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
Property values in southwest Topeka’s Lauren’s Bay area plummeted after a dam breach in 2009 turned the pond that served as its centerpiece… By Tim Hrenchir (cjonline) [mappress] Source: cjonline, February 10, 2011;
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
Cameron reported net income of $164.6 million, or $0.66 per diluted share, for the quarter ended December 31, 2010, compared with net income in the prior year’s fourth quarter of $97.3 million, or $0.41 per diluted share. The fourth quarter 2010 results include after-tax charges of $6.2 million, or
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
We hear new murmurs that the Pine Belt and Hattiesburg, specifically, could benefit greatly from planned expansion of the state Port of … (hattiesburgamerican) [mappress] Source: hattiesburgamerican, February 9, 2011;
Norwegian Cruise Line announced today that it has completed the first phase of enhancements at Great Stirrup Cay, the line’s 250-acre private island in the Bahamas. On Thursday, February 3, the company opened the new marina and dining facility on the island, representing a significant milestone in t
Bangkok-based Mermaid Maritime has appointed a former UK shipbuilder as its new chief executive officer. Denis Welch, whose career started at UK shipyard Swan Hunter and who was most recently chief executive of Drydocks World in Southeast Asia has been appointed to the top executive post at Mermaid
Statoil reported a 27% rise in net operating income to NOK 42.8 Billion (US $7.425 Bn) for the fourth quarter last year, up from NOK 33.5 Bn. And for the full year the net operating income hit NOK 137.2 Bn, up from NOK 121.6 Bn in 2009.
One of APL’s container carriers will be equipped with a seawater scrubber, an air pollution-reduction device. It will be used when the ship is calling ports in the Southern California. The USD 3.4 million project is co-sponsored by the ports of Los Angeles and Long Beach. The project is expected to
