Search results “Sales purchase agreement lng”
Binding agreements signed for QCLNG stake sale and LNG supply
BG Group signs agreements with China National Offshore Oil Corporation to increase investment in the QCLNG project - 6 May 2013.
Views: 76 QGCInfo
LNG Hedging Case Study: Qatar-Pakistan SPA
Mini-Case Study from Capra Energy presenting the calculations and results for an example hedge of a cargo to be delivered under the pending LNG sale & purchase agreement (SPA) between Qatar and Pakistan.
Views: 2385 Capra Energy Group
PGNiG and Port Arthur LNG sign agreement
PGNiG and Port Arthur LNG sign agreement for the sales and purchase of LNG from the U.S.
Views: 3 PGNiG
Oommen Chandy signed an agreement on sales & purchase
KERALA CHIEF MINISTER OOMMEN CHANDY - OFFICIAL YOUTUBE CHANNEL Thiruvananthapuram 27-05-2013: Petronet LNG ltd (PLL) & HLL Life care Ltd (HLL) has signed a LNG sales and purchase agreement (LNG SPA) today for supply of 8 metric tons of LNG per day for a period of 5 years initially. Dr A K Balyan MD& CEO PLL and Shri Ayappan CMD HLL signed the LNG SPA in presence of Kerala Chiefminister OommenChandy, Minister Aryadan Muhammad, Chief Secretary and other dignitaries. The agreement is for PLL to supply LNG by road tankers with trade name 'Taral Gas' from its 5 MMTPA LNG terminal at Kochi to HLL plant at Trivandrum from Jan 2014. PLL currently operates a 10 MMTPA terminal at Dahej, Gujarat. PLL's second LNG terminal at Kochi is getting commissioned by July 2013 for supplies of re-gassifed LNG (RLNG) through pipelines. However supply of LNG in liquid form directly to customers is alternate modes that will help customers get LNG quicker with several other benefits. The LNG SPA signed is the first of its kind in Kerala the state in which the new LNG terminal of PLL is getting commissioned shortly. HLL is the first organisation in Kerala to avail of the benefits of LNG direct supplies and is the first direct customer of PLL in Kerala. This is a major initiative of PLL as it confirms PLL s foray into sale of LNG by road to customers in Kerala who are not presently on the pipeline route. With uncertainties and issues in pipelines, what assumes significance for the State of Kerala is that this mode establishes a faster and easier availability of LNG to areas not connected by pipelines immediately and is expected to pave way for more equitable distribution of gas in the State and beyond, quicker than expected
Views: 172 Oommen Chandy
Natural Gas: Take or Pay Contracts
Energy Law Class-- Created using PowToon -- Free sign up at http://www.powtoon.com/youtube/ -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
Views: 939 Matt Jones
Petronas MoU with S-Oilto Supply LNG For Production
Petronas LNG Limited PLL, a subsidiary of Petroliam Nasional Bhd has signed a sale and purchase agreement with S-Oil Corporation S-oil to supply Liquefied Natural Gas LNG for the later's new plant operations and as feedstock for its hydrogen production. In a statement, Petronas said under the agreement, PLL was committed to deliver up to 0.7 million tonnes per annum MTPA of LNG to S-Oil for 15 years, from 2018. Petronas LNG Marketing & Trading Vice-President, Ahmad Adly Alias said, the agreement was a testament to Petronas’ focus on building long term relationships with committed partners. And they look forward to creating additional value with S-Oil to ensure that they can deliver the most value-comprehensive solution. Backed by over 30 years of LNG experience, Petronas has been recognised as a reliable and flexible lng supplier, operating from its main supply base in Bintulu, Sarawak. It has also diversified the lng supply portfolio in recent years with the inclusion of Australia Gladstone lng and the world’s first floating LNG facility in offshore Sarawak. S-Oil is an oil refining company headquartered in Seoul, South Korea.
Views: 78 ntv7 news
Module 1 - Understanding & Negotiating International Sales Contracts
Training on understanding and negotiating International Sales Contracts including Purchase Agreements, Sales Agreements, and International Contract Law. Dan Gardner - Trade Facilitators, Inc. www.tradefacil.com
Views: 20244 Trade Facilitators
Take-or-pay contract
A take-or-pay contract is a rule structuring negotiations between companies and their suppliers. With this kind of contract, the company either takes the product from the supplier or pays the supplier a penalty. For any product the company takes, they agree to pay the supplier a certain price, say $50 a ton. Furthermore, up to an agreed-upon ceiling, the company has to pay the supplier even for products they do not take. This “penalty” price is lower, say $40 a ton. Take or pay contracts are common in the energy industry and, in particular, for gas sales. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 969 Audiopedia
What is FARMOUT AGREEMENT? What does FARMOUT AGREEMENT mean? FARMOUT AGREEMENT meaning - FARMOUT AGREEMENT definition - FARMOUT AGREEMENT explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. SUBSCRIBE to our Google Earth flights channel - https://www.youtube.com/channel/UC6UuCPh7GrXznZi0Hz2YQnQ In the oil and gas industry, a farmout agreement is an agreement entered into by the owner of one or more mineral leases, called the "farmor", and another company who wishes to obtain a percentage of ownership of that lease or leases in exchange for providing services, called the "farmee." The typical services described in farmout agreements is the drilling of one or more oil and/or gas wells. A farmout agreement differs from a conventional transaction between two oil and gas lessees, because the primary consideration is the rendering of services, rather than the simple exchange of money. Farmout agreements typically provide that the farmor will assign the defined quantum of interest in the lease(s) to the farmee upon the farmee finishing: (1) the drilling of an oil and/or gas well to the defined depth or formation, or (2) drilling of an oil and/or gas well and the obtaining of commercially viable production levels. Farmout Agreements are the second most commonly negotiated agreements in the oil and gas industry, behind the oil and gas lease. For the farmor, the reasons for entering into a farmout agreement include obtaining production, sharing risk, and obtaining geological information. Farmees often enter into farmout agreements, because they wish to obtain an acreage position, need to utilize underutilized personnel, need to share risks, or because they desire to obtain geological information. A farmout agreement differs from its sister agreement, the Purchase and Sale Agreement (PSA), in that the PSA addresses an exchange of money or debt for immediate transfer of assets, whereas the farmout agreement addresses an exchange of services for a transfer of assets, and that transfer is often delayed until a later date (such as when the 'earning barier' has been met).
