Royal Dutch Shell announced that Christine Morin-Postel has indicated her intention to retire as a Non-executive Director of the Company at the 2013 Annual General Meeting to be held on May 21, 2013. Christine Morin-Postel served as a member of the Supervisory Board of Royal Dutch Petroleum Company
Russia’s largest independent natural gas producer NOVATEK said that its subsidiary OOO NOVATEK-Tarkosaleneftegas won an auction for exploration and production license for the East-Tazovskoye field. Payment for the license was set at RR 3.19 billion. The East-Tazovskoye field is located in the Yamal-
Eni of Italy confirmed its strategy of production growth, raising its average annual target to over 4% in the 2013- 2016 period. This growth is based on a scenario of $90/bbl to 2016, but it is resilient to higher oil prices. Eni’s growth strategy is founded on organic development, thanks to the sig
DNV of Norway posted a video of the concept ship developed by Oshima and DNV. It’s an energy efficient open-hatch bulk carrier powered by liquefied natural gas. https://www.youtube.com/watch?v=wfwDZE0uG_w The ECO-Ship is an energy-efficient and cost-effective concept design developed to help owners
Cuadrilla of UK said it has strengthened its commitment to environmental assessments and shale exploration in Lancashire. Francis Egan, Cuadrilla’s Chief Executive, said: “Ongoing technical analysis of the data we have gathered from our exploration of the Bowland Basin Shale in Lancashire has confir
Fluxys Belgium, sister company Fluxys TENP and seventeen other Transmission System Operators (TSOs) have announced the launch of the new PRISMA European Capacity Platform on 1 April 2013 at the FLAME conference. From that day, day-ahead capacity at various European interconnection points in seven co
Pallas Group said it has extended the Letter of Intent, signed with Turkish Akdeniz Shipyard in July 2012, for the construction of a cargo ship capable to transport LNG and methanol. Developed by Pallas Shipping, the cargo ship will have a capacity of 2200 tons and is designed to operate as a bunker
Wärtsilä has signed a five year maintenance agreement with Finnish ship owner, Viking Line. The agreement, which became effective from March 1, is for maintaining and servicing the recently launched ‘Viking Grace’, the largest passenger ferry ever to operate on liquefied natural gas (LNG) fuel. The
Launching ceremony of the first from series, modern car – passenger ferry, built for a Norwegian Owner, took place in Remontowa Shipbuilding S.A. on Friday, 8th of March 2013. Remontowa Shipbuilding is the biggest production shipyard in Poland, the only one with such an extensive experience in const
Naftogaz of Ukraine has paid to Gazprom of Russia over USD 162 mln for the natural gas imported in February of 2013. The price of national gas for the company in the first quarter of 2013 makes up over USD 406 per 1000 cubic meters. Pursuant to the conditions of the additional contract to the [&hell
Portugal’s Port of Sines is scheduled to receive a shipment of LNG from Nigeria on February 2, according to port data. The cargo is being hauled by the LNG Bonny tanker, with a capacity of 135,293 cbm, and it is sailing from Nigeria’s Bonny terminal. The Sines terminal is held by REN Atlântico and h
Qatargas’ Chief Operating Officer – Commercial & Shipping, Alaa Abujbara, addressed the challenges surrounding energy supply in the European markets to an audience at the annual Flame conference held in Amsterdam (11 – 15 March). The presentation, titled “A Case for LNG in Europe” highlighted the ch
Gasconsult Limited, the UK supplier of small to mid-scale LNG liquefaction technology, announced the appointment to its Board of two former executives from BP and Fluor. Dr. Alan Stockwell led BP’s pioneering work which developed the highly successful Orimulsion® power plant fuel in collaboration wi
Opposing political forces have to assume responsibility for the inked gas contracts with Russia according to which Ukraine annually overpays for fuel over USD 7 bln. This was informed by Prime Minister Mykola Azarov in the process of his meeting with journalists of Ukrainian TV channels. “Ukraine ov
