Wood Mackenzie dispels talk that the oil and gas business is a ‘sunset industry’ in a report titled ‘The changing face of upstream value’. This documents strong, prospective value growth in the upstream industry, with a 23% increase on Wood Mackenzie’s 2010 forecast. The sector is valued at approxim
Wood Group today announced 2011 first half results. Financial Highlights Total revenue6 of $2,828.8m (2010: $2,409.7) up 17% Total EBITA2,6 of $192.0m (2010: $153.3m) up 25% Revenue from continuing operations, including PSN since acquisition and excluding Well Support, of $2,481.8m (2010: $1,959.7
In a meeting with His Excellency Dr Mohammed Bin Saleh Al Sada, Minister of Energy and Industry and Chairman of RasGas Company Limited (RasGas), Mr Yasunori Takagi, CEO and President of LNG Japan Corporation, presented a contribution in support of RasGas’ Corporate Social Responsibility (CSR) progra
In its submission on the Australian Government’s Clean Energy Legislative Package, the peak body representing Australia’s oil and gas industry has suggested a number of amendments to improve the proposed carbon pricing plan’s ability to meet Australia’s greenhouse gas emissions reduction targets at
Oil Search announced results for the six months ended 30 June 2011. Highlights – Oil Search reports that profit after tax for the six months to 30 June 2011 was US$114.5 million, compared to US$52.9 million in the corresponding period of 2010. The 117% increase in net profit was primarily driven by
Origin Energy Limited (Origin) today announced a 15 per cent increase in Underlying Profit to $673 million for the financial year ended 30 June 2011, when compared with the prior year. Significant contributions to the increase in Underlying Profit came from the newly acquired NSW energy businesses a
RSI, the world leading dynamic simulation solutions provider, delivered an Operator Training Simulator (OTS) system to HANAS LNG in July 2011. Ningxia Hanas LNG is the largest LNG plant built in China to date. It is located in Yinchuan, capital city of Ningxia Hu autonomous region in China and has t
Pivotal LNG, a subsidiary of AGL Resources Inc., has signed an agreement with Encana Natural Gas Inc., a subsidiary of Encana Corporation, to supply liquefied natural gas (LNG) that Encana plans to offer to service providers operating fleet trucks in the Haynesville area of Louisiana. Encana will di
Kongsberg Maritime announced the successful delivery of high performance CCTV systems for installation on National Gas Shipping Company’s (NGSCO) entire fleet of eight LNG carrier vessels in the Middle East. The project was secured in conjunction with Unique Systems FZE, Kongsberg Maritime’s local s
KBR today announced it was awarded a contract by Anadarko Mozambique Area 1, Ltd., to perform a pre-front-end-engineering and design (pre-FEED) study for a prospective Liquefied Natural Gas (LNG) plant in Mozambique, Africa. The award of the contract follows the recent natural gas discoveries by Ana
Qatargas’ Plateau Maintenance Project (PMP) has achieved a significant safety milestone as the project’s 2000-strong workforce completed three million man hours without any lost time injury (LTI). This LTI milestone was enabled by the project’s behavioral based safety observation program which recen
Nigeria is looking in the direction of Japan and China for the exportation of Liquefied Natural Gas within the next few years, BusinessDay… (businessdayonline) [mappress] Source: businessdayonline, August 22, 2011;
Petrofac today announced results for the first six months ended 30 June 2011. FINANCIAL HIGHLIGHTS Revenue up 25.2% to US$2,711.1 million (2010 restated: US$2,165.8 million) Net profit up 6.6% to US$246.3 million (2010 restated: US$231.0 million) Earnings per share (diluted) up 6.7% to 71.84 cents (
Exoma Energy Limited announced that the fifth well of its 2011 exploration campaign, Katherine-1, has spudded. The primary target of this well will be Shale Gas in the Toolebuc Formation of the Eromanga Basin in Central Queensland. After coring the shale, this well will be deepened to test a potenti
