Clean Fuel
PIRA: Seasonal Demand Losses and More Contract Flows Depress Spot Prices
PIRA Energy Group reports that seasonal demand losses and more contract flows depress spot prices. In the U.S., colossal storage deficits will make rebuilding storage far more difficult than any other time in the last decade. In Europe, competitiveness of gas in power sector is still limited. Season
Turkey Wants Norwegian LNG
Turkey’s Energy Minister Taner Yildiz said on Tuesday that the country has asked Norway to provide up to 6 billion cubic metres of liquefied natural gas per annum under a long-term contract. He said during a visit to Oslo that the request for LNG was made to Norway’s Oil Minister Tord Lien and is pa
UK: LNG Carrier Due at South Hook Next Week
UK’s South Hook liquefied natural gas terminal is expected to receive a cargo of LNG from Qatar, port data reveals. The Al Gattara liquefied natural gas tanker, with a capacity of 216,000 cubic metres, is due to arrive at the terminal on May 7. Qatar Petroleum owns 67.5 per cent of South Hook LNG Te
Peter Backhouse to Retire from BG
LNG player BG said that Peter Backhouse will retire from the company’s board at the conclusion of BG’s annual general meeting to be held on 15 May. BG Group’s Chairman, Andrew Gould said: “Peter’s experience in the offshore oil and gas industry, and his extensive commitment to the company, have prov
Norway Ships LNG Cargo to Spain
The latest LNG cargo to be loaded at Statoil’s Hammerfest terminal in Norway has been dispatched to Spain, according to shipping data. The 147,000 cbm Arctic Princess departed Hammerfest on April 26, and is expected to arrive at Las Palmas in Spain’s Canary Islands on May 5. Norway’s only LNG export
Gazprom, OMV to Construct Austrian Section of South Stream Pipeline
Alexey Miller of Gazprom and Gerhard Roiss, Chief Executive Officer of OMV, signed a memorandum of intent on Wednesday to implement the South Stream project in Austria. The memorandum reflects the intentions by Gazprom and OMV to construct the Austrian section of the South Stream gas pipeline with t
Rolls-Royce Confirms Siemens Talks
Rolls-Royce confirmed it is in negotiations with Siemens regarding the sale of its Energy gas turbine and compressor business. The company’s Energy gas turbine and compressor business supplies aero-derivative gas turbines, compressor systems and related services to customers in the oil and gas and p
Exmar Posts Q1 Results
Exmar of Belgium said its consolidated result for the first quarter of this year amounted to USD 14.2 million compared to USD 65.8 million for the first quarter 2013. As a reminder, the result for the first quarter 2013 included a capital gain (USD 52.8 million) realized on the sale of 50% of Exmar
Total Net Income Down
Total of France said its net income in the first quarter of this year dropped 10 percent compared to the same period before. “The Group reported adjusted net income of S3.3 billion for the first quarter, solid results albeit slightly lower than last year. The impact of sharply lower European refinin
Construction of Gothenburg LNG Terminal Moves Forward
At the Port of Gothenburg, construction of the LNG terminal has moved into the next phase. The City of Gothenburg has approved the detailed plans and demolition activities has now commenced to make way for the terminal. A new company that will run the terminal has also been established. The aim is t
Shell Q1 LNG Sales at 6.09 Million Tonnes
Shell said on Wednesday its equity sales of LNG of 6.09 million tonnes for the first quarter 2014 were 18% higher than in the same quarter a year ago, including 0.95 million tonnes from the acquisition of Repsol’s LNG business. The company’s first quarter 2014 earnings, on the current cost of suppli
Gazprom, CNPC to Sign Gas Supply Deal in May
Alexey Miller, Chairman of the Gazprom’s Management Committee and Zhou Jiping, Chairman of China National Petroleum Corporation (CNPC) held a working meeting in Moscow on Tuesday where the addressed the state of the contract for pipeline gas supply from Russia to China via the eastern route. “It was
GTT Organizes Seminar on Membrane Full Integrity Systems
GTT organized its first Seminar on GST® Membrane Full Integrity Systems in its Head Office in Saint-Remy-les-Chevreuse, France. During three days, from 14th to 16th April 2014, more than 40 delegates from EPCs, oil & gas majors, classification societies and engineering companies have attended presen
Eni Opens First LNG Fuelling Station in Italy
Eni on Tuesday unveiled Italy’s first liquefied natural gas fuelling station for heavy duty vehicles, located in Piacenza. The Piacenza LNG fuelling station is the first in a series that Eni intends to open over the next four years along major Italian roads and is part of the company’s commitment to