Milford Haven Port Authority (MHPA) has announced the appointment of three new board members. It is expected their experience will encourage more investment into Pembrokeshire, in line with the Port’s aim to boost economic prosperity on the Haven and for Wales. The three new non-executive members of
Repsol posted a net income of 1.796 billion euros in the first nine months of the year a 5.5% decline from the year-earlier period. At current cost of supply (excluding the change in value of the oil inventories that the company stocks as part of Spain’s strategic reserve) Repsol’s net income was 1.
The representatives of Yamal LNG shareholders – Novatek and Total – evaluated the status of the Yamal LNG project, notably, implementation of the pre-FID (final investment decision) activity plan, Novatek said in a statement. The shareholders highly appreciated the achieved results and the progress
Novatek of Russia said it has concluded an agreement to acquire a 49% equity stake in ZAO Nortgas from R.E.D.I. HOLDINGS for $1,375 million. The transaction is expected to close by year-end 2012. Nortgas holds the hydrocarbon production license for the Severo-Urengoyskoye field, located in the Nadym
Gas Natural Fenosa of Spain said its profit for the first nine months of 2012 was 1.115 billion euros, 0.1% more than for the same period last year, despite lower earnings than in 2011 from the sale of assets. Net profit grew by 22.8% adjusting for capital gains and losses on the disinvestments made
STX Offshore & Shipbuilding shipyard on Sunday hosted a keel-laying ceremony for the LNG carrier “Veliky Novgorod” for Sovcomflot (SCF Group) of Russia. The order for two LNG carriers was placed with the South Korean shipyard under a long-term charter agreement with Gazprom Global LNG. The vessel de
Turkey does not plan to reduce imports of natural gas from Iran, Turkey’s Energy Minister, Taner Yildiz announced. “Turkey does not plan to reduce gas supplies from Iran, as the EU sanctions against Iran will not cover existing contracts,” Yildiz said. Iran and Turkey signed a 25 year agreement to s
First supply of natural gas passes through NEL (Nordeuropäische Erdgasleitung) pipeline. NEL connects the towns of Lubmin, where Nord Stream gas arrives from Russia, to Rehden in Lower Saxony. The distance between the two locations is 440 km. 20 billion cubic meters of “blue fuel” will pass through
STX Finland Oy’s Rauma Shipyard started the production of next generation offshore patrol vessel to be built for the Finnish Border Guard. The start of production at the Rauma Shipyard was carried out following traditions. Chief of the Finnish Border Guard, Lieutenant General Jaakko Kaukanen pressed
During a meeting between Grażyna Piotrowska-Oliwa, President of the Management Board of PGNiG SA, and Alexander Medvedev, Deputy Chairman of the Management Committee of Gazprom S.A., an agreement was reached concerning a change in pricing terms of the contract for gas supplies to Poland. Under an an
BG Group said it has completed the previously announced transaction to sell the Group’s entire 60.1% holding in Comgás for a consideration of Brazilian reais 3.4 billion, or approximately $1.7 billion, to Cosan S.A. Indústria e Comércio. In addition, debt on the BG Group balance sheet has been reduc
Peru LNG shipped a liquefied natural gas cargo to Spain on November 2, according to PeruPetro S.A. The cargo is being hauled by the Barcelona Knutsen, a 173,400 cubic-meter tanker, operated by Knutsen OAS Shipping, and it is due to arrive at El Ferrol LNG terminal on November 26. The Peru LNG Projec
BOC, the UK’s largest supplier of compressed and liquefied gases, is helping the logistics specialists Stobart Group to quantify the benefits of low-carbon Liquefied Natural Gas (LNG) as fuel for its fleet of heavy goods vehicles. The two organisations are taking part in a £23 million programme coor
Alexey Miller, Chairman of the Gazprom’s Management Committee, and Sauat Mynbayev, Oil and Gas Minister of the Republic of Kazakhstan, discussed a wide range of issues associated with cooperation between Russia and Kazakhstan in the oil and gas sector, at a meeting held at Gazprom’s headquarters. Pa
