Enagás reported full year 2011 net profit of €364.6Mn, a 9.3% increase on the €333.5Mn reported in 2010. EBITDA totalled €885.5Mn at 31 December 2011, 13.4% higher than the previous year’s figure of €780.8Mn. “This earnings performance was due mainly to the Company’s efforts to improve efficiency an
Qatar, the world’s largest LNG producer, has yesterday signed a memorandum of understanding with Pakistan for the supply of around 3.5 mtpa of LNG to Pakistan. The deal was signed by Qatar’s minister for energy Dr Mohammed Bin Saleh Al-Sada and Pakistan’s minister for petroleum and natural resources
BP said today that it intends to sell its LPG bottles and tank filling operations in Portugal, UK, Austria, Poland, Netherlands, Belgium, Turkey, China and South Africa, as well as its non refinery-integrated wholesale business. Also included in the sale are LPG storage terminals, bottle filling pla
Drake & Scull Qatar (DSQ) a wholly owned subsidiary of Drake & Scull International has announced that it has been awarded a QAR 125 million Mechanical, Electrical and Plumbing (MEP) contract for Phase 1 of Qatar Petroleum’s Multipurpose Administration Complex located at Ras Laffan Industrial City in
Conventional demand for natural gas set a new all-time record for a second consecutive day on Friday, of 1,249 GWh, mainly because of the low temperatures in Spain, according to Enagás . This figures surpasses the record of 1,208 GWh set the previous day and is 6% higher than last winter’s peak of 1
Toyo Engineering Corporation has acquired 47% of shares of a major engineering company, PT. Inti Karya Persada Teknik (IKPT), in Indonesia. IKPT, an engineering company founded in 1982, has a lot of experience in EPC (engineering, procurement and construction) projects in the industrial sectors of o
Petrobras said that it has closed the issuance of Global Notes in the international capital markets in the amount of US$ 7 billion. The Notes were issued by Petrobras’ wholly owned subsidiary, Petrobras International Finance Company (PifCo). The transaction – the issuance of notes due 2015 and 2017
CNPC and Beijing Municipal Government yesterday signed a strategic cooperation agreement on promoting LNG public transports in Beijing. Under the agreement, Beijing Municipal Government will gradually promote LNG buses in the city, and designate Beijing Public Transport Holdings, Ltd. and other muni
Engineering and construction company Clough Limited today said that the BAM Clough Joint Venture has received a Letter of Intent (LOI) from JGC Corporation, KBR and Chiyoda Corporation joint venture (JKC JV) for a contract valued at $A140 million. The scope of work involves the design and constructi
BP today released its fourth quarter and full-year 2011 results. Highlights: BP’s fourth-quarter replacement cost profit was $7,606 million, compared with $4,614 million a year ago. For the full year, replacement cost profit was $23,900 million compared with a loss of $4,914 million a year ago. Re
The Board of Directors approved Gazprom’s efforts being taken to develop trade, transport and investment cooperation in the gas sector between Russia and the Republic of Belarus. The Management Committee was tasked to continue its efforts within the intergovernmental agreements signed on November 25
Construction work on the Donggi-Senoro LNG project in Central Sulawesi in Indonesia is ahead of schedule, PT Medco Energi Internasional said. Work on the project is 33 percent complete and the plant could complete its first LNG delivery in late 2014 as planned, the Jakarta Post reported, citing Eka
Cummins Westport, a leading provider of high-performance, alternative fuel engines for the global market, announced that Navistar will offer the Cummins Westport ISL G in the International® TranStar and WorkStar trucks. The ISL G is the #1 natural gas engine in North America, with over 13,000 engine
Turkmenistan has reduced its natural gas exports to Iran due to technical problems, managing director of the National Iranian Gas Company (NIGC), Javad Owji said. According to the report of the public relations of the NIGC, he said that despite reduction in Turkmen gas exports, no Iranian city has s
