Teekay GP LLC, the general partner of Teekay LNG Partners L.P., has declared a cash distribution of $0.63 per unit for the quarter ended December 31, 2010, an increase of $0.03 per unit, or 5.0 percent, from the previous quarter. “The Partnership’s growing portfolio of long-term, fixed-rate charters
The Board of Directors of Exxon Mobil Corporation declared a cash dividend of 44 cents per share on the Common Stock, payable on March 10, 2011 to shareholders of record of Common Stock at the close of business on February 10, 2011. This first quarter dividend is at the same level as the dividend pa
Chevron Corporation announced a series of senior management moves in key corporate and upstream leadership positions. These executive appointments are effective March 1, 2011. James Blackwell has been named executive vice president, Technology and Services. Blackwell, who has been with the company s
The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and His Excellency Yves Leterme, Prime Minister of the Kingdom of Belgium. The parties addressed the promising areas of Russian-Belgian cooperation in the energy sector placing an
A new company providing a comprehensive range of consultancy and support services to the worldwide marine, construction, drilling and floating production industries has been established in Aberdeen. Maritime Assurance & Consulting Ltd (MAC) has been launched by Graeme Reid, who has more than 15 year
KBR announced that it has been selected by Chevron USA Inc. to execute the detailed design for the Chevron Big Foot Topsides project. The Big Foot field is located in the Walker Ridge Block 29 of the Gulf of Mexico and is owned by Chevron USA Inc. (operator) and other working interest owners. The pr
Qatargas will mark its sixth straight year as a sponsor of the Commercialbank Qatar Masters to be staged at Doha Golf Club as a part of its 2011 Corporate Social Responsibility strategy. The pioneering Qatari LNG company, Qatargas sees the $2.5 million European Tour event coming again to Qatar as co
ConocoPhillips today reported fourth-quarter earnings of $2.0 billion, compared with fourth-quarter 2009 earnings of $1.3 billion. Excluding gains from asset dispositions, impairments and other items, fourth-quarter 2010 adjusted earnings were $1.9 billion, or $1.32 per share. For 2010, the company
Muhibbah Engineering (M) Bhd and its consortium partner Perunding Ranhill Worley Sdn Bhd have secured a RM1.07 billion contract from Petrona… [mappress] Source: yahoo, January 26, 2011;
The Al Rekayyat LNG carrier, with a capacity of 216,000 cubic metres, is due to arrive in the UK’s South Hook terminal February 2, 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 cubi
IBERDROLA completed a €750 million issue of 3-year bonds on the euro market. Given the current favourable market conditions for companies such as IBERDROLA, the initial amount was raised by €250 million. This issue was nearly seven-times oversubscribed, drawing orders of €5.2 billion, and was placed
Global oil and gas deals returned to a peak of $183 billion in 2010, on strong interest in unconventional resources, portfolio adjustments… (economictimes) [mappress] Source: economictimes, January 26, 2011;
Hess Corporation reported net income of $58 million for the fourth quarter of 2010 compared with net income of $358 million for the fourth quarter of 2009. The after-tax income (loss) by major operating activity was as follows: Exploration and Production earnings were $420 million in the fourth quar
Mitsubishi Corp. and Royal Dutch Shell PLC are in talks with Iraq on a natural gas processing plant project in the Middle Eastern country… [mappress] Source: zawya, January 26, 2011;
