GreenMan Technologies said today that revenues at the company’s American Power Group (APG) dual fuel subsidiary increased to $396,000 from $360,000 for the same quarter last year. Lyle Jensen, GreenMan’s President and Chief Executive Officer commented, “Overall, this was a solid quarter for our Comp
Talisman Energy Inc. reported its operating and financial results for 2011. Highlights Cash flow1 was $3.4 billion, up 16% year over year. Fourth quarter cash flow was up 25% over the same period last year, due to higher oil prices. Net income was $776 million, down 18% due to higher DD&A, lower gai
Pacific Rubiales Energy said today that it has discovered natural gas and condensate in the Cotorra-1X exploration well, drilled on the Guama Block in the Lower Magdalena basin. The Company has 100% working interest in the block and is the operator. Ronald Pantin, Chief Executive Officer of the Comp
Alexey Miller, Chairman of the Gazprom Management Committee held a working meeting on the issues of the Russian gas transit via Ukraine during abnormally cold snaps. Heads and experts from Gazprom’s specialized structural units took part in the meeting. A focus was placed on ensuring the uninterrupt
Norway’s Wilhelmsen Technical Solutions said it has received a landmark order to supply inert gas generator systems for five LNG carriers under construction in South Korea. Wilhelmsen Technical Solutions’ South Korean office will fulfil the orders for five LNG newbuildings at Hyundai Heavy Industry
Polskie Górnictwo Naftowe i Gazownictwo SA (PGNiG) said it has prepared a draft of the Gas Deregulation Programme, which will be released for public consultations. The Programme’s objective is to create a market environment in which it will be possible to deregulate gas prices for institutional cust
Norway’s STX OSV, a major global designer and shipbuilder of offshore and specialized vessels, said that its operating revenue reached NOK 3.11 billion in 4Q 2011 and NOK 12.40 billion for FY 2011 with the successful delivery of 23 vessels during the year. The Group’s 4Q 2011 operating profit more t
The new directors for Exploration & Production, José Miranda Formigli, and Gas & Energy, José Alcides Santoro, took office Tuesday morning during a ceremony held at Petrobras’ main office building, in Rio de Janeiro. Taking part in the event were Petrobras’ CEO, Maria das Graças Silva Foster, E&P Di
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 155,000 cbm British Diamond will reach the Incheon LNG terminal on March 20. Incheon LNG terminal is one of the biggest
RWE Dea AG said in a statement that it has obtained the permit to develop a total of six natural gas fields in the Algerian Sahara. The Algerian ALNAFT authority has issued the permit to develop the Reggane, Azrafil South-East, Kahlouche, Kahlouche South, Tiouliline and Sali gas fields in the Algeri
Eni, the international oil and gas company, announced preliminary results for the fourth quarter and the full year 2011. Financial Highlights Adjusted operating profit: €17.97 billion for the full year (up 4%); €4.26 billion for the quarter (down 10%) Adjusted net profit: €6.97 billion for the full
South Korea imported 2.89 million tonnes of LNG in January, down 41% from the same month in 2011 when the country purchased 4.93 million tonnes of LNG, Korea Customs Service data showed. The country’s LNG imports rose 46.6% in December to 4,806,964 mt of LNG, compared to the year before. South Korea
Eni announced a new giant natural gas discovery at the Mamba North 1 prospect, in Area 4 Offshore Mozambique, encountering a mineral potential of 212.5 billion cubic meters (7.5 tcf) of gas in place. This new discovery, in addition to the Mamba South discovery from October 2011, further increases th
UK’s Braemar Technical Services said it has signed a Memorandum of Understanding (MOU) with General Dynamics NASSCO to market a new, flat plate technology, LNG Containment System developed by General Dynamics. The new containment system is a Type B tank designed to overcome the issues associated wit
