As BP announced its financial results for the third quarter of 2011 group chief executive Bob Dudley today set out more details on BP’s future direction and strategic priorities, saying the company had reached a clear turning point. Progress made through 2011 in reshaping and focussing the company i
Yemen LNG has completed the last repair weld on the pipeline. Meanwhile, the annual shutdown of the plant was advanced and is reaching completion. “The teams have been fantastic,” said François Rafin, the General Manager of the Company. “We are back in business; Balhaf will restart on 26th October”.
The GE and Penrice Consortium, which brings together GE and Penrice Soda Holdings Ltd, announced an agreement with Australian coal seam gas producer QGC Pty Limited to design, build and operate a brine pilot plant (BPP) at Penrice’s chemical works at Osborne, South Australia. The GE Penrice BPP is p
The board of BP plc today announced that Brian Gilvary will join the board and become the company’s chief financial officer (CFO) with effect from 1 January 2012. Byron Grote, the current CFO, will take up a new role as executive vice president, corporate business activities, on the same date. Dr Gr
An Iranian official has announced that the country is engaged in talks with a Chinese consortium for participation in the construction of an… (presstv) [mappress] Source: presstv, October 25, 2011;
Oil Search announced results for the quarter ended 30 September 2011. HIGHLIGHTS • Execution of the PNG LNG Project, operated by Esso Highlands Limited, an affiliate of Exxon Mobil Corporation, continued during the third quarter of 2011. Milestones included the delivery of the last of the line pipe
BG Group plc today reported its 2011 third quarter results. Third Quarter Key Points • Total operating profit up 17% year-on-year to $1.9 billion • Cash flow from operations up 59% year-on-year to $2.7 billion • Production up 1%, held back by outages at UK facilities which are now back onstream • 20
Chevron expects to reach its goal of selling 80 to 85 percent of its liquefied natural gas from its A$29 billion ($30.25 billion) Wheatstone project in Australia by mid-2012, Chevron Australia’s managing director, Roy Krzywosinski, said on Tuesday. “We have multiple discussions going on with potenti
Japan’s second-largest power utility, Kansai Electric, imported almost four times as much LNG from… (platts) [mappress] Source: platts, October 24, 2011
Lightfoot Capital Partners, LP announced that it has teamed up with GE Energy Financial Services, a unit of GE, to make a strategic investment in the liquefied natural gas market. Lightfoot Capital will make a direct investment and own a 48 percent interest in Arc LNG Holdings LLC, which will own a
A Russian delegation has left for Seoul for a meeting of the intergovernmental commission on gas… (RIA Novosti) [mappress] Source: RIA Novosti, October 24, 2011
State-run gas utility GAIL India plans to raise $300 million through overseas borrowing shortly… (reuters) [mappress] Source: reuters, October 24, 2011
Iran’s Oil Minister Rostam Qasemi has underlined the necessity to produce and export liquefied… (presstv) [mappress] Source: presstv, October 24, 2011
British prompt gas prices traded slightly higher on Monday as the system was undersupplied despite… (reuters) [mappress] Source: reuters, October 24, 2011
