Clean Fuel
Gazprom Reviews Development Strategy Over Long-Term Period (Russia)
The Gazprom Board of Directors took note of the information concerning the Company’s development strategy over a long-term period. The meeting highlighted that establishment of Gazprom as the leader among global energy companies was its main strategic goal. This goal is attained by diversifying prod
Norway: Statoil Posts Lower Third Quarter Profit
Statoil’s third quarter 2013 net operating income was NOK 39.3 billion, compared to NOK 40.9 billion in the third quarter of 2012. Adjusted earnings were NOK 40.4 billion, compared to NOK 40.0 billion in the third quarter of 2012. “Statoil delivered strong strategic progress in the third quarter. We
Russia: Gazprom Continues Examination of Shale Gas Market
The Gazprom Board of Directors took notice of the results of a survey on the shale gas sector development throughout the globe. It was mentioned that the core structural units of Gazprom Group continued investigating the progress with shale gas production. The meeting participants affirmed that at t
Novatek Launches Eastern Dome of North-Urengoyskoye Field (Russia)
NOVATEK announced the launch of the Eastern dome of the North-Urengoyskoye field developed by the Nortgas joint venture. Eighteen production wells have been completed at the Eastern dome, and its infrastructure includes a gas treatment facility with annual capacity of six billion cubic meters, gas g
Eni Q3 Profit Drops (Italy)
Eni announced its results for the third quarter and nine months 2013. Financial highlights Adjusted operating profit: €3.44 billion for the quarter (down 15.7%3); €9.1 billion for the nine months (down 35.2%3); Adjusted net profit: €1.17 billion for the quarter (down 29.4%3); €3.13 billion for the n
Belgium: Fluxys Secures EUR 500 Mln Club Deal
Fluxys has secured its short-term funding needs at group level by renewing its existing credit facility through an agreement with a club of 5 leading international banks for a 3-year, €500 million syndicated revolving credit line (club deal). This brings the group’s total undrawn credit facilities t
Portugal to Receive LNG Cargo
Portugal’s Port of Sines will get a shipment of liquefied natural gas on November 2, port data shows. The LNG Lagos, with a capacity of 122,000 cubic metres, is sailing from the Bonny terminal in Nigeria. The Sines terminal is held by REN Atlântico and has a nominal send out capacity of 600,000 cubi
Russia: Novatek Increases Purovsky Plant Capacity
NOVATEK announced that first two gas condensate stabilization trains with three million tons per annum overall capacity were launched as part of a project for expanding capacity of the Purovsky plant from five to 11 million tons. Construction works are currently being finalized at the remaining two
Fassmer to Build German LNG Ferry
Fassmer of Germany said it has won a contract to design and build the new dual-fuelled Heligoland ferry for Cassen Eils – the first new building under the German flag equipped with LNG propulsion. The nearly 80-meter-long ship builds on proven features of Helgoland vessels operated by Cassen Eils Gm
Kongsberg Wins Contracts from Asian Shipyards for Four LNG Vessels
Samsung Heavy Industries (SHI) and Hyundai Heavy Industries (HHI) in Korea and Cosco Shipyard in China has selected KONGSBERG’s “Full Picture” solution with extensive Dynamic Positioning (DP), Automation, Navigation , Hydroacoustic positioning and riser management solutions from KONGSBERG for a tota
VIDEO: Wartsila Powers LNG Fueled Viking Grace (Finland)
Among the large passenger vessels built to date, m/s Viking Grace is the most environmentally sound and most energy efficient. The Viking Grace entered service in 2013 and operates between Turku and Stockholm in the Baltic Sea. https://www.youtube.com/watch?v=9ga5JUGL-AU Wärtsilä has provided a mult
UK: BP Posts Q3 Results
BP announced its financial results for the third quarter of 2013. Underlying replacement cost profit for the period was $3.7 billion, compared to $2.7 billion for the previous quarter. Operating cash flow in the quarter was $6.3 billion. Consistent with its commitment to maintaining a progressive an
Qatari LNG Bound for UK
UK’s South Hook LNG terminal is expected to receive a cargo of LNG next week from Qatar, according to the Milford Haven Port Authority website. The Al Mayeda LNG tanker, with a capacity of 266,oo0 cbm, is due to arrive at the South Hook terminal on November 4. Qatar Petroleum owns 67.5 per cent of S
Exmar: LNG Fleet Earns USD 7.8 Mln in Q3 (Belgium)
Exmar said its LNG fleet earned USD 7.8 million in the third quarter (compared to USD 8.4 million for the same period in 2012). The current EXMAR fleet (LNG/c’s and LNGRV’s) was in full operation on time charter during the third quarter apart from the off hire due to the drydocking of EXCEL (12 days