Abundant and affordable supplies of natural gas from shale could produce more than 19,000 permanent, high-paying chemical manufacturing jobs in Michigan, revitalizing the state’s industrial base, driving economic growth and boosting exports while generating tens of million of dollars in much-needed
Helle Kristoffersen (47) has been appointed Senior Vice President, Strategy & Business Intelligence at Total, effective January 1, 2012. She succeeds Jean-Jacques Mosconi, who has been named Senior Vice President, Refining & Petrochemicals Europe. Ms. Kristoffersen joined Total in January 2011 as De
The global LNG market will remain tight until at least 2014, Reuters reported citing Macquarie’s analyst Jason Gammel. “The removal of nuclear generation from the Japanese electricity grid has completely changed their demand for natural gas, and it’s made the LNG market extremely tight until at leas
The Board of Directors addressed potential opportunities for Gazprom to expand its presence in the global gas market and related markets, such as power generation and gas chemistry. The Gazprom Management Committee was tasked to proceed with the following key measures aimed at expanding the Company’
Horizon Oil announced that it has executed a farmin agreement with Eaglewood Energy Inc. to earn a 25% interest in PPL 259 in Western Province, Papua New Guinea. Under the terms of the farmout agreement, after receipt of requisite government approvals transferring a 25% participating interest share
Minister for Resources and Energy, Martin Ferguson AM MP, welcomed the signing of a binding agreement between Australia Pacific LNG (APLNG) and the Sinopec Group of China. The deal will see Sinopec take a total of 7.6 million tonnes of liquefied natural gas (LNG) per annum from the APLNG Project in
Air Products today reported net income of $292 million, or diluted earnings per share (EPS) of $1.36, for its fiscal first quarter ended December 31, 2011, versus $296 million and $1.35 for the first quarter of fiscal 2011. First quarter revenues of $2,423 million increased one percent versus the pr
Baker Hughes Incorporated announced adjusted net income (a non-GAAP measure) for the fourth quarter 2011 of $534 million, or $1.22 per diluted share. This excludes an after-tax charge of $220 million ($0.50 per diluted share) related to the impairment of certain trade names. This compares to $0.77 p
Liquefied natural gas from the Shtokman project in Russia may be shipped to Japan, Reuters reported, citing Gazprom’s CEO Alexei Miller. “The Japanese market is the biggest LNG market in the world and considering the decision by the Japanese government to reduce nuclear power generation, the demand
The U.S. Energy Information Administration (EIA) said Monday that it expects domestic oil and natural gas production to increase substantially. In its newest Annual Energy Outlook EIA said it expects U.S. crude oil production to reach 6.7 million barrels per day in 2020, the highest level since 1994
South Korea, the world’s second biggest buyer of LNG, is due to get a liquefied natural gas cargoe from Trinidad this week, according to shipping data. The 138,200 cbm British Innovator will reach the Pyeongtaek LNG terminal on December 26. The Pyeongtaek LNG terminal is South Korea’s first LNG impo
Mr Mark Miles and the Supervisory Board of SBM Offshore have mutually agreed that he will not stand for re-election at the next AGM on 16 May 2012. The Supervisory Board will take steps to arrange for Mr Miles’ succession. Until such time Mr Miles has agreed to continue as CFO of the Company. [mappr
Belgium’s Zeebrugge liquefied natural gas terminal is expected to receive another cargo of LNG this month, according to the Zeebrugge Port Authority website. The Maersk Ras Laffan LNG tanker, with a capacity of 138,200 cbm, is due to arrive on January 29. The Zeebrugge terminal is operated by Fluxys
Esso Highlands Limited, an affiliate of ExxonMobil and operator of the PNG LNG project said today that this morning a landslide occurred in the Southern Highlands of Papua New Guinea. “Esso Highlands has been in communication with government, including the National Disaster and Emergency Relief Offi