Views: 231 The Audiopedia
LNG Price & "Take or Pay" Contracts
LNG වල මේ අවස්ථාවේ මිළ දමලා අවුරුදු 20 ක සැලැස්මක් හදන්නේ කොහොමද? ඒවාගේ ඉදිරි උච්චාවචනය බලලා නෙවෙයි pucsl එක බොරුවට හරි සැලැස්ම වෙනස් කළේ. LNG Take or Pay කොන්ත්‍රාත්තු නිසා අපි ඒවා ගත්තත් නැතත් ගෙවන්න වෙනවා. එතකොට අපේ ජල විදුලි බලාගාර පවා නවත්වා LNG බලාගාර දුවන්න වෙනවා.
Views: 33 CEBEU
Douglas Channel LNG LNG Terminal  Capacity, SPA Contracts, Const
Bharatbook.com announces a new report on "Douglas Channel LNG LNG Terminal- Capacity, SPA Contracts, Construction, Capex, Companies and Trade", The report provides complete information across the terminal value chain from source field to carriers to import/export facilities.
Views: 20 Energy3b
TH MOE's Speech at 1st Gas Ceremony:PTT & Qatargas
Ceremony of The First Cargo Delivery to Map Ta Phut LNG Receiving Terminal on 8th January, 2015 Under The Long Term LNG Sale and Purchase Agreement between PTT PLC and Qatar Liquified Co.,Ltd.
Share Sale Agreement
A share sale Agreement has allowed the state’s business arm, Kumul Petroleum Holdings Limited, to own the oil and gas interest and assets of Petromin PNG Holdings Limited. Managing Director, Wapu Sonk, says these assets have been transferred under the Kumul Consolidation Agenda and governing laws to create more investment and business opportunities. As of today, these assets will be managed by single entities only. visit us at http://www.emtv.com.pg/ for the latest news...
Views: 63 EMTV Online
Rules to house and lot rights
Free legal consultation from 1,360 satellite monitoring centers. There is more to mornings than your usual daily-paper-and-coffee habit. GMK showcases heightened and unmatched public services, sensible exchanges of stories and opinions, and trustworthy news reports. GOOD MORNING KUYA Aired August 1, 2014 at UNTV 37 For more info, visit http://www.untvweb.com/program/good-morning-kuya/
Views: 4198 UNTV News and Rescue
LNG biz is growing so is investment in LNG tankers
During ‘India's coastline- Engine and wheel of economic growth’ conference, Sanjay Gupta, SVP (Shipping), Petronet LNG talks about the growth of LNG business. Gupta also shares details about the investments made in ships by Petronet LNG. This is an excerpt from the first session of the conference.
Purchase And Sale Agreement Explained
We work closely with most NNPC authorized sellers that have genuine product for sell and we also know the lifespan of their licenses. We have them on CIF, TTO, TTT, FOB, etc. We promise to link you to a reliable seller with a reasonable discount. Always focus on getting a genuine dealer if you want to hit it big in the Nigerian Crude Oil and Gas Industry. The solution is dealing with only APPROVED NNPC exporter licensed by NNPC Crude Oil Marketing Department.
Views: 468 Default Name
Yemenis angered by LNG contract with France
A group of youth revolutionaries, lawyers and rights activist have rallied in the Yemeni capital Sana'a condemning the purchase of Yemeni Liquefied Natural Gas by France way below the international price market. The protesters slammed the French company, TOTAL for depriving Yemen of full and fair compensation for its L-N-G sales. Yemeni protesters called for an immediate end to the L-N-G contract between their country and TOTAL. For the past 19 years the French giant has been purchasing L-N-G for 3 dollars per million BTU. Reports say that's 11 dollars less than the average international market price of L-N-G sales. According to a deputy of Yemen's Ministry of Oil and Minerals, the state treasury receives 300 million dollars per year in L-N-G revenues; however, if gas was being sold at global prices, Yemen would have earned one billion dollars per year. According to Yemen's Oil Ministry, the controversial contract with France was inked in 1995 during the rule of former dictator Ali Abdullah Saleh. Based on the agreement Yemen agreed to sell gas to the European country for 20 years. What remains to be seen is what the post-Saleh government will do to make up the financial loss Yemen endured over the past years.
