Centrica, the parent company of British Gas, and Statoil signed an extension to their Memorandum of Understanding (MoU) to collaborate on gas-focussed exploration opportunities in Norway and the UK. The original MoU, which was signed in November 2011, has already resulted in the companies bidding jo
SCF Sovcomflot of Russia said that its net profit in the first quarter rose 36.3% on year to USD 45.4 million. Q1 2012 Highlights: • Gross revenue up 14.4% to USD 394.9 million (Q1 2011: USD 345.1 million). • Grand Aniva gas carrier completes the 500th delivery of LNG for Sakhalin-2 project, via the
NOVATEK of Russia announced today that the company’s Board of Directors unanimously approved a buyback program in respect of ordinary shares of NOVATEKand/or Global Depositary Receipts representing Shares (each GDR representing 10 Shares) in the aggregate amount of up to 600 million US dollars. The
UK’s Grain LNG terminal will receive a cargo of liquefied natural gas this week, according to shipping data. The cargo is being hauled by the 126,000 cbm Ramdane Abane tanker and it is due to arrive at the Grain LNG terminal on June 10. Grain LNG is the UK’s first modern LNG facility and can hold [&
The newly developed electric drive rope winch by ZOLLERN is employed for the first time as part of a highly sophisticated mobile drilling system used to drill down to a depth of 5 kilometres for gas resources. For the first time, ZOLLERN uses an asynchronous motor developed inhouse and specially des
Portugal’s Port of Sines is scheduled to receive a shipment of LNG from Qatar on June 12, according to the Port of Sines website. The Al Deebel LNG tanker, with a capacity of 145,700 cubic metres, is sailing from Port of Ras Laffan. The terminal is held by REN Atlântico and has a nominal send out [&
FluxSwiss and GRTgaz launch a binding open season following positive market response to the project for creating reverse flow capacity from Italy to France through Switzerland. The project presents the community of shippers with the opportunity to benefit from a bi-directional link between the Itali
Peru LNG shipped a cargo of liquefied natural gas to Spain yesterday, according to PeruPetro S.A. The cargo is being hauled by the Sevilla Knutsen, a 173.400 cubic-meter tanker operated by Knutsen OAS Shipping. The Peru LNG project includes two parts: an LNG plant with a marine terminal from which L
Elengy, a GDF Suez unit, said that with the arrival of the vessel LNG Rivers from Nigeria on June 3, the LNG terminal in Montoir-de-Bretagne received its 2500th shipment of LNG from its commissioning in 1980. These 2 500 shipments, originated from 11 countries, have been delivered safely by 100 diff
DNV has developed a simulation model using global shipping data and technology specific information to predict the deployment of emission reduction and energy efficiency technologies up to 2020. The results show that high fuel costs will result in a drive towards more energy efficient ships ahead of
Gazprom’s CEO Alexey Miller, and Peter Voser, Chief Executive Officer of Royal Dutch Shell, met yesterday in Kuala Lumpur within the 25th World Gas Conference. “The parties discussed bilateral cooperation in the energy sector,” Gazprom said in a statement. “Alexey Miller and Peter Voser highlighted
Alexey Miller, Chairman of the Gazprom Management Committee met today in Kuala Lumpur with Marcel Kramer, Chief Executive Officer of South Stream Transport AG. The meeting was held as part of the 25th World Gas Conference. The CEO’s discussed the progress with the South Stream project as well as the
Naftogaz of Ukraine said it has paid to Gazprom of Russia about $628 million for gas imported in April. The price of the natural gas, imported in second quarter 2012, amounts about 425 USD per 1000cm and was calculated with 100 USD per 1000cm discount in accordance with the terms of additional agree
SMM concluded a project with a value of 19 million euros at the Liquefied Natural Gas (LNG) REN Terminal, in Sines. The Terminal expansion foresaw a storage capacity increase, with the erection of one cryogenic tank for LNG, with a capacity of 150.000 m3, as well as the send out capacity increase, w
