ConocoPhillips today reported first-quarter earnings of $3.0 billion, compared with first-quarter 2010 earnings of $2.1 billion. Excluding gains from asset dispositions, first-quarter 2011 adjusted earnings were $2.6 billion, or $1.82 per share. “While our financial results were much improved from a
Tuesday in Copenhagen Alexey Miller, Chairman of the Gazprom’s Management Committee and Anders Eldrup, Chief Executive Officer of DONG Energy signed a Letter of Intent to establish cooperation in gas-fired power generation. The cooperation will focus on promoting the use of natural gas in Europe as
Eni, the international oil and gas company, today announces its group results for the first quarter of 20111 (unaudited). Financial Highlights • Adjusted operating profit: up 18.4% to €5.13 billion • Adjusted net profit: up 21.6% to €2.22 billion • Net profit: up 14.6% to €2.55 billion • Cash flow:
GE announced it has completed the strategic acquisition of John Wood Group PLC’s Well Support Division, expanding GE Oil & Gas’ extensive drilling and surface manufacturing and services portfolio. The John Wood Group PLC Well Support division, which has over 3,800 employees globally and operates app
A south-east Queensland boat builder has won a multi-million dollar contract to construct passenger ferries that will transport the Gladstone workers who will form the backbone of the state’s most important emerging industry. Premier Anna Bligh announced Hemmant-based Aluminum Boats Australia would
Orrigin Energy chief executive Grant King says only a single-train liquefied natural gas project may be initially approved for the Australia… (theaustralian) [mappress] Source: theaustralian, April 27, 2011;
Sensing opportunity in the country’s falling natural gas output, state-owned refiner Indian Oil Corporation (IOC) has decided to step up its… (financialexpress) [mappress] Source: financialexpress, April 27, 2011;
CNOOC Limited announced its results for the first quarter of 2011. During the period, the Company achieved a total net production of 85.2 million barrels of oil equivalent (BOE), representing an increase of 26.6% year-on-year (YoY). For the first quarter of 2011, the Company made five new discoverie
Petrobras’ domestic and foreign average oil and gas output in March reached 2,613,994 barrels of oil equivalent per day (boed), up 2.3% on the same period in 2010, and 0.4% higher than the total extracted in February this year. In Brazil, the Company’s average oil and gas output reached 2,376,186 bo
LNG Energy Ltd. announced that the Lebork S-1 well, on the Slupsk concession in Poland, has been successfully drilled, cased and cemented to its total depth of 3,590 meters. During drilling, numerous gas shows were recorded over 285 meters of the Lower Silurian, Ordovician and Cambrian shales. The g
The Zarga LNG carrier, with a capacity of 266,000 cubic metres, is due to arrive in the UK’s South Hook terminal May 4, 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 metres of
Golar LNG Limited has through transactions executed April 27th acquired an additional 9,014,198 Golar LNG Energy Limited shares at NOK 26.80 per share. This increases the Company’s ownership of Golar Energy to 94.2% and the number of shares held to 224,261,418. [mappress] Source: Golar LNG, April 27
Baker Hughes Incorporated today announced net income attributable to Baker Hughes for the first quarter 2011 of $381 million or $0.87 per diluted share compared to $129 million or $0.41 per diluted share for the first quarter 2010 and $335 million or $0.77 per diluted share for the fourth quarter 20
Leighton Contractors and Black & Veatch have signed a memorandum of understanding to jointly pursue the design, supply and construction of small to mid-scale liquefied natural gas projects across Australia to a maximum train capacity of 2mtpa using the Black & Veatch PRICO technology. As an Australi
