Petrobras announced that the operating cash flow, measured by the EBITDA, was 5% higher than 2010. Net income was R$33.313 billion in 2011, 5% down on the previous year; In Brazil, proved reserves reached 15.71 billion boe (barrels of oil equivalent) based on the ANP/SPE criterion. The Reserve Repla
A new liquefied natural gas (LNG) fueling station built, owned and operated by Clean Energy Fuels has opened in Seville, Ohio to support the expanding fleet of LNG trucks deployed by major contract freight carrier Dillon Transport serving Owens Corning. James Harger, Chief Marketing Officer, Clean E
UK’s Grain LNG terminal received a cargo from Qatar today, according to shipping data. The cargo was shipped by the 210,000 cbm Al Khattiya tanker. Grain LNG is the UK’s first modern LNG facility and can hold almost 1 million cubic metres of liquefied natural gas in store. The terminal recently comm
India’s Gujarat Gas said that it has yesterday entered into an agreement with BG India Energy Solutions, to purchase re-gasified LNG. The company said it will buy up to 1.0 mmscmd (39,206 mmbtu/day) of re-gasified LNG for the period from April 01, 2012 to December 31, 2012 on a firm basis. “This con
Noble Energy, Inc. announced its 2012 capital program and provided guidance for the year. Total capital expenditures are estimated at $3.5 billion for the year. The capital program allocates 51 percent to onshore U.S., seven percent to the deepwater Gulf of Mexico, 22 percent to the Eastern Mediterr
Poland’s GAZ-SYSTEM said that the Business Case Analysis of Gas Interconnection Poland – Lithuania (GIPL), which would integrate Baltic States into EU gas market as well as provide access to the global LNG market via the LNG terminal in Swinoujuscie, has been finalized. The Business Case Analysis re
French company Total SA today posted a 2011 net profit of 12.3 billion euros ($16.3 billion). Fourth quarter and full-year 2011 results Commenting on the results, Chairman and CEO Christophe de Margerie said: « In a period of economic slowdown, ongoing tensions on the global oil supply supported the
Taiwan’s Yung-An LNG terminal is due to receive a cargo of liquefied natural gas from Qatar next week, according to Kaohsiung Port Authority. The Simaisma tanker, with a capacity of 145,800 cbm, will reach Yung-An terminal on February 14. The Yung-An terminal is Taiwan’s first liquefied natural gas
Japan’s Chubu Electric Power said that it has today executed a fully termed LNG sales and purchase agreement with BP Singapore. This agreement is for Chubu Electric to purchase LNG supplied from BP’s global LNG portfolio by BP Singapore. Chubu Electric said it will buy approx. 8 million tonnes over
Beach Energy Limited announced it has acquired all of the outstanding shares in Adelaide Energy Limited through compulsory acquisition. Beach acquired a relevant interest in Adelaide Energy of approximately 97% during the takeover offer period and, as a result, was able to move to compulsorily acqui
ACD said that it has received an order from TGE Marine Gas Engineering to supply LNG fuel gas supply pumps for the new LNG carrier from MEYER WERFT GmbH. The new tanker will transport liquefied natural gas with a cargo capacity of 15,600 cbm. The vessel will be Bureau Veritas (BV) classified and mee
Petrobras said that it has elected Maria das Graças Silva Foster as CEO, taking over from José Sergio Gabrielli de Azevedo. José Sergio Gabrielli de Azevedo is also leaving the Company’s Board of Directors, which elected Maria das Graças Silva Foster as new member. Maria das Graças Silva Foster has
KBR said in a statement that its joint venture with JGC Corporation and Chiyoda Corporation, the JKC JV, has signed the formal contract for engineering, procurement and construction (EPC) activities on the Ichthys LNG Project in Northern Australia. The JKC JV partners signed this EPC contract, value
Towards the end of 2012, Interstream Barging puts the first gasoil free LNG Greenstream Tanker into use. This innovation for inland navigation has been developed by Peters Shipyards and will be built entirely in the Netherlands. Under the name LNG Greenstream Tanker both parties have, in close coope