Views: 223 PressTV Videos
What is MATERIAL ADVERSE CHANGE? What does MATERIAL ADVERSE CHANGE mean? MATERIAL ADVERSE CHANGE meaning -MATERIAL ADVERSE CHANGE definition - MATERIAL ADVERSE CHANGE explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. A material adverse change (also called a MAC) - also formulated as an Material adverse event or Material adverse effect (either, a MAE) - contingency is a legal provision often found in mergers and acquisitions contracts and venture financing agreements that enables the acquirer (or funder) to refuse to complete the acquisition or merger or financing with the party being acquired (often termed, the "target") if the target suffers such a change. The rationale for such a clause is a means to protect the acquirer from major changes that make the target less attractive as a purchase. Large transactions often require a long period of time between actual agreement and the completion of the transaction (the "closing"). This time is used to obtain governmental or regulatory approvals (e.g., in the United States, Hart-Scott-Rodino Antitrust Improvements Act approval), to obtain shareholder or labor consents, and any other required third-party consents. During this period, the target continues to function pending the completion of the merger, and is subject to the normal risks of its business, the economy or acts beyond its control. Each merger agreement that contains such a clause has a different definition of what, in its particular context, constitutes a material adverse change. Often this is one of the few or some times, the only way that an acquiring party can refuse to complete a contemplated acquisition. When the acquiring party cites the occurrence of a material adverse change to refuse to complete a merger or acquisition, litigation may ensue. One notable occurrence is the planned acquisition of SLM Corporation (formerly known as Sallie Mae) by a group including Bank of America and JPMorgan Chase. In the United States, much of this litigation occurs in the Delaware Court of Chancery as many large American companies are organized under Delaware law. According to the precedents of that court, an acquirer seeking to avoid completion of a transaction based upon a MAC provision bears the burden of proving that a material adverse change as defined by the parties' agreement has in fact occurred. It is also used in “Gas Sale and Purchase Agreements” and “LNG Sale and Purchase Agreements” and usually the party suffering from the effects of Material Adverse Change can apply for contract price revision.
Views: 156 The Audiopedia
Series of Short Talks   Gas Sales Agreements
This is the first of a series of presentations that will cover all the key commercial agreements used by the oil and gas industry. This video covers Gas Sales Agreements. Contact us at: http://blackcatenergyservices.co.uk/
Views: 159 Tony Deighton
Oman’s Nama appoints consortium of advisors
Privatisation Drive Oman’s state-owned electricity holding firm Nama Holding said that the company has appointed a consortium of advisors jointly led by London Economics and Lazard Freres for privatising its five subsidiary power distribution and transmission firms. Oman LNG Pact Oman LNG and BP Singapore have signed a major sales and purchase agreement (SPA) for supplying liquefied natural gas (LNG) to the latter. TrakInvest Plans TrakInvest management team was recently in Muscat to meet investors, strategic partners, and regulators and evaluating the prospects of setting up operations in Oman. Coal Mining Jobs Nearly two-thirds of US coal producing states lost coal mining jobs in 2017, even as overall employment in the downtrodden sector grew modestly, according to preliminary government data obtained by Reuters. NAFTA Talks The North American Free Trade Agreement will probably be renegotiated successfully with only marginal changes, said a large majority of economists in a Reuters poll, despite the Trump administration's saber-rattling. Website: http://timesofoman.com Facebook: http://facebook.com/timesofoman Twitter: http://twitter.com/timesofoman
Views: 86 Times of Oman
Annual Africa Gas and LNG Summit with Soji Awogbade
(www.abndigital.com) The second Annual Africa Gas and LNG Summit is currently under way in Johannesburg. This year, it focuses on mastering the new dynamics of the market in Africa, as well as looking at trends and trade movements in relation to the global gas market. Soji Awogbade, a Managing Partner at Aelex in Nigeria, earlier spoke with Eleni Giokos about the industry's current status in west Africa.
