CB&I today reported net income for the fourth quarter of $63.2 million or $0.63 per diluted share, versus $41.2 million or $0.41 per diluted share in 2009. Revenue for the quarter was $947.9 million with new awards of $992.0 million. For the full-year, net income was $204.6 million, or $2.04 per dil
Transeuro Energy Corp. issues an update on its Ukraine operations. Logging operations are now ongoing at Total Depth (TD) to acquire the standard set of wireline logs, plus a log to identify the location and orientation of natural fractures in the rock, and finally a pressure tool to confirm the res
Sempra Energy announced that Alan L. Boeckmann has been elected to the company’s board of directors. “Alan Boeckmann has a strong background in international business management, construction and engineering that will complement our board of directors well,” said Donald E. Felsinger, chairman and ch
Today at the Gazprom headquarters Alexey Miller, Chairman of the Company’s Management Committee and Natalia Komarova, Governor of the Khanty-Mansiysk Autonomous Okrug – Yugra signed the Cooperation Agreement for 2011–2013. The Agreement sets forth the key areas of bilateral cooperation, including pr
In Wilhelmsen Ships Service’s continued expansion of its liferaft service station network, the company is opening a new Liferaft Exchange (LRE) service station in Darwin, NT. The station will be fully operational from March 2011. “The Darwin LRE station will be the first for the company in Oceania a
UPS today announced it has purchased another 48 heavy tractor trucks equipped to run on Liquefied Natural Gas (LNG), bolstering its continuing effort to reduce the emissions of its truck fleet while taking a step toward energy security. The vehicles, to be deployed this year in the western United St
The Excelerate LNG carrier, with a capacity of 138,000 cubic metres, is due to arrive in the UK’s South Hook terminal March 1, 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 me
Construction of the Nord Stream Pipeline continues on track. Over 1,000 kilometres of Line 1 have been laid in the Baltic Sea and pipe-laying works have already been completed at the landfalls for Line 2. The project has received all the necessary permits, and all pipes and construction capacities h
BP announced today the intention of selling its interests in a number of operated oil and gas fields in the UK. The assets involved are the Wytch Farm onshore oilfield in Dorset and all of BP’s operated gas fields in the Southern North Sea, including associated pipeline infrastructure and the Dimlin
Petronas Gas Bhd, a Malaysian natural gas distributor, said third-quarter net income jumped 50.4 per cent to RM400.7 million from RM266.5 mi… (btimes) [mappress] Source: btimes, February 22, 2011;
Vitol Group published its Group report for the period ended 31 December 2010. Total traded volumes for the Group in 2010 rose 25% to around 394 million metric tonnes (mts) from 316 million mts in 2009, helped particularly by higher crude oil, electricity and natural gas volumes. Revenues for 2010 to
Chiyoda announced today that Woodside has awarded CJV, a joint venture comprising Chiyoda Corporation, as a JV leader, CB&I and Saipem S.p.A. for the FEED contract for the onshore component of the Browse LNG Development natural gas liquefaction facilities in Western Australia. The work scope include
Royal Dutch Shell PLC said Tuesday that it expects to sign off on its first floating liquefied natural gas project within months, and plans… (automatedtrader) [mappress] Source: automatedtrader, February 22, 2011;
An agreement has been reached today between Osaka Gas Co., Ltd. and Okinawa Electric Power Company, Inc. for a long-term sale and purchase of LNG. Following the signing of the heads of agreement in May 2010 on the key terms and conditions, the two companies inked the sale and purchase agreement (SPA
