Clean Fuel
Wood Group Names New Chairman
Wood Group announced the appointment of Ian Marchant as Chairman of the Board following the retirement of Allister Langlands at the end of the annual general meeting, scheduled for 14 May 2014. Ian has been a director of Wood Group since 2006 and has been senior independent non-executive director si
DONG Energy Chairman Steps Down
The Danish Parliament’s Finance Committee approved the final implementation of the investment agreement between the Danish State, DONG Energy, Goldman Sachs, Arbejdsmarkedets Tillægspension, PFA as well as existing minority stakeholders. ”I would like to welcome the new investors and am delighted th
Exmar: LNG Fleet Earns USD 26.9 Mln in 2013
Exmar of Belgium said on Thursday its LNG fleet earned USD 26.9 million in 2013 (compared to USD 30.3 million in 2012). The LNG market was one of the most active segments of the shipping industry in the early part of 2013. As new tonnage capacity was made available the rates have come gradually unde
Fluxys Wins “TSO of the Year” Award
Fluxys received the ‘TSO of the year’ award at the European Gas Conference in Vienna. This award celebrates the dedication, triumphs and excellence of TSOs pioneering innovation, inspiring others and achieving growth in the European gas market. Walter Peeraer, Managing Director of Fluxys, commented:
Fendercare Marine Provides Support Services for LNG STS Operations
Fendercare Marine said it has provided STS support services for the first open sea’s Liquefied Natural Gas (LNG) STS operations for two of the world’s leading Gas Majors. Fendercare Marine has carried out STS operations since 1995 and annually conduct almost 3,000 STS operations globally from over 4
Shell: 2013 LNG Sales Down 3 Percent (VIDEO)
Shell said on Thursday its equity LNG sales volumes of 19.64 million tonnes in 2013 were 3% lower than in 2012, mainly reflecting lower volumes from Nigeria LNG due to reduced feedgas supply. Excluding the impact of the challenging operating environment in Nigeria, equity LNG sales volumes were in l
ABS Releases Advisory for Navigating Northern Sea Route
ABS, a leading provider of global maritime classification services, today released its Navigating the Northern Sea Route Advisory to support shipowners and operators intending to transit the increasingly popular commercial shipping routes through the Arctic seas. The comprehensive Advisory, which wa
South Stream Transport Inks Pipe Supply Contracts
South Stream Transport has contracted three pipe mills to supply over 75,000 steel pipes for the first line of the South Stream Offshore Pipeline. Europipe from Germany will supply 50% of the pipes, OMK from Russia 35%, and Severstal’s Izhora Pipe Mill in Russia another 15%. The contracts, with a to
StocExpo Conference Unveiled
Over 20 leading authorities in the European tank terminal industry have been confirmed to speak at StocExpo, taking place on 18-20 March 2014 at Ahoy Rotterdam. The paid-for three day conference, designed to help operators adapt to the changing market and prepare for the year ahead, will span everyt
Liquiline Welcomes New Automation Manager
Liquiline, a designer and supplier of LNG receiving stations, said that Lars Lindland will join the Liquiline team from the 10th of February as the company’s new Automation Manager. Lars is 32 years of age and comes from Årdal where he got his technician degree and completed his apprenticeship in Hy
REN: Sines LNG Volumes Up in 2013
REN’s Sines LNG import terminal in Portugal processed 41 ships, conducted 6 ship loading operations and also achieved a new high for loading LNG tanker trucks – 3138 loads in 2013, the company said in a statement. The number of vessels processed by the Sines LNG terminal increased by 8% from 2012, e
Wartsila Order Intake Down 1 Pct, Finland
Wärtsilä said on Wednesday that its order intake has decreased 1% to EUR 4,872 million in 2013. Highlights of 2013: Net sales decreased 1% to EUR 4,654 million (4,725) Book-to-bill 1.05 (1.05) – Order book at the end of the period decreased 1% to EUR 4,426 million (4,492) Operating result before non
Wartsila Plans to Cut 1000 Jobs
Wärtsilä of Finland said it has started a process to realign its organisation to secure future profitability and competitiveness. The Group-wide efficiency programme is expected to lead to a reduction of approximately 1,000 employees globally, of which about 200 are planned to be in Finland. The red
Golar LNG Partners Declares Q4 Cash Distribution
Golar LNG Partners has declared a quarterly cash distribution with respect to the quarter ended December 31, 2013 of $0.5225 per unit. This cash distribution will be paid on February 14, 2014 to all unitholders of record as of the close of business on February 6, 2014. Press Release, January 29, 201