Marubeni Corporation announced that it has agreed to acquire a 40% equity interest in APT Allgas Energy Pty Ltd (Allgas), a wholly owned subsidiary of the APA Group in Australia. RREEF Infrastructure (RREEF), a subsidiary of Deutsche Bank AG also acquired a 40% equity stake in Allgas, resulting in a
Anadarko Petroleum Corporation announced that it, along with its co-venturers, have sanctioned the development of the Lucius project, located in the Keathley Canyon area of the deepwater Gulf of Mexico. “We are very pleased to achieve this important milestone in the development of the deepwater Luci
The Ejnan liquefied natural gas carrier, with a capacity of 145,000 cubic metres, is due to arrive in the Zeebrugge LNG terminal December 22, according to the Port of Zeebrugge website. The Zeebrugge LNG terminal is situated on a 30ha site in the outer port of Zeebrugge, Belgium. It is operated by F
CBM Asia Development Corp. said that it has been informed by the operator Newton Energy Capital Limited, that the first coalbed methane exploration core well (CBM-KW-01) in the Kutai West Coalbed Methane Production Sharing Contract block, located in East Kalimantan, Indonesia, was spud on December 1
With the opening of a new office in Perth, Kvaerner is boosting its presence in the oil and gas hub of the Asia Pacific region. “I am excited by the opportunities the Australian market represents,” Kvaerner’s president and CEO, Mr. Jan Arve Haugan, said at the opening of the Perth office on December
Indonesia’s PT Pertamina said that it hopes to secure supplies of liquefied natural gas from the Bontang LNG plant for Central Java FSRU project, the Jakarta Post reported, citing the company’s senior vice president for gas, Nanang Untung. “The high price has made LNG imports less favorable for us b
Offshore Middle East has announced the addition of Mr. Abdelkader Haouari, Offshore Operations Manager, Qatargas Operating Company Limited as part of the growing Advisory Board for the 4th Offshore Middle East Conference & Exhibition which will return to Qatar in 2013. To be held at the Qatar Nation
Energy Solutions International (ESI), a global supplier of pipeline management software for the oil and gas industry, announced that Gujarat State Petronet Limited (GSPL) has decided to expand their deployment of PipelineStudio. GSPL originally deployed PipelineStudio back in 2004. Recently a GSPL l
Qatargas , the world’s largest LNG producer, said today that the maintenance of its Trains 5, 6 and 7 and Qatargas 3 and 4 inlet receiving facilities has been completed. Earlier this year, Qatargas said that it will shut down three of the world’s biggest LNG producing plants at different times durin
Cheniere Energy, Inc. announced today the pricing of its previously announced offering of 36,300,000 shares of its common stock at a price per share of $8.35. The underwriter will have a 30-day option to purchase up to an aggregate of 5,445,000 additional common shares from Cheniere to cover any ove
SGS said it has acquired US engineering and consulting firm Innovative Technical Services (Intech). Intech is a privately held engineering and consulting firm specializing in production allocation modelling to the oil and gas industries. Founded in 2001 and located in New Orleans and Houston, Intech
The Board of Directors of FLEX LNG has resolved to issue 151,111 new shares to the members of the Board of Directors up to the 2011 ASM, as part of their remuneration for that period. In addition 150,000 shares are to be issued to Mr. Keith Meyer for work performed under a consultancy agreement with
Saggas has met the established timescales for putting its fourth liquid natural gas (LNG) storage tank into commercial operation. Doing so is the final stage in the successful construction of its new tank, work on which began in 2009 and, with it, the plant’s current storage capacity increases by 33
Fairstar Heavy Transport N.V. (FAIR) has signed a Bridge Loan Facility Agreement with Bank of China. The facility provides financing of the third installment of the construction of the FORTE in accordance with the Terms of Payment in the Shipbuilding Contract. The Bridge Loan Facility will be repaid
