contributed to the increase in Statutor
Snam and Fluxys G said that they have reached an agreement to acquire Eni’s stakes in Interconnector (UK), Interconnector Zeebrugge Terminal and Huberator. This joint acquisition, to which Snam and Fluxys G are to contribute 50% each, is a first important milestone in pursuing the aim of an integrat
KBR announced that its fourth quarter 2011 net income was at $90 million, compared to net income of $78 million, in the fourth quarter of 2010. Consolidated revenue in the fourth quarter was $2.1 billion compared to $2.3 billion in the fourth quarter of 2010. Operating income was $136 million compar
3M and Chesapeake Energy Corporation announced an agreement to collaborate in designing, manufacturing and marketing a broad portfolio of compressed natural gas (CNG) tanks for use in all sectors of the United States transportation market. Currently the fuel tank on a CNG vehicle is its most expensi
Talisman Energy Inc and Mitsubishi Corporation (MC) said that they have reached agreement on MC’s entry into nine of Talisman’s licences in Papua New Guinea’s onshore Western Province, via a farmout from Talisman. The deal is valued at approximately US$280 million and will be paid in the form of a c
Nigeria’s Bonny LNG terminal shipped another liquefied natural gas cargo yesterday, according to port data. The cargo is being hauled by the Muscat LNG, a 145,000 m3 cubic-meter tanker. The destination of the cargo is unknown at this moment. Bonny terminal has an overall capacity of some 22 million
British High Commissioner to Australia, Paul Madden, and Peter Collier, WA Energy Minister, today announced the new Northern Australia Gas High Value Opportunity Programme. The Programme will see the start of a new era of cooperation between the UK Government and the Australian State and Territory G
Malaysia’s MISC Berhad today announced its full financial year results for the 9-month period ended 31 December 2011. The Group recorded pre-tax loss of RM1,222.0 million for the 9- month period as compared to profit of RM2,466.2 million in the corresponding period of the last financial year. The re
