Clean Fuel
DNV GL Names Director for Europe and Southern Africa
DNV GL – Oil & Gas, the leading technical advisor to the global oil and gas industry, has appointed Liv Hovem as Director of its Europe and Southern Africa Division. DNV GL’s Europe and Southern Africa Division is a leading provider of risk management, technical advisory and technical assurance serv
MISC Revenue Down in 2013
MISC said its revenue for the quarter ended 31 December 2013 of RM2,141.9 million was 7.2% lower than the RM2,306.9 million revenue of the corresponding quarter. This was attributed to the lower value of progress claims from projects that are nearing completion in heavy engineering business and a sm
Eni CEO Presents 2014 – 2017 Strategic Plan
Paolo Scaroni, Eni CEO, presented the company’s 2014-2017 Strategic Plan to the financial community. In what is expected to remain a very difficult market context, Eni’s strategy is based on selective E&P growth, an accelerated restructuring of the mid-downstream businesses, value-creation from disp
Foster Wheeler Inks Definitive Deal With AMEC
Foster Wheeler said that it has entered into a definitive agreement with AMEC pursuant to which AMEC will make an offer to acquire all the issued and to be issued share capital of the company. Under the terms of the offer, AMEC will offer to exchange for each outstanding share of Foster Wheeler comm
Aker Earnings Down in Q4
Aker Solutions said its sales were NOK 11.4 billion in the fourth quarter of 2013, up from NOK 11.2 in the fourth quarter of 2012. Financial Highlights Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to NOK 1.06 billion in the quarter, compared with NOK 1.09 billion in
Eni of Italy Posts Solid 2013 Results
Eni of Italy announced the company’s results for the fourth quarter and the full year 2013. Financial highlights Adjusted operating profit: €3.52 billion (down 29%) for the quarter; €12.62 billion (down 34%) for the full year; Adjusted net profit: €1.30 billion for the quarter (down 14%); €4.43 bill
San Leon, Baker Hughes to Jointly Develop Siekierki Gas Field in Poland
San Leon Energy said that it has signed a letter of intent with Baker Hughes Poland to jointly begin to develop the Siekierki Gas Field in Poland, including Polish Concessions 206, 207 and 208. The companies plan to start gas production from four existing wells, namely Trzek-1, Trzek-2ZH and Trzek-3
Biogas Liquefaction Plant Supplied by Wartsila Officially Inaugurated
The biogas liquefaction plant delivered by Wärtsilä to the Norwegian Cambi AS, a specialist in biowaste treatment, is inaugurated on 12 February 2014. The plant, operated by Cambi AS on behalf of EGE (Waste-to-Energy Agency) and the City of Oslo, will produce biomethane from household food waste to
Total Net Income Drops
Total of France reported its fourth quarter and full year 2013 results. Commenting on the results, Chairman and CEO Christophe de Margerie said: “The Group reported 2013 adjusted net income of 14.3 billion dollars, a slight decrease from the previous year. Against a backdrop of growing demand, the u
Gazprom Moves Forward with South Stream
Alexey Miller, Chairman of the Gazprom Management Committee held a meeting dedicated to the South Stream and Southern Corridor projects. It was pointed out that the new route of Russian gas supply meant to increase the reliability of supply to European consumers and mitigate transit risks was being
STX Launches LNG Tanker SCF Mitre
STX Offshore & Shipbuilding has launched the second ice class LNG tanker, SCF Mitre, ordered by Russia’s Sovcomflot under a long-term agreement with Shell, the Russian Maritime Register of Shipping (RS) said in a statement. The first tanker, SCF Melampus, was launched on 5 November 2013. The deliver
Wayne to Deliver CNG Fuel Dispensers for 2014 Olympic Winter Games in Sochi
Wayne, a GE Business and a global innovator of fuel dispensers and forecourt technologies, announced it has been selected to supply compressed natural gas (CNG) fuel dispensers for the first fuel retail site at the 2014 Olympic Winter Games in Sochi, Russia. Wayne was selected to provide CNG dispens
Lithuania: LITGAS Approved as Designated Supplier of LNG Terminal
LITGAS , a unit of Klaipedos Nafta, was approved as a designated supplier which will have to ensure the efficient operation of an alternative gas supply source – the LNG terminal, Ministry of Energy of the Republic of Lithuania said in a statement. From the start of 2015, LITGAS will have to enter i
Belgium to Get LNG Cargo from Qatar
The Ejnan liquefied natural gas carrier, with a capacity of 145,000 cubic meters, is expected to arrive in Belgium’s Zeebrugge LNG terminal from Qatar on March 5, according to the Port of Zeebrugge website. The Zeebrugge LNG terminal, operated by Fluxys, serves as a gateway to supply LNG to Northwes