BG Group plc today reported its 2011 First Quarter Results. First Quarter Key Points • Higher UK North Sea tax reduces earnings by $265 million • LNG operating profit for 2011 expected towards upper end of $1.9 to $2.2 billion range • Significant progress on long-term growth programme • Positive app
Transeuro Energy Corp. issues and update on its Ukraine operations as follows: Operations are now underway for ‘Test 3&4 combined’ to complete the testing programme on the Karl-101 well. The C12 and C13 intervals will be tested together including 41m of perforations in the C12 over the interval 3,10
Nordic Paper, the world’s largest manufacturer of greaseproof paper, has decided to choose natural gas to produce thermal energy (approx. 100 GW) for its factory at Greåker, Sarpsborg. In recent years, energy carriers have been heavy oil/waste oil and at times electrical power. Natural gas was chose
The Umm Slal LNG carrier, with a capacity of 266,000 cubic metres, is due to arrive in the UK’s South Hook terminal May 15, 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 metre
Dutch maritime product-, process- and service innovations. They are strongly represented in the Maritime by Holland Pavilion at Nor-Shipping 2011. The ‘Wall of Innovation’ will feature innovative films, the spring edition of the Maritime by Holland Innovation Newsflash will be distributed and the 20
The Board of Höegh LNG (HLNG) has approved to raise capital in the range of USD 175 – 225 million at an indicative price per share of USD 9 – 12 through a private placement. This values HLNG at USD 254-339 million prior to the private placement. Leif Höegh & Co. Ltd. expects to […]
The Al Bahiya LNG carrier, with a capacity of 210,000 cubic metres, is due to arrive in the UK’s South Hook terminal May 13, 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 metr
Eni’s Board of Directors today appointed Paolo Scaroni (image) as Chief Executive Officer and General Manager. In this role he will be responsible for the management of the company, with the exception of specific responsibilities that are reserved for the Board of Directors and those that are not to
Fluxys Finance – a subsidiary of Fluxys G – has signed an agreement with BNP Paribas Fortis and KBC for a 3-year, €400 million credit line to finance the group’s investment projects. Fluxys G will guarantee the commitments made by Fluxys Finance, the unit responsible for the centralised management o
Gas company Novatek, whose board of directors includes Gennady Timchenko, a longtime acquaintance of Prime Minister Vladimir Putin, was the… (themoscowtimes) [mappress] Source: themoscowtimes, May 5, 2011;
E.ON operating earnings were again strong in 2010, more than EUR9 billion of planned EUR15 billion divestment target are already delivered. Management has recommended dividend of EUR1.50 per share. “E.ON faces substantial business and energy-policy challenges. But our solid balance sheet and clear c
Nord Stream AG announced that all three sections of its first 1,224 kilometre gas pipeline through the Baltic Sea have now been laid and will be joined together underwater off the coast of Finland and Sweden in the summer. The new pipeline system will start transporting natural gas from Russia direc
Wärtsilä, the marine industry’s leading solutions provider, has been contracted by Kleven Maritime of Norway to design a new LNG powered Platform Supply Vessel (PSV) of the Norwegian operator Rem Offshore. The scope of the order also includes the propulsion machinery, automation and other equipment
Further to the announcement on April 26 that Golar LNG Limited had acquired shares in Golar LNG Energy from institutional and other investors via a share swap, the Company confirms that its issued share capital has been increased by 6,052,073 to 74,250,773. The additional shares in the Company have
