Norwegian marine transportation company I.M. Skaugen SE said it is considering a new senior unsecured bond issue with final maturity in February 2015. The contemplated bond issue will have a minimum issue amount of NOK 300 million. Net proceeds from the contemplated bond issue will be used to refina
GDF SUEZ continued to report solid results for 2011, with EUR 90.7 billion in revenues, up +7.3% despite highly unfavorable weather conditions and the gas tariff freeze in France. EBITDA grew by +9.5% thanks to the contribution of International Power from February 2011, the commissioning of new asse
BG Group today issued its Annual Strategy update after posting its 2011 results. BG Group’s Chief Executive Sir Frank Chapman said: “The outlook for global gas and LNG demand is strong. BG Group is well set to capitalise on these opportunities and is making good progress with delivering its plans.”
The Mozah LNG carrier, with a capacity of 266,000 cubic metres, is due to arrive in the UK’s South Hook terminal on February 16, 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 billion cubic
BG Group plc today reported total operating profit of $8.2 billion for 2011. 2011 Key Points • Total operating profit up 19% to $8.2 billion • Strong cash flow from operations, up 17% to $9.8 billion • Full year dividend increased by 10% to 23.76 cents per share (14.82 pence per share) • Significant
Norway’s Höegh LNG said that it has issued 22,641,509 new shares, and that the private placement the company announced last week has been completed. The new shares have been lissued and fully paid, Höegh LNG said in a statement. The new shares will be delivered to Leif Höegh & Co Limited (LHC) as se
OAO NOVATEK and the Administration of the Tyumen region have signed a Cooperation Agreement for the period from 2012 to 2015. The Agreement was signed by the Chairman of NOVATEK’s Management Board, Leonid Mikhelson, and the Region’s Governor, Vladimir Yakushev. In accordance with the Agreement and t
BG Group today said that it has appointed Vivienne Cox as a Non-Executive Director. Commenting on the appointment, BG Group Chairman Sir Robert Wilson said: “I am delighted to welcome Vivienne on to the BG Group Board. Vivienne’s extensive experience and expertise, across many facets of the global e
Belgium’s Zeebrugge liquefied natural gas terminal is expected to receive a cargo of LNG on February 15, 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
The London-listed shipbroker Braemar Seascope, said in a statement that Debbie Turner from its LNG division will be leaving the company in the near future. Debbie has been involved with the group for over 30 years formally with Burness Marine, which was acquired by Braemar in 1999, and thereafter co
Statoil’s fourth quarter 2011 net operating income was NOK 60.7 billion, a 42% increase compared to NOK 42.8 billion in the fourth quarter of 2010. In 2011, net operating income was NOK 211.8 billion compared to NOK 137.3 billion in 2010. “Statoil delivered record financial results, further improved
Spain’s Bilbao import terminal is scheduled to receive a shipment of LNG from Trinidad and Tobago on February 12, according to shipping data. The Hispania Spirit liquefied natural gas carrier, with a capacity of 141,000 cubic metres, is sailing from Point Fortin terminal in Trinidad and Tobago, Bilb
Vilnius hosted a working meeting between Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Andrius Kubilius, Prime Minister of the Republic of Lithuania. The meeting addressed the issues regarding the application of the Third Energy Package provisions to Lietuvos Dujos , th
Gate LNG terminal said in a statement today that flow rate from the terminal has reached million m3 per hour. The severe cold has sharply increased the demand for natural gas in Europe resulting in Gate delivering huge volumes of gas into the Dutch grid for its customers. This is the first time the
