Clean Fuel
Shell’s CEO takes a pay cut
Royal Dutch Shell CEO’s total direct remuneration for 2015 took a hit together with the company’s profit, according to Shell’s annual report issued on Thursday.
Cedigaz: global LNG imports up by 2 pct in 2015
Global LNG imports grew by 2.1 percent to 241.2 million tons in 2015, according to the international association for natural gas, Cedigaz.
Statoil ditches plans for business centre in Europe
Norwegian energy giant Statoil said it has decided not to proceed with the evaluations of a potential business centre in Europe. The decision was presented at a meeting with employee representatives on Friday ,11 March. According to a statement by Statoil, at the meeting it was agreed that “further
Report: Yamal LNG’s Train 1 to start without additional financing
Yamal LNG’s first liquefaction train will be launched without additional financing, according to Novatek’s department head Stanislav Shevkunov.
Amec Foster Wheeler plans asset sales following $361 million loss
UK-based LNG engineer, Amec Foster Wheeler, on Thursday posted a £256 million ($361 million) net loss for the year 2015, compared to the £82 million ($115.5 million) profit a year before.
MET International establishes LNG trading desk
Switzerland-based MET International, the natural gas trading arm of MET Group, has created a liquefied natural gas (LNG) trading desk that will be based at the company’s headquarters in Zug, Switzerland. Diego Galimberti, who was previously the head of long-term gas supplies and LNG at Axpo Trading,
WoodMac: up to half of US LNG exports at risk of shut-in
Up to half of US LNG exports to Europe could be shut-in over the next five years, depending on the prices of oil and coal and Russia’s export strategies, Wood Mackenzie said in a report on Wednesday.
Ophir posts $376 million pre-tax loss
London-based Ophir Energy, the developer of the Fortuna FLNG project in Equatorial Guinea, has reported a $376 million pre-tax loss for 2015 due to plunging oil prices and booking impairments against its assets. Following the 34% reduction in the commodity price during the year, the company’s produc
Novatek makes management changes
Novatek, the operator of the Yamal LNG project set to begin production in 2017 said it has increased the number of company’s management committee members from nine to 12.
Ineos ships US ethane to Europe
Swiss-based Ineos said on Wednesday the LNG multi-gas carrier, Ineos Intrepid, left the Markus Hook terminal near Philadelphia carrying 27,500 cbm ethane.
Eni completes first Zohr production test
Italian giant Eni said on Thursday it has performed the production test at the Zohr 2X well, the first appraisal well of the Zohr gas field off Egypt, discovered in August last year.
Report: Yamal LNG financing to be secured in 2-3 months
Novatek, the operator of Yamal LNG project expects to have the external financing secured in the next two to three months, company’s CEO Leonid Mikhelson was cited as saying by Interfax.
Sembcorp Marine increases stake in Gravifloat
Singapore’s Sembcorp Marine said on Wednesday it has acquired additional 44 percent equity stake in the Norwegian floating LNG specialist Gravifloat.
Exmar, PEP cancel Caribbean FLNG deal
Exmar of Belgium said it has terminated the agreement with Pacific Exploration and Production executed in March 2012 for the deployment of the Caribbean FLNG in Colombia.