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
Cheniere Energy, Inc. announced the closing of its previously announced underwritten public offering of common stock. The size of the offering had been increased from the previously announced 8,700,000 shares of common stock to 11,000,000 shares. Additionally, the underwriter has exercised the full
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
With indigenous gas production in the country seeing a sharp 10.6 per cent yoy decline in March 2011 in wake of the steep production shortfa… (economictimes) [mappress] Source: economictimes, June 6, 2011;
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
Australian energy company Santos, Korean energy company KOGAS, the Korean Ministry of Knowledge Economy and the University College London (UCL) have signed an agreement to provide 18 graduate scholarships over six years, underscoring Australia’s resources and energy expertise. The agreement, worth $
McDermott International, Inc. announced today that one of its subsidiaries has been awarded full engineering, procurement, construction and installation (EPCI) of a 750-ton compressor module for BG Trinidad & Tobago’s Hibiscus field development offshore Trinidad. The contract is valued at more than
Chesapeake Energy Corporation today announced that it has successfully completed its tender offer for Bronco Drilling Company. Based on preliminary information from Computershare Trust Company, N.A., the depositary for the offer, as of the expiration of the tender offer, approximately 24,959,224 sha
KCA DEUTAG announced that it has been selected by Woodside Energy as one of two drilling contractors to carry out a major Front End Engineering Design (FEED) contract relating to a 3,000HP Modular Platform Drilling Rig (MPDR) for the Browse Liquefied Natural Gas (LNG) Development, offshore North Wes
Eni signed with South Africa’s State-owned oil company PetroSA (Petroleum Oil and Gas Corporation of South Africa) a Memorandum of Understanding establishing mutual co-operation between the companies in the country and abroad. The parties will evaluate the eventual acquisition by either party of par
On 27 September 2010 Southern Cross Electrical Engineering Ltd (SXE) announced that they were in advanced negotiations with Leighton Contractors to perform the electrical and instrumentation services for the Civil and Underground Services Contract for the Gorgon Project awarded to Leighton. These ne
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
