Saint Petersburg hosted a meeting between Alexey Miller, Gazprom’s CEO and Christophe de Margerie, CEO of Total. The meeting discussed the main issues of Phase 1 implementation at the Shtokman field and, inter alia, the scope of work over a period until the Final Investment Decision is made. The Sht
Maersk of Denmark said that its revenue for 2011 increased by 7% to USD 60.2bn (USD 56.1bn), positively affected by higher oil prices and container volumes but offset by lower container freight rates. Profit was USD 3.4bn (USD 5.0bn) and thus in accordance with the latest announced outlook of USD 3.
Golar LNG Limited said that the company has entered into firm contracts with Samsung Heavy Industries for a further two LNG carriers. The two additional vessels, each with a capacity of 160,000cbm have a combined total cost of slightly above $400 million. The first of the carriers is scheduled for d
The latest LNG cargo to be loaded at Norway’s Hammerfest liquefied natural gas terminal has been dispatched to the Rotterdam Port, Netherlands, according to shipping data. The 140,000 m3 Arctic Voyager departed Hammerfest yesterday, and is expected to arrive at the Dutch Gate terminal on March 2. Th
UK’s Grain LNG terminal will receive a cargo of liquefied natural gas from Qatar today, according to shipping data. The cargo is carried by the 217,000 cbm Al Huwaila tanker. Grain LNG is the UK’s first modern LNG facility and can hold almost 1 million cubic metres of liquefied natural gas in store.
CB&I reported net income for the fourth quarter of $70.5 million, versus $63.2 million in 2010. Revenue for the quarter was $1.3 billion, with new awards of $772.4 million. For the full-year, net income was $255.0 million. CB&I’s consolidated 2011 revenue was $4.6 billion, up 25% over 2010. Cash and
A joint seminar of the American Bureau of Shipping (ABS), Russian Maritime Register of Shipping (RMRS) and Gazprom Marketing and Trading on Gas Fuelled Ships will be held in St.Petersburg today. The concept of the use of Methane as a main propulsion fuel on non-LNG vessels has been a matter of indu
The Trans Adriatic Pipeline said it has started a nearshore survey north of Vlore in south-eastern Albania. The purpose is to collect samples of the seabed soil near the Albanian coast along the planned route of the natural gas pipeline, which plans to bring Caspian gas to southern Italy, TAP said.
International FPSO moorings and marine engineering services business, Sigma Offshore, has added new impetus to its growth plans by appointing an experienced industry figure to head up one of its key service areas. Geir Eik has become Vice-President Internal Turret Systems at Aberdeen-headquartered S
Foster Wheeler AG today reported net income for the fourth quarter of 2011 of $39.2 million, compared with $32.8 million in the fourth quarter of 2010. Net income in both quarterly periods was impacted by asbestos-related provisions. Excluding such items from both quarterly periods, net income in th
UK’s Department of Energy and Climate Change (DECC) said in a report that UK produced gas accounted for 54 per cent of inputs to UK transmission systems in 2011, but imports exceeded UK production for the first time. Net import dependency increased to 48 per cent, DECC said. However, despite lower U
Gazprom’s CEO Alexey Miller, reported yesterday to Russian President Dmitry Medvedev on the progress with the South Stream project. “It is a very timely project. Besides the evident growth in gas transit reliability, it will considerably enhance our capabilities to flexibly adapt to changes of deman
Snam and Fluxys G said that they have reached an agreement to acquire Eni’s stakes in Interconnector (UK), Interconnector Zeebrugge Terminal and Huberator. This joint acquisition, to which Snam and Fluxys G are to contribute 50% each, is a first important milestone in pursuing the aim of an integrat
Belgium’s Zeebrugge liquefied natural gas terminal is expected to receive a cargo of LNG on March 8, according to port data. The Al Utouriya LNG tanker, with a capacity of 216,203 cbm, is sailing from Ras Laffan, Qatar. The Zeebrugge terminal is operated by Fluxys LNG and has an annual throughput ca
