Spain’s Bilbao import terminal is scheduled to receive a shipment of LNG from Peru on February 23, according to Bilbao Port data. The Trinity Arrow liquefied natural gas carrier, with a capacity of 154,982 cubic metres, is sailing from Peru’s only LNG export terminal. Bilbao terminal facilities have
Aker Solutions reported an 18 percent increase in revenues and a solid operating result in the fourth quarter of 2011, reflecting strong market conditions and high activity in the oil and gas industry. Revenues in the fourth quarter of 2011 amounted to NOK 11 600 million, compared with NOK 9 794 mil
Statoil and partner ExxonMobil confirmed that the Zafarani-1 well in Block 2 offshore Tanzania has encountered indications of natural gas in a good quality reservoir. Drilling operations are still on-going and it is too early to give any indication of size and commerciality, Statoil said in a statem
Norway’s Hammerfest LNG terminal shipped a liquefied natural gas cargo yesterday, according to shipping data. The cargo is being hauled by the Maran Gas Coronis, a 145,800 cubic-meter tanker. The destination of the cargo is unknown as this moment. The Hammerfest terminal, operated by Statoil, has a
EOG Resources today reported fourth quarter 2011 net income of $120.7 million. This compares to fourth quarter 2010 net income of $53.7 million. For the full year 2011, EOG reported net income of $1,091.1 million, as compared to $160.7 million for the full year 2010. Highlights Achieves 9.4 Percent
Thailand’s Map Ta Phut LNG terminal, operated by PTT, will get one liquefied natural gas cargo from Nigeria on March 15, according to shipping data. The cargo is being hauled by the LNG Oyo, a 145,842 cubic-meter tanker. The terminal facilities comprise one jetty and two storage tanks that together
Construction of the largest-diameter, long-distance pipeline in Australia is ramping up following heavy rain in the gas fields of western Queensland. The 42-inch (about one metre) diameter steel pipeline, which will be buried for more than 540km, will take gas from fields around Chinchilla to Gladst
Gazprom headquarters hosted today a working meeting among Alexey Miller, Chairman of the Company’s Management Committee, Umirzak Shukeyev, Head of the Samruk-Kazyna National Welfare Fund, Chairman of the KazMunaiGaz Management Board and Kairat Boranbayev, Chairman of the KazRosGaz Management Board.
Australia’s Santos today reported a net profit of $753 million for 2011, 51% higher than the previous year. The 2011 headline result includes a $408 million profit after tax from asset sales, including a 15% interest in the GLNG project and Santos’ entire interest in Evans Shoal, and asset impairmen
South Korea, the world’s second biggest buyer of LNG, is due to get a liquefied natural gas cargo from Trinidad and Tobago’s Point Fortin terminal, according to shipping data. The 138,000 cbm British Merchant will reach the Tongyeong LNG terminal on February 20. The Tongyeong LNG terminal is located
This year Amarcon noticed an increase in orders for its hydrodynamic analysis software: OCTOPUS-Office. In the last few months major companies within the maritime industry like Shanghai Zhenhua Heavy Industry Co., Ltd. (ZPMC), Mammoet and RWE Innogy placed an order for the software. Newcomer within
Apache Corporation today reported that record production and strong oil prices combined to generate record full-year 2011 earnings of $4.5 billion, up 50 percent from $3 billion in 2010. Production increased 14 percent to 748,000 barrels of oil equivalent (boe) per day. Cash from operations before c
In December the Expert Group on Future Transport Fuels (DG MOVE) published its second report on Infrastructure for Alternative Fuels, which includes policy recommendations and highlights the stakeholders’ view on necessary actions to develop an adequate refuelling infrastructure for alternative fuel
Japan’s Futtsu liquefied natural gas terminal is due to receive a cargo from Qatar on February 22, according to port data. The cargo is being hauled by the 216,000 cbm Al Kharaitiyat tanker. The Futtsu Thermal Power Station, one of the most representative power stations using LNG is operated by Toky
