The Gazprom Management Committee took notice of the information regarding the work being done by the Company as part of the Eastern Gas Program. The meeting highlighted that Gazprom had already started creating the Yakutia gas production center in a pro-active manner. In October the final investment
Sovcomflot announced that it signed a USD 160 million, 12 year export credit facility with Finnvera, Finnish Export Credit and ING BANK N.V. The funds will be used towards financing two new ice-breaking supply vessels, Vitus Bering and Aleksey Chirikov, currently under construction at Arctech Helsin
John Wood Group issued pre-close trading update for the year to 31 December 2012. Full year results will be announced on 5 March 2013. Overall, conditions in energy markets remain favourable. The Group expects to deliver good growth for the year in line with expectations. Engineering division is per
NOVATEK announced the closing of its ten-year Eurobond issue due 2022 in an aggregate amount of US$ 1.0 billion, which was more than three-times oversubscribed based on the book building results. The annual coupon rate is set at 4.422% with coupons payable semi-annually. The Company’s CFO and Board
“Today’s news is a turning point for the country’s energy future. Shale gas has the potential to create jobs, generate tax revenues, reduce our reliance on imported gas, and improve our balance of payments,” said Francis Egan, CEO of Cuadrilla Resources. “Our exploration has shown that under Lancash
Skangass has taken yet another important step into the marine market after winning the contract to supply LNG to Fjord Line. Two new cruise ferries are to be supplied with a total of 30,000 tonnes of LNG per year. The contract will also have positive indirect effects for Risavika Harbour. With the g
The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Dimitar Gogov, Executive Director of Bulgargaz. The parties discussed the issues of bilateral cooperation in the energy sector and the prospects for widening cooperation in other
Belgium’s Zeebrugge liquefied natural gas terminal is expected to receive a cargo of LNG from Qatar onboard the 145,000 cbm Ejnan on January 1, according to port data. Fluxys, the operator of the terminal, has unloaded 70 carriers at the Zeebrugge LNG terminal in 2011. The Zeebrugge terminal has an
Record volume (38 million m3) of natural gas was transported from abroad via the border point Oude Statenzijl into the GTS network. That is almost 50% more than the previous record volume registered in April 2008. Oude Statenzijl is one of the Dutch-German border points connecting, inter alia, the t
Royal Dutch Shell announced that Mr Gerrit Zalm has been appointed a Non-executive Director of the Company with effect from January 1, 2013. Mr Zalm is the Chairman of the Board of Management of ABN AMRO Bank N.V., a position he has held since February 2009. Prior to that Mr Zalm was the Minister of
With the ECA regulations on fossil fuel emissions coming into effect in 2015, the world of shipping has turned to liquefied natural gas (LNG) as a greener, cleaner alternative to conventional diesel power. However most see the lack of LNG infrastructure as one of the most prominent barriers. Oil & G
Funds managed by Praxient Capital LLP have acquired 1,643,705 ordinary shares in Flex LNG Ltd. Praxient Capital LLP manages through Praxient Panther Master Fund Limited and Blackwell Partners LLC after the acquisition a total of 7,728,079 shares in FLEX representing 6.16% of the total shares in issu
BG Group announced that Chris Finlayson has been appointed as Chief Executive, to succeed Sir Frank Chapman. Chris, who is currently Executive Director and Managing Director BG Advance, will take over as Chief Executive on 1 January 2013. Chris, who has over 35 years experience in the oil and gas in
Shell Gas & Power Developments B.V. and the Technip Samsung Consortium have signed a heads of agreement to enhance collaboration on the design, engineering, procurement, construction and installation of future innovative FLNG facilities. The agreement builds on the existing relationship, formed in 2
