Clean Fuel
Total Sells TIGF (France)
Total has closed the sale of Transport et Infrastructures Gaz France (TIGF) to the consortium of Snam (45%), GIC Private Limited (35%), and EDF (20%) for an enterprise value of €2.4 billion. Total sold 100% of TIGF’s share capital in exchange for cash proceeds of €1.6 billion and the assumption of d
Golar LNG Reports Lower Q1 Revenue (Bermuda)
On the basis that the results of Golar LNG Partners are no longer consolidated, Golar LNG reported first quarter 2013 operating income of $75.9 million (including a $65.2 million gain on sale of the Maria) and net income of $85.6 million. Highlights • Golar Partners completes its third follow-on equ
BP, SOCAR, Total, Fluxys Enter TAP Project
The Trans Adriatic Pipeline AG (TAP) today announced that BP, SOCAR and Total – members of the international consortium developing the giant Shah Deniz field in Azerbaijan – have exercised their option to join the Trans Adriatic Pipeline AG. BP and SOCAR have each taken a 20% share while Total has a
Belgium: LNG Tanker Due at Zeebrugge Next Week
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 August 9, according to the Zeebrugge Port Authority. The Zeebrugge liquefied natural gas terminal is situated on a 30ha site in the outer port of Zeebrugge. It
VIDEO: BP Q2 Cash Flow at USD 5.4 Bln (UK)
BP announced its financial results for the second quarter of 2013. Underlying replacement cost profit for the quarter was $2.7 billion, compared to $4.2 billion in the first quarter of the year and $3.6 billion in the second quarter of 2012. Operating cash flow in the quarter was $5.4 billion. Bob D
Lithuania Interested in Norwegian LNG
Lithuania’s President Dalia Grybauskaitė held a meeting with Norway’s Minister of Foreign Affairs Espen Barth Eide. The meeting focused on bilateral relations, Nordic-Baltic cooperation, EU’s relations with Norway, economic issues, energy security, and Eastern Partnership. The President of Lithuania
Report: Shipping Has Huge Potential to Reduce Environmental Impact
Shipping has great potential to reduce its environmental impact through new and modified propulsion technologies – but there is no single or simple answer that will meet every need or that can be applied to every type of vessel. Instead, says a report by an expert working group at the Royal Academy
UK: Gasol Appoints New Chairman
Gasol plc, the West African energy development company, announced that Cornelia Meyer has notified the Company of her intention to step down from the Board on 01 August 2013. The Board announced that Cornelia has agreed to act as Strategic Adviser to the Gasol Board going forward. It is intended tha
GM&T Signs Loan Facility, UK
The USD 600,000,000 multicurrency revolving loan facility,signed on 27 July 2012 and arranged by 30 banks with ABN AMRO N.V., ING Bank N.V. and the Royal Bank of Scotland PLC as Active Book Runners and Joint Coordinators and Barclays Bank PLC as the Facility Agent, by a further 364 days. The GM&T is
Top News of the Week July 22-28, 2013
Qatargas Sells First LNG to Malaysia Qatargas announced that it has sold Qatar’s first ever cargo of Liquefied Natural Gas (LNG) to Malaysia. Oil Search: PNG LNG Project 90 Pct Complete Oil Search said that at the end of the second quarter of 2013, the PNG LNG Project was nearly 90% complete and the
Exmar: LNG Fleet Earns USD 15.5 Mln in H1 (Belgium)
EXMAR said its LNG fleet recorded an operational result (EBIT) of USD 15.5 million during the first six months of the year. All LNG’s and LNGRV’s in which EXMAR has an ownership stake are in service and have fully contributed during this first half under their respective time-charters. The EXCEL was
GNF, Repsol Ink Two Gas Supply Deals (Spain)
Gas Natural Fenosa (GNF) and Repsol have signed two medium- and long-term gas supply agreements, Repsol said in a statement. The first agreement is for the supply to Repsol of 2 billion cubic metres of gas a year between 2015 and 2018. Repsol has also signed an agreement to acquire from Gas Natural
Oil Operations & Logistics 2013 Summit to Focus on LNG Topics
IRN announced that Ann Elisabeth Serck-Hanssen, Vice-President, Statoil Shipping and Operations will be part of the esteemed speaking faculty at the 2nd Oil Operations and Logistics Summit that will take place in Oslo on 2nd-3rd October and will present on the key requirements for Statoil to ensure
Albania, Italy, Greece Publish Final Joint Opinion on TAP Exemption Application
Following the publication of the final joint opinion on TAP’s Exemption Application today, by the national regulatory authorities of Albania (ERE), Greece (RAE) and Italy (AEEG), Lutz Landwehr, Commercial Director at TAP, who worked closely with all three national regulators of TAP’s host countries