Gazprom Marketing & Trading Switzerland AG and Levant LNG Marketing Corporation executed the Heads of Agreement (HOA), outlining the main terms of an exclusive offtake arrangement from Tamar floating LNG project for a 20 year period. The aim of the future deal is to expand Gazprom’s LNG marketing an
Enagás will invest €2.1Bn in the 2013-2015 period, as stated by the company at the presentation of its Strategic Plan update. Enagás’ strategy for the coming years will continue to prioritise the regulated asset business in Spain, where there is still room for investing in infrastructure that contri
FLEX LNG said its cash balances at 31 December were $6.2m ($14.8m) with $1.5m net outflow ($2.1m net outflow) in the quarter and $8.5m net outflow ($4.9m – net inflow) year to date. In the twelve months in 2012 the operating cash outflow was $8.5m (principally the operating loss excluding non cash m
The In Aménas gas facilities in Algeria operated by the Joint Venture partners Sonatrach, BP and Statoil, initiated a limited production start-up on Friday 22, Statoil said in a statement. Production from the plant’s train 1 was started-up following a detailed review of technical integrity, security
The Gazprom Management Committee took notice of the information about the Company’s efforts aimed at amplifying natural gas use as a vehicle fuel abroad. “The Gazprom structural units were tasked to continue strengthening the Company’s positions in this business segment as well as to prepare materia
OAO NOVATEK announced that independent petroleum engineers, DeGolyer & MacNaughton, have completed their comprehensive reserve appraisal of the Company’s hydrocarbon reserves as of 31 December 2012. Total SEC proved reserves, including the Company’s proportionate share in joint ventures, increased b
Gazprom Kapital, a subsidiary of Gazprom, placed bonds worth RUB 30 billion at the MICEX Stock Exchange. This is one of the biggest and unique transactions in the local corporate bond market – for the first time in the history of the domestic bond market 3 bond issues with varying maturities and vol
The Gazprom Management Committee approved the Investment Rationale for LNG plant near Vladivostok. The Investment Rationale will lay the foundation for generating the project documentation. In this way, the Vladivostok-LNG project entered the investment stage. As part of the Vladivostok-LNG project
The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Masud Barzani, President of Kurdistan. The parties discussed the prospects for bilateral cooperation deepening in the oil and gas sector. In particular, the meeting addressed p
LNG player GDF Suez of France has announced several new appointments. Henri Ducré (56) has been appointed Executive Vice President of GDF SUEZ in charge of Human Resources. He will also oversee the Information Systems Division and the Health, Safety and Management Systems Division. Given these diffe
WorleyParsons said it has signed an agreement to acquire 100% of the shares of Bergen Group Rosenberg for a cash consideration of NOK 1,088m (including more than NOK 200m of acquired cash). Rosenberg is a wholly-owned subsidiary of Bergen Group ASA, a listed Norwegian company. Completion of the acqu
Sakhalin Energy announced that as of 21 February 2013 Andrei Galaev resigns his post as Chief Executive Officer of Sakhalin Energy due to a transfer to another job. Andrei Galaev has been working for Sakhalin Energy for over five years, including three years as Chief Executive Officer. Olivier Lazar
Enagás reported full year 2012 net profit of €379.5Mn, a 4.1% increase on the €364.6Mn reported in 2011. EBITDA totalled €934.3Mn at 31 December 2012, 5.5% higher than the previous year’s figure of €885.5Mn. These increased earnings was due mainly to the company’s efforts to improve efficiency and r
BOC, the UK’s leading industrial gases and clean energy company, is to invest in a further 10 dual-fuel heavy goods vehicles for its national delivery fleet. In addition, the company will install a back-to-base Liquefied Natural Gas (LNG) refuelling unit at its Middlesbrough site on Teesside to serv
