El Paso Pipeline Partners today reported first quarter 2011 financial and operational results. Highlights: — $0.57 earnings per common unit for first quarter 2011, an 8 percent increase from first quarter 2010 — $230 million adjusted EBITDA for the first quarter 2011, up 35 percent from first quarte
Beach Energy Limited released monthly drilling report ended 4 May 2011. Beach Operated Cooper-Eromanga Basin Gas – PEL 106FI Block The Canunda-1 extended production test is continuing. The well is now shut in for an extended pressure build-up, analysis of which will provide insight into reservoir si
Port Arthur leaders now have a better idea of a Port Arthur natural gas company’s plans for a $6 billion dollar expansion project… (kcentv) [mappress] Source: kcentv, May 5, 2011;
E.ON operating earnings were again strong in 2010, more than EUR9 billion of planned EUR15 billion divestment target are already delivered. Management has recommended dividend of EUR1.50 per share. “E.ON faces substantial business and energy-policy challenges. But our solid balance sheet and clear c
Nord Stream AG announced that all three sections of its first 1,224 kilometre gas pipeline through the Baltic Sea have now been laid and will be joined together underwater off the coast of Finland and Sweden in the summer. The new pipeline system will start transporting natural gas from Russia direc
Wet weather continues to hurt Santos’ operations, with production tipped to be four per cent lower than previously forecast… (yahoo news) [mappress] Source: yahoo news, May 5, 2011;
Wärtsilä, the marine industry’s leading solutions provider, has been contracted by Kleven Maritime of Norway to design a new LNG powered Platform Supply Vessel (PSV) of the Norwegian operator Rem Offshore. The scope of the order also includes the propulsion machinery, automation and other equipment
With political turmoil in many oil-rich countries, oil prices soaring and diesel fuel and gasoline following the same upward spiral, the search for alternate sources of energy is intensifying. And no other class of commerce is more interested in moving away from oil-based fuels than the nation’s tru
Further to the announcement on April 26 that Golar LNG Limited had acquired shares in Golar LNG Energy from institutional and other investors via a share swap, the Company confirms that its issued share capital has been increased by 6,052,073 to 74,250,773. The additional shares in the Company have
Höegh LNG (HLNG) plans a private placement of approximately USD 200 million in May to expand its fleet of LNG re-gasification vessels, with subsequent listing on Oslo Stock Exchange in June. The market for LNG is developing favourably and the demand for new LNG production, shipping and re-gasificati
Lhasa, a city located on the “roof of the world”, will bid farewell to liquefied petroleum gas (LPG) and welcome greener liquefied natural g… (peopledaily) [mappress] Source: peopledaily, May 5, 2011;
Prime Minister Syed Yusuf Raza Gilani on Wednesday said his government fully respects the courts and its decisions and urged the French ener… (app) [mappress] Source: app, May 4, 2011;
RWE Dea Egypt has announced a further gas find in the North El Amriya concession. The company, as operator, holds a 100% stake in this concession. The NEA 4x strike is about six kilometres east of the NEA 3x find confirmed in January in the offshore concession North El Amriya, some 40 kilometres nor
Chevron Corporation has announced today that it has agreed to acquire oil and gas assets, primarily 228,000 net leasehold acres, in the Marcellus Shale from Chief Oil & Gas LLC and Tug Hill, Inc. Terms of the transaction, which is expected to close before the end of the second quarter, were not disc