Views: 399 CNBCAfrica
Oil & Gas Production Contracts by Anthony Jennings
JENNINGS STRIKES OIL HERE! An appreciation by Phillip Taylor MBE and Mrs Elizabeth Taylor of Richmond Green Chambers Looking for a legal text on oil and gas production contracts? One that is authoritative, detailed, international and precisely targeted to this particularly specialized area of law? You are? Well this is the book for you. Yes, Anthony Jennings and his team give some definitive and practical legal advice on oil and gas production contracts, applicable in all jurisdictions worldwide. Oil and Gas Production Contracts is not, we are sure you will note, to be confused with Oil and Gas Exploration Contracts; different specialist area -- different book. Actually, the first is a sequel to the second -- both by the same author -- and if you have client companies in the oil business, you will ultimately need both. Certainly, there can be great lengthy periods of lead time between oil or gas exploration (looking for it) and production (extracting it and marketing it once youve found it). But once your client company really has stuck oil, this book emerges with flags flying as an invaluable advisor and practical guide to all contractual matters pertaining to the production process. Author Anthony Jennings knows whereof he speaks. As head of a specialist team of contributors to this text, (from Denton Wilde Sapte, McGrigors, Norton Rose, CMS Cameron McKenna and Chevron) he is a former senior legal adviser at ChevronTexacoa member of the United Kingdom Energy Lawyers Groupand author and contributor to a number of books and publications on oil and gas, including Natural Gas Agreements. As he explains, this book completes the suite of agreements encountered in the upstream oil and gas industry. The different kinds of agreements that emerge at successive stages of oil production are dealt with, including: • The license or production sharing agreement that emanates from the client companys relationship with the host government •The agreements between the joint venture companies themselves •Agreements between those companies and their third party service providers, as well as their agreements with other joint ventures •Oil and gas sale and purchase contracts •And finally, agreements for acquiring or disposing of producing assets or license interests. The nature and the purpose and the terms of all these agreements are examined, including what they should provide for and how they should provide for it. Intended to be read as a coherent whole, the book can certainly be used subsequently as a reference tool. It does what the title on the cover indicates. It provides a detailed understanding of all the common production phase contracts in which each clause is systematically analyzed. Valuable insights are offered into the nature, purpose and consequences of each contract, together with a renewed awareness of the common pitfalls of each. While it is not within the scope of the book to go into individual detail about specific Government regulations and so forth -- except illustratively -- its focus on the common features of production contracts worldwide make it a valuable addition to the energy lawyers library virtually anywhere within todays global economy so Jennings certainly strikes oil here! ISBN: 978-1847037503 YouTube: http://www.youtube.com/watch?v=Bh882JzC5ks
Views: 3196 goodbyee007
Negotiating gas and LNG contracts – Top tips from Baker Botts
Gastech News had the pleasure to interview Jason Bennett, Partner, Deputy Department Chair, Global Projects Group at Baker Botts. We discussed how to negotiate successful gas and LNG contracts and what the main trends around flexibility in contracts are. Watch the video to find out his views. Sign up for news at: http://www.gastechnews.com/newsletter-signup/ Attend Gastech: http://www.gastechsingapore.com/
Views: 1165 GastechEvent
Only deeds of sale given to the land buyer
Free legal consultation from 1,360 satellite monitoring centers. There is more to mornings than your usual daily-paper-and-coffee habit. GMK showcases heightened and unmatched public services, sensible exchanges of stories and opinions, and trustworthy news reports. GOOD MORNING KUYA Aired January 16, 2015 at UNTV 37 For more info, visit http://www.untvweb.com/program/good-morning-kuya/
Views: 56984 UNTV News and Rescue
What is a purchase and sale agreement?
Jennifer Taylor, Ianniello, Anderson & Reilly P.C., http://www.iarlaw.com - (518) 371-8888. New York Residential Real Estate Law FAQs: http://thelaw.tv/518/Residential+Real+Estate+Law Disclaimer: http://thelaw.tv/518/a/d/
Views: 51 iarlawtv
MESC PUBLIC LECTURE :Designing & Constructing a Floating Production Storage & Outage  (FPSO)
Designing and Constructing a Floating Production Storage and Outage (FPSO) vessel for Petroleum Industry Mr. Vijay. Vijayaraghavan (Chevron Australia Pty Ltd.) Presenter: Vijay has over 36 years experience in oil and gas industry as materials and Corrosion specialist and Construction/Engineering Manager; At least twenty years of that as principal engineer /Technical authority for offshore material selection and corrosion engineering of onshore and offshore projects, deep water pipelines, and subsea facilities; and he also have worked over number of years on research study with number universities industrials advisor to combat sulphide stress corrosion cracking and chloride stress corrosion cracking. He has a BSc in Eng technology, Post Graduate Diploma in Production Engineering and a PhD in Engineering Management. Vijay first gained his Higher national Diploma in Marine engineering in 1974 and graduated as Technologist in Sri Lanka in 1978, before undertaking a Post Graduate diploma in Production and Materials Engineering at the University of North London (UK) in 1980. He also completed a Graduate Certificate in Corrosion Science and Microbiological corrosion from City of London Polytechnic and he is also a Charter Engineer in Corrosion Engineering and Engineering Technology. He is also a qualified Commercial Diver/Subsea Engineer with over two thousand diving hours under his belt. Within the past thirty five years Vijay has worked from the level of a graduate engineer to the status of Engineering Manager while providing materials, corrosion, coatings, insulation, PFP and integrity consultancy to number of Oil & Gas Operations worldwide. He has been technical lead for number of major projects such as:  LNG trains 3 to 10 of Qatar petroleum.  Sindian 4 subsea line refurbishment project in Western Australia.  Griffin 9 subsea pipeline project in Western Australia.  Brow LNG feed projects for Woodside offshore petroleum.  Inpex Icthys LNG project.  Chevron Gorgon LNG project To name a few He is a trained specialist on fitness for service assessment according to DNV 101 standards and API 579/ASME FFS-1:2007 and possess RBI development specialty to API 580/581 requirement. To his employers he also provides guidance for making integrity assessment of new ventures, repairs, replacement, re-rating and re-design decisions of on shore and offshore operations all over the world. Professional Affiliations: Committee Member of Australian Pipeline industry association (APIA). Committee Member of Research and Standards committee of Australian Pipeline industry association (APIA) . Committee Member of Australian standards association (AS 2885 ME 038.2 and ME038.5) . Committee Member of number of standards associations for National association of Corrosion Engineers (USA) . Abstract: This is a presentation on the topic of “Building an FPSO/FLNG (Floating production storage Vessel) to operate for a period of 40 year integrity with minimum interruption. This presentation is based on Inpex/Total FPSO for the Icthys LNG project for Western Australia. Located about 220 kilometres offshore Western Australia, Ichthys represents the largest discovery of hydrocarbon liquids in Australia in 60 years. The Ichthys LNG Project is currently in construction and is ranked among the most significant oil and gas projects in the world. The Ichthys LNG Project is effectively three mega-projects rolled into one, involving some of the largest offshore facilities in the industry, a state-of-the-art onshore processing facility and an 889 km pipeline uniting them for an operational life of at least 40 years. The project is underpinned by sales and purchase agreements that cover the total production volume of 8.4 Million metric tons a year (9.26 MM tons/yr) of LNG for 15 years with shipments scheduled to begin in 2017. Approximately 70% of the LNG will go to Japanese utilities; the remainder will go toTaiwanese markets. When operational, the project is expected to produce 8.4 MM metric tons of LNG and 1.6 MM metric tons (1.76 MM tons) of LPG per annum, along with approximately 100,000 b/d of condensate at peak. Production is scheduled for the end of 2016. The huge FPSO for this project is one of the largest and most sophisticated to be deployed worldwide & will be positioned about 3 km from the CPF (central processing platform) to treat and export the condensate. The 336 m by 59 m (1,102 ft by 193.5 ft) hull has now been launched from the dry dock at the Daewoo Shipbuilding and Marine Engineering shipyard in Okpo, South Korea. Designed with a storage capacity of nearly 1.2 MMbbl (million barrels), the FPSO will be a weather-vaning ship-shaped vessel that will be permanently moored on a non-dis-connectable turret. The turret is one of the most complex pieces of equipment used on the project.
