Wärtsilä’s Board of Directors has appointed Mr Björn Rosengren M.Sc. (Tech.), born 1959, as the new President and CEO of Wärtsilä Corporation. He will assume the position on 1 September 2011, succeeding Mr Ole Johansson, who will retire. Currently Mr Rosengren works as Senior Executive Vice Presiden
The biggest single user of Cook Inlet natural gas is shutting down, raising fresh concern about the future of Southcentral Alaska’s main ene… (anchorage daily) [mappress] Source: anchorage daily, February 10, 2011;
PetroChina International Investment Company Limited, a subsidiary of PetroChina Company Limited and Encana Corporation signed a Co-operation Agreement , that PetroChina would acquire a 50 percent interest in Encana’s Cutbank Ridge business assets in British Columbia and Alberta, Canada at a consider
Following a number of market consultations in 2010, Fluxys and federal electricity and gas regulator CREG have agreed to launch a project to introduce a new access model for the Fluxys natural gas transmission grid by the end of 2012. The new model will give grid users greater flexibility in booking
The National Energy Board announced that it will hold a public hearing to consider an application submitted by KM LNG Operating General Partnership (KM LNG) for a 20-year licence to export natural gas in the form of liquefied natural gas (LNG). In its application, KM LNG stated that the majority of
As part of its bi-annual impairment review and in accordance with its policies, Beach Energy Limited intends to write down its share in BMG to a nominal value, in light of BMG moving to a non-production phase and as planning proceeds in relation to Phase 2 gas and liquids development options. It sho
Nord Stream has won the award for European mid-stream gas project of the year at this year’s Project Finance Awards ceremony. The awards recognise innovation, deal repeatability, best practice, problem solving, risk mitigation, value for money and speed of delivery in financing. Nord Stream was sing
Noble Energy, Inc. announced today its 2011 capital program and guidance. The Company’s total capital program is estimated at $2.7 billion, with investment split relatively evenly between the United States and international operations. Approximately 42 percent of the program is going toward major pr
EXCO Resources, Inc. announced that it received approximately $230 million from BG Group, plc in exchange for a 50% interest in oil and natural gas assets prospective for Marcellus shale development that EXCO recently purchased from Chief Oil & Gas LLC and related parties. The development of these a
Chevron Corporation today announced a further drilling success in the Carnarvon Basin offshore Western Australia, Australia’s premier hydrocarbon basin. The Orthrus-2 well is located in the WA-24-R permit area approximately 60 miles (100 kilometers) northwest of Barrow Island. The well was drilled t
Qatargas today confirms it has reached the milestone of being world’s largest LNG producer with the production of liquefied natural gas (LNG) from its newly completed mega Train 7 of the Qatargas 4 (QG4) project in Ras Laffan Industrial City. The QG4 project was constructed and is now operated by Qa
Chesapeake Energy Corporation announced that it has priced its previously announced public offering of $1.0 billion principal amount of Senior Notes due 2021. The notes were priced at par and carry an interest rate of 6.125% per annum. Chesapeake expects the issuance and delivery of the senior notes
Temperature and pressure sensors from ABB’s UK Measurement Products business are helping to maintain safety at the world’s largest above ground liquid natural gas (LNG) tanks at National Grid’s Isle of Grain terminal. The four tanks, each holding 200,000 m3 of LNG, are 50 metres high, larger than th
Conglomerate San Miguel Corp. is willing to invest up to 1 billion U.S. dollars to convert and expand the 620-megawatt Limay combined cycle … (mb) [mappress] Source: mb, February 9, 2011;
