Clean Fuel
Total Adjusted Net Income Drops (France)
French energy giant Total said it adjusted net income was 2,699 M€ in the second quarter 2013 compared to 2,7 91 M€ in the second quarter 2012, a decrease of 3%. Cash flow from operations was 3,706 M€ in the second quarter 2013, compared to 6,167 M€ in the second quarter 2012. Commenting on the [&he
Russia, Macedonia Sign Agreement on South Stream
Russian Energy Minister Alexander Novak, Prime Minister of Macedonia Nikola Gruevski and Minister of Finance Zoran Stavreski signed a bilateral agreement on construction of the branch of the South Stream gas pipeline to Macedonia. This agreement will increase energy security of both countries and wi
UK: BG Delivered 88 LNG Cargoes in H1
BG Group of UK said on Friday it has delivered 88 LNG cargoes in the first half of this year, 11 fewer than in the first half of 2012, due to the disruptions in Nigeria, which lead to the loss of three cargoes, fewer spot cargoes and reduced liftings from Egypt. First half cargo deliveries […
GasLog Takes Delivery of LNG Tanker, Monaco
GasLog Ltd. announced the delivery of the fully owned LNG carrier GasLog Skagen, from Samsung Heavy Industries. The vessel was delivered on budget and ahead of schedule. Immediately on delivery she commenced a medium-term charter to Methane Services Ltd. (BG Group). The vessel is a 155,000 cubic met
Plate-Cutting Ceremony Held for Dual Fuel Ferry, Italy
The plate-cutting ceremony was held on Wednesday at the Castellammare di Stabia (Naples) shipyard for the latest generation ferry that Fincantieri is building for Société des traversiers du Québec (STQ), a Canadian company that operates in maritime passenger transport. The ferry, which is scheduled
France: Technip Sees Profits Rise
Technip of France announced its second quarter 2013 results. Second quarter 2013 results Order intake of €2.8 billion Record backlog of €15.2 billion, of which €7.4 billion in Subsea Revenue of €2.4 billion Operating margin1 of 10.0% Net income of €162.4 million Full year 2013 objectives maintained
SHI of Korea Awards Wartsila with Excellent Partner 2013 Award
Samsung Heavy Industries (SHI) of Korea, one of the world’s leading shipbuilding companies, has recognised Wärtsilä’s contribution as a provider of high quality solutions and support by giving Wärtsilä its ‘Excellent Partner 2013’ award. A number of different suppliers to SHI were considered for the
PIRA Energy: Spot LNG Prices Up, But Volumes Are Thin
PIRA Energy Group reported that spot LNG prices up, but volumes are thin. In the U.S., there is a rapid reduction in the storage deficit. In Europe, there is a revolving door of supply pushing out more LNG and pulling in more pipeline gas. Korea’s most recent import data, coupled with June Kogas sal
Norway: Statoil Records Solid Q2 Results
Statoils second quarter 2013 net operating income was NOK 34.3 billion. Adjusted earnings were NOK 38.0 billion. “Statoil delivered an operationally solid quarter. We produced as planned, delivering record production from our portfolio outside Norway. We are on track and maintain our guidance for 20
Spain: Repsol Q1 Net Income Grows 2.6 Pct
Repsol posted net income of 1.054 billion euros in the first half of 2013, a rise of 2.6% from the year-earlier period calculated at current cost of supply. Calculated based on MIFO criteria, net income was 901 million euros. These earnings are especially significant as the first quarter of 2012 inc
Gasunie H1 Profit at EUR 214 Million, The Netherlands
For the first half-year of 2013, Dutch-based gas infrastructure company N.V. Nederlandse Gasunie achieved a net profit of € 214 million. Income for the first six months was down by about € 15 million compared to 2012, as a result of a one-off compensation in the first half of 2012. As in 2012, these
Norway: Fjord Line Revises LNG Ferry Schedule to Allow More Time for Refuelling
Fjord Line has revised parts of the timetable for its new, environmentally friendly cruise ferry MS Stavangerfjord starting Thursday evening for the following five weeks to allow more time for refuelling with liquid natural gas while in port. The brand-new ship went into service on July 14 as the fi
Navigator Gas Orders Two Gas Carriers (UK)
Navigator Gas reports that it has entered into agreements to construct one 21,000 cubic meter semi-refrigerated ethylene gas carrier and two 22,000 cubic meter semi refrigerated gas carriers for a combined price of approximately $138 million. In addition, the Company has options to construct a furth
PGNiG Sold 8.4 Bcm of Gas in H1 (Poland)
PGNiG SA of Poland said it has sold 8.4 billion cubic metres of gas in the first half of 2013, compared with 8 billion cubic metres in the corresponding period of the previous year. The volume of natural gas produced in H1 2013 totalled 2.25 billion cubic metres, having remained flat year on year. T