The Gazprom Group considers possibilities to appeal against the decision made by the arbitration court in Vienna that refers to the fulfillment of the take-or-pay clauses of the contract for gas supply to Czech Republic, concluded earlier with the RWE Transgas. In this connection the company will ta
With the acquisition of 100% of International Power, and as part of the GDF Group’s global rebranding policy, since October 19 the International Power name has changed to the GDF SUEZ brand. “International Power” is now ”GDF SUEZ Energy International.” The change in brand also applies to the six maj
Total of France expects a final investment decision on Russia’s Yamal LNG Project to be made next year. The decision was first anticipated by the end of this year. Head of gas and power at Total, Philippe Sauquet, said at gas and electricity conference in Paris : “We anticipate to be in a position t
The Bovanenkovo oil and gas condensate field hosted celebrations dedicated to launching commercial gas production in the new large gas-bearing region – the Yamal Peninsula. First startup complexes of the Bovanenkovo field and the Bovanenkovo – Ukhta gas trunkline systems are commissioned. The celebr
Technip today announced its third quarter 2012 results. Highlights Order intake of €2.8 billion Record backlog of €13.5 billion, of which €6.1 billion in Subsea Revenue of €2.1 billion Operating margin1 of 10.3% Net income of €146 million Full Year 2012 Ooutlook Group revenue towards €8.0 billion (f
Shell said that it has signed a deal with Hess Corporation to acquire its interests in the Beryl area fields and the Scottish Area Gas Evacuation System, for US$ 525 million. The Beryl Area includes 12 fields located on the UK Continental Shelf. The fields are operated by Apache and with the acquisi
Enagás reported net profit of €281.4Mn for the first nine months of 2012, up 3.9% on the €270.8Mn obtained in the same period in 2011. This is in line with the target to maintain net profit for the year similar to the 2011 figure. Like-for like operating expenses grew just 0.9% vs. the same period [
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Dmitry Kobylkin, Governor of the Yamal-Nenets Autonomous Area was held yesterday at the Bovanenkovo oil, gas and condensate field. During the meeting, the parties underscored the successful development of the b
Port of Sines in Portugal is scheduled to receive a shipment of LNG from Nigeria on October 30, according to the Port of Sines website. The 149.600 cbm LNG Borno tanker is sailing from Nigerian Bonny terminal. The terminal is held by REN Atlântico and has a nominal send out capacity of 600,000 cubic
Following discussions during the St. Petersburg Economic Forum in June 2012 Gazprom Export and Gasunie signed a Memorandum of Understanding on cooperation in the field of development of small scale LNG. The Memorandum was signed by Alexander Medvedev, General Director of “Gazprom Export LLC” and Pau
Klaipedos Nafta of Lithuania, which is implementing an LNG terminal project in the Baltic country, said in a statement that Regional Environmental Protection Department of Klaipeda by the Ministry of Environment of the Republic of Lithuania yesterday granted development consent on construction and a
Today Joep Athmer, the Director of Van Oord Offshore and Member of Offshore Energy Committee of Recommendation wished a warm welcome to the visitors of the Offshore Energy Conference and Exhibition 2012 on behalf of Navingo. The exhibition is being held in Amsterdam RAI for the second time in a row
Led by Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee and Head of the Coordinating Committee a meeting of the Gazprom Coordinating Committee for Environmental Protection and Energy Efficiency took place recently at the Gazprom headquarters. Taking part in the meeting were Membe
Peru LNG shipped a cargo of liquefied natural gas to Spain on October 20, according to PeruPetro S.A. The cargo is being hauled by the 153,600 cubic-meter STX Frontier, owned by STX Pan Ocean. The Peru LNG Project includes two parts: an LNG Plant with a Marine Terminal from which LNG is sent oversea
