A group of 73 Papua New Guineans have taken the first steps towards an exciting new career, completing the first stage of their Production Operations and Maintenance training program. Trainees who meet the program’s academic and behavioural expectations will travel to Canada in January to complete o
Argentina’s Enarsa awarded close to 50 liquefied natural gas cargoes for 2012 delivery, Argus media reported. Enarsa agreed to pay around $11/mn for 23, 138,000 m³ cargoes to be delivered to the Bahia Blanca Terminal and $12-13/mn Btu for Escobar deliveries. Recently, the company launched an interna
GAC has signed a global hub contract with specialist transporter of liquefied natural gas, Angola LNG Supply Service (ALSS), to provide ship agency services to its vessels. The agreement was signed by ALSS’s General Manager William E. Haune, Jr. and GAC’s Group President, Capt. Lars Säfverström. Usi
Mitsui & Co., Ltd. announced that Mitsui E&P Texas LP, a wholly owned subsidiary of Mitsui, and SM Energy Company have closed the previously announced agreement for MEPTX to acquire a 12.5% working interest in SME’s Eagle Ford property in Texas, USA. Mitsui has participated in shale oil/gas projects
The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Yury Boiko, Ukrainian Energy and Coal Industry Minister. The parties discussed the issues of bilateral cooperation and marked fruitfulness of the current dialogue. The parties we
GAIL (India) Limited has tied up a term loan of US $ 100 million from Bank of Tokyo – Mitsubishi UFJ. The loan agreement was signed between Mr. P K Jain, Director (Finance), GAIL (India) Limited and Mr. Naoki Isetani, General Manager, Bank of Tokyo yesterday. The term of the loan is 5 years. This [&
India plans to invest in foreign LNG terminals to help meet its growing gas demand, oil minister Jaipal Reddy said in a speech at World Petroleum Conference in Doha. India is also expanding its LNG regasification capacity and the country is looking for long-term LNG deals, he added. As domestic gas
Hosting of the 20th World Petroleum Congress in Doha, for the first time in the Middle East, reflects Qatar’s major contribution to supplying safe and secure energy to a growing global market, said Hamad Rashid Al Mohannadi, Managing Director of RasGas Company Limited (RasGas) yesterday, in his open
Taiwan’s CPC Corporation signed a long-term agreement with Qatar’s RasGas to purchase 1.5 million tonnes of LNG a year, CPC said in a statement. The agreement was signed on the sidelines of the 20th World Petroleum Congress held in Doha. LNG deliveries under the long-term deal will start in 2013. Qa
Port of Sines is scheduled to receive a shipment of LNG from Nigeria on December 10, according to the Port of Sines website. The LNG Lagos, with a capacity of 122,000 cubic metres, is sailing from Nigerian Bonny terminal. The terminal is held by REN Atlântico and has a nominal send out capacity of 6
Australia Pacific LNG welcomed the Queensland Government’s announcement of the Gladstone Foundation trust fund, established to provide social infrastructure facilities and services within the Gladstone region. Australia Pacific LNG has committed $5 million to the $13.5 million trust fund, with the r
INPEX CORPORATION announced today that INPEX Ichthys Pty Ltd and other project group companies have reached an agreement with Osaka Gas Co., Ltd. to transfer its 1.2% of Ichthys project equity interest. Based on the agreement, Ichthys project equity interest will be as follows: • INPEX – 74.8% • TOT
GE Oil & Gas yesterday opened its $100 million technology and learning complex in Jandakot, Western Australia, to support the development of skills for the oil and gas sector and provide its first in-country support and maintenance center for the upstream industry. The biggest complex of its kind in
Future growth in world energy demand is a cause for optimism because it will signal economic recovery and progress, Rex W. Tillerson, chairman and chief executive officer of Exxon Mobil Corporation, said today. ExxonMobil is forecasting the global economy to more than double in size between 2010 an
