INPEX CORPORATION announced today that INPEX Ichthys Pty Ltd and other project group companies have reached an agreement with Tokyo Gas Co., Ltd. to transfer its 1.575% of the Ichthys LNG project equity interest. Based on the agreement, the Ichthys LNG project equity interest will be as follows: INP
Metgasco announced that it has entered into a binding agreement for the first sale of gas from its Casino gas project. Metgasco will supply local dairy manufacturing company Richmond Dairies Pty Ltd with natural gas as energy supply for their manufacturing process. Gas sales are planned to commence
Chevron Corporation reported in its interim update that earnings for the fourth quarter 2011 are expected to be significantly below third quarter 2011 results. Absent foreign exchange impacts, upstream earnings are projected to be comparable with third quarter results. Downstream earnings in the fou
Repsol YPF said today that it has closed the placement among professional and qualified investors of 61,043,173 of its own shares, representing 5% of the share capital, acquired on December 20th, 2011 at 21.066 euro per share. The shares were placed at 22.35 euro per share for a total amount of 1.36
The Cabinet of Pakistan has directed the Ministry of Petroleum and Natural Resources to undertake the Iran-Pakistan (IP) gas pipeline project on fast track basis, and reduce unaccounted for gas (UFG) losses from 12 percent to 6 percent. The Cabinet was informed on January 3, 2012 that the current ga
Japan’s Tokyo Electric Power Co. (TEPCO) today reported an increase in its liquefied natural gas imports in December compared with the year before. TEPCO imported 2,075,000 mt of LNG in December, up 12.7 percent on year. Japan’s consumption of LNG surged in the aftermath of the March 11 earthquake.
The latest LNG cargo to be loaded at Norway’s Hammerfest terminal has been dispatched to Turkey, according to shipping data. The 138,000 m3 Gemmata departed Hammerfest Monday, and is expected to arrive in Turkey on January 20. The Hammerfest terminal, on the island of Melkøya, has a capacity to prod
U.S. liquefied natural gas imports are expected to decline by 0.2 Bcf/d (26 percent) in 2012 as higher global LNG market prices reduce LNG’s competitiveness in the U.S. market, the EIA said in its latest “Short-Term Energy Outlook”. A small amount of LNG will continue to arrive at U.S. terminals in
Talisman Energy Inc. has announced its capital spending plans for 2012. The company expects to spend slightly over $4 billion this year, a decrease of approximately $500 million over 2011, although it will increase spending on liquids opportunities within the portfolio. “Our plans for 2012 have been
Gazprom has registered a new wholly-owned subsidiary – OOO Gazprom personal. The new company will recruit qualified professionals from Gazprom’s staff for international project-based joint ventures. These professionals will be employed by OOO Gazprom personal, and all the social benefits and guarant
EDF Energy announced that it will cut its gas prices by 5% – becoming the first major supplier in 2012 to announce it will pass on falling wholesale prices to its customers. The company was the last of the major suppliers to raise its energy prices in the autumn and is the first to announce [&hellip
To further strengthen support for clients in the United Arab Emirates, and other Middle Eastern countries, Black & Veatch has moved its operations to a new Dubai location. The new operation is part of the company’s growth plan for the region, which also includes an office in Riyadh, Saudi Arabia. Bl
Ryder System, Inc., a leader in commercial transportation and supply chain management solutions, today announced it has signed its first Flex-to-Green lease agreement with Source Interlink Companies, Inc., an integrated media, publishing, merchandising and logistics company that produces and distrib
Norwegian supplies of pipeline gas to Europe ceased to grow in 2011. In a 10-year perspective, however, they have increased by almost 80 per cent. An overview from pipeline operator Gassco shows that 94.2 billion standard cubic metres (scm) of natural gas were transported from the Norwegian continen
