Wärtsilä Corporation today announced third quarter 2011 results. THIRD QUARTER HIGHLIGHTS – Order intake increased by 11% to EUR 1,118 million (1,004) – Order intake in joint venture companies grew significantly, EUR 182 million (68) – Net sales decreased 18% to EUR 851 million (1,039) – Operating r
British prompt gas prices rose to fresh seven-month highs on Tuesday, extending gains as colder weather is expected to drive up gas… (reuters) [mappress] Source: reuters, October 18, 2011
Elengy, a GDF SUEZ Group company that has operated LNG terminals since 1965, has pledged to support the French national maritime rescue organisation (SNSM) lifeboat stations at Côte d’Amour and Carro, which are situated near its LNG terminals at Montoir-de-Bretagne (Loire-Atlantique) and Fos-sur-mer
The Gazprom headquarters hosted yesterday a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Sergey Rumas, Deputy Prime Minister of the Republic of Belarus. The parties are finishing coordination of the contract provisions stipulating Russian gas supplies and
Record liquefied-petroleum-gas shipments are eroding a glut of the tankers hauling the fuel used in stoves, cars and lighters… (bloomberg) [mappress] Source: bloomberg, October 18, 2011
DONG Energy and Shell UK have signed a Sales and Purchase Agreement to acquire Shell Gas Direct for GBP 30 mill. equivalent to approximately DKK 260 million. The acquisition will be completed in the coming months and DONG Energy will acquire 100% of the shares of Shell Gas Direct. With an annual sup
Wintershall, Germany’s largest crude oil and natural gas producer, launched its first gas production as operator in the British North Sea last Sunday with the Wingate platform. The platform in the British offshore concession 44/24b will initially produce 1.5 million cubic meters of natural gas. A se
Russian Prime Minister Vladimir Putin has told his Japanese counterpart Yoshihiko Noda that Moscow hopes to advance energy cooperation… (platts) [mappress] Source: platts, October 17, 2011
Gazprom CEO Alexey Miller met with Eni CEO Paolo Scaroni today at Gazprom headquarters. The two participants examined the ongoing situation and the prospects of cooperation development in the oil & gas sector. In particular, they discussed the realization of the gas pipeline South Stream and the fut
British prompt gas prices surged to a seven-week high on Monday as colder weather is expected to drive up gas demand this week and nuclear… (reuters) [mappress] Source: reuters, October 17, 2011
Poland’s gas monopoly PGNiG is looking to invest in a new refinery which would enable it to process eventual shale gas flows. (Warsaw Business Journal) [mappress] Source: Warsaw Business Journal, October 17, 2011
A ground breaking report published by the maritime cleantech market insight firm MEC Intelligence estimates more than 5% of the world fleet will adopt LNG propulsion by 2020 a huge growth considering less than 100 vessels presently. Best Option for Newbuilds Strict environment regulations requiring
OAO Gazprom has asked Russian Prime Minister Vladimir Putin not to apply transfer-pricing controls to the gas export monopoly’s… (bloomberg) [mappress] Source: bloomberg, October 17, 2011
The I.M. Skaugen Group (IMSK) announced third quarter 2011 results. The pre-tax result for 3Q11 was negative USD2 mill compared to zero result for 3Q10. The result of the 3Q11 on an EBITDA basis was USD8.4 mill compared to USD7.9 mill for the 3Q10. The pre-tax result was negative USD6 mill YTD 3Q11
