Clean Fuel
Qatari LNG Cargo Bound for Portugal
Portugal’s Port of Sines is scheduled to receive a shipment of LNG from Qatar on September 5, according to the Port of Sines website. The Lusail LNG Tanker, with a capacity of 145,000 cubic metres, is sailing from Port of Ras Laffan. The terminal is held by REN Atlântico and has a nominal send out [
Aker 2Q13 Earnings Impacted by order Delays and Cancelations
Aker Solutions reported revenues of NOK 11.9 billion in the second quarter of 2013, compared with NOK 11.9 billion in the second quarter of 2012, and earnings before interest, tax, depreciation and amortisation of NOK 946 million in the second quarter of 2013 compared with NOK 1.36 billion in the ye
Skangass Inks Long-Term Charter Contract for Coral Anthelia, Norway
In 2010, Skangass entered into a long-term time charter contract for “Coral Energy” with shipowner Anthony Veder. Now Skangass signs another contract with Anthony Veder, for the ship ‘Coral Anthelia’. “The fact that we have to increase our LNG transport capacity at sea means that the demand for LNG
The Netherlands: Register for Offshore Energy & OWIM 2013
With less than 2 months to go the registration for both Offshore Energy Exhibition & Conference and Offshore WIND Installation and Maintenance (OWIM) 2013 is now open at www.offshore-energy.biz. Hosted in Amsterdam RAI on October 15 & 16 the events expect some 500 exhibitors, 8,500 visitors and 900
Gazprom, Tatarstan Discuss NGV Market Development
Kazan hosted a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Rustam Minnikhanov, President of the Republic of Tatarstan. The parties addressed the issues of bilateral cooperation, namely, the prospects for the NGV market development in the Republic. It was n
Teekay LNG Partners to Issue Bonds on Norwegian Market
Teekay LNG Partners L.P. announced that it intends to issue a minimum of 700 million NOK in new senior unsecured bonds in the Norwegian bond market that mature in September 2018 which, at current conversion rates, have an aggregate principal amount equivalent to approximately USD 115 million. The pr
SCF President Meets Vladimir Putin (Russia)
Russian President Vladimir Putin meets with OAO Sovcomflot President Sergey Frank. Issues discussed during the meeting included: the implementation of the shipping company’s development strategy, Sovcomflot participation in large-scale offshore projects in Russia and overseas, and the furthering of
Top News of The Week August 19-25, 2013
Woodside Proposes Three FLNG Vessels for Browse, Australia Australia’s Woodside Petroleum announced development plans for their Browse gas fields offshore Australia. The company revealed intention to use three FLNG vessels designed by Shell for the Browse project. Woodside Approves FLNG for Browse,
Portugal to Receive LNG Cargo
Portugal’s Port of Sines is expected to receive a shipment of liquefied natural gas on August 29, according to the Port of Sines website. The LNG Lagos, with a capacity of 122,000 cubic metres, is sailing from the Bonny terminal in Nigeria. The terminal is held by REN Atlântico and has a nominal sen
UK: FLEX LNG Posts Q2 Results
FLEX LNG announced that the Q2 2013 financial report was approved by the Board of Directors on 22 August 2013.The company said its cash balances at 30 June were $3.9m (2012: $9.5m) with $1.0m net outflow (2012: $2.1m) in the quarter and $2.3m (2012: $5.2m) year to date. In the six months in 2013 the
International Oil and Gas Lawyer Joins Andrews Kurth (UK)
Andrews Kurth announced that international oil and gas lawyer Jubilee Easo will join the firm as a Partner in the London office, pending regulatory approval. Ms. Easo advises oil and gas companies and state entities worldwide on a wide range of upstream and downstream acquisitions and developments,
Rosneft, ExxonMobil Continue to Progress with LNG Project Implementation in Russian Far East
Rosneft and ExxonMobil continue to progress the LNG project proposed in the Russian Far East. The contractor selection process for design and engineering work has officially commenced. In 2013-2014 Rosneft and ExxonMobil plan to complete design work, including selection of a liquefaction technology
CITEC Acquires M7 Offshore (Finland)
The international Engineering company CITEC has acquired M7. By this, CITEC will strengthen its competence and offering within the oil and gas segment and M7 will have access to larger capacity and competence. M7 provides engineering and project management services to the oil & gas industry, includi
PIRA Energy: New Asian Import Capacity Does Not Necessarily Translate into New LNG Demand
PIRA Energy Group believes that new Asian import capacity does not necessarily translate into new LNG demand. In the U.S., compared to the EIA’s Short-Term Energy Outlook, PIRA foresees a sharper decline in electric generation sector gas demand during the upcoming heating season. In Europe, the mode