SBM Offshore announced that the sale of GustoMSC, its non-core design and engineering subsidiary, became unconditional on 28 November and that the approximate $185 million transaction with Parcom Capital has been completed. The sale of GustoMSC is a further step in enabling SBM Offshore to pursue it
Höegh LNG said it entered into a firm agreement with four banks for a USD 250 million corporate facility for the financing of the FSRU to be delivered for the Klaipedos Nafta FSRU project in Lithuania. The four banks are DNB Bank ASA, Nordea Bank Norge ASA, Skandinaviska Enskilda Banken AB (publ) an
Sovcomflot of Russia said its gross revenue was USD 1,114.3 million for the nine months to 30 September, up 3.7 percent compared to the same period last year. Highlights Time charter equivalent (TCE) revenues: USD 720.2 million (+ 3.7 pct) EBITDA: USD 375.0 million (+ 3.5 pct) Net profit: USD 42.3 m
A maturing liquefied natural gas (LNG) industry marked with an anticipated rise in energy demand and recent changes in market dynamics highlights the need to maintain secure LNG supply, said RasGas Company Limited’s (RasGas) Marketing and Shipping Executive, Khalid Sultan R. Al Kuwari, at the CWC Wo
Hammerfest LNG is back in normal production after the temporary closure of the plant following a power failure on 19 November, Statoil said in a statement. Interference to the power system, which arose during maintenance work on the plant’s battery-based reserve power supply, led to the plant’s own
The GRHYD project, involving the injection of hydrogen into natural gas networks and the production of Hythane® (a fuel composed of hydrogen and natural gas), was recently chosen as part of the Investments for the Future program in answer to ADEME’s Call for Expressions of Interest in hydrogen fuel
Delek Group gas subsidiaries said in a statement that the Pre-FEED stage of Tamar and Dalit floating liquefied natural gas project (FLNG) has now been successfully complete. Therefore, the Tamar partners decided to begin the second phase – FEED, the companies said. LNG production is expected to be u
Following a press release issued yesterday regarding an intended offer for Dockwise, Royal Boskalis Westminster said that it currently holds a 33.0% stake in Dockwise. As a result, Boskalis is now the largest shareholder in Dockwise. These shares acquired since yesterday were purchased at an average
BP said today that it has agreed to sell its interests in a number of central North Sea oil and gas fields to TAQA for $1.058 billion plus future payments which, dependent on oil price and production, BP currently expects will exceed $250 million. The assets included in the sale are BP’s interests i
The cooperation between PGNiG and the LOTOS Group in oil and gas exploration is gaining speed. First exploration work will be carried out in four of PGNiG’s licence areas situated in the region of Pomerania. At a meeting in Gdańsk, Grażyna Piotrowska-Oliwa, President of the Management Board of Polsk
Wärtsilä of Finland, the marine industry’s leading solutions and services provider, has been contracted to supply an integrated solution comprising ship design services and the power and propulsion system for a newbuild LNG powered Platform Supply Vessel (PSV). The contract has been signed with the
Ukraine started the construction of the terminal for LNG regasification in Odesa region, southern Ukraine. In the meantime, the U.S. Excelerate Energy L.P. will provide a mobile floating platform for receiving and processing of the liquefied natural gas during the construction of the ground terminal
Det Norske Veritas (DNV) has appointed Rune Torhaug as the new Managing Director for DNV Research and Innovation. He has worked internationally with leadership roles in DNV Energy, DNV Maritime and DNV Business Assurance. Mr. Torhaug has a strong background in risk and reliability, and a proven trac
Eni S.p.A. has completed the placement of approximately 33.2 million shares in Galp Energia SGPS S.A. , representing 4% per cent of the outstanding share capital of Galp, in an accelerated bookbuilding offer to international institutional investors at a price of EUR 11.48 per share. Gross proceeds f
