Repsol of Spain in the first quarter of the year posted net income of 643 million euros, 12.4% higher than the 572 million euros reported in the year earlier period. Including YPF, quarterly net profit rose to 792 million euros, an improvement of 3.5% from 765 million euros the previous year. The im
E.ON AG has made a successful start to 2012. The Düsseldorf-based energy company put in a positive first-quarter performance, increasing its EBITDA by 9 percent year on year to around €3.8 billion and its underlying net income by 27 percent to around €1.7 billion. “As we described in March, we’re no
Belgium’s Zeebrugge liquefied natural gas terminal is expected to receive a cargo of LNG on May 24, according to shipping data. The RasGas Asclepius LNG tanker, with a capacity of 145,ooo cbm, is sailing from Ras Laffan, Qatar. The Zeebrugge terminal is operated by Fluxys LNG and has an annual throu
RasGas of Qatar announced that it achieved yet another successful milestone when the first Q-Flex vessel delivered Liquefied Natural Gas (LNG) at the Barcelona LNG receiving terminal, Spain. It is not only the first RasGas Q-Flex vessel to discharge LNG at the Barcelona LNG receiving terminal but, i
The extraordinary general meeting of Fluxys yesterday decided to change the name of the company to Fluxys Belgium. The new name clarifies the company’s field of activity. For the same reason, parent company Fluxys G yesterday changed its name to Fluxys. Parent company Fluxys coordinates the strategy
The Al Mafyar liquefied natural gas tanker, with a capacity of 266,000 cubic metres, is due to arrive in the UK’s South Hook terminal from Qatar on May 15, 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 d
Aker Solutions’ operating revenues in the first quarter of 2012 were NOK 9.8 billion, a 15.7 per cent increase from the first quarter of 2011. Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to NOK 1 002 million with a margin of 10.2 per cent. The positive trend has co
Belgium’s Zeebrugge liquefied natural gas terminal received a cargo of LNG onboard the 65,000 cbm LNG Portovenere today, according to shipping data. The Zeebrugge LNG terminal is situated on a 30ha site in the outer port of Zeebrugge, Belgium. It is operated by Fluxys LNG and has an annual throughpu
Ukraine is ready to participate in the construction of the Trans-Anatolian gas pipeline from Azerbaijan through Turkey to Europe. Ukraine wants to “both make a financial contribution and provide pipes and compressor stations,” said Ukrainian Prime Minister Mykola Azarov during the meeting with Turki
Wärtsilä, the marine industry’s leading total solutions provider, has been contracted to supply a complete power system, including two of its 6-cylinder Wärtsilä 20DF dual-fuel medium-speed engines, for a new dry cargo inland waterway vessel. This order extends the benefits of gas fuelled operation
Statoil’s first quarter 2012 net operating income was NOK 57.9 billion, a 14% increase compared to NOK 50.8 billion in the first quarter of 2011. “Statoil grew production by 11% and realised high oil and gas prices in the first quarter of 2012, generating strong financial results for the period. Pro
AF Group said it has been awarded a contract by Statoil Petroleum AS for civil works of maintenance and modifications at Hammerfest LNG. The contract contains maintenance and modifications for civil works at Hammerfest LNG. Construction will commence in May 2012 with expected completion in May 2016.
Statoil and Rosneft signed a cooperation agreement to jointly explore offshore frontier areas of Russia and Norway and to conduct joint technical studies on two onshore Russian assets. Rosneft president Eduard Khudainatov and Statoil president and CEO Helge Lund signed the agreement, in the presence
The Mekaines LNG carrier, with a capacity of 266,000 cubic metres, is due to arrive in the UK’s South Hook terminal from Qatar on May 12, 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 billi