Views: 1583 IESL_ Media
Cheniere Energy Offers 12% to 15% per Year as an Investment
What do I do? Full-time independent stock market analyst and researcher: https://sven-carlin-research-platform.teachable.com/p/stock-market-research-platform Check the comparative stock list table on my Stock market research platform under curriculum preview! I am also a book author: Modern Value Investing book: https://amzn.to/2lvfH3t More about me and some written reports at the Sven Carlin blog: https://svencarlin.com Stock market for modern value investors Facebook Group: https://www.facebook.com/groups/modernvalueinvesting/ I analyze what is the value that Seth Klarman sees in Cheniere Energy (NYSE: LNG) and come to the conclusion that it is a good long term natural gas investment. When all the natural gas trains will be commissioned, Cheniere will have a distribution of around $7 per share which is a great return.
Universal Bioenergy Signs Major Contract with Global Energy Group, Projects Sales of $100 Million
Global Energy Group Moves Forward to Expand and Capitalize on its Investment Irvine, CA, United States, via eTeligis Inc., 05/13/2014 - - Universal Bioenergy Inc. (OTC Pink: UBRG) (PINKSHEETS: UBRG), a publicly traded independent diversified energy company, that markets and distributes natural gas and petroleum, announced that it signed a major contract in a joint venture with Global Energy Group LLC to begin the physical and financial trading of natural gas, electricity, petroleum and related energy commodities. The transaction was approved by the Company's Board of Directors and reported to the SEC on Form 8-K. Universal Bioenergy is forecasting that an estimated $100 million in annual revenues could be generated through the joint venture from the financial trading from the energy contracts. The estimated profits from the joint venture are in the 2% to 20% range, or an estimated $2 to $20 million annually. Universal Bioenergy entered into an Acquisition, Marketing and Distribution Agreement with Global Energy Group LLC. The Agreement is for the parties to engage in a venture whereby GEG will use its energy order fulfillment platform to engage in the physical and financial trading of natural gas, electricity, petroleum and related energy commodities. Global Energy Group LLC, the company's major shareholder, with offices in the United States and the United Kingdom, is a holding company whose primary business is the acquisition of strategic business assets, companies and investment or joint ventures in both private and public companies. In April 2013, Global Energy Group acquired a major stake in the Company and is now planning to expand and capitalize on its investment. The joint venture partners have positioned themselves to purchase and sell energy commodities in North America, Europe and the global energy markets. The parties plan to utilize highly experienced energy traders to engage in the physical and financial trading of natural gas, electricity, petroleum, diesel fuel and jet fuel. The venture partners plan to purchase and trade energy contracts on the spot and long-term market, and trade financial futures and power contracts to generate higher revenues, margins and earnings through Global Energy Group's Energy Platform. Universal's Senior Vice President Solomon Ali says, "We feel very excited about this new joint venture with Global Energy Group. We are fully prepared to capitalize on this opportunity. This gives us the right direction, at the right time and should help drive us to greater revenues and profitability. The potential earnings for the venture is estimated at $2 to $20 million annually. Although we cannot guarantee an actual valuation, according to industry valuation standards using average P/E ratios from Standard & Poor's, at a multiple of 15 times earnings, a valuation of $30 to $300 million dollars is an estimate of the potential additional market value of the earnings to Universal. We feel this should be very beneficial to our shareholders." Universal Bioenergy is a high growth diversified energy company that is experiencing double-digit growth, and reported sales of over $60.22 million in its Annual Report for 2013. NDR Energy Group, a subsidiary of Universal Bioenergy, has purchase contracts for natural gas with 32 of the largest public utilities, electric power producers and local gas distribution companies that serve millions of commercial, industrial and residential customer in the United States. About Universal Bioenergy Inc. Founded in 2004, Universal Bioenergy Inc., is a publicly traded independent diversified energy company that produces and markets natural gas, petroleum, coal and propane. We market energy resources to the largest public utilities, electric power producers and local gas distribution companies in the U.S., that serve millions of commercial, industrial and residential customers. We are also engaged in the acquisition and development of existing or recently discovered oil and gas fields, leases and surface coal mines. For more information visit www.universalbioenergy.com For inquiries contact: Media Relations Solomon Ali 704-837-5705 SOURCE: Universal Bioenergy Inc.
