Clean Fuel
Top News of The Week November 4-9, 2013
Gas Natural Fenosa Buys Long-Term LNG from Yamal (Russia) JSC Yamal LNG and GAS NATURAL FENOSA announced the conclusion of a long-term contract for the supply of 2.5 million tons of liquefied natural gas (LNG) per annum, which is equivalent to 3.2 billion cubic meters of natural gas. Foster Wheeler
Yuriy Boyko: Ukraine in Talks to Expand Alternative Gas Supply Routes from Europe
Ukraine has talks to expand alternative supply routes from Europe. This was announced by Vice Prime Minister of Ukraine Yuriy Boyko at a briefing in the building of the Cabinet of Ministers of Ukraine. “We consider that all alternatives that may be involved, we will sooner or later use,” Yuriy Boyko
Hoegh LNG Announces New Business Segments from Third Quarter 2013 (Norway)
Höegh LNG’s financial reporting segment structure will be changed with effect from the third quarter 2013 to reflect the group’s new organisation and management responsibilities. The new structure is in accordance with the group’s internal financial reporting, and divided into the following four seg
Switzerland: Foster Wheeler 3Q Net Income Down
Foster Wheeler AG today reported income from continuing operations for the third quarter of 2013 of $48.9 million, or $0.50 per diluted share, compared with $58.7 million, or $0.55 per diluted share, in the third quarter of 2012. Income from continuing operations in both quarterly periods was impact
Eni CEO Meets Prime Minister of Greece
The Prime Minister of Greece, Antonis Samaras, and the Chief Executive Officer of Eni, Paolo Scaroni, met today in Athens to talk about possible cooperation initiatives in the energy sector between Eni and the Hellenic Republic. Greece is a key European market for Eni. In the country Eni holds 49% s
Ukrainian PM Stresses Importance of Adriatic Gas Corridor
A memorandum on creation of the Adriatic gas corridor, which is to join Ukraine, Hungary and Croatia, should be signed as soon as possible, said the Prime Minister Mykola Azarov. This was stressed during his meeting with the Deputy Prime Minister, Minister of Public Administration and Justice of Hun
Jean-Philippe Laures Leaves SBM Offshore (The Netherlands)
SBM Offshore confirms that Bruno Chabas, CEO, has temporarily taken over the role of COO following the dismissal of Jean-Philippe Laures, COO. Although no further comments can be made at this time regarding the circumstances leading up to his dismissal, the company can reassure the market it is not
Cyprus Inks LNG Project MoU with Total
The Republic of Cyprus signed a Memorandum of Understanding in respect of the Cyprus Liquefied Natural Gas Project with Total E&P Cyprus B.V. This follows the award in February to Total of Exploration and Production Sharing Contracts for Blocks 10 and 11 of the Exclusive Economic Zone of the Republi
Spain: Repsol Q3 LNG Income Down
Repsol of Spain said that the company’s adjusted operating income in its LNG business amounted to 129 M€ in the third quarter of this year, 32% lower than the same quarter in 2012. Lower margins due to the incremental number cargos sold to Manzanillo, and lower commercialization volumes, have been p
Norwegian LNG on Way to Spain
Portugal’s Port of Sines will receive a shipment of liquefied natural gas from Norway next week, according to the Port of Sines website. The 140,000 m3 Arctic Discoverer is expected to arrive at the Sines terminal on November 11. The terminal is held by REN Atlântico and has a nominal send out capac
Nord Stream Starts Final Load Tests
Nord Stream AG is currently conducting a load test on both lines of the fully-integrated gas transportation system. The industry-standard load tests serve to confirm reliability of the pipelines. The completion of the NEL-Pipeline in early November allows for a test phase involving the connected gas
Polskie LNG Makes Changes to Its Management Board
The Supervisory Board of Polskie LNG on Monday released Rafał Wardziński from the function of the President of the Management Board and entrusted him with the duties of the Vice-President of the Management Board, according to a statement. At the same time, the Supervisory Board delegated its previou
Vermilion Energy Buys Share in Germany Gas Fields
Vermilion Energy announced that it has entered into a definitive purchase and sale agreement with GDF SUEZ E&P Deutschland, whereby Vermilion, through its wholly-owned subsidiary, will acquire GDF SUEZ’s 25% interest in four producing natural gas fields and a surrounding exploration license located
Novatek Sees Revenue Rise, Russia
Russia’s Novatek, operator of the Yamal LNG project, said its total revenues in the third quarter and nine months 2013 increased by 44.1% and 41.4%, respectively, as compared to the corresponding periods of 2012, largely due to an increase in sales volumes and average sales prices of natural gas and