Shell released new scenarios that explore two possible ways the 21st century could unfold, with dramatically different implications for society and the world’s energy system. One scenario sees cleaner-burning natural gas becoming the most important energy source globally by the 2030s and early actio
GDF SUEZ of France recorded a + 7.0% increase in revenues, to EUR 97.0 billion (organic growth of + 5.8%). This performance resulted from an increase in sales of gas and electricity in France, which benefited from a return in 2012 to average weather conditions, the progression in exploration-product
Linklaters has advised leading Spanish energy company Repsol on the US$6.653bn sale to Royal Dutch Shell of its liquefied natural gas (LNG) assets, which includes the minority stakes in Atlantic LNG (Trinidad & Tobago) Peru LNG and Bahia de Bizkaia Electricidad (Spain), as well as the LNG sale contr
The UK’s Grain LNG terminal will receive a cargo of liquefied natural gas from Algeria this week, according to shipping data. The cargo is being hauled by the 75,000 cbm Cheikh El Mokrani tanker, and it is due to arrive at the Grain LNG terminal on March 3. Grain LNG is the UK’s first modern LNG [&h
Repsol posted net income of 2.060 billion euros for 2012, a 6.1% decline from the year earlier. At current cost of supply (excluding the change in value of the oil inventories that the company stocks as part of Spain’s strategic reserve) Repsol’s net income was 2.048 billion euros, 5.4% higher than
NGVA Europe said that an additional member, Clean Air Power, has applied for seat on the association’s Board of Directors. In order to join NGVA Europe’s governing body the request will have to be officially confirmed by the next annual General Meeting, which will take place during NGV 2013 Gothenbu
Aker Solutions said that it had agreed to buy a controlling stake in Aberdeen-based Enovate. The transaction was closed on 26 February. Enovate has developed a wide range of unique and patented components and products for use in open water workover systems, in riser workover systems, rigless interve
Gazprom and CNPC agreed to step up the negotiations on Russian natural gas supply via the eastern route with a view to sign a gas purchase and sale contract with a validity period until 2013. This deadline was set according to the decision of the Russian-Chinese Intergovernmental Commission on Energ
Centrica of UK posted its results for the year ended 31 December 2012. Highlights: Operating profit from continuing operations: £2,625m (2011: £1,414m) Profit from continuing operations before taxation: £2,442m (2011: £1,268m) Earnings: £1,273m (2011: £421m) Basic earnings per ordinary share: 24.6p
GasLog, an international owner, operator and manager of liquefied natural gas (LNG) carriers, reported its financial results for the quarter ended December 31, 2012. Highlights First quarterly dividend of $0.11 per common share was paid on December 17, 2012 and second quarterly dividend of another $
Awilco LNG of Norway said its Freight income for the year of 2012 amounted to MUSD 56.6 compared to MUSD 30.7 in 2011. Highlights for 4th quarter Awilco LNG reported freight income of MUSD 13.8 (MUSD 12.6 in Q3 2012) and an EBITDA of MUSD 8.0 (MUSD 6.4 in Q3 2012) WilGas commenced two year […
RasGas Company, one of the world’s leading liquefied natural gas producers, is on a major recruitment drive in the United Kingdom (UK) looking for young and talented Qatari engineers who would like to make a career in the dynamic world of natural gas. The company took part in several recruitment dri
The European Union will assist Ukraine in diversifying natural gas supplies, noted on Sunday Ukraine’s Minister of Energy and Coal Eduard Stavytskyi at the 16th EU-Ukraine Summit in Brussels. According to the minister, this should influence the current price Ukraine is paying for Russian gas. In the
Egil Ulvan Rederi has ordered two fish feed carriers of MM-design from Fiskerstrand BLRT. The LNG fuelled vessels will have a cargo capacity of approx. 5000 m3, and they will be fitted with a newly developed cargo loading and discharge system from Graintec. The vessels will be built by Fiskerstrand
