Wärtsilä Corporation of Finland said its order intake increased 9% to EUR 4,940 million in 2012. Fourth Quarter Highlights Order intake increased 9% to EUR 1,357 million (1,250) Net sales increased 24% to EUR 1,533 million (1,238) Book-to-bill 0.89 (1.01) Operating result (EBIT) EUR 186 million or 1
Mr Marco Wirén (47), M.Sc. (Econ.), has been appointed Chief Financial Officer, Executive Vice President and member of the Board of Management of Wärtsilä Corporation, effective 1 August 2013. Mr Wirén has broad-ranging experience of financial management and international business management. He cur
The Gazprom headquarters hosted a regular meeting of Alexey Miller, Chairman of the Company’s Management Committee and heads of Russian pipe manufacturing companies. Taking part in the meeting were Deputy Chairmen and Members of the Gazprom Management Committee, heads of the Company’s specialized st
The European Commission announced an ambitious package of measures to ensure the build-up of alternative fuel stations across Europe with common standards for their design and use. Policy initiatives so far have mostly addressed the actual fuels and vehicles, without considering fuels distribution.
GAZPROM Germania GmbH already operates six natural gas filling stations around Germany and plans to open an additional four. The new stations are due to enter service by the end of 2013 and will be located in Berlin, Potsdam, Leipzig, and Öhringen. GAZPROM Germania GmbH again commissioned erdgas mob
Eni signed Exploration and Production Sharing Contracts with the Ministry of Commerce, Industry and Tourism of the Republic of Cyprus, for Blocks 2, 3 and 9 located in the Cypriot deep offshore portion of the Levantine basin, which encompass an area of around 12,530 square kilometres, thus marking t
MAN Diesel & Turbo recently showcased its new range of gas engines and turbines at its Augsburg facility with the company’s 35/44G engine, the latest addition to its four-stroke power portfolio, featuring prominently. Martin Kalter – Vice President Sales Power Plants – MAN Diesel & Turbo, said: “Ess
FLEX LNG provided an update regarding the status of the company’s investments with Samsung Heavy Industries (SHI) and the steps taken to secure shareholder value. SHI is currently holding, and has done so for a considerable time, significant funds on behalf of FLEX LNG. Since 2007 the sum of USD 458
LNG freight rates strengthened in December as winter demand kicked in, but the market has not yet escaped the agonies of the second half of 2012, Drewry said in a report. Drewry’s LNG Freight Index might have gained 20% in December, but short-term rates were still 4% below what they were in December
TAP officially submitted its Environmental and Social Impact Assessment (ESIA) for the Albanian section of the proposed natural gas pipeline to the National Licensing Centre in Albania. TAP with a group of Albanian and international experts developed the comprehensive ESIA report in accordance with
Evergas said that it has secured 15-year shipping agreements with INEOS Europe for the transportation of ethane into Europe from the US Mariner East project. Under such agreements Evergas will build and operate new customized vessels that will be dedicated to the transportation of ethane from Marcus
Klaipedos Nafta of Lithuania said it has suspended plans to approve this week a contractor to link an LNG terminal to Lithuania ’s grid pending a probe of the tender terms. “On 22 January 2013 AB Klaipedos Nafta received a letter from the Public Procurement Office regarding presentation of the docum
Ukraine is exploring two additional options of reverse gas supply from Europe, stated the Minister of Energy and Coal Industry of Ukraine Eduard Stavytskyi on January 18, not disclosing the said options. At the same time, kommersant.ua reports German RWE may provide Ukraine with gas from Slovakia, c
Visiongain’s analysis indicates that the LNG carrier market will reach a value of $6.47bn in 2013, as companies seek to take advantage of the arbitrage opportunity that exists between the supply and demand sides of the global natural gas market. The LNG carrier market is therefore forecast by Vision
