Gazprom and Petrovietnam State Oil and Gas Corporation held the fourth meeting of the Joint Coordinating Committee (JCC) aimed at implementing the Strategic Partnership Agreement between the companies. The meeting was moderated by the JCC Co-Chairmen: Vitaly Markelov, Deputy Chairman of the Gazprom
Repsol of Spain identified in its 2012-2016 Strategic Plan different options to reinforce its financial structure and liquidity position. Some of these alternatives have already been materialized, such as the start of the Flexible Dividend program and the sale of 100% of Repsol Butano Chile for appr
Golar LNG Partners announced that it has completed its acquisition of interests in the companies that own and operate the floating storage and regasification unit (FSRU) Nusantara Regas Satu from Golar LNG Limited for a purchase price of $385 million. The Partnership financed the acquisition with th
Portugal’s Port of Sines is scheduled to receive a shipment of LNG from Nigeria on July 28, according to port data. The cargo is being hauled by the Seri Angkasa LNG tanker, with a capacity of 145,000 cubic metres, operated by MISC. The terminal is held by REN Atlântico and has a nominal send [&hell
OceanSaver’s ballast water treatment (BWT) system has been chosen for two 162,000 cbm LNG carriers being built by BW Gas. OceanSaver was selected due to its competitive pricing, low operating costs, and compatible technical system. BW Gas is one of the largest independent owners and operators of LNG
Wood Group announced today a number of Board changes that will become effective 1 November 2012. * Chairman, Sir Ian Wood, will retire as Chairman and from the Board. Sir Ian has been Chairman since 1982 and was CEO from 1967 to 2006 * CEO, Allister Langlands, will become Chairman. Allister has been
The Minister for Public and Commuter Transport, Alan Kelly, TD, has officially announced Bus Éireann’s trial of the country’s first natural gas-powered bus in a move that may help reduce fuel costs and benefit the environment. The natural gas-powered city bus is operating across a number of city rou
Members of the Energy Cluster Valencia (CECV), led by their president Francisco Segura, have visited the Sagunto regasification plant to meet more fully the characteristics of the infrastructure and explore possible synergies between the companies cluster. In the tour of the installations, have been
LNG giant Shell said that it has decided not to revise its takover offer for Cove Energy which owns an 8.5 percent stake in the Rovuma licence off the coast of Mozambique containing gas discoveries that could be a major provider of LNG to Asia in future. “Shell Bidco has decided not to revise its [&
GDF SUEZ of France recently concluded a double-tranche bond issue for 1.5 billion Euro: € 0.75 billion, maturing in July 2017, with a 1.5% coupon € 0.75 billion, maturing in July 2022, with a 2.625% coupon The average coupon of the issue is just above 2% and the average maturity is 7.5 years. It was
Eni of Italy announced that it has concluded the sale of 178,559,406 shares equal to 5% of share capital of Snam S.p.A, corresponding to 5.28% of the voting shares. The total consideration amounted to 612.5 million euro. The deal, carried out through an accelerated bookbuilding procedure aimed at It
Wärtsilä Corporation announced its interim report for the first half of 2012. Second quarter highlights Order intake increased 2% to EUR 1,198 million (1,170) Net sales increased 6% to EUR 1,099 million (1,036) Operating result EUR 113 million or 10.3% of net sales (EUR 117 million and 11.3%) Earnin
The I.M. Skaugen Group achieved a negative pre-tax result for 2Q 2012 of USD5.1 mill, down from a small profit of USD0.1 mill in 1Q 2012. EBITDA increased to USD6.6 mill for 2Q 2012 compared to USD5.3 mill in 1Q2012. For 1H 2012 the pre-tax result was a loss of USD5.1 mill, down from a […]
Statoil of Norway today said that the Hammerfest LNG plant is still shut and there was no sign of output resuming for the moment, according to Platts. The company’s Spokesman Ola Anders Skauby, said: “It is still down and we do not have any estimates on when it will be coming back up again.” The [&h
