Clean Fuel
Ingersoll-Rand acquires Cameron unit for USD 850 mln
Ingersoll-Rand has entered into an agreement to acquire the assets of Cameron’s Centrifugal Compression division for $850 million with the acquisition being expected to close before the end of the year. The division provides centrifugal compression equipment and aftermarket parts and services for gl
Wheatstone LNG contract goes to Vincotte
Vinçotte secured a contract for the integrity control of the Wheatstone LNG installation in Western Australia. The Belgian company will be in charge of checking all the welding joints and steel constructions on-site. The works are set to start this month. Vinçotte is setting up a team of about 25 pe
South Hook to get more Qatari LNG
The UK’s South Hook LNG terminal is about to receive more Qatari LNG. The Onaiza LNG carrier, with a capacity of 210,000 cubic metres, is due to arrive in the UK’s South Hook terminal from Qatar on August 24, according to port data. Owned by Qatar Petroleum, Exxon Mobil and Total, the South Hook ter
Centrica buys back more shares
Centrica said it purchased 750,000 Centrica ordinary shares at an average price of 314.7819 pence per share. The highest price and the lowest price paid for these shares were 315.00 pence and 313.10 pence respectively. The purchased shares will be held as treasury shares. On 15 August 2014, Centrica
GasLog Partners files for public offering
GasLog Partners filed a registration statement with the Securities and Exchange Commission related to the sale of common units representing limited partner interests in a public offering. The partnership plans to use the net proceeds from the public offering to fund a portion of the purchase price o
MPFLG tests Twister supersonic gas separator
The Multiphase Flow Laboratory, Groningen (MPFLG) has just completed a groundbreaking six week test on a piece of process equipment, the Twister supersonic gas separator, commissioned by Samenwerkingsverband Noord-Nederland (SNN). This test, performed under the R&D project SepCO, pushed the DNV GL f
GasLog Partners to buy LNG duo from GasLog
GasLog Partners have entered into an agreement to purchase from GasLog, its parent company, 100% of the shares in the entities that own and charter the Methane Jane Elizabeth and Methane Rita Andrea, modern LNG carriers built in 2006, each with a capacity of 145,000 cubic meters. The purchase price
Ophir Energy posts USD 339.1 mln profit
Ophir Energy said its net profit after tax was US$339.1 million in the first half of this year, compared to a US$19.4 million loss for the same period in 2013. Total cash balances and short-term investments as at 30 June 2014 were US$1,490.8 million (US$839.1 million in 2013). Nicholas Smith, Chairm
Aker Solutions and DNