Teekay Corporation announced today that it has agreed to sell its remaining 49 percent interest in Teekay Offshore Operating L.P. to Teekay Offshore Partners L.P. for a total price of $390 million. OPCO currently operates a fleet of 33 shuttle tankers (including five chartered-in vessels), four Floa
The 138,000m³ British Trader tanker arrived at the UK’s Isle of Grain terminal with a Trinidadian LNG cargo today, and the shipping schedule… (argusmedia) [mappress] Source: argusmedia, March 3, 2011;
Blue Energy Limited advises that it has agreed to a request from Korea Gas Corporation (KOGAS) to further extend the expiry date on its farm-in option over ATP813P (Galilee Basin) and ATP814P (Bowen Basin) to 28 February 2012. Given the operational delays experienced in Blue Energy’s ATP814P explora
Cheniere Energy, Inc. reported a net loss of $86.1million, or $1.51 per share (basic and diluted), for the quarter ended December 31, 2010, compared with a net loss of $23.2 million, or $0.44 per share (basic and diluted), for the comparable 2009 period. Excluding a loss on early extinguishment of d
The manager of the Gorgon gas project insisted today that it has delivered $10 billion of work to local industry and more is on the way, des… (wabusinessnews) [mappress] Source: wabusinessnews, March 3, 2011;
WorleyParsons’ Chief Executive Officer John Grill has announced organizational changes which include the establishment of a new Executive Committee (ExCo) of five leaders. The five key leadership appointments and accountabilities are outlined below. As previously announced, Andrew Wood has been appo
A bidding group led by Mustang Al-Hejailan Engineering, a Wood Group company, has been awarded a general engineering services (GES+) contract by Saudi Aramco. The contract establishes a long-term framework for the supply of engineering, procurement and construction management services to support the
Wärtsilä will supply the world’s largest gas engines for a new Turkish power plant with a combined output of 135 MW. When the project is completed, Wärtsilä’s generating capacity in Turkey will exceed 3 GW. Approximately 85 per cent of these plants will be running on natural gas. Wärtsilä, a leading
Oilex Ltd provides the following operations update for WA-388-P in offshore Western Australia. Apache Northwest Pty Ltd, the Operator of the WA-388-P permit, has proposed to the Joint Venture to start drilling the first exploration well in WA-388-P in April 2011. The well will target the “La Rocca”
A senior Indonesian government official said about 10 billion U.S. dollars is needed to halve the country’s oil use, replacing it with gas… (chinadaily) [mappress] Source: chinadaily, March 3, 2011;
French energy company GDF Suez SA Thursday reported higher profit for 2010, helped by the strong performance of its energy business in Europ… (rttnews) [mappress] Source: rttnews, March 3, 2011; Image:
Wärtsilä, the marine industry’s leading solutions provider, has been awarded a contract by shipbuilding company STX Finland Oy to supply the propulsion machinery for a new passenger ferry to be built for Viking Line, a Finnish ship owner. The vessel will be the largest passenger ferry to operate on
The LNG Ondo liquefied natural gas carrier, with a capacity of 148,478 cubic metres, is due to arrive in the UK’s Dragon terminal March 10, according to the Milford Haven Port Authority website. BG and Petronas between them have contracted for the full capacity at Dragon LNG’s Milford Haven site ove
Opponents and environmental groups celebrated Wednesday after the Ninth Circuit Court of Appeals threw out the license for the Bradwood Land… (dailyastorian) [mappress] Source: dailyastorian, March 3, 2011;
