Archive for: October, 2010

USA: Chevron Reports Third Quarter Net Income of $3.77 Billion, Down from $3.83 Billion in Third Quarter 2009

USA: Chevron Reports Third Quarter Net Income of $3.77 Billion, Down from $3.83 Billion in Third Quarter 2009

Chevron Corporation today reported earnings of $3.77 billion ($1.87 per share – diluted) for the third quarter 2010, compared with $3.83 billion ($1.92 per share – diluted) in the 2009 third quarter. Results in the 2009 period included gains of approximately $400 million ($0.20 per share) from upstream asset sales and discrete tax items. Foreign [...]

UK: Commissioning Cargo Arrives Today for £310 Million Expansion of National Grid*s Grain LNG Terminal

UK: Commissioning Cargo Arrives Today for £310 Million Expansion of National Grid*s Grain LNG Terminal

The first liquefied natural gas (LNG) cargo will be delivered today to the new jetty at National Grid’s Isle of Grain LNG importation terminal. This begins the final stage of commissioning the £310 million Phase 3 expansion, on time and to budget, of the UK’s leading LNG terminal. It marks another major milestone for Grain [...]

Liquefied Natural Gas Limited: September 2010 Quarterly Report (Australia)

Liquefied Natural Gas Limited: September 2010 Quarterly Report (Australia)

Liquefied Natural Gas Limited today announced activities report for the quarter ended September 30, 2010. Highlights • Gladstone “Fisherman’s Landing” LNG Project (Fisherman’s Landing LNG Project) – the Company continues to advance meaningful discussions with potential gas suppliers for its wholly owned Fisherman’s Landing LNG Project. It is pleasing to note that momentum has returned [...]

Chubu Electric and BG Group Sign HOA for LNG Sale and Purchase (Japan)

Chubu Electric and BG Group Sign HOA for LNG Sale and Purchase (Japan)

Chubu Electric Power Co., Inc. (“Chubu Electric”) announced it had reached agreement for basic terms and conditions to purchase LNG with BG Group plc (“BG Group”). The agreement relates to Chubu Electric’s purchase of LNG supplied from BG Group’s global LNG portfolio. It is the first time that Chubu Electric has agreed to LNG portfolio [...]

Analysis Shows Australia Pacific LNG Exploration Wells have not had any Impact on Landholder Water Bores

Analysis Shows Australia Pacific LNG Exploration Wells have not had any Impact on Landholder Water Bores

Australia Pacific LNG has advised relevant landholders, the Queensland Government, Western Downs Regional Council and Maranoa Regional Council of the results of chemical analysis of samples taken from water bores on properties where exploration wells that have recently been hydraulically fracture stimulated in the Surat Basin, west of Miles. Sampling has been conducted at the [...]

Cargotec Delivers Breakthrough LNG-Powered Terminal Tractors (USA)

Cargotec Delivers Breakthrough LNG-Powered Terminal Tractors (USA)

Cargotec has delivered liquefied natural gas-powered (LNG) terminal tractors that fully meet California’s 2010 California Air Resources Board (CARB) standards for off-road vehicle emissions, while improving on the performance of equivalent diesel-powered units. Twelve Kalmar Ottawa 4×2 terminal tractors powered by LNG have been delivered to California Cartage Company, a Southern California leading import trucking [...]

Five Dual-Fuel MAN 51/60DF Engines Form Propulsion Plant for LNG Vessel *Castillo de Santisteban* (Denmark)

Five Dual-Fuel MAN 51/60DF Engines Form Propulsion Plant for LNG Vessel *Castillo de Santisteban* (Denmark)

STX Offshore & Shipbuilding, the South Korean shipbuilder, recently delivered the ‘Castillo de Santisteban’ to Empresa Naviera Elcano, the globally active Spanish shipping group. Five MAN dual-fuel 8L51/60DF engines will power the 300-metre long LNG carrier with each delivering 8,000 kW at 514 rpm. The newbuilding has been assigned by her charterer, Spanish energy company [...]

Woodside Increases Equity in Pluto Central Hub Exploration Permit (Australia)

Woodside Increases Equity in Pluto Central Hub Exploration Permit (Australia)

Woodside advises that it has entered into a Sale and Purchase Agreement to acquire a 50% participating interest in exploration permit WA-404-P, offshore Carnarvon Basin, Western Australia from Hess Exploration (Carnarvon) Pty Ltd. On completion Woodside’s participating interest in WA-404-P will become 100%. The WA-404-P permit contains the Martell, Noblige, Larsen and Larsen Deep gas [...]

EXMAR: Trading Update for Third Quarter 2010 (Belgium)

EXMAR: Trading Update for Third Quarter 2010 (Belgium)

The Executive Committee of EXMAR NV today gave its trading update for the third quarter of 2010. Key-figures are: LPG The operating result (EBIT) of the LPG fleet in the third quarter was USD 1.8 million (compared to USD 0.4 million for the third quarter of 2009), including 42 offhire days. Midsize – EXMAR’s fleet [...]

France: Strike Ends at Fos LNG Terminals

France: Strike Ends at Fos LNG Terminals

The industrial action that has halted LNG deliveries to the Tonkin and Cavaou terminals at Fos in France has ended, energy giant GDF Suez… (argusmedia) Source: argusmedia, October 29, 2010;


 

 


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