The Trans Adriatic Pipeline (TAP) announced today that it has commenced its Environmental and Social Impact Assessment (ESIA) process in Greece. The submission of its Scoping Report to the Greek authorities comes after similar moves in Albania and Italy earlier this year and will follow the European
Hamworthy plc, a world leader in the design and manufacture of innovative marine and offshore fluid handling systems, announced its preliminary results for the year ended 31 March 2011. Financial Highlights · Revenue decreased by 15.3% to £181.6 million (2010: £214.3 million) · Underlying operating
Statoil and SSE (Scottish and Southern Energy plc) have agreed to enter into a 10 year gas supply agreement to an existing power plant. The companies have signed a heads of agreement for an annual volume of 0.5 billion cubic metres of natural gas, to SSE’s Peterhead gas power plant in Aberdeenshire
Gazprom commissioned the Dzhubga – Lazarevskoye – Sochi gas pipeline Monday. Sochi hosted the celebrations devoted to this event participated by Vladimir Putin, Prime Minister of the Russian Federation, Alexey Miller, Chairman of the Gazprom Management Committee, representatives of construction and
GDF SUEZ has signed a firm and final agreement with the consortium composed by F2i infrastructure fund and AXA Private Equity for the disposal of G6 Rete Gas. The transaction prices the distribution assets at €772 million, which amounts to 103% of the 2010 regulated asset base, 9.3 times the Ebitda
The Zarga LNG carrier, with a capacity of 266,000 cubic metres, is due to arrive in the UK’s South Hook terminal June 14, 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 metres
On Friday 27 May AGA´s first LNG (liquefied natural gas) terminal was officially opened in Nynäshamn, Sweden. ”The opening of the LNG terminal is a very important step for AGA and for the entire Linde Group,” said Jan Bäckvall. ”It marks the turning point from being an industrial gases company to al
Skire, Inc., the leading global provider of cloud-based solutions for managing capital projects, facilities and real estate, today announced that Total S.A. has chosen Skire’s Unifier as the company’s new cost control system for its exploration and production projects. Unifier was selected after a f
Pöyry PLC has sold the oil and gas competence line of its Energy business group to WS Atkins plc, UK. The total debt free sales price is EUR 17.25 million. Pöyry’s outlook for the full year 2011 operating profit before one-offs will not be impacted by the divestment. The transaction includes the sha
At the end of the acceptance period on 1 June, the acceptance rate for the tender offer from Engine Holding GmbH – the joint venture between Daimler AG and Rolls-Royce Holding plc – comes to 58.35 percent of shares in Tognum AG. Including transactions outside of the tender offer, the bidder has acqu
Golar LNG Limited announced that World Shipholding, which is indirectly controlled by trusts established by John Fredriksen for the benefit of his immediate family, has extended its TRS agreements relating to 200,000 shares in the Company. John Fredriksen is Chairman of the Board, President and Dire
Statoil ASA has decided to divest a 24.1% direct and indirect stake in Gassled joint venture (jv) for a consideration of NOK 17.35 billion. Following this transaction, Statoil will continue to own 5.0% in the jv. The buyer is Solveig Gas Norway AS, a holding company that is approximately 45% owned b
Mr. A. Zagorovskiy (image), Chief Executive Officer of the Shtokman Development AG (SDAG) and Mr. R. Trotsenko, President of the Unified Shipbuilding Corporation (USC) signed the Cooperation Agreement on June 2, 2011 in Moscow. According to the Agreement SDAG and USC acknowledge their intentions to
Gazprom is preparing 25-year contracts on supply of 7.5 million tons of LNG annually to three Indian energy companies. The annual volume cov… (barentsobserver) [mappress] Source: barentsobserver, June 3, 2011;
