Clean Fuel
Dart Energy Completes UK Farm-Out with GDF Suez
Dart Energy said that it has completed the farm-out agreement relating to thirteen of its U.K. licences with GDF Suez E&P UK, following satisfaction of all conditions precedent. The company has received US$12m in cash consideration payable on completion. Planning is now well advanced for the first p
Awilco LNG Freight Income Down, Norway
Awilco LNG of Norway said its freight income for the third quarter was MUSD 9.2, compared to MUSD 9.6 in the previous quarter. Key financial figures: Outlook Awilco LNG has secured financing for its newbuildings and has fixed the WilForce for its maiden voyage, and is in the final stages of contract
LNG as Marine Fuel Key Focus of New Report by LR
The November 2013 edition of Lloyd’s Register’s Gas Technology Report is dedicated to LNG as a marine fuel. Highlights include: A look at developments in Canada – a shipowner, the regulator and a shipbuilder talk about gas fuelled shipping Progress made by the Maritime and Port Authority in Singapor
Finland: Wartsila Opens Propulsion Test Centre
Wärtsilä is inaugurating its new test facility for future propulsion products and technology. The Wärtsilä Propulsion Test Centre has been established and funded by Wärtsilä with strong support from VTT Technical Research Centre of Finland, who will provide the resources to operate the facility. The
Eni in Black Sea PSA with Ukraine
Eni signed a Production Sharing Agreement with the Ukrainian government, represented by the Minister of Energy Eduard Stavytsky, in the presence of the President of Ukraine Viktor Janukovič, for the exploration and development of an area located in Ukraine’s Black Sea. The offshore area offers signi
Golar LNG Partners Net Income at USD 35.4 Million
Golar LNG Partners reported net income of $35.4 million and operating income of $55.8 million for the third quarter of 2013, as compared to net income of $28.0 million and operating income of $44.4 million for the second quarter of 2013. Improved operating results for the third quarter of 2013 compa
Pira: Asian LNG Spot Price Premium Working Its Way Back to Europe
PIRA Energy Group believes that Asian LNG spot price premium is working its way back to Europe. In the U.S., colder year-on-year weather important in keeping storage draws in line with last year. Will Europe pull on its contracted LNG to balance weather-sensitive demand growth? Specifically, PIRA’s
Qatari LNG Bound for Belgium
The Zeebrugge liquefied natural gas import terminal in Belgium is expected to receive a cargo of LNG from Qatar onboard the 145,702 cbm Al Thakhira on December 10, port data shows. Fluxys of Belgium, the operator of the Zeebrugge LNG terminal, said that, in the first nine months of 2013, 28 carriers
ESPO Supports LNG Refuelling Points at Core TEN-T Ports
Transport Committee of the European Parliament voted the Fidanza report on the Commission proposal for a Directive on the Deployment of alternative fuels infrastructure. The European Sea Ports Organisation welcomes the outcome of the vote with regard to the deployment of a sufficient network of LNG
Aker Buys Shares in Aker Solutions, Norway
Aker said it has acquired 16,440,000 shares in Aker Solutions at a price of NOK 115 per share. The shares were acquired after close of markets yesterday through an accelerated book-building process managed by ABG Sundal Collier Norge ASA and Arctic Securities ASA. The company now holds directly 16,4
South Stream Project on Track for First Gas in 2015
The Gazprom Board of Directors approved the work being done by the company to implement the construction of the South Stream gas pipeline. It was noted that the construction process had undergone several milestones since the project moved to its investment stage in November 2012. On December 7, 2012
Eni, Novatek Ink Cooperation Agreement
Novatek’s CEO, Leonid Mikhelson, and Eni’s CEO, Paolo Scaroni, signed a Memorandum of Understanding which will pave the way for future co-operation between the two companies. The MoU, signed in the presence of the Russian President, Vladimir Putin, and Italy’s Prime Minister, Enrico Letta, confirms
European Parliament Transport Committee Adopts Alternative Fuels Infrastructure Proposal
The Transport Committee of the European Parliament adopted a proposal for a Directive by Carlo Fidanza MEP on the deployment of alternative fuels infrastructure across the EU. To break oil dependence and accelerate the decarbonisation of the transport system in the EU, alternative fuels infrastructu
Gazprom Considers New Small and Large Scale LNG Markets
Gazprom took note of the information considering the Company’s marketing policy in the international markets of small- and large-scale LNG supply as well as approved Gazprom’s updated LNG Production and Supply Strategy. It was pointed out that Gazprom was successfully developing the LNG sales and tr