Chevron Corporation announced a $32.7 billion capital and exploratory spending program for 2012. Included in the 2012 program are $3 billion of planned expenditures by affiliates, which do not require cash outlays by Chevron. Total investments for 2011 are estimated at $33 billion, reflecting approx
The Gazprom delegation participated in the 20th World Petroleum Congress that took place in Doha, the capital of Qatar. The major objective of the Congress is exchanging experience in the gas and oil sectors. Sergey Shmatko, Russian Energy Minister visited an exhibition booth organized by Gazprom as
Fluor Corporation announced changes to the company’s existing senior leadership structure. Kirk Grimes will assume the role of group executive for Operations overseeing the company’s Construction, Procurement, Project Risk Management and Sustainability functions, as well as Project Execution Service
Encana Corporation has reached an agreement to sell two natural gas processing plants servicing the Cutbank Ridge area to Veresen Inc. for approximately C$920 million. The sale includes Encana’s 100 percent interest in its Steeprock plant in northeast British Columbia and its Hythe plant in northwes
Woodside today announced that the North West Shelf Project participants have approved development of the first phase of the Greater Western Flank (GWF) Project off the north-west coast of Australia. The GWF Phase 1 Project will develop the Goodwyn GH and Tidepole fields, via a subsea tie-back to the
The Simaisma liquefied natural gas carrier, with a capacity of 145,800 cubic metres, is due to arrive in the Zeebrugge LNG terminal December 11, 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 b
Irkutsk hosted yesterday a working meeting between Alexander Ananenkov, Deputy Chairman of the Gazprom Management Committee and Dmitry Mezentsev, Governor of the Irkutsk Oblast. The parties discussed the issues surrounding creation of the Irkutsk gas production center as part of the Eastern Gas Prog
The Department of Energy (DOE) is teaming up with South Korea in conducting the Philippines-Korea NGV Forum. The one-day event, as part of the celebration of the National Energy Consciousness Month (NECM), will be held today in Pasig City. It will feature a Policy and Technical Seminar, Product Exhi
Marathon Oil Corporation announced today a $4.822 billion capital, investment and exploration budget for 2012, approximately 65 percent of which is targeted to the Company’s liquids-rich, growth assets. “Our 2012 capital budget of $4.8 billion highlights our continued focus on the liquids-rich U.S.
Iran has participated in the 2011 World Petroleum Congress (WPC), spokesman for the National Iranian Gas Company (NIGC), Majid Boujarzadeh announced. According to the report of the public relations of the NIGC, he said that an Iranian delegation headed by the country’s oil minister Rostam Qasemi has
Russian gas giant Gazprom is interested in taking part in liquefied natural gas projects in Latin America. “The main area for developing partnership with Latin American partners in the long-term might be Gazprom’s involvement in integrated LNG projects in the region, as well as the implementation of
Shell has found shale gas in China, Professor Yuzhang Liu, Vice president of Petrochina’s Research Institute of Petroleum Exploration and Development, told Reuters. He said that drilling results from two wells Shell drilled had been positive. China has 1275 trillion cubic feet of technically recover
India’s ONGC is in negotitations with Russian Gazprom to jointly develop projects to produce liquefied natural gas, India’s oil ministry said in a statement. Shri S Jaipal Reddy, India’s Minister of Petroleum and Natural Gas and Mr Sergey Shmatko, Russian Minister of Energy met at a bilateral meetin
Qatargas Chief Executive Officer, Khalid Bin Khalifa Al-Thani, today stated Qatargas would continue to seek, for now and well into the future, increased energy efficiencies across its facilities to ensure stability and a better tomorrow for future generations. Presenting a paper on “Supporting the o
