Clean Fuel
Total CFO: Yamal LNG funding talks nearly done
Total of France is close to securing US$4 billion of financing for the Yamal LNG project with Russian banks, according to Total’s chief financial officer, Patrick de La Chevardiere.
Technip’s revenue down in Q1
Paris-based LNG engineer Technip posted a 4.2 percent lower revenue in the first quarter due to the oil and gas industry downturn. Technip’s adjusted revenue for the first quarter was 2.76 billion euros ($3.13 billion), as compared to 2.88 billion euros in the quarter a year before, the company said
Statoil CFO: EU gas market well supplied, expects limited U.S. LNG impact
The European gas market is well supplied and Statoil sees only a limited impact from U.S. LNG volumes this year, the Norwegian company’s Chief Financial Officer Hans Jakob Hegge said on Wednesday. “Looking at the gas market moving forward the starting point is that the EU gas market is well-supplie
Novatek’s Q1 profit jumps
Russia’s Novatek, operator of the giant Yamal LNG project recorded almost a four-fold rise in its profit in the first quarter of this year. Novatek’s profit jumped to 116 billion rubles ($1.78 billion), as compared to 31 billion rubles in the first quarter 2015. Profit for the first quarter was boos
Total’s profit, LNG sales down in first quarter
French gas and oil giant Total reported on Wednesday a drop of 37% in its adjusted net income in the first quarter of this year. Total’s adjusted net profit stood at $1.6 billion, as compared to $2.6 billion in the same quarter a year before, Total said in a statement. “Despite a 37% fall in the Bre
Europe gets first Sabine Pass LNG export cargo
Portugal has on Tuesday received the first cargo from Cheniere’s Sabine Pass LNG export terminal in Louisiana. This is the first U.S. LNG cargo produced from shale gas to reach Europe.
AFW names Halliburton’s Jonathan Lewis as CEO
UK-based LNG engineer Amec Foster Wheeler on Wednesday informed it has named Jonathan Lewis as chief executive officer, effective June 1, 2016.
Dragon LNG awaits Qatari cargo
Dragon LNG import terminal at Waterston, Milford Haven is scheduled to receive a cargo of liquefied natural gas from Qatar next week.
Flex LNG amends loan with Metrogas
Flex LNG, the company controlled by billionaire John Fredriksen, said it has agreed amended terms with Metrogas Holdings, an affiliate of Geveran Trading, to extend the working capital loan entered into in 2014. The additional working capital will help Flex LNG to operate until delivery of its two L
First LNG tank car loaded at Elbe port
VTG of Germany, in cooperation with Chart Ferox and Primagas on Monday said it has loaded an LNG tank car with liquefied natural gas at Brunsbüttel Ports’ Elbe port.
BP eyes more spending cuts after 80 percent profit drop
By Ron Bousso and Karolin Schaps LONDON (Reuters) – BP said on Tuesday it could cut capital spending further after reporting an 80 percent drop in profits in the first quarter of the year, when oil prices touched a near 13-year low. The British oil company, the first major to report on one of the [&
Novatek CEO: Chinese funds for Yamal LNG after May
Yamal LNG could wait beyond May to receive loans from Chinese banks according to the project operator’s CEO Leonid Mikhelson.
Neste Jacobs to study LNG potential in Port of Turku
The Finnish engineering company Neste Jacobs on Tuesday said it has signed a deal with Port of Turku to analyse the potential and possibilities for LNG in Turku region together with the Port of Turku.
Shell to shut BG’s head office in Reading
Hague-based LNG giant Shell said it will close BG Group’s head office in Reading by the end of this year following the multi-billion merger that was completed in February. Shell announced last December that it would conduct a “comprehensive review” of the company’s office footprint in the UK. “That