FLEX LNG announced that the Preliminary Agreement that was executed with Samsung Heavy Industries on 11 April 2011 has been extended until early January 2012. “FLEX LNG will provide further information once additional meetings with Samsung Heavy Industries have been completed in early January 2012.”
A group of Gazprom experts led by Alexander Ananenkov, Deputy Chairman of the Company’s Management Committee made a business trip to the Komi Republic and the Yamal-Nenets Autonomous Okrug aiming to monitor the progress with the Yamal megaproject implementation. During the trip the Company’s staff i
Any tax regime for gas produced at the Shtokman field would probably be similar to the one introduced to the Yamal LNG project, Russian Deputy Finance Minister Sergei Shatalov said today. Shatalov also said that any decision on the introduction of a tax break for the Shtokman project is unlikely to
At a regular meeting of the Board of Directors of OAO Sovcomflot, approval was given to the financial plan (budget) of the Sovcomflot Group of companies (SCF) for 2012, and the production and financial performance forecasts for 2013-2014. The Chairman of Sovcomflot’s Board of Directors Ilya Klebanov
Israel Land Development Energy has signed an agreement with a unit of South Korean Daewoo Shipbuilding & Marine Engineering, ENR, to cooperate in constructing a LNG FPSO for its offshore Myra and Sarah gas fields. Depending on the final gas estimate results, the companies will hold talks on a gas sa
Wood Group, the international energy services company, issues the following pre-close trading update for the year to 31 December 2011. Full year results for the year will be announced on 6 March 2012. Overall, the Group expects to deliver good growth, with performance for the year in line with expec
Russian Gazprom has decided to end its South Stream pipeline in Italy rather than Austria, Reuters reported, citing unnamed company source. The South Stream route will run from the Black Sea to Bulgaria, Serbia, Hungary and Slovenia and then to Italy. The South Stream project is scheduled to become
The Ejnan liquefied natural gas carrier, with a capacity of 145,000 cubic metres, is due to arrive in the Zeebrugge LNG terminal December 22, according to the Port of Zeebrugge website. The Zeebrugge LNG terminal is situated on a 30ha site in the outer port of Zeebrugge, Belgium. It is operated by F
With the opening of a new office in Perth, Kvaerner is boosting its presence in the oil and gas hub of the Asia Pacific region. “I am excited by the opportunities the Australian market represents,” Kvaerner’s president and CEO, Mr. Jan Arve Haugan, said at the opening of the Perth office on December
SGS said it has acquired US engineering and consulting firm Innovative Technical Services (Intech). Intech is a privately held engineering and consulting firm specializing in production allocation modelling to the oil and gas industries. Founded in 2001 and located in New Orleans and Houston, Intech
Saggas has met the established timescales for putting its fourth liquid natural gas (LNG) storage tank into commercial operation. Doing so is the final stage in the successful construction of its new tank, work on which began in 2009 and, with it, the plant’s current storage capacity increases by 33
Fairstar Heavy Transport N.V. (FAIR) has signed a Bridge Loan Facility Agreement with Bank of China. The facility provides financing of the third installment of the construction of the FORTE in accordance with the Terms of Payment in the Shipbuilding Contract. The Bridge Loan Facility will be repaid
Today Fjord1 will have a naming ceremony for MF Boknafjord, the world’s largest gas ferry. The new eco-friendly ferry, delivered by Fiskerstrand BLRT AS, will serve the Arsvågen-Mortavika route on the Boknafjord in Rogaland County, in addition to making sure the Halhjem-Sandvikvåg route in Hordaland
The Al Aamriya LNG carrier, with a capacity of 210,168 cubic metres, is due to arrive in the UK’s Dragon terminal December 21, according to the Milford Haven Port Authority website. BG and Petronas between them have contracted for the full capacity at Dragon LNG’s Milford Haven site over the next 20
