Kentz Corporation Limited, the holding company of the Kentz engineering and construction group, released the following interim management statement for the period 1 July to 11 November 2012. Overview Growth underpinned through new project awards together with natural growth on existing contracts Bac
Höegh LNG said it has entered into an agreement to sell its wholly owned subsidiary Port Meridian Energy Limited for a consideration of USD 20 million to Meridian Holdings, an entity advised by West Face Capital Inc. and owned by a fund managed by West Face. Port Meridian Energy Limited has develope
NOVATEK held a Board of Directors meeting which unanimously approved the acquisition of a 49% equity stake in ZAO “Nortgas”. All of the necessary corporate approvals have been received to effectively close the deal, as well as receiving the tentative agreement from the Federal Antimonopoly Service o
Novatek of Russia today released its results for the third quarter and nine months ending 30 September. In the third quarter and nine months 2012, total revenues increased by 31.7% and 21.3%, respectively, as compared to corresponding periods of 2011. The growth was due to an increase in hydrocarbon
Enagas of Spain may become the main investor in the construction of the first LNG import terminal in Ukraine, Interfax reported, citing project curator Vitaliy Demyaniuk. “At the first phase Enagas could take part in the project as a major partner of the state,” he said. He also said that in the fut
A culture of work safety based on the values, attitudes and standards of behavior in the field of occupational safety, common to all workers performing works on the construction of the LNG terminal, was introduced and fostered by the Investor – Polskie LNG S.A. together with the Investment’s General
Foster Wheeler AG reported net income for the third quarter of 2012 of $58.2 million, or $0.54 per diluted share, compared with $36.9 million, or $0.31 per diluted share, in the third quarter of 2011. Net income in both quarterly periods was impacted by asbestos-related provisions. Excluding such it
Aberdeen-based HRH Geology is driving forward its ambition to be at the forefront of innovation in the unconventional gas market. It has successfully completed a number of operations, both on and offshore across North West Europe with the Spectra service that demonstrates value in both conventional
Swedish Marine Technology Forum and Clean North Sea Shipping announced the release of the short film “LNG for shipping – or the chicken and egg story”. Liquefied natural gas (LNG) as marine fuel for shipping has been talked about for quite some time, but actual developments have been rather slow so
The emergence of floating liquefaction will drive a significant increase in total global Capex over the forecast period to 2019. While expenditure is expected to increase in the existing regasification market, the liquefaction sector is forecast to dwarf this, as Capex associated with a floating liq
Martek Marine has released Marine Tankscape, a new gas monitoring system for tankers and reefer vessels which removes the need for seafarers taking hand notes on deck by producing a certificate for Port State Control and other inspectors as well as storing the information for download. The new Marin
The UK’s Grain LNG terminal will receive a cargo of liquefied natural gas from Qatar next week, according to shipping data. The cargo is being hauled by the 216,164 cbm Al Sahla tanker, and it is due to arrive at the Grain LNG terminal on November 15. Grain LNG is the UK’s first modern LNG […
Mercuria Energy Group announced that Roger Jones has joined the company in the capacity of Global Head of Non-Oil Trading and a member of the company board. In this new role, Roger will be responsible for the worldwide trading activities in Power and Gas, LNG, Base Metals, Carbon Emissions, Agricult
Leading international classification society, Bureau Veritas, has restructured its marine and offshore activities and made a number of new key appointments. The moves follow the retirement of Bernard Anne from his position as Executive Vice-President and Managing Director of the Marine Division. The
