Clean Fuel
Eni’s profit soars as oil prices recover
Italian energy giant Eni has reported a net profit of 1.25 billion euro in the second quarter and 2.2 billion euro for the first half of the year, rocketing up compared to the corresponding periods last year.
Engie’s profit drops on discontinued LNG business
French energy company and LNG player Engie posted a drop in net profit for the first half of 2018, as its upstream and midstream LNG business was classified as ‘discontinued operations.’
GTT’s revenue up on strong LNG market
French liquefied natural gas containment system specialist, GTT, on the back of LNG market growth, reported an 11.9 percent rise in revenue for the first six months of the year 2018.
BP to buy BHP Billiton’s US onshore oil and gas assets
UK-based major BP has agreed to purchase BHP Billiton’s interest in the Eagle Ford, Haynesville, Permian and Fayetteville onshore US oil and gas assets for $10.8 billion.
EU intends to buy more US LNG
The European Commission’s president Jean-Claude Juncker held talks with the United States president Donald Trump during a visit to the White House.
GasLog Partners’ second-quarter profit drops
GasLog Partners, the New York-listed spinoff of LNG shipper GasLog saw its profits impacted by dry-dockings and expiration of one vessel’s time charter deal.
Total’s profit soars on higher oil prices, LNG sales decline
French energy giant and LNG player Total saw its second-quarter adjusted net profit soar on the back of increasing oil prices.
Equinor posts profit drop in second quarter
Norwegian energy giant and LNG operator, Equinor posted a slight drop in its net profit for the second quarter of 2018, despite higher prices and high international production.
Shell’s profit, LNG sales rise
The Hague-based LNG giant Shell reported an increase in profit for the second quarter and the first half of the year as Integrated Gas and Upstream businesses’ contributions rise.
Total buys two gas-fired power plants in France
Total has signed an agreement with KKR-Energas to acquire its two gas-fired combined cycle power plants (CCGT) in the North and East of France, with 825 megawatts (MW) power production capacity.
BP brings Lund, Daley on board as non-exec directors
UK-based major BP said that Helge Lund and Pamela Daley have joined its board as non-executive directors.
Yamal LNG boosts Novatek’s first half figures
Russia’s largest independent natural gas producer Novatek reported a rise in its IFRS profit for the second quarter and the first six months of 2018.
Polish LNG terminal operator secures permit for increasing regas capacity
Polish LNG terminal operator, Polskie LNG has recently received a permit for the expansion of the regasification capacity at the country’s first and only liquefied natural gas terminal located in the Baltic Sea port of Swinoujscie. “It is a crucial step” towards expanding the terminal’s handling cap
WinGD names new head
Swiss company Winterthur Gas & Diesel (WinGD) has named Klaus Heim as its chief executive officer (CEO) with effect from August 6, 2018.