ConocoPhillips today reported fourth-quarter earnings of $3.4 billion, compared with fourth-quarter 2010 earnings of $2.0 billion. Fourth-quarter 2011 earnings excluding $723 million of special items were $2.7 billion. Special items were primarily related to gains on asset dispositions, partially of
McDermott International, Inc. announced today that its Australian subsidiary has received and signed a letter of award for the Ichthys Gas-condensate Field Development subsea umbilical, riser, flowline (SURF) project by INPEX. The contract value is in the order of magnitude of US$2 billion and is th
Fairstar Heavy Transport N.V. (FAIR) announced that it will take delivery of the 50,000DWT semi-submersible vessel FORTE, currently under construction by Guangzhou Shipbuilding International (GSI) in China, on May 23, 2012. Willem Out, Chief Operating Officer of Fairstar, visited the FORTE just befo
Hess Corporation reported a net loss of $131 million for the fourth quarter of 2011 compared with net income of $58 million for the fourth quarter of 2010. Fourth Quarter Highlights: Net loss was $131 million, compared with net income of $58 million in the fourth quarter of 2010 Net income excluding
Trinidad and Tobago’s Ministry of Energy said in a statment last week that the United States received only 19 percent of the country’s LNG exports in 2011. Most of the LNG exports, or 81 percent, was shipped to markets in South America, Europe and Asia. The advent of shale gas production in the Unit
The LNG supply chain will be gathering in London this March for EIC Connect LNG, part of the highly successful EIC Connect series of supply chain networking events bringing together the world’s leading operators and contractors from across global energy projects. The event will be hosted by the EIC,
Elengy, a GDF unit, said in a statement it is offering a new commercial service dedicated to LNG tankers reloading operations at the Montoir-de-Bretagne LNG terminal. This service, starting from February 1st, shall reinforce terminal’s competitiveness allowing shippers to benefit from additional fle
Repsol YPF SA’s Canaport terminal in Canada is due to get one liquefied natural gas cargo from Trinidad and Tobago on February 1, according to shipping data. The cargo is being hauled by Madrid Spirit, a 135,423 m3 tanker. Canaport LNG began operations in June of 2009 and it is the first LNG termina
Work has resumed on Exxon’s $15.7 billion liquefied natural gas project in Papua New Guinea following a landslide which swept through two villages killing at least four people. Exxon’s spokeswoman Rebecca Arnold said the one-day stoppage is not expected to impact the schedule of the project, Reuters
Equatorial Guinea’s Minister of Mines, Energy and Industry, Marcelino Owono Edu, finalized new agreements on the implementation of the LNG Train II project on January 17, 2012 in Lisbon. The agreements distinguish the key areas of the project, taking them a step closer toward implementation. LNG Tra
Höegh LNG said today that it has signed a firm and final agreement with PT Perusahaan Gas Negara (PGN) to provide PGN with an FSRU and mooring system offshore Belawan, near the city of Medan, in North Sumatra, Indonesia. The project will employ the first of Höegh LNG’s new building FSRUs under const
Belgium’s Zeebrugge liquefied natural gas terminal is set to re-export a cargo of LNG on February 3, according to the Zeebrugge Port Authority. The cargo will be shipped by the Golar Maria, a 145,000 m3 tanker. The Zeebrugge terminal is operated by Fluxys LNG and has an annual throughput capacity of
In an application filed with the United States Department of Energy, Gulf Coast LNG Export, LLC has asked for authorization for the Port of Brownsville to be the location for a proposed facility utilized for exporting LNG. The lease has been approved by the Brownsville Board of Commissioners. “We be
Japan’s LNG imports reached 78,532,000 mt in 2011, a rise of 12,2 percent compared to a year earlier, according to preliminary data released today by the finance ministry. The country imported 7,171,000 mt of LNG in December, up 13.5 percent from a year before. The country’s LNG import cost averaged
