Clean Fuel
Top news of the week February 19-24
Anadarko signs Mozambique LNG supply deal with EDF Woodlands-based Anadarko said Mozambique LNG project partners signed an LNG sale and purchase agreement with Électricité de France (EDF) for the supply of 1.2 million tons per year of the chilled fuel. Exmar’s barge-based FSRU on way to Singapore Ex
Novatek to tie up Saudi Aramco as Arctic LNG-2 project partner
Russian LNG export player Novatek is looking to bring Saudi Aramco onboard its second liquefied natural gas export project proposed for the Arctic. Novatek’s chief executive, Leonid Mikhelson, said the company is looking to bring Saudi Aramco onboard the Arctic LNG-2 project proposed for the Gydan p
Spain’s Repsol sells Gas Natural stake to CVC
Spanish energy giant Repsol has agreed to sell its 20 percent stake in compatriot utility Gas Natural Fenosa to CVC Capital Partners investment fund. The deal is worth 3.82 billion euros ($4.69 billion). Repsol will sell the stake to Rioja Bidco Shareholdings, controlled by CVC, for a price equivale
Wärtsilä extends LNG carriers maintenance deal with TMS Cardiff Gas
The technology group Wärtsilä signed a maintenance agreement with the Athens based ship management company TMS Cardiff Gas, for four TDFE LNG carriers.
TechnipFMC profit slides
LNG engineer TechnipFMC reported a plunge in net profit for the year 2017 reaching $113.3 million, 70 percent below the $378.2 million reported in 2016.
Russia’s Novatek posts 39.3 pct drop in 2017 profit
Russia’s largest independent natural gas producer and LNG operator, Novatek said on Wednesday its 2017 net profit declined by 39.3 percent, affected by a stake sale in its Yamal LNG project the year before. Novatek reported a net profit of 156.4 billion roubles ($2.76 billion) as compared to 257.8 b
Portugal’s Galp expects flat 2018 earnings, plans to splash about 1 billion euros
Portuguese oil and gas company Galp Energia, the owner of a 10 percent stake in Eni’ Coral South FLNG project in Mozambique, said Tuesday it expects almost flat pre-tax earnings this year after a 32 percent increase in 2017. The company expects earnings before interest, taxes, depreciation and amort
Gazprom considering LNG supplies to Pakistan
Russian giant Gazprom is considering the potential of delivering liquefied natural gas (LNG) supplies to Pakistan.
EIB, ING fund shipping sector transition to ‘greener future’
The European Investment Bank (EIB) and ING today signed an agreement to support green investments for the European shipping market for a total value of €300 million ($370.6 million).
Enagas profit climbs 17.6 pct in 2017
Spanish LNG terminal operator, Enagás reported a net profit of 490.8 million euros ($606.6 million) in 2017, a rise of 17.6 percent year-on-year. This figure includes the accounting impact produced by the full consolidation of GNL Quintero, the Chilean regasification plant, since January 2017, the S
Noble Energy pens deals to deliver Leviathan, Tamar gas to Egypt
Noble Energy signed two 10-year deals to sell a total of 1.15 trillion cubic feet of natural gas from the Leviathan and Tamar fields to Dolphinus Holdings to supply gas in Egypt.
Eidesvik secures employment for two LNG-fueled PSVs
Norway’s Eidesvik Offshore has secured multiple contracts for its liquefied natural gas (LNG)-fueled platform supply vessels Viking Prince and Viking Queen.
Novatek boosts gas resources with Alrosa assets acquisition
Russia’s largest independent natural gas producer and LNG operator, Novatek won the open auction to acquire Maretiom Investments and Velarion Investments from Alrosa.
Novatek, Saudi Aramco ink LNG memorandum
Russian LNG export player Novatek signed a memorandum of understanding (MOU) with Saudi Aramco, the Saudi Arabian national oil company, for cooperation on international projects including LNG.