Höegh LNG (HLNG) plans a private placement of approximately USD 200 million in May to expand its fleet of LNG re-gasification vessels, with subsequent listing on Oslo Stock Exchange in June. The market for LNG is developing favourably and the demand for new LNG production, shipping and re-gasificati
I.M. Skaugen SE has entered into a Market Making Agreement with SEB Enskilda AS for the company’s shares. The purpose of the agreement is to increase the turnover and tighten the spreads of IMSK. The Agreement is in accordance with the standard requirements of Oslo Stock Exchange. The Market Making
Statoil’s first quarter 2011 net operating income was NOK 50.7 billion, a 28% increase compared to NOK 39.6 billion in the first quarter of 2010. The quarterly result was mainly affected by a 33% increase in the average prices for liquids measured in NOK, a 20% increase in average gas prices, and a
Technip’s Annual General Meeting of Shareholders, held on April 28, 2011, ratified the cooption of Marie-Ange Debon, which was announced in 2010. In addition, the Annual General Meeting approved the nomination of two new female directors, C. Maury Devine and Leticia Costa, thus bringing the percenta
Gazprom’s group of experts led by Alexander Ananenkov, Deputy Chairman of the Gazprom Management Committee took a business trip to the Far East. As part of the meeting on Gazprom’s investment projects in the Far Eastern regions held in Khabarovsk today it was highlighted that construction of the Sak
Foster Wheeler AG today reported net income for the first quarter of 2011 of $23.0 million, or $0.18 per diluted share, compared with $72.1 million, or $0.56 per diluted share, in the first quarter of 2010. Net income in both quarterly periods was impacted by items as detailed in the attached table.
Ashurst has advised Centrica Energy, the parent company of British Gas and largest supplier of natural gas to customers in the UK, on its three year LNG sale and purchase agreement (SPA) with Qatargas. The SPA was signed by both parties on 21 April in Doha. The £2 billion agreement will see 2.4 mtpa
Kleven Maritime has signed a new contract with Rem Offshore for delivery of one LNG powered offshore vessel. With this new contract, Kleven Maritime’s order reserve increases to 9 vessels at a combined value of 3.3 billion NOK. The vessel is of Wärtsilä Ship Design and is scheduled for delivery from
Liquiline annonced that it has entered into a contract with E.ON, one of the world’s largest private energy companies, for delivery of a newly developed public gas filling station for cars and taxis in Stockholm. The agreement has been signed with E.ON’s Swedish subsdiary, E.ON Gas Sverige AB, which
Foster Wheeler AG announced today that Jon Nield, 47, has been promoted to Vice President, Project Risk Management Group (PRMG), effective immediately. In this role, he will be responsible for leading the group that sets, reviews and implements the company’s risk management policy for proposal and c
Transeuro Energy Corp. issues an update on its Ukraine operation as follows: Flow testing of the second test interval of the previously announced 4 test programme on Karl-101 has been completed. The well was perforated underbalanced and flowed for 3 days before being shut in for a 48 hour pressure b
GDF SUEZ has entered into an agreement with Petronas LNG Ltd., a wholly owned subsidiary of Petroliam Nasional Berhad (Petronas), the national oil company of Malaysia, under which, GDF SUEZ will supply Petronas LNG with 2.5 million tons of liquefied natural gas (LNG) from August 2012 over a 3.5 year
SIGTTO’s new LNG Ship to Ship Transfer Guidelines have been published by Seamanship Witherby. Ship-to-ship transfers of LNG have become increasingly commonplace in recent years, following the first commercial operation of this type in February 2007. There are now 10 LNG regasification vessels (LNGRV
Statoil has submitted a plan for development and operation (PDO) for the Katla discovery in the North Sea to the Norwegian Ministry of Petroleum and Energy. Total investments are estimated at NOK 5.4 billion in current NOK. The Katla discovery was proven in March 2009, and is situated 13 kilometres