Views: 4060 Eteligis.com
Texas enters market for LNG production and exports
The Houston-based Cheniere Energy celebrated the opening of its new Corpus Christi Liquefaction Facility with Gov. Greg Abbott and U.S. Secretary of Commerce Wilbur Ross present
Views: 123 kxan
LNG-Buy BC Program: Connecting BC businesses with LNG opportunities
The liquefied natural gas industry is creating a once-in-a-lifetime chance to enable strong economic growth and provide employment opportunities for local companies throughout British Columbia. As Small Business Month has wrapped up, it's important to note that the LNG-Buy BC program has at its core a firm belief that the entrepreneurial spirit, skills and innovative abilities of BC businesses will lead to a high level of success regardless of where they enter the LNG supply chain. Learn more: https://news.gov.bc.ca/ministries/jobs-tourism-and-skills-training
Views: 245 ProvinceofBC
Asian Markets Overview of March 24, 2010: BG (LON:BG) and CNOOC to Sign LNG Deal
(ABN Newswire) - Wall Street's rallies overnight provided a positive lead to Asian markets on Wednesday. Dow and S&P 500 Tuesday surged to 18-month highs led by blue-chip industrial stocks. Nasdaq was also buoyed by signs of improved semiconductor market. Asian markets closed mixed on Tuesday. Energy shares in the region rose after the price of crude oil rebounded above US$81 a barrel on the New York Mercantile Exchange. Japan's Nikkei 225 fell nearly 0.5 per cent due to stronger yen against euro. China's Shanghai Composite lost 0.7 per cent. But South Korea's Kospi gained 0.6 per cent. Hong Kong's Hang Seng Index advanced 0.3 per cent. Company News BG Group PLC (LON:BG) and China National Offshore Oil Corp.(CNOOC), parent of Cnooc Ltd (HKG:0883), plan to sign a sale-and-purchase agreement for liquefied natural gas from Australia Wednesday, said sources. The deal could be worth as much as A$80 billion. As part of the deal, the Chinese group will buy a 10% stake in one of the two LNG trains that BG plans to construct at the project. CNOOC will also take a 5% stake in certain BG coal seam gas fields. Toshiba Corp. (TYO:6502) said it will begin construction of an additional flash memory manufacturing facility at its plant in central Japan in July, after putting the plan on hold due to the global financial crisis. Toshiba said it saw demand begins to recover with the market penetration of smartphones and other new applications, and foreseeing further market expansion in the medium- and long-term. The company now recognizes that the time is right to construct a new fabrication facility. Yesterday Toshiba shares also strongly gained on the news that the company will jointly develop a next generation nuclear reactor with TerraPower, which is controlled by Microsoft Chairman Bill Gates. Bank of China Ltd. (HKG:3988) said the Chinese lender and Singapore's sovereign-wealth fund Temasek Holdings plan to set up a rural banking joint venture in China. The joint venture will provide loans to China's rural population. Bank of China Tuesday posted a bigger-than expected 26% rise in 2009 net profit due to a surge in loans amid China's stimulus-led economic rebound, but the bank is expected to slow down the pace of lending this year. A unit of Singapore based Keppel Corp (SIN:BN4) has won a 62 million euro contract to build a floating platform that will be used to erect a wind farm off the German coast. Keppel's Dutch unit will partner with the German unit of French energy company Areva (EPA:CEI) to build the Mobile Offshore Application Barge, with completion scheduled for the fourth quarter of 2011.
Views: 1384 ABN Newswire
OGEL 4 (2018) - Oil, Gas and Energy Law Journal
OGEL 4 (2018) - Free Excerpt available @ https://www.ogel.org/journal-browse-issues-toc.asp?key=77 Regulating #Power-to-#Gas in the #EnergyUnion by R.C. Fleming, Groningen Centre of Energy Law (GCEL) Corporate #Tax in #Oil & #Gas Production. Who Must Pay It in #EquatorialGuinea? by P.M. Lorenti Legislative and Regulatory Aspects of #Shale #Gas #Exploration and #Production in #SouthAfrica by N.A. Obeng-Darko, P. Crossley Contribution of #Law and Lawyers to #LNG Market Developments: Model Diversion Clause for LNG Sale and Purchase #Contracts by K. Talus A False Dichotomy Between #LNG and Natural #Gas? A Comment on Recent Practises at the World Trade Organization by M. Wüstenberg, K. Talus, R.D. Ripple The State of Play of the #EnergyCharterTreaty #ECT by N. Lavranos #Mergers and #Acquisition as a Tool for Marginal Field Development in #Nigeria by J. Okoro, P. Chukwuma Obutte Are Local Content Requirements in Developing #Petroleum Sectors Sustainable? Managing Expectations while Aligning Sustainable Principles with Regulatory Policy by B.C. Asiago, M. Kapesa Wasunna Managing Investor-State Disputes in #Upstream #Oil and #Gas Industry: IOCs' Perspective by A. Xenofontos Public Service Obligations (PSOs) in the Natural Gas Markets of #Ukraine and #Moldova: What Needs to be Changed to Enhance Market Liberalization and Compliance with Energy Community Acquis Communautaire? by M. Iakovenko Discriminatory Nature of the Proposed Changes to the #Gas Market Directive - Extension to External Pipelines or Only One of Them? by K. Talus #EuropeanCommission Crusade Against a #Pipeline: Act Three - Lex #NordStream 2 by K. Talus Still Growing: How America's #RenewableEnergy Industry is Surviving in the Trump Era by T.A. Rule Book Review: #StateAid and the #Energy Sector, ed. Leigh Hancher, Adrien de Hauteclocque and Francesco Maria Salerno (Hart, 2018) by H. Bjørnebye Free Excerpt available: https://www.ogel.org/journal-browse-issues-toc.asp?key=77
Insurance market contribution put at 1.63% of GDP
Oman's Insurance Market The audited financial statements for 2017 suggest the insurance sector contributed 1.63 per cent of gross domestic product (GDP). OTI Signs Pact Oman Trading International Limited (OTI), has signed a 10-year sales and purchase agreement with Petrobangla, a government-owned national oil company of Bangladesh — to supply liquefied natural gas (LNG) to Bangladesh. Shell Agreement Shell Gas & Power Developments (Shell) has signed a Memorandum of Understanding (MoU) with the Government of Oman to cover proposed energy development projects in Oman. Boulevard Tower Boulevard Tower, one of Oman’s upcoming premier real estate projects, has reported strong progress in construction with 75 per cent of structural works now complete. Customer Interface Screens Shell Oman has recently signed an agreement to expand its Customer Interface Screens (CIS) project across its network of service stations. Website: http://timesofoman.com Facebook: http://facebook.com/timesofoman Twitter: http://twitter.com/timesofoman
Views: 52 Times of Oman
Sri Lanka gives green light for Chinese LNG plant near Hambantota Port
Sri Lanka’s state-run investment body has approved a US$500 million liquefied natural gas plant by China Machinery Engineering near a Chinese-controlled port and industrial zone, the development strategies minister said on Friday. The state-run Board of Investment had approved investment projects worth US$1 billion in the first quarter, Malik Samarawickrama said, the largest of which was the LNG project in Hambantota, where China Merchants Port Holdings controls a Chinese-built port on a 99-year lease. The port, which is leased for US$1.12 billion, is near the main shipping route from Asia to Europe and likely to play a major role in China’s “Belt and Road Initiative”. Chinese control of Hambantota, as well as a plan to acquire about 6,000 hectares (15,000 acres) to develop an industrial zone nearby, has raised fears that it could also be used for Chinese naval vessels. Government and diplomatic sources have told Reuters that the United States, India and Japan had raised concerns that China might use the port as a naval base. The Sri Lankan government has said the agreement bans usage of the port for military purposes. Joe Felter, deputy assistant defence secretary for South and Southeast Asia, said some of Beijing’s activities in the South Pacific had not been “consistent” with what that strategy promoted. He named developments at the ports of Hambantota in Sri Lanka and Gwadar in Pakistan, as well as the China-Pakistan Economic Corridor, as “predatory economic activities”. “Into the South Pacific, we heard some other disturbing news on China’s predatory economic activities – they are also trying to gain a foothold in ways we don’t think are consistent with the interests of those individual states and countries,” Felter said. There are also rising concerns that China is intensifying the debt problems of Sri Lanka. The nation’s economy is struggling under debts owed to China with the rupee depreciating. Critics have said Sri Lanka could sink deeper into debt with China because of infrastructure projects that China funded under its belt and road programme. Source :- SCMP Background Music :- bensound.com Disclaimer- This channel is for defence related news worldwide . We try to give you true news related to each and every aspects of defence . It is either country, defence weapon, air Force, army ,navy, military or anything we will try to fully explain . The content specially news we upload are taken from various news channels and media houses . we never claim it is 100 % on our behalf but we try to deliver you exact without rumours . our news is specially related to india . As India is a growing country specially in defence under narendra modi BJP government . Channel Link: https://www.youtube.com/DefenceTube Facebook Link: https://www.facebook.com/defencetube Twitter Link : https://twitter.com/DefenceTube Check my all playlist : https://www.youtube.com/defencetube/playlist
Views: 779 Defence Tube
Fibonacci Queen: What is going on in LNG?
