Hyundai Heavy Industries, the world’s biggest shipbuilder, today reported first quarter net profit of KRW 903 billion, an increase of 21.16 percent year-on-year. Sales rose 16.92 percent to KRW 6.3 trillion won with operating profit up 10.99 percent to KRW 991.8 billion. Hyundai Heavy’s annual sales
Nippon Kaiji Kyokai (ClassNK) announced the publication of its new Guidelines for Floating Offshore Facilities for LNG/LPG Production, Storage and Offloading. The new guidelines address the wide variety of construction and survey requirements for FLNG and FLPG facilities including LNG/LPG Floating P
Turkmenistan has recently unveiled a new oil and gas research center in the capital city of Ashgabat. The center is the latest element to be… [mappress] Source: moveoneinc, April 29, 2011;
NEXI has decided to provide Export Credit Insurance regarding an engineering, procurement and construction (EPC) contract won by JGC Corporation of Japan and its subsidiary PT. JGC Indonesia for the Donggi-Senoro LNG Project in Sulawesi, Indonesia, which mainly covers post-shipment political risk. T
Origin Energy Limited today released its Quarterly Production Report for its exploration and production business, reporting production of 97.2 petajoules equivalent (PJe) and sales revenues of $627.5 million for the year to 31 March 2011. Origin Executive Director, Finance and Strategy, Ms Karen Mos
The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Henri Proglio, Chairman and CEO of EDF Group (France). The meeting focused on EDF entry in the shareholding structure of the South Stream AG joint project company. The meeting
ExxonMobil Thursday reported its first quarter 2011 results. HIGHLIGHTS • Earnings were $10,650 million, an increase of 69% or $4,350 million from the first quarter of 2010. • Earnings per share were $2.14, an increase of 61%. • Capital and exploration expenditures were $7.8 billion, up 14% from the
The Al Khattiya LNG carrier, with a capacity of 210,000 cubic metres, is due to arrive in the UK’s South Hook terminal May 6, according to the Milford Haven Port Authority website. The South Hook terminal can process 15.6 million tonnes of LNG a year and is capable of delivering 21 billion cubic met
OAO NOVATEK announced that the Annual General Meeting of Shareholders (AGM) has approved the election of new members to the Board of Directors. The Board of Directors is comprised of the following members: Andrei I. Akimov: Chairman of the Management Board of Gazprombank; Burckhard Bergmann: member
Qatar would donate $100 million to Japan to help in the country’s reconstruction after the devastating earthquake in March, a media report s… [mappress] Source: yahoo, April 29, 2011;
Eni and Sonatrach signed Thursday a cooperation agreement for the development of unconventional oil, with particular focus on shale gas reinforcing the close relationship between the two companies. With extensive experience in exploration and production of unconventional oil, Eni and Sonatrach will
GDF SUEZ announces the creation of GDF SUEZ Trading, a fully owned GDF SUEZ subsidiary, operating on energy markets. GDF SUEZ Trading will start to operate on the markets as of the 2nd of May 2011. GDF SUEZ Trading’s mission is to accompany the Group’s entities in the optimization of their asset por
The Executive Committee of EXMAR NV Thursday reported its trading update for the first quarter of 2011. The Group had an operating result (EBIT) of USD 8.7 million for the first quarter 2011 (USD 5.6 million for the first quarter 2010). LPG The operating result (EBIT) of the LPG fleet was USD -2.0 m
Apache Corporation reported production of 732,000 barrels of oil equivalent (boe) per day and earnings of $1.1 billion, or $2.86 per diluted share, for the three-month period ending March 31, 2011. These compare with production of 586,000 boe per day and net income of $705 million, or $2.08 per dilu
