BG Group announced a new 5-year $3 billion syndicated committed credit facility which replaces $2.3 billion of expiring bilateral committed credit lines. The execution of this new revolving credit facility was coordinated by Bank of America Merrill Lynch and HSBC Bank plc and it includes a diversifi
Qatargas has been awarded the prestigious “Award for Excellence in Flaring Reduction” by the World Bank led Global Gas Flaring Reduction Partnership (GGFR) at a high-profile gala ceremony in London. The World Bank led initiative, the GGFR, is a globally recognized flare mitigation program within the
MAN Diesel & Turbo has won the contract to supply the engines for two Greek LNG carriers. The installation of the MAN 51/60DF dual-fuel engines aboard the newbuildings represents an important first such reference for the company in the segment. The configuration for the new order covers 2 × 9L51/60D
UK’s South Hook LNG terminal is expected to receive another 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 November 12. The South Hook terminal can proc
Cheniere Energy reported a net loss of $109.0 million for the three months ended September 30, compared to a net loss of $53.9 million for the comparable 2011 period. For the nine months ended September 30, Cheniere reported a net loss of $238.5 million, compared to a net loss of $140.9 million duri
Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee paid Wednesday a working visit to the Republic of Hungary. Leonid Chugunov, Head of the Project Management Department also joined the trip. As part of the visit a meeting was held with Csaba Baji, Chairman and Chief Executive Of
The Shagra LNG carrier, with a capacity of 266,000 cubic metres, is due to arrive in the UK’s South Hook terminal from Qatar on November 9, according to the Milford Haven Port Authority website. The South Hook terminal can process 15.6 million tonnes of LNG a year and is capable of delivering 21 bil
Russian gas giant Gazprom issued its financial results for the six months ended June 30, 2012. Net sales of gas decreased by RUB 228,150 million, or 15%, to RUB 1,244,126 million in the six months ended June 30, 2012 compared to the six months ended June 30, 2011. For the six months ended June 30, 2
Golar LNG Partners said that it plans to offer 4,300,000 common units representing limited partner interests in a public offering. In addition, Golar LNG Limited has agreed to purchase directly from Golar Partners in a private placement, $46.5 million of common units, such private placement to close
Aker Solutions’ operating revenues were NOK 11 158 million in the third quarter of 2012. Year-to-date revenues are 32 per cent higher than in the first nine months of 2011. Quarterly earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to NOK 1 122 million with a margin of
Golar LNG Limited said that it has entered into an agreement to sell the companies that own and operate the LNG Carrier Golar Grand, together with its time-charter, to Golar LNG Partners for a price of USD265 million. The Company expects to reinvest a significant part of the net proceeds received fr
The Milaha Qatar liquefied natural gas carrier, with a capacity of 145,602 cubic metres, is due to arrive in the Zeebrugge LNG terminal from Qatar on November 16, according to port data. The Zeebrugge LNG terminal is situated on a 30ha site in the outer port of Zeebrugge, Belgium. It is operated by
ClassNK has, for the first time, held ClassNK PrimeManagement seminars in Europe. The seminars convened in Constanta, Romania, on 24 October and in Split, Croatia, on 26 October 2012. More than 70 participants attended each event. Croatia and Romania are among the leading suppliers of seafarers to t
Rosneft and INTER RAO UES have concluded a contract on the supply of up to 875 billion cubic metres of gas. The contract envisages annual supplies of up to 35 bcm of Rosneft-produced gas to the power plants of INTER RAO – Electric Power Plants (or any other INTER RAO UES power plants) beginning on [
