Clean Fuel
UK: Grain LNG to Get Cargo
The UK’s Grain LNG terminal will receive a cargo of liquefied natural gas from Algeria this week, according to shipping data. The cargo is being hauled by the 75,000 cbm Cheikh El Mokrani, and it is due to arrive at the Grain LNG terminal on Tuesday. Grain LNG is the UK’s first modern LNG facility a
Russia: Santata Trims Stake in Novatek
Russia’s largest independent gas producer and the operator of the Yamal LNG project NOVATEK announced that it has received a notice from OOO Santata regarding a decrease in its equity stake in the company from 11.75% to 7.125%. “In accordance with a press release for the Volga Group, which includes
Teekay to Buy LNG Tanker from Awilco, Bermuda
Teekay LNG Partners said that it has agreed to acquire a 155,900 cubic meter liquefied natural gas (LNG) carrier newbuilding from Awilco LNG, a Norwegian-based owner and operator of LNG carriers. The vessel, which is currently under construction by Daewoo Shipbuilding & Marine Engineering (DSME) of
Douglas-Westwood Expects LNG Capital Expenditure to Double, UK
A strong recovery in expenditure on LNG facilities now underway worldwide driven by a growing demand for natural gas. The new eighth edition of Douglas-Westwood’s (DW) World LNG Market Forecast expects that global Capex will total nearly $228bn during the 2013-2017 period, an increase of 109% over t
PIRA Energy: Winter Faces LNG Supply Risk
PIRA Energy Group believes that the winter faces LNG supply risk. In the U.S., gas production from Marcellus as well as portions of Utica was significantly above June 2012. In Europe, Norway has slightly boosted its estimated supply loss in the first 10 days of August. Specifically, PIRA’s analysis
Gasum Appoints Executive VP, Finland
Johanna Lamminen, CEO of Danske Bank Plc, has been appointed Executive Vice President and Chief Financial Officer at Gasum. She will take up the post on 1 September 2013. Gasum’s CEO Antero Jännes will continue in his present post until the end of February 2014, when he will retire according to the
FSRU Toscana Arrives in Italy
Towed by two tugs, “FSRU Toscana” has arrived in Italy, in the waters of Tuscany Region between Livorno and Pisa. The FSRU sailed away from Malta on Friday July, 26, where it has made a scheduled stop necessary to finalize some mechanical activities in preparation of installation and testing. The FS
Tug ST Elmo Assists in Ship-to-Ship LNG Towage Duties (Cyprus)
ASD tug ST ELMO (BP75t – Built in 2011) was recently engaged in a successful operation in the East Mediterranean. The vessel was employed to provide ship-to-ship LNG towage duties and standby assistance along with tug Gariblado in IPL and OPL Limassol Bay, Cyprus. St Elmo returned to base on 13th Ju
France: GDF Suez H1 Earnings Drop
GDF Suez of France said its Global Gas & LNG business line reported a decline in Ebitda of -23.9% to EUR 1,076 million in the first half of this year. This variation was due to lower production in Exploration & Production activity, impacted in particular by a period of repair and maintenance work at
Shell: H1 LNG Sales at 9.83 Million Tonnes, The Netherlands
LNG player Royal Dutch Shell said on Thursday its equity LNG sales volumes of 9.83 million tonnes in the first half of this year were 1% higher than in the first half year 2012, reflecting the contribution from Pluto LNG, which was partly offset by lower volumes from Nigeria LNG due to reduced feedg
Belgium: Two New LPG Carriers for Exmar and Teekay LNG
EXMAR LPG, a joint- venture between EXMAR and Teekay LNG Partners, announced that it has lifted the option for two additional 38,000 cbm LPG Carriers (Midsize Gas Carriers) to be built at Hanjin Heavy Industries’ Subic Bay shipyard. These two Midsize Gas Carriers are additions to the existing newbui
Italy: Eni Profit Dives
Eni, the international oil and gas company, announced its group results for the second quarter and the first half of 2013. Financial Highlights1 Adjusted operating profit: €1.95 billion for the quarter, down 51%2; €5.66 billion for the first half, down 43%2 including Saipem losses which have been re
GDF Suez Discovers Gas West of Shetlands
GDF SUEZ E&P UK confirmed that the Cragganmore exploration well was a successful gas discovery. Located at block 208/17, this is one of two wells drilled in the West of Shetlands in partnership with DONG Energy as operator. The Cragganmore well results are currently being evaluated to assess the via
Qatari LNG Bound for UK
The Al Karaana LNG carrier, with a capacity of 210,000 cubic metres, is due to arrive in the UK’s South Hook terminal from Qatar on August 8, shipping data reveals. 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 [&h