Even though I have a higher target, we use this work to help manage the trade! http://www.SimplerTrading.com Carolyn Boroden #fibonacci #LNG --------------------------------------------------- Simpler Trading: Options, Futures, Fibonacci, Forex, Stocks, and More. Learn best practices and strategies for trading by joining the Simpler Trading community. John F. Carter, a successful trader and entrepreneur, leads community members through live trades daily while explaining strategies, significant market opportunities, and indicators that work. Together, newbies and experienced traders alike share knowledge and experience, supporting each other in an active trading forum. --------------------------------------------------- Professional traders on staff at Simpler Trading: John F. Carter [Options, Founder and CEO of Simpler Trading] Henry Gambell [Options, Technical Analysis] Raghee Horner [Futures and Forex] Carolyn Boroden [Fibonacci Analysis] @Fibonacciqueen Bruce Marshall [Options] Neil Yeager [Futures] David Starr [Futures & Elliott Wave] Eric Purdy [Thinkscript & tools] Darrell Gum [Tech & tools] Jared Anderson [Cryptocurrencies] Tucker Stipe [Options] Dr. John Clayburg [Options & Stocks]
Views: 533 Simpler Trading
NLNG to take FID on Train-7 by December 2018 – MD
NLNG to take FID on Train-7 by December 2018 – MD Barring any changes, the Nigeria Liquefied Natural Gas Limited (NLNG) Thursday said it would take the Final Investment Decision (FID) on its new eight million tonnes per annum (MTPA) LNG Train-7 plant by December this year. It also said the sale and purchase agreements (SPAs) for the new volumes had been locked down with off-takers since 2007, but that its terms would need to be concretised before the FID is achieved. The Managing Director of NLNG, Mr. Tony Attah, said on the sidelines of the co... --------------------- DONT FORGET SUBSCRIBE FOR ME : https://www.youtube.com/channel/UCAcsBcJd8seojLO_4wot0-w?sub_confirmation=1
Views: 17 Eco News
Tellurian Founder: Chinese Tariffs | Mad Money | CNBC
Jim Cramer sits down with Tellurian founder Charif Souki to see what's ahead for the energy sector. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC » Watch more Mad Money here: http://bit.ly/WatchMadMoney » Read more about Tellurian here: https://cnb.cx/2MOKkA7 "Mad Money" takes viewers inside the mind of one of Wall Street's most respected and successful money managers. Jim Cramer is your personal guide through the confusing jungle of Wall Street investing, navigating through both opportunities and pitfalls with one goal in mind -- to try to help you make money. About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Get More Mad Money! Read the latest news: http://madmoney.cnbc.com Watch full episodes: http://bit.ly/MadMoneyEpisodes Follow Mad Money on Twitter: http://bit.ly/MadMoneyTwitter Like Mad Money on Facebook: http://bit.ly/LikeMadMoney Follow Cramer on Twitter: http://bit.ly/FollowCramer Connect with CNBC News Online! Visit CNBC.com: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC Tellurian Founder: Chinese Tariffs | Mad Money | CNBC
Views: 1396 CNBC Television
Nigeria's Gas Supply Purchase Agreement with John Ayodele
(www.abndigital.com) Electricity issues in Nigeria, fall under the spotlight once again, with the execution of a Gas Supply Purchase Agreement between Egbin generating Company and the NNPC. Its hoped that the agreement, will resolve power challenges. To discuss the agreement is John Ayodele, Executive Director of Operations of the Power Holding Company of Nigeria.
Views: 657 CNBCAfrica
Gazprom beats EU witch-hunt, legal dispute
Visit DRN SHOP. Buy a T-Shirt. Support The Duran: http://www.drnshop.com Subscribe to our channel: https://www.youtube.com/theduran Visit Us! http://theduran.com Like us on Facebook: https://www.facebook.com/thedurancom Follow us on Twitter: https://twitter.com/theduran_com ***** Alexander Mercouris in London (E1): Breaks down the Gazprom - EU legal dispute. In 2015, the European Union launched a legal attack on Russian gas giant, Gazprom, accusing the company of overcharging buyers in Eastern Europe and hindering global competition. Fast forward today, and the results of the EU's legal challenge to Gazprom's business activity in Europe has been resolved...and Gazprom won. Why did this happen? Simple. Europe needs natural gas, and Russia has that gas. No other alternative, at the moment, will rival Gazprom's price and reliability, and that includes Trump's pipe dream LNG tanker supply for Europe. More importantly, Europe's need for natural gas is growing, and this is good news for Gazprom and Russia. The Duran's Editor-in-Chief Alexander Mercouris revisits the EU's legal case against Gazprom, and the stunning, yet predictable, results handed out earlier this week (that no mainstream media is reporting), which once again shows that the Russians, and Gazprom, hold all the leverage against Brussels when it comes to energy supply.
Views: 634 The Duran
Will encash opportunity of low spot cargo prices: Petronet LNG
Will encash opportunity of low spot cargo prices: Petronet LNG
Views: 43 ET NOW
Petronet LNG: In negotiation with Gazprom for gas supply
Petronet LNG: In negotiation with Gazprom for gas supply
Views: 127 ET NOW
Business Electricity and Gas Market and Long Term Energy Contracts
Mark Johnson, a director at Torse Ltd, discusses the current energy market as of July 2012 and the benefits of organising your energy requirements well in advance of a renewal date. This includes the decision to sign long term contracts for business gas or business electricity.
We Still Have Over 200 Years Of Gas In Nigeria -- MD, NLNG Prt.1
For more information log on to http://www.channelstv.com
Views: 800 Channels Television
Gas sales deal fires up Inpex
A Japanese consortium has agreed to buy the remainder of projected LNG output from the proposed Inpex gas project in Darwin.
Using CRM for Sales Opportunity and Pipeline Management - Oil and Gas Industry
See how to use "CRM for Oil and Gas" solution powered by Microsoft Dynamics 365 to management your sales opportunities
Views: 57 lvpcrm
Comparing Utility Ownership to a Purchase Power Agreement
Jeff Paulson of JCP Law speaks at the IAMU Community Solar Workshop on September 30, 2014
Views: 78 IAMUVideo
Petronet LNG - Will set up LNG terminal in AP
Petronet LNG - Will set up LNG terminal in AP
Views: 71 ET NOW
FACT to get LNG from GAIL
FACT to get LNG from GAIL
Views: 211 MediaOne News

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