CB&I reported net income of $72.2 million, or $0.72 per diluted share, for the third quarter of 2011. Revenue for the quarter was $1.3 billion. New awards for the third quarter exceeded $3.8 billion, including a $2.3 billion contract in Australia for the mechanical, electrical and instrumentation wo
Woodside Petroleum Ltd., developer of the A$14.9 billion ($15.5 billion) Pluto liquefied natural gas project in Australia, said demand for… (bloomberg) [mappress] Source: bloomberg, October 26, 2011;
Officials say cargo tonnage at the Port of Pascagoula was up 27 percent through the third quarter compared to 2010, mostly due to… (wlox) [mappress] Source: wlox, October 25, 2011;
Chevron Corporation announced that its Thailand subsidiary has commenced natural gas production from the Platong II project in the Gulf of Thailand. The $3.1 billion project is expected to ramp up production to 330 million cubic feet per day. The natural gas will feed growing demand for energy in Th
British prompt gas prices fell on Tuesday as warmer weather weighed on demand while plentiful supplies and weaker oil prices drove losses… (reuters) [mappress] Source: reuters, October 25, 2011;
The Gazprom-led Sakhalin-2 consortium, which includes Anglo-Dutch major Royal Dutch Shell , is expected to make a decision soon on building… (reuters) [mappress] Source: reuters, October 25, 2011;
In September, Petrobras’ oil and natural gas output in Brazil and abroad was 2,591,624 barrels of oil equivalent per day (boed), up 2.43% year-on-year, and 1.41% higher than the August figure. Fields in Brazil alone achieved average oil and gas output of 2,353,057 boed, 3.1% up on September 2010 and
The Board of Directors examined information on cost reduction activity in various businesses of Gazprom Group in 2011. The Management Committee was charged to continue Gazprom’s cost reduction efforts in 2012. It was noted that Gazprom was pursuing an integrated approach to cost reduction. The appro
Argentina is preparing to launch a tender to import a record volume of LNG in 2012, following president Cristina Kirchner´s landslide victor… (argusmedia) [mappress] Source: argusmedia, October 25, 2011;
Queensland will build two new gas-fired power stations at Ipswich and Gladstone. (smh) [mappress] Source: smh, October 25, 2011;
Two or three more foreign partners could join French major Total as investors in an Arctic liquefied natural gas project under development… (reuters) [mappress] Source: reuters, October 25, 2011;
Enagás reported net profit of €270.8Mn for the first nine months of 2011, 6.2% more than the €254.9Mn registered in the same period in 2010. EBITDA, meanwhile, totalled €654.7Mn, 11.3% higher than the year-earlier figure of €588.1Mn. This earnings growth has been driven mainly by the Company’s ongoi
State-run gas utility GAIL India plans to buy stakes in more shale gas assets in the United States, its chairman B.C. Tripathi said on Monda… (reuters) [mappress] Source: reuters, October 25, 2011;
Iran-Pakistan gas pipeline project will be completed soon to curb the existing energy crisis of Pakistan, Iran’s ambassador to Pakistan, Mashallah shakeri said. He went on to say that, Iran has almost completed due work on Iran-Pakistan gas pipeline project and now its Pakistan turn to complete the
