In conjunction with Origin’s full year results announced on August 23, 2012, Origin announced that, based on then prevailing market conditions, it expected underlying EBITDA to increase by around 10% and Underlying Profit to be in line with the 2012 financial year. Having reviewed actual performance for the first four months of the financial year [...]
The U.S. Energy Information Administration (EIA) said it expects that natural gas consumption will average 69.8 billion cubic feet per day (Bcf/d) in 2012, an increase of 3.1 Bcf/d (4.7 percent) from 2011. Large gains in electric power use in 2012 more than offset declines in residential and commercial use. Projected consumption of natural gas [...]
DW forecast that between 2013 and 2017 $91bn will be spent on floating production systems (FPS) – an increase of 100% over the preceding five-year period. In Douglas-Westwood’s new World Floating Production Market Forecast 2013-2017, a total of 121 floating production units are forecast – a 37% increase. This growth is driven by multiple factors, [...]
Nakilat-Keppel Offshore & Marine (N-KOM ) is on track to service over 30 LNG carriers this year, having completed the drydocking and repairs for 18 such vessels thus far, the company said in a statement. Recent deliveries made include OSG Shipmanagement’s 107,514dwt Tembek, “K”-Line LNG Shipping’s 122,079dwt Al Oraiq and Pronav Shipmanagement’s 121,504dwt Al Ruwais. [...]
For the first 6 months of 2012 E.ON expects its group EBITDA to be around EUR 6.7 billion (prior year: around EUR 4.3 billion) and its underlying net income to be around EUR 3.3 billion (prior year: around EUR 0.9 billion), the company said in a statement. The extraordinary increase results from the positive effect [...]
Croatia’s state-owned natural gas transmission system operator (TSO) Plinacro is on course to build the first phase of a potential 4-6 billion cubic metre (Gm³)/year LNG terminal by 2016, it confirmed on July, 04. The first phase will boast a 1-2Gm³ capacity and will be operational in 2016, or even 2015 if the project’s technical [...]
RasGas of Qatar expects to reap huge positive benefits from its participation in the just concluded 25th World Gas Conference, which was organised in the Malaysian capital of Kuala Lumpur from 4-8 June. RasGas, which currently supplies Liquefied Natural Gas to various customers in 16 countries across the globe, sees huge growth in demand for [...]
June 12, 2012 | Posted in
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Strong demand growth for liquefied natural gas (LNG) in Asia and the anticipated start-up of new import terminals in southeast Asia and the Indian subcontinent will drive the demand for LNG to new heights in the next phase of development, said RasGas Company Limited’s Managing Director, Hamad Rashid Al Mohannadi, at the 25thWorld Gas Conference [...]
June 6, 2012 | Posted in
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DNV has developed a simulation model using global shipping data and technology specific information to predict the deployment of emission reduction and energy efficiency technologies up to 2020. The results show that high fuel costs will result in a drive towards more energy efficient ships ahead of the EEDI regulatory timeframe. Fuel choices up to [...]
Cue Energy Resources announced that the Banambu Deep well is expected to commence drilling in mid-May, 2012. The well is located within the WA-389-P permit, Carnarvon Basin, offshore Western Australia. The well operator is Woodside as a result of a farm-out agreement announced on 13th July, 2010. Woodside is committed to carry Cue’s share of [...]
