A naming ceremony was held at the Hyundai Mipo Dockyard Co. Ltd. shipyard in Ulsan, South Korea for the first two vessels in a new series of LPG carriers ordered by Sovcomflot Group, to operate on long-term contracts with the petrochemical holding company SIBUR. The carriers will serve to transport
Scandlines and STX Finland Oy have signed a Letter of Intent (LOI) for building two new ferries for the route Rostock (Germany) – Gedser (Denmark) for delivery in spring 2015. The project will bring some 1,000 man-years of work for STX Finland and its subcontracting network. The ferries will be doub
Caterpillar Marine Power Systems announced the shipment of the first MaK™ M 46 DF dual fuel marine engine. The M 46 DF, Caterpillar’s first marine dual fuel solution, will power a newbuild ordered by Germany’s AIDA cruises. Three 12 M 43 C marine engines will also power the cruise liner. The engine
The Trans Adriatic Pipeline (TAP) has signed a Cooperation Agreement with Greek natural gas transmission system operator, DESFA. Specifically TAP and DESFA plan to enter into an agreement on day-to-day technical operation and maintenance for the Greek section of the TAP pipeline. Other joint activit
FLEX LNG said on Wednesday that commercial settlement discussions have resumed with Samsung Heavy Industries (SHI). “It is too early to say whether these negotiations will result in an acceptable outcome for the company and its shareholders and FLEX LNG will update the market if these discussions de
GE and Gazprombank recently signed a memorandum on strategic cooperation aimed at developing the Russian oil and gas sector. The cooperation agreement defines key areas of collaboration in oil and gas and other energy projects in Russia. They include the joint development of a 16-megawatt (MW) gas t
Gazprom’s CEO Alexey Miller and Yury Boiko, Vice Prime Minister of Ukraine, met in Moscow to discuss natural gas injection into underground gas storage (UGS) facilities by Naftogaz Ukrainy. It was noted that Ukrainian UGS facilities should store over 19 billion cubic meters of gas by the beginning o
Eni successfully launched a fixed rate bond issue for a notional amount of Euro 1 billion. The transaction was placed in the international Eurobond market. The bond has a 10 year maturity and pays a fixed annual coupon of 3.25%. The re-offer price is 98.812%. The proceeds of the bond issue have a ge
Rosneft and members of ITERA Oil and Gas Company announced the acquisition of the remaining 49% of ITERA Oil and Gas Company LLC from Itera Holdings Limited for USD 2.9 bln. As a result Rosneft increased its share in Itera Oil and Gas Company LLC to 100%. Consolidation of ITERA Oil and Gas Company L
Second Summit of Gas Exporting Countries Forum (GECF) took place in Moscow chaired by the President of the Russian Federation Vladimir Putin. 13 countries are Members of this organization; four enjoy the status of Observer. “I think that one of the Forum’s key tasks should be to reach a commonly agr
OMV has been awarded six additional offshore exploration licenses in Norway, acting as operator for two of them. The licenses were awarded by the Norwegian Ministry of Petroleum and Energy out of the 22nd Exploration license round. The signing with the Ministry took place on Friday, June 28. These a
Dr. Mohammed bin Saleh Al-Sada, Minister of Energy and Industry, headed Qatar’s delegation to the Second Summit of the Heads of State and Government of the Gas Exporting Countries Forum (GECF ), held in Moscow on Monday. The summit concluded successfully in Moscow, and all the members endorsed the f
Elengy, a GDF Suez unit, said that an LNG truck loading service is now available at Montoir-de-Bretagne terminal in France with a capacity of up to 4 LNG trucks to be loaded per day. Road-transported LNG means carrying liquefied natural gas from place to place by truck and has proven the most effici
Peru LNG shipped a liquefied natural gas cargo to Spain on Thursday, according to PeruPetro S.A. The cargo is being hauled by the Ribera del Duero Knutsen, a 173,000 cubic-meter tanker owned by Knutsen OAS Shipping, and it is expected to arrive at Spain’s Bilbao terminal on July 23. The Peru LNG pro
