Galp Energia released the 1st quarter 2013 results with the following highlights: Ongoing exploration campaign, namely in Potiguar and in Namibia, underexplored areas where drilling commenced in the first quarter and which results are expected until the end of June. In the second quarter, the explor
The Ukrainian party has warned Russian Gazprom that the country will minimize the volumes of purchase of natural gas pursuant to the extremely unfavorable contract, concluded by the previous Government, and increase volumes of purchase from other sources, in particular, from Europe at more favorable
Aker Solutions said it expects to report revenue of NOK 11.1 billion and earnings before interest, tax, depreciation and amortisation (EBITDA) of NOK 868 million for the first quarter of 2013. The earnings were impacted by increased costs at the Ekofisk Zulu platform project as work was accelerated
A Gazprom delegation led by Alexey Miller, Chairman of the Company’s Management Committee paid a visit to the Republic of Slovenia. Alexey Miller met with Alenka Bratusek, Slovenian Prime Minister, Uros Cufer, Finance Minister, Stanko Stepisnik, Minister of Economic Development and Technology and Sa
The UK’s South Hook terminal will receive a shipment of LNG from Qatar this week, according to the Milford Haven Port Authority website. The Mekaines LNG carrier, with a capacity of 266,000 cubic metres, is due to arrive in the South Hook terminal on May 5. Qatar Petroleum owns 67.5 per cent of Sout
The distribution division of the world’s third largest grocery retailer, Tesco, has committed a fleet of HGVs to fill up at facilities run by leading Bio-LNG supplier Gasrec. Thirty-five dual-fuel vehicles will run on Bio-LNG from Gasrec’s refuelling station at Daventry International Rail Freight Te
UPS to Purchase 700 LNG Vehicles (USA) UPS today announced the accelerated growth of its alternative vehicle fleet with plans to purchase approximately 700 liquefied natural gas (LNG) vehicles and to build four refueling stations by the end of 2014. Once completed, the LNG private fleet will be one
The Gazprom Management Committee took note of the progress with the Program for hydrocarbon resources exploitation on the Russian Federation shelf until 2030. It was mentioned that the Russian continental shelf was a region of the Company’s strategic interest. A large hydrocarbon production center w
Eleven leading companies in Europe have joined forces in the newly established North Sea Power to Gas Platform to further develop the concept of Power-to-Gas (P2G): the conversion of renewable power into gas. P2G will play an increasingly important role in future energy system, as it reduces tempora
Total of France said its adjusted net income, for the first quarter of 2013, was 2,863 M€ comparted to 3,080 M€ in the first quarter 2012, a decrease of 7 %. Commenting on the results, Christophe de Margerie, Chairman and CEO said: ”The Group delivered solid results of 2.9 billion euros in adjusted
Technip’s Board of Directors approved the unaudited first quarter 2013 consolidated financial statements. Highlights Order intake of €2.9 billion Record backlog of €14.8 billion Revenue of €2.0 billion Operating margin of 8.6% Net income of €116.2 million Thierry Pilenko, Chairman and CEO, commented
Ophir announced the following changes to its Board: Jonathan Taylor, Jonathan Taylor, a co-founder of Ophir, Executive Director and former Technical Director has informed the Board of his intention to retire from the Board and his role as an Executive Director with effect from the Company’s 2013 Ann
The Gazprom Management Committee addressed operating results of the Company’s subsidiaries over the autumn/winter 2012–2013 period (from October to March) as well as the measures required for uninterrupted gas supply to consumers in the autumn/winter 2012–2013 period. The meeting highlighted that Ga
Economical and environmentally sound, LNG has proven to be a reliable option for power and fuel globally. From Norway to Trinidad and Tobago, and Boston to Beijing, natural gas demand is expected to increase steadily as the market grows in developing countries and new markets progress internationall
