France’s Technip today reported a 21.5 percent rise in its 2011 net profit. FULL YEAR 2011 RESULTS Revenue of €6,813 million, of which €2,972 million in Subsea Group operating margin of 10.4% Net income of €507 million Fourth quarter 2011 order intake of €2,239 million: backlog of €10,416 million 9%
EDF’s Chief Executive Henri Proglio said today that the Dunkirk LNG terminal will start operating in 2015, Reuters reported. French utility EDF owns 65 percent in the LNG terminal, while Fluxys G has a 25 percent interest and Total 10 percent. EDF in June made a final investment decision on the Dunk
Klaipedos Nafta said in a statement that the Government of the Republic of Lithuania passed a resolution regarding the establishment of the LNG terminal whereby it is approved that Klaipedos Nafta would continue the implementation of the LNG terminal project. “The Ministry of Energy of the Republic
Norway exported 440,946 mt of LNG in January, according to the trade statistics. LNG exports in January dropped 2.9%, compared with last year, when the country exported 454,007 mt of LNG. Norway exports liquefied natural gas through Hammerfest LNG terminal, located on the island Melkøya. Statoil, th
Australia’s WestSide Corporation announced a significant upgrade to total Proved, Probable and Possible reserves (3P), after receiving a new reserves report on the Meridian SeamGas gas fields near Moura in Queensland’s Bowen Basin. WestSide’s total net 3P reserves have increased 96 per cent or 356 P
Alexey Miller, Chairman of the Gazprom Management Committee held a meeting on the South Stream project implementation. Taking part in the meeting were Leonid Chugunov, Head of the Project Management Department, Pavel Oderov, Head of the International Business Department, and Marcel Kramer, Chief Exe
King & Spalding said it has advised Freeport LNG Expansion in a front-end engineering and design (FEED) contract with a joint venture comprised of Zachry Industrial and CB&I for the engineering and design of the Freeport Liquefaction Project near Freeport, Texas. The contract calls for the engineeri
Kentz Corporation Limited announced the award of the integrated commissioning services contract on the Queensland Curtis (QCLNG) project in Australia. The contract is for an initial 12 month period, with an option to extend for a further two years. Kentz’s scope includes the provision of multidiscip
Australia’s Santos announced that Sangu-11 in Bangladesh has penetrated a new gas reservoir in the Sangu area with approximately 20 metres of good quality gas pay. The well will be completed and tied into the Sangu facilities and will provide incremental gas to Chittagong in the coming months once m
Blue Energy of Australia said that Mr John Ellice-Flint, former Santos MD, has agreed to join the company as an Executive Director. The company also said in a statement that it has secured $10 million in funding through a share placement. Blue energy said that Mr Ellice-Flint’s role will include tec
Japam’s JX Nippon Oil & Energy Corporation (NOE) said it has concluded a LNG sale and purchase agreement with Shell Eastern Trading. NOE will receive 3 cargoes per annum of LNG from Shell for 17 years starting in April 2015 through this contract. “This SPA is a portfolio contract which will ensure a
Freeport LNG and a joint venture comprised of Zachry Industrial and CB&I entered into a Front-End Engineering and Design Contract for the engineering and design of the Freeport Liquefaction Project near Freeport, Texas. Under the FEED Contract, the Zachry/CB&I Joint Venture will engineer and design
Fugro Geos has announced a contract award which provides Qatar Shell with support for a seabed water temperature monitoring system. The 5-year contract will ensure round-the-clock support and maintenance of the metocean monitoring system, which is part of the Pearl GTL (gas-to-liquids) project in Ra
Peru LNG shipped a liquefied natural gas cargo to Japan on February 13, according to PeruPetro S.A. The cargo is being hauled by Barcelona Knutsen, a 173,400 cubic-meter tanker. The Peru LNG Project includes two parts: an LNG Plant with a Marine Terminal from which LNG is sent overseas, and a pipeli
