Further to the Company’s announcement of 29 November 2010, Karoon Gas Australia Limited and its related entities have executed final and binding documentation with its joint venture partner, ConocoPhillips (Browse Basin) Pty Ltd (“ConocoPhillips”) and its related entities, to acquire an additional 5
Chevron Corporation today announced that its Australian subsidiaries have signed binding Sales and Purchase Agreements (SPAs) with Tokyo Electric Power Company (TEPCO) for the delivery of liquefied natural gas (LNG) from the Chevron-operated Wheatstone natural gas project in Australia. Under the agr
BP today said that it expects future cash flows generated by its worldwide operations to grow faster than output. This growth is expected in both its upstream and downstream businesses as the company delivers its strategic priorities, increases its investment in future growth opportunities and portf
Kawasaki Kisen Kaisha Ltd. on Monday unveiled plans to develop a car carrier that uses liquefied natural gas as fuel and is expected to cut… Source: Nikkei [mappress] Source: Nikkei, July 26, 2011;
BG Group announced that its revenue and other operating income in 2Q increased by 26% to $5 115 million, reflecting the benefit of higher commodity prices and a 3% increase in E&P production, with solid operational performance across the Group’s assets. As a result of the above and a lower explorati
Peru’s liquefied natural gas (LNG) exports totaled US$576.6 million in the first half of 2011, Peru’s Foreign Trade Society (ComexPeru) repo… Source: Andina [mappress] Source:Andina , July 26, 2011;
Magellan Petroleum Corporation and Santos have now finalized discussions regarding an appropriate resolution of all remaining issues relating to the non-closure of the Evans Shoal transaction. The Company and Santos have agreed that $10 million of the sums deposited in connection with the Evans Shoa
The National Energy Board (NEB or the Board) today announced that it will hold a public hearing to consider an application submitted by BC LNG Export Co-operative LLC (BC LNG) for a 20-year licence to export liquefied natural gas (LNG) from Canada to Pacific Rim markets. This application is based on
QGC Pty Limited is about to start exploring for natural gas in the Bowen Basin. The company will drill several wells over the next 18 months, some to about 4.5km deep. These wells are aimed at sandstone formations up to 1km below aquifers of the Great Artesian Basin and are similar to gas wells bein
Iran will have the potential to export up to 250 million cubic meters of gas in next two to three years, managing director of the National Iranian Gas Company (NIGC), Javad Owji announced here. According to the report of the public relations of the NIGC, he said that Iran with 33 trillion cubic mete
BHP Billiton and Petrohawk Energy Corporation (“Petrohawk”) announced today that on 22 July 2011, BHP Billiton and Petrohawk received notice from the U.S. Federal Trade Commission of early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act in relation to BHP Bil
Sterling Resources Ltd. (“Sterling” or the “Company”) announces that the Field Development Plan (“FDP”) for the Breagh gas field has received the unconditional approval of the UK Department of Energy and Climate Change (“DECC”). FDP approval from DECC was formally granted at a ceremony that took pla
Foster Wheeler AG announced today that its board of directors has approved a senior leadership succession plan under which J. Kent Masters, 50, will become the company’s Chief Executive Officer, effective October 1, 2011. It is expected that he will stand for election to the company’s board of direc
In Nigeria, Saipem has been awarded the contract for the Otumara-Saghara-Escravos gas pipeline by Shell Petroleum Development, as part of Shell’s program to reduce gas flaring in the Country. The 42-kilometre-long pipeline, of various sizes ranging from 2 to 12 inch, and passing through a swampy ter
