Clean Fuel
Endesa opens LNG, CNG station in Madrid
Spain’s Endesa said it opened its first public filling station that will supply natural gas to fuel vehicles in Madrid. The gas station was opened on February 24 and will supply both compressed natural gas (CNG) and liquefied natural gas (LNG). With this station in Valdemoro, Endesa will have five s
Top news of the week February 22-27, 2016
Eni secures approval for Coral FLNG project in Mozambique Italian energy giant Eni said on Wednesday that the Mozambique government had approved the plan of development for the company’s Coral FLNG project. Cheniere ships first Sabine Pass LNG export cargo to Brazil’s Petrobras Cheniere has on Wedne
Novatek’s profit doubles in 2015
Russia’s Novatek, the operator of the giant Yamal LNG project, said its profit doubled to 74.4 billion roubles ($992 million) in 2015. The company’s profit rose mainly due to increase in liquids sales and a rise in rouble gas prices, Novatek said in a statement on Friday. Revenues for the year of 2
Minister Skourletis: Greece mulling LNG cooperation with Iran
Greece has entered preliminary negotiations with Iran over potential supply of liquefied natural gas to cover domestic demand, country’s energy minister Panos Skourletis said.
Technip’s fourth quarter profit jumps
Paris-based LNG engineer Technip posted a fourth quarter 2015 net income of €102 million, 27.3 percent up on the €80.1 million in the same quarter 2014.
Eni posts Q4 loss, cuts investment
Italian major Eni reported a loss in the fourth quarter of 8.46 billion euros ($9.36 billion) after it booked sizeable impairments due to low oil and gas prices. Eni posted an 8.8 billion euros net loss for the whole year of 2015. On a standalone basis, Eni said its adjusted net loss in the fourth q
Statoil in minor North Sea gas find
Statoil of Norway on Thursday made a minor gas find about 5.5 kilometers west of the Oseberg South field in the North Sea, some 140 kilometers west of Bergen.
GasLog’s 2015 profit rises
Monaco-based LNG shipper GasLog posted a US$53.7 million profit for the year 2015, 5.7 percent up on US$50.8 million in 2015.
Engie plunges into net loss on huge writedowns
French utility and LNG player Engie reported on Thursday a net loss of 4.6 billion euros for 2015, after booking 8.7 billion euros in writedowns due to plunging oil and gas prices. These impairments mainly relate to the exploration-production activity, heavily impacted by the major and prolonged dro
Engie names new CEO, makes further changes
French LNG player Engie on Thursday said Isabelle Kocher will be named the company’s CEO replacing Gérard Mestrallet.
Elengy says to decide on Fos Tonkin’s future next year
French LNG terminal operator Elengy, a unit of Engie, said it will decide on the future of its Fos Tonkin LNG terminal in 2017. The Fos Tonkin facility is Elengy’s oldest LNG import terminal. The company also operates the Fos Cavaou and Montoir-de-Bretagne LNG terminals. “Elengy will take, during th
Kogas, Enagas ink LNG collaboration deal
South Korea’s Kogas said it has signed on Tuesday a technical memorandum of understanding with Spanish LNG terminal operator Enagas.
Total starts production at Vega Pleyade offshore gas field in Argentina
French utility Total on Thursday said it has started producing gas at the offshore Vega Pleyade gas and condensate field in the Tierra del Fuego region of Argentina.
Gazprom, DEPA and Edison ink gas pipeline deal
Russian gas giant Gazprom said on Wednesday it had signed a memorandum of understanding with Edison of Italy and DEPA of Greece on supplying Russian natural gas to Europe via the Black Sea. The MoU was signed after a meeting in Rome between Gazprom’s Alexey Miller and Federica Guidi, Italian Ministe