Repsol International Finance, B.V. closed a 750 million euro 7 years and 1 month bond at 99.937 per cent, with a coupon of 4.875 per cent equivalent to mid swap + 292 b.p., to be listed on the regulated market of the Luxembourg Stock Exchange. This bond, guaranteed by Repsol YPF, S.A., is issued und
It’s up, up and away for a group of 73 young Papua New Guineans who left PNG Monday for the decidedly cooler climes of Canada for one year of further studies. The students will spend one year in Canada, undertaking Advanced Skills training as part of the PNG LNG Project’s Production Operations and M
OAO Novatek today reported preliminary production data for the fourth quarter and full year 2011. Gross production for the fourth quarter totaled 14.53 billion cubic meters of natural gas and 1,063 thousand tons of liquids (gas condensate and crude oil). Gross natural gas production increased by 3.6
Hess Corporation announced today a 2012 capital and exploratory budget of $6.8 billion, nearly all of which is targeted for Exploration and Production: $2.5 billion for unconventionals, $1.6 billion for production, $1.8 billion for developments and $800 million for exploration. John B. Hess, Chairma
The government of Pakistan has decided to import 500,000 Mcf/day of LNG from Qatar, Minister for Petroleum and Natural Resources Dr. Asim Hussain, said yesterday. A four-member Petroleum Ministry delegation will visit Qatar to finalize plans, he added. Pakistan now faces a gas shortfall of about 1 B
The route plan for the first phase of 150 new LNG fueling stations for America’s Natural Gas Highway (ANGH) was unveiled today by Clean Energy Fuels Corp., the leading provider of natural gas fuel for transportation in North America. The company has identified 98 locations and anticipates having 70
Gaz-System S.A. received the 2011 Seahorse Award, the annual business prize awarded by the Szczecin Business Club, for the performance of the LNG Terminal Construction Project in Świnoujście – the largest infrastructure investment in Western Pomerania. The liquefied natural gas off-take and regasifi
The latest annual survey of the global gas industry, 2011’s Natural Gas in the World published by the international association Cedigaz in December, provides a detailed description of the recent evolution in the world’s gas markets. The study focuses on the new dynamics in the global gas industry an
Arrow Energy is currently conducting a short duration coal seam gas (CSG) exploration campaign in the Beaudesert/Boonah region. The campaign comprises drilling of two exploration wells and routine rehabilitation work on a number of pre-existing exploration wells. Arrow publically advertised details
The LNG tanker “LNG Jupiter” has arrived on January 12, 2012 at the Gate terminal to deliver the first LNG to Eneco. Upon arrival, the ship has started to pump its LNG into the storage tanks of the Gate terminal. It is anticipated that the “LNG Jupiter” will leave the Rotterdam port on January 13. [
Rolls-Royce, the global power systems company, has signed a contract to deliver highly efficient engines and propulsion systems for the world’s first Liquid Natural Gas (LNG) powered tugs. The two vessels have been ordered by Norwegian company Buksér og Berging AS and will enter service in late 2013
Cape plc, the international provider of essential, non-mechanical support services to the energy and mineral resources sectors, provided the following scheduled trading update following the financial year end on 31 December 2011. Since the Group’s Interim Management Statement on 9 November 2011, Cap
Wärtsilä, a leading global supplier of flexible and efficient power plant solutions, has been awarded three more contracts to supply power plant generating equipment to Bangladesh. The total overall output of these plants will be more than 250 MW, and all of them will produce electricity to be suppl
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 Ejnan LNG tanker, with a capacity of 145,000 cbm, is due to arrive on January 24. The Zeebrugge terminal is operated by Fluxys LNG and has
