Hess Corp. said Tuesday it has encouraging drilling results from its Equus natural-gas project offshore Australia, strengthening its hand in… (morningstar) Source: morningstar, May 31, 2011;
Cyprus could become a key geopolitical and geo-strategic player in the Mediterranean Region, offering opportunities for new oil and gas supp… (famagusta gazette) Source: famagusta gazette, May 31, 2011;
Statoil and Sintef have signed a new framework agreement – one which likely to be the most comprehensive individual research agreement ever signed in Norway. With a potential value of NOK 1 billion, the agreement is valid for four years with an option for an additional two plus two years. “Sintef has both wide [...]
There are strong indications that shareholders of the Brass LNG project, located in Brass, Bayelsa State, will likely sign the Final Investm… (punchng) Source: punchng, May 31, 2011;
Gasol announced that it has negotiated a revised agreement with Sociedad Nacional de Gas, GE (SONAGAS), the national gas company of Equatorial Guinea, in respect of the associated gas from the Zafiro field (Zafiro gas). Under the terms of the amended agreement, the Zafiro gas will now be used by SONAGAS in a newly [...]
A high-powered committee headed by former finance secretary Ashok Chawla has opposed oil ministry”s plan to subsidise costlier imported LNG… Source: yahoo, May 31, 2011;
The Maersk Magellan LNG carrier, with a capacity of 165,500 cubic metres, is due to arrive in the UK’s South Hook terminal June 7, 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 metres [...]
Volvo Trucks is enhancing its focus on alternative fuels with the launch of the new Volvo FM MethaneDiesel. This truck is powered by up to 75 percent gas. Thanks to its fuel-efficient technology – which extends the vehicle’s operating range – it can considerably reduce CO2 emissions from heavy and long-distance transport operations. “The [...]
The NIGC’s Coordination and Supervision Manager reported of implementation of 50 plans on increasing gas production capacity and gas production stability at the domestic gas processing plants. Jamshidi Dana who is the Manager of Coordination and Supervision on gas production at the National Iranian Gas Company (NIGC) noted that 160 plans are currently underway [...]
Golar LNG today announced financial results for the first quarter of 2011. Highlights – Golar LNG reports consolidated net income of $16.3 million and consolidated operating income of $20.4 million for the first quarter of 2011 – Golar LNG announces a cash dividend of $0.25 cents per share Significant improvement in charter rates during [...]
