Clean Fuel
Gasol Gets USD 76 Mln Debt Facility from Deutsche Bank
Gasol announced that the company has entered into a US$76 million debt facility with Deutsche Bank to partly fund its proposed acquisition of 100% of the issued share capital of Energie de Côte d’Ivoire S.A. (Enerci) from GDF SUEZ E&P International. The acquisition was announced by Gasol on 20 Decem
Amec to Buy Foster Wheeler for USD 3.2 Billion
Amec of UK said on Monday it has provisionally agreed to take over LNG engineering company Foster Wheeler for $3.2 billion in cash and stock. “Foster Wheeler and AMEC have negotiated non-binding terms of a business combination pursuant to which AMEC would acquire each outstanding share of Foster Whe
Total Buys Stake in Two UK Shale Gas Licences
Total announced that it has acquired a 40% interest in two shale gas exploration licences in the United Kingdom. The interests are in Petroleum Exploration & Development Licences 139 and 140 in the Gainsborough Trough area of the East Midlands region of the UK which cover an area of 240 km2. Comment
Russia: Novatek Gas Production Up
Novatek, operator of the Yamal LNG project, said its gross production totaled 16.42 billion cubic meters (bcm) of natural gas, up 7.3% compared to the same period last year. The company’s full year 2013 gross production aggregated 62.22 bcm of natural gas and 4,774 thousand tons of liquids, resultin
Kotug Tows LNG Wilpride into Port of Rotterdam
The LNG tanker “Wilpride” was guided on January 3 by highly trained pilots and Tugs of KOTUG into the Port of Rotterdam. The LNG tanker could deliver, with assistance of 4 Tugs, safely its LNG cargo to the GATE terminal in the Nijlhaven. The pipes that carry the LNG to the tanks are permanently cool
Gassco Reports Decline in Gas Deliveries
A total of 102.5 billion standard cubic metres of gas was transported from the Norwegian continental shelf within Gassco’s operatorship during 2013. Carried to receiving terminals in Germany, Belgium, France and the UK, this volume represented a decline of 4.9 billion scm from the year before. “Norw
DNV GL Names New CEO for Oil & Gas Business
Elisabeth Tørstad is appointed CEO in DNV GL – Oil & Gas. She took on the role from January 2014, operating from the company’s Oil & Gas headquarter in Oslo. “I am very pleased to announce that Elisabeth Tørstad has accepted this role. Her background, career and experience match very well with the o
EU Funds LNG Infrastructure Studies in Spain and France
The European Union will support with just over €1 million from the TEN-T Programme a series of studies to analyse the potential introduction of liquefied natural gas (LNG) infrastructure in Spain and France. The studies, selected for funding under the 2012 TEN-T Multi-Annual Call, aim at determining
PSA to Investigate Gas Leak at Hammerfest LNG
The Petroleum Safety Authority (PSA) said it will conduct an investigation into two escapes of hydrocarbons at the Hammerfest LNG plant on Melkøya in northern Norway during 5-6 January 2014. A gas leak at the Statoil-operated gas liquefaction facility outside Hammerfest was discovered on the evening
Statoil Scraps Kristin Gas Export Project
The Kristin gas export project (KGEP) partners made a decision to terminate the project due to unsustainable economics caused by increased investment costs and increased risk to volume availability. The Kristin gas export project (KGEP) – a pipeline connection between the Kristin field and Polarled
Wartsila and Rolls-Royce End Merger Talks
Finland’s Wartsila, whose engines power more than 100 LNG tankers, said it is no longer in merger discussions with Rolls-Royce. “We confirm the approach by Rolls-Royce with a preliminary proposal for a possible offer for the company. In case the company receives such proposals, the Wärtsilä Board ha
Statoil Resumes Production at Hammerfest LNG
Statoil of Norway said that production from the Hammerfest LNG plant has been resumed after a gas leak Sunday night. “We started run-up of the Hammerfest LNG plant Tuesday night, and the plant has now reached stable operation. All necessary repairs on the plant have been completed to ensure a safe a
DW Expects Increased Investments in FLNG Market
The FLNG market is poised for increased investment and activity from 2014 to 2020, with Douglas-Westwood (DW) forecasting total expenditure of $64.4 billion in its new market report. Two-thirds of this spend is attributed to liquefaction infrastructure, with the remainder from import and regasificat
LNG Carrier Due at Zeebrugge Jan 23
The GasLog Chelsea LNG tanker, with a capacity of 153,600 cubic meters, is expected to arrive at Belgium’s Zeebrugge LNG terminal from Qatar on January 23, according to the Port of Zeebrugge website. The Zeebrugge LNG terminal, operated by Fluxys, serves as a gateway to supply LNG to Northwestern Eu