In the first six months of 2011, E.ON, the Düsseldorf energy group, recorded a massive decrease for all key earnings indicators. While group sales rose by approximately 20 percent year-on-year to roughly EUR53 billion, the Adjusted EBITDA decreased by 45 percent to EUR4.3 billion. The main reasons f
GDF SUEZ reported robust results for first-half 2011, with EUR 45.7 billion in revenues, an increase of +7.9% despite very unfavorable impact of weather conditions in the Group’s domestic markets. Growth in operating activities was solid with EBITDA increasing +8.2%. This strong increase came mainly
Beach Energy Ltd has completed its internal assessment of the resource potential of the Holdfast-1 and Encounter-1 vertical shale gas wells with the booking of an initial gross contingent resource of 2 trillion cubic feet (TCF) of sales gas. While PEL 218 (Beach 90%) is approximately 1,600km 2 in si
Eastern Star Gas, today provided an update on its Tintsfield pilot and the next reserves assessment. The Tintsfield pilot commenced operation in April 2011, targeting the Hoskissons coal seam which to date has not been included in gas reserves assessments. In May 2011 ESG indicated that, unforeseen
Southern Union Company reported second quarter net earnings available for common stockholders of $59.8 million ($0.47 per share), compared with $69.4 million ($0.55 per share) in the prior year. Adjusted net earnings for the same period were $52.1 million ($0.41 per share), compared with $53.0 milli
GDF SUEZ and China Investment Corporation (CIC) have signed a Memorandum of Understanding (MoU) for cooperation across multiple businesses and regions, in particular in Asia Pacific. GDF SUEZ and CIC will cooperate on a non-exclusive basis to help accelerate their respective strategies by exploring
The National Engineering Services Pakistan (NESPAK) is preparing a feasibility report of a $7.5 billion Iran-Pakistan gas pipeline project. The first stage of the feasibility report will be completed within 14 months after which work on the stage two would begin with actual construction of the pipel
A new gas field containing around 495 billion cubic meters of natural gas worth $133 billion has been discovered in eastern part of the Assaluyeh, managing director of the National Iranian Oil Company (NIOC), Ahmad Qalebani announced. He went on to say that, over 80 percent of the new gas field rese
China Natural Gas, Inc., a leading provider of compressed natural gas (CNG) for vehicular fuel and pipeline natural gas for industrial, commercial and residential use in Xi’an, China, announced its financial results for the second fiscal quarter ended June 30, 2011. Qinan Ji, Chairman and CEO of Chi
Sempra Energy reported second-quarter 2011 earnings of $511 million, or $2.12 per diluted share, up from earnings of $222 million, or $0.89 per diluted share, in the second quarter 2010. This year’s second-quarter earnings included a gain of $277 million, or $1.15 per diluted share, reflecting the w
The commercial engineer, Ricardo Cruzat Ochagavía, with an extensive professional career in both the private and public sectors, assumed August 1, the position of chief executive officer of ENAP, in replacement of the civil industrial engineer, Rodrigo Azócar Hidalgo. The executive is a commercial e
Woodside Petroleum has pledged to ensure that no populations of bilbies will be harmed during development of its proposed $30 billion gas hu… (thewest) [mappress] Source: thewest, August 9, 2011;
Meridium Inc., the global leader in asset performance management (APM) software and consulting solutions, today announced that Gladstone Liquefied Natural Gas (GLNG) in Queensland, Australia, has selected Meridium as the platform for its enterprise-wide APM initiative. The GLNG plant, which began co
Chiyoda Corp. Tuesday reported a jump in first-quarter profit to 1.62 billion yen, or 6.25 yen per share, from last year’s 1.31 billion yen… (rttnews) [mappress] Source: rttnews, August 9, 2011;
