• Natural Gas Daily
  • News Archive
Policy & Regulation

China's regulators approve clutch of overseas energy investments

The National Development and Reform Commission (NDRC), China's state economic planner, has approved seven overseas oil and natural gas investments made by the country's three state-owned majors

13 February 2012
LNG

Singapore’s LNG terminal set for 2013 launch

Singapore’s first LNG receiving terminal is 80% complete and on track to become fully operational in the second quarter of 2013, state-run developer Singapore LNG (SLNG) said on Monday.

13 February 2012
Supply & Demand

Canadian PM pitches energy sales to Chinese business

Canadian Prime Minister Stephen Harper made one of his strongest pitches yet to leading figures from China's business community at a business dinner in Guangzhou on Friday.

13 February 2012
Pipelines, Storage & Power

Pakistan bets on UCG for cheaper power generation

The immense potential of Pakistan’s Thar coal reserves have so far failed to come true, but speculation is now swirling that the country could generate as much as 100 megawatts of electricity from underground coal gasification (UCG) by 2015.

13 February 2012
Supply & Demand

Japan’s LNG imports spike in January

Japan’s 10 largest utilities imported 5.19 million tons of LNG in January 2012, according to figures released on Monday by the Federation of Electric Power Companies of Japan.

13 February 2012
Exploration & Production

Rising US output offsets Noble’s Mediterranean losses

Houston-based independent Noble Energy expects oil and liquids to assume a larger role in its production mix in 2012, but higher gas output in the United States will help to offset lost production volumes in the eastern Mediterranean.

10 February 2012
Exploration & Production

Husky joins flight from dry gas production

Canadian company Husky has said it will use North American gas production to help fuel its oil operations as it shifts capital away from North American gas because of low prices.

10 February 2012
Companies & Finance

JAPEX profit down on rising LNG prices

Japan Petroleum Exploration Co. (Japex) reported a 3.5% decrease in gross profit on the back of soaring LNG prices and rising costs related to meeting peak winter gas demand in Japan, the company reported on Friday.

10 February 2012
Exploration & Production

Isolated Iran talks up Gulf gas deals

As the US and EU tighten sanctions against Iran, Tehran looks to strengthen relations with its Gulf neighbours through the development of shared gas fields.

10 February 2012
LNG

Govt says Gazprom should get licence to western part of Shtokman

The Russian government has ordered, in a resolution signed by Prime Minister Vladimir Putin, that Gazprom receive a licence for exploration and extraction of resources from the western part of the Shtokman Gas Field in the central part of the Barents Sea.

10 February 2012
Exploration & Production

China slashed spending on overseas oil and gas assets in 2011

China dialled down spending on overseas oil and gas assets in 2011, with acquisitions down by one-third from a year earlier to $19.25 billion, China National Petroleum Corp. (CNPC) said in its 2011 Global Oil and Gas Industry Development Report issued on Thursday.

10 February 2012
Supply & Demand

Gazprom expects to increase exports in 2012

Gazprom plans to supply Europe with 154 billion cubic metres of gas this year at an average cost of $415 per thousand cubic metres (Mcm), according to an investor day conference presentation seen by Interfax on Friday.

10 February 2012
Companies & Finance

Total posts 6% rise in net income on higher oil, gas prices

French oil major Total posted a 6% rise in net income in the fourth quarter of 2011 compared to the same period in 2010, highlighting the favourable environment for upstream activities, in particular high oil and gas prices, Chief Executive Christophe de Margerie said on Friday.

10 February 2012
Exploration & Production

San Leon strikes gas in second Polish well

San Leon Energy has found gas in its second shale gas exploration well in the Baltic Basin in Poland, increasing confidence in the future of Eastern European shale gas despite recent setbacks.

10 February 2012
Exploration & Production

SK Innovation to bid in Iraq’s fourth fourth licencing round

South Korea’s SK Innovation will be allowed to participate in Iraq’s fourth licensing round after selling its stake in the Basian oilfield in the Kurdistan Region of Iraq (KRI).

10 February 2012
LNG

Kogas to import additional 2 mtpa from Qatar

Qatar's RasGas has agreed to sell South Korea's Korea Gas Corp (Kogas) an additional 2 million tons per annum of LNG over the next 20 years starting in 2013. RasGas will also supply incremental medium term volumes to Kogas from 2012 to 2016.

10 February 2012
Companies & Finance

Petrobras announces succession plan, lower earnings

Brazilian state-controlled company Petrobras has said that its head of gas and energy, Maria das Graças Silva Foster, will become its new chief executive from 13 February, taking over from José Sergio Gabrielli. It also said on Friday that its earnings were 33.313 billion Brazilian reals ($19.3 billion) in 2011, down by 5% on 2010.

10 February 2012
Pipelines, Storage & Power

Lithuania, Poland set to begin laying gas pipeline in 2016

Polish gas-distribution company Gaz-System and Lithuania's Lietuvos dujos could begin building a gas pipeline that will link the two countries in 2016, the director of the Gaz-System Development and Investment Department Rafal Wittmann said at a press conference in Vilnius on Friday.

10 February 2012
Companies & Finance

Unconventional outlook uncertain outside US

The outlook for global unconventional gas development outside of the United States “remains uncertain,” despite growing interest in key markets such as China and Europe, the International Energy Agency’s Chief Economist Fatih Birol told Interfax

10 February 2012
Pipelines, Storage & Power

Zhongwu pipeline transmits 10 bcm to Hunan and Hubei

China National Petroleum Corp.'s (CNPC) Zhongwu Natural Gas Pipeline supplied approximately 10 billion cubic metres of gas to the central Chinese provinces of Hunan and Hubei since entering operations in 2004, CNPC announced on Friday.

10 February 2012

Viewing 29,101-29,120 of 32,132 articles