Clean Fuel
UK: Gasol Draws Down USD 30 Mln for LNG Projects
Gasol plc announced that it has executed a multi-tranche, Euro Medium Term Note instrument. The Note has an interest rate of 9 per cent per annum and a maturity of just over 4 years in December 2017. Interest is payable twice yearly. The Board announced that the first US$30 million tranche of the No
Russia: Gazprom Proposing to Hold 28th World Gas Conference
Alexander Medvedev of Gazprom proposed holding the 28th World Gas Conference and World Gas Exhibition in 2021 in St. Petersburg. Medvedev said this at the International Gas Union (IGU) Council meeting in Beijing. The meeting took place within the IGU Autumn Session which was attended by a delegation
Belgium to Get LNG Cargo from Qatar
Belgium’s Zeebrugge liquefied natural gas terminal is expected to receive a cargo of LNG from Qatar onboard the 145,602 cbm Milaha Qatar on November 18, according to shipping data. The Zeebrugge liquefied natural gas terminal is situated on a 30ha site in the outer port of Zeebrugge. It has an annua
Top News of The Week October 21-27, 2013
VIDEO: Shell Prelude FLNG Takes Giant Step Forward LNG player Shell posted a video update of world’s first floating liquefied natural gas facility being built in Geoje, South Korea. Honeywell to Provide ICSS Solution for Exmar FLRSU Offshore Colombia Honeywell said that it will provide an Integrated
Golar LNG Partners Declares Cash Distribution
Golar LNG Partners announced that its board of directors has declared a quarterly cash distribution with respect to the quarter ended September 30, 2013 of $0.5225 per unit. This constitutes a 1.5% increase from the $0.515 distribution declared in respect of the second quarter of 2013 and is support
UK: First Gas from Rochelle Field
CNOOC Limited announced that the first production from the Rochelle gas-condensate field in the UK North Sea has commenced. At Rochelle field, Nexen Petroleum U.K., a wholly-owned subsidiary of the company, acts as the field operator. The Rochelle field in Blocks 15/26b, 15/26c and 15/27 lies approx
Qatari LNG Bound for UK
The Zarga LNG tanker, with a capacity of 266,000 cubic metres, is due to arrive in the UK’s South Hook terminal from Qatar on October 31, according to port data. The South Hook terminal can process 15.6 million tonnes of LNG a year and is capable of delivering 21 billion cubic metres of gas a [&hell
Russia: Gazprom to Continue Developing Corrosion Protection System
Gazprom hosted an industry-specific meeting including heads of the Company’s subdivisions focused on corrosion protection. Taking part in the meeting were over 150 heads and experts from Gazprom’s relevant subdivisions and subsidiaries as well as research and contracting companies. The meeting paid
Spain: UFG Clients Visit Sagunto LNG Plant
A delegation of Unión Fenosa Gas clients today visited the Saggas regasification plant in Sagunto. During the visit, the delegation was hosted by Director General, Santiago Alvarez. The visitors got to know details of the operation of the regasification plant and the development company Saggas, of w
Eletson and Blackstone Form LPG JV
Eletson announced the formation of a joint venture with funds managed by Blackstone Tactical Opportunities to create Eletson Gas, a $700 million liquefied petroleum gas shipping company. As part of the agreement, Eletson will contribute its existing fleet of five medium-size gas carriers, and Blacks
Navis to Cooperate with Aker Arctic on DP Systems for Ice-Class Vessels
Navis Engineering and Aker Arctic Technology have signed a scientific and technical co-operation agreement covering the joint development of technology for dynamic positioning (DP) systems for icebreakers and ice-class vessels. The agreement was signed in St Petersburg during NEVA 2013 at the end of
Inpex Wins Exploration Licence Offshore UK
INPEX announced that it was successful in the 27th Seaward Licensing Round in UK, and was granted an offshore Exploration Licence P2019 in the North Sea, jointly with Centrica Resources Limited, a subsidiary of Centrica plc, a UK-listed energy company and Statoil UK, a subsidiary of Statoil ASA, a N
NOVATEK Starts Urengoyskoye Field Production (Russia)
NOVATEK announced the initial launch of the Urengoyskoye field within the company’s Olimpiysky license block, with the field’s production capacity estimated at one billion cubic meters of natural gas per annum. Four production wells have been completed at the field, of which three wells are already
Wartsila Order Intake Down 14 Pct, Finland
Wärtsilä Corporation of Finland said its order intake decreased 14% to EUR 1,097 million in the third quarter of 2013. Third quarter highlights: Net sales increased 11% to EUR 1,209 million (1,087) Book-to-bill 0.91 (1.17) Operating result before non-recurring items EUR 138 million, or 11.4% of net