DNV’s continued focus on safety and service quality and the ability to provide leading-edge technology advice and solutions contributed to the company’s strong market and financial performance in 2012. Revenues increased by 27% compared to 2011 and DNV strengthened its global position in all its key areas: maritime, oil & gas, energy & sustainability and [...]
The Gazprom Management Committee addressed operating results of the Company’s subsidiaries over the autumn/winter 2012–2013 period (from October to March) as well as the measures required for uninterrupted gas supply to consumers in the autumn/winter 2012–2013 period. The meeting highlighted that Gazprom Group had secured a sustainable gas supply to Russian consumers as well as [...]
Three phases of Iran’s South Pars gas field will come on stream in the current Iranian calendar year, which will boost the country’s natural gas production capacity by 150 million cubic meters per day, National Iranian Oil Company managing director Ahmad Qalehbani stated. The current Iranian year started on March 21. “The phases 12, 15, [...]
UOP LLC, a Honeywell company, announced a new, advanced membrane element designed to increase natural gas processing capacity, compared with existing technology, allowing producers to capture higher revenue and reduce costs. Honeywell’s UOP Separex Flux+ is a drop-in replacement for the membrane elements in existing Separex membrane systems. Separex Flux+ increases the removal of contaminants, such [...]
The Asia-Pacific gas turbine market will sustain its growth momentum as concerns on global warming and greenhouse gas emissions force utilities and independent power producers to opt for environmentally friendly power generation technologies. The availability of liquefied natural gas (LNG) supplied through both pipelines and shipment will increase gas turbine demand in the long term, [...]
Blue Energy announced maiden 2P gas reserves of 50 Petajoules (PJ) and a 140% increase in its 3P gas reserves to 180PJ in the Company’s 100%- owned Sapphire Block in the Bowen Basin, Queensland. The upgraded gas reserves follow an independent annual review of data associated with the Sapphire Block of ATP814P by Netherland, Sewell [...]
Gazprom and NOVATEK have extended the Memorandum of Cooperation signed this April until February 1, 2013. According to the document, Gazprom and NOVATEK address possible establishment of joint ventures to build up integrated capacities on liquefied natural gas (LNG) production on the Yamal Peninsula and joint development of the available resource base on the Gydan [...]
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Australia’s resources and energy commodity export earnings are forecast to be $184 billion in 2012–13, according to the Resources and Energy Quarterly—December quarter 2012, released by the Bureau of Resources and Energy Economics (BREE). “The forecast outlook for 2012–13 is for a substantial increase in the volume of exports for Australia’s bulk commodities (iron ore [...]
Fluxys’ General Meeting of Shareholders has decided on a capital increase of over €140 million. The capital increase will support the continuation of Fluxys’ development in Europe and allows the company to maintain a solid equity/debt ratio. In the process, the Belgian Federal Holding and Investment Company is to acquire a stake of approximately 2%. [...]
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 [...]
