2012 was another record year for upstream M&A activity totalling $232 billion of spend according to Wood Mackenzie’s annual M&A review. The year was dominated by three major transactions in the second half of the year: Rosneft/TNK-BP; CNOOC/Nexen; and Freeport/Plains. Excluding these deals, while it
The Gazprom headquarters hosted a working meeting between Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee and Sheikh Hasina, Prime Minister of the People’s Republic of Bangladesh.The parties discussed the issues of bilateral cooperation in the oil and gas sector. For instance, t
Navis Engineering of Finland said it has delivered the NavDP4000 system for the innovative cruise ferry Viking Grace. The 214-m long Viking Grace, delivered to her owner Viking Lines by the Turku-located STX Europe shipyard on January 10, 2013, is said to be one of the most environmentally-friendly
The Norwegian Ministry of Petroleum and Energy awarded shares in four exploration licences to GDF SUEZ, within the “Awards in Predefined Areas (APA) round” 2012. In total, 40 companies were awarded 51 new licences. Within the four licences attributed to GDF SUEZ, two are located in the North Sea and
Belgium’s Zeebrugge liquefied natural gas terminal re-exported an LNG cargo yesterday, according to port data. The cargo is being hauled by the 131,000 cubic-meter Methania, and it is due to arrive at the Barcelona LNG terminal in Spain on January 22. The Zeebrugge LNG terminal is situated on a 30ha
Gazprom of Russia said its net sales of gas decreased by RUB 157,934 million, or 8%, to RUB 1,829,396 million in the nine months ended September 30, 2012 compared to the nine months ended September 30, 2011. For the nine months ended September 30, 2012 net sales of gas to Europe and other countries
Due to the cold winter temperatures in the Netherlands and neighbouring countries, Gasunie’s gas transmission network has been operating flat-out. Over 500 million m3 natural gas flowed through the grid last Monday and Tuesday. The average daily volume in January is 380 million m3. The record for th
Strong growth in production from unconventional sources of gas and oil will have a major impact on global energy markets to 2030, redefining expectations for major economies and rebalancing global trade flows, according to BP’s latest Energy Outlook 2030. This is the third annual edition of the Outl
Cryonorm Systems said it received an order to install LNG bunkering system for Risavika harbour from Skangass. The order consists of an LNG bunkering system for ferries going from Norway to Denmark. Cryonorm Systems said it will engineer, produce, install and supervise the installation of the comple
The numbers for the Portuguese fleet of gas-powered vehicles remain at some 500 units, maintaining the figures of the last three years. The main reason for this stagnation is the absence of fuel supply stations in sufficient numbers and the removal of the reduced VAT. On the commercial vehicle side
After three years of productive work the European project GasHighWay came to an end last year. Supported by the European Commission under the Intelligent Energy – Europe Programme, the project aimed at promoting the uptake of gaseous vehicle fuels, namely biomethane & CNG, and placed special emphasi
Eni said it has completed the placement of EUR 1,250 million aggregate principal amount of senior, unsecured bonds, exchangeable into ordinary shares of Snam. The Bonds will have a maturity of 3 years and will pay a coupon of 0.625% per cent per annum, payable annually in arrears. The Bonds will be
UK’s South Hook LNG terminal is expected to receive a cargo of LNG next week from Qatar, according to the Milford Haven Port Authority website. The Al Mayeda LNG tanker, with a capacity of 266,oo0 cbm, is due to arrive at the South Hook terminal on January 22. The South Hook terminal can process 15.
Ministry of Petroleum and Energy of Norway has submitted a proposal to reduce the tariffs for new gas volumes from the Norwegian shelf. “Sound resource management also requires correct pricing of gas transport for new projects. The proposal to reduce transport costs for new gas volumes will facilita
