Encana Corporation has closed the sale of its natural gas processing assets in the Cutbank Ridge area for an aggregate purchase price of approximately C$920 million. In December, Encana announced its agreement to sell the midstream assets to Veresen. The sale includes Encana’s 100 percent interest i
Bureau Veritas has been selected by China National Offshore Oil Corporation (CNOOC) to provide independent inspection services for a new Liquefied Natural Gas (LNG) receiving terminal project, being built near Shanghai. This major project is a key element in China’s energy strategy. It will enable L
Koch Supply & Trading Sárl said thati it has launched a global gas trading business. Stephen Cornish has joined Koch Supply & Trading Sárl to build the global trading and marketing business for liquefied natural gas, natural gas and related commodities. “Koch companies have a long track record of ex
Petrobras said that its wholly owned subsidiary Petrobras Gás S.A. – Gaspetro, and Gás Brasiliano Distribuidora S.A. – GBD, signed yesterday an investment agreement with Companhia Energética de Minas Gerais (Cemig) to form a partnership in Gás Brasiliano Distribuidora S.A. – GBD, currently 100% cont
As the cold weather continues, gas consumption records in Belgium are falling in rapid succession. Last Thursday, the country’s natural gas consumption hit 1,131 GWh, beating the previous record set on 8 January 2010 by more than 5%. However, that new record was bested the very next day with consump
Belgium’s Zeebrugge liquefied natural gas terminal is set to re-export a cargo of LNG on February 20, according to the Zeebrugge Port Authority. The cargo will be shipped by the Golar Artic, a 140,643 m3 tanker. Golar LNG recently said in a statement that it has executed a time charter for the Golar
Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee visited Tuesday a construction site of the Portovaya compressor station (CS) – the starting point for Nord Stream. He inspected key facilities of the CS and held a meeting on the current issues of construction. Particular attention
RasGas has signed an additional LNG sales and purchase agreement with Korea Gas Corporation (KOGAS) to supply 2.0 million tonnes of LNG for 20 years from its plant in Qatar to terminals in South Korea, the two companies said in a statement. RasGas is the largest single supplier of LNG to South Korea
Norwegian marine transportation company I.M. Skaugen SE said it is considering a new senior unsecured bond issue with final maturity in February 2015. The contemplated bond issue will have a minimum issue amount of NOK 300 million. Net proceeds from the contemplated bond issue will be used to refina
Petronet’s Dahej terminal on India’s west coast will get one liquefied natural gas cargo from Nigeria on February 22, according to shipping data. The cargo is being hauled by Castillo de Villalba, a 138,000 cubic-meter tanker. The Dahej terminal is India’s first LNG receiving and regasification term
GDF SUEZ continued to report solid results for 2011, with EUR 90.7 billion in revenues, up +7.3% despite highly unfavorable weather conditions and the gas tariff freeze in France. EBITDA grew by +9.5% thanks to the contribution of International Power from February 2011, the commissioning of new asse
BG Group today issued its Annual Strategy update after posting its 2011 results. BG Group’s Chief Executive Sir Frank Chapman said: “The outlook for global gas and LNG demand is strong. BG Group is well set to capitalise on these opportunities and is making good progress with delivering its plans.”
Mitsui & Co., said today that Mitsui Oil Exploration (MOECO), a subsidiary of Mitsui in which the company has 70.45% equity interest, has sold 12,000 shares (0.3% of issued shares) of INPEX. Through this transaction MOECO’s interest in INPEX will decrease from 4.8% to 4.5%. Japan’s INPEX last month
RasGas Company Limited is demonstrating its capabilities as a world leading energy supplier this week at the International Petroleum Technology Conference (IPTC) in Bangkok, Thailand. Mr Hamad Rashid Al Mohannadi, RasGas Managing Director is leading a 16 strong delegation of RasGas technical experts
