The Arctic Princess LNG carrier, with a capacity of 147,200 cubic metres, is due to arrive in the UK’s Dragon terminal February 8, 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 nex
BP today reported Fourth Quarter and Full-Year 2010 Results. * BP’s fourth-quarter replacement cost profit was $4,614 million, compared with $3,447 million a year ago. For the full year, replacement cost loss was $4,914 million compared with a profit of $13,955 million a year ago. * The group income
Scotland’s First Minister, Alex Salmond, MSP, was given a tour of pipeline engineering specialist STATS Group, as the company revealed 2011 turnover would exceed £17.5 million ($28.2 million). Mr Salmond was invited to visit STATS’ headquarters in Kintore, near Aberdeen, in recognition of his suppor
Last 18th and 19th January 2011, NGVA Europe successfully carried out the first international Training Course in UK for Daimler, Luxfer and Iveco clients. The UK training was hosted by NGVA Europe member Hardstaff in Nottingham. These newly offered international NGVA Europe Training Courses are conj
GDF SUEZ through its subsidiary Storengy has agreed to buy five natural gas underground storage facilities in Germany and a 19.7% stake in another one. The transaction covers the storage facilities held by BEB Speicher GmbH and by ExxonMobil Gasspeicher Deutschland GmbH. Whilst BEB Speicher GmbH is
AMEC,the international engineering and project management company, has been appointedby BG Group to provide engineering, procurement, construction, commissioning and project management for all of the BG Group facilities in the central North Sea, including Armada, North Everest and Lomond platforms.
Traditional European Gas Conference was hosted in Vienna on January 25-28. The agenda of the conference covered such issues as European gas supply security, new alternative gas sources and transportation opportunities, Russia’s role in European gas supply, and importance of Caspian region in the con
The Al Mafyar LNG carrier, with a capacity of 266,000 cubic metres, is due to arrive in the UK’s South Hook terminal February 6, 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
On Friday, January 28, 2011, Publigas and the Caisse de dépôt et placement du Québec signed an agreement in principle that allows the Caisse to acquire a stake in Fluxys G, the parent company of Fluxys SA, through a capital increase of up to €150 million. This transaction is subject to approval by t
Kiev and Baku signed an intergovernmental memorandum on future deliveries of liquefied natural gas from Azerbaijan and an agreement on coope… (RIA Novosti) [mappress] Source: RIA Novosti, January 28, 2011;
Wärtsilä has redefined its long-term financial targets. Our target is to grow faster than global GDP. Our operating profit margin (EBIT%) target is 14% at the peak of the cycle. At the trough of the cycle, our target is to keep operating profit margin above 10%. Our target is to maintain gearing bel
The Umm Slal LNG carrier, with a capacity of 266,000 cubic metres, is due to arrive in the UK’s South Hook terminal February 7, 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 m
The President and CEO of Wärtsilä Corporation, Mr Ole Johansson, has decided to retire after turning 60 years of age in June, using the right stipulated in his executive contract. The exact timing of his retirement will be announced later. Also, Mr Johansson will not be available to continue in his
The Executive Committee of EXMAR reported the provisional results for the 4th quarter and entire year 2010. HIGHLIGHTS 2010 -Cash flow from Operations and Operating Result supported by the profit on the partial sale of LNG vessels to Teekay LNG but still influenced by weak spot LPG rates; -Coverage
