On 24 July, the European Commission issued a decision on the approval of co-funding in the amount of approx. 175 mln PLN for the project of constructing the Gustorzyn-Odolanów gas pipeline. The next decision of the Commission, issued on 26 July, approved the award of aid for the construction of the
Foster Wheeler today reported net income for the second quarter of 2012 of $30.9 million, compared with $63.3 million, in the second quarter of 2011. Net income in both quarterly periods was impacted by asbestos-related provisions. Excluding such items from both quarterly periods, net income in the
Today, residents living adjacent to a liquefied natural gas plant and oil and gas export terminals on Sakhalin Island, Russia, filed a complaint against Royal Dutch Shell and three of the largest UK banks: Royal Bank of Scotland (RBS), Standard Chartered, and Barclays, for their failure to adhere to
UK’s South Hook liquefied natural gas terminal is expected to receive a cargo of LNG from Qatar next week, according to the Milford Haven Port Authority website. The Umm Slal LNG tanker, with a capacity of 266,000 cbm, is due to arrive on August 6. The South Hook terminal can process 15.6 million to
BP today reported its quarterly results for the second quarter of 2012. Underlying replacement cost profit for the quarter, adjusted for non-operating items and fair value accounting effects, was $3.7 billion, compared with $5.7 billion for the same period in 2011 and $4.8 billion for the first quar
Gazprom Marketing and Trading Singapore, a unit of Russia’s Gazprom and PetroVietnam have signed a memorandum of understanding on deliveries of Russian LNG to Vietnam, Gazprom said in a statement. The MoU was signed yesterday during a visit by Truong Tan Sang, President of the Socialist Republic of
Exmar reported the provisional results for the second quarter and first semester 2012. The company had an operating result (EBIT) of USD 52.7 million for the first semester 2012 (USD – 11.6 million for the first semester 2011). The financial result has been negatively influenced by the change in fai
Vanzetti announced that their fourth Italian L-CNG refueling station has opened to the public on Friday the 20th of July. Achieved with Vanzetti cryogenic technology and components, the station is located in Tortona (AL), Piedmont – very close to A21 motorway, it is 70 km south of Milan. Key feature
Belgium’s Zeebrugge liquefied natural gas terminal is expected to receive a cargo of LNG from Qatar next week, according to port data. The Simaisma LNG tanker, with a capacity of 145,800 cbm, is due to arrive on August 6. The Zeebrugge terminal is operated by Fluxys LNG and has an annual throughput
Centrica plc, the parent company of British Gas, welcomed the announcement from the Government on the shallow water gas field allowance, an important step forward in ensuring that the UK can maximise the potential of its natural resources in the North Sea. The allowance will enhance the economics of
UK’s South Hook LNG terminal is expected to receive a cargo of LNG on August 2, according to the Milford Haven Port Authority website. The Al Mayeda LNG tanker, with a capacity of 266,oo0 cbm, is sailing from Ras Laffan, Qatar. The South Hook terminal can process 15.6 million tonnes of LNG a year an
Statoil has declared its option for one year extended period for the Time Charter party with Eidesvik Offshore for the environmental friendly LNG powered PSV Viking Queen, Eideswik said in a statement. The extended period starts primo November 2012. Statoil has further one yearly option on this cont
The government representative for the Valencian Community, Paula Sánchez de León; the regional minister for Economy, Industry and Commerce, Máximo Buch; the mayor of Sagunto, Rafael Aznar; and the director-general for Energy, Antonio Cejalvo, visited the Saggas regasification plant. Accompanied by i
Total of France said its adjusted net income was 2,858 M€ in the second quarter 2012 compared to 2,794 M€ in the second quarter 2011, an increase of 2%. Hydrocarbon production was 2,261 thousand barrels of oil equivalent per day (kboe/d) in the second quarter 2012, a decrease of 2% compared to the s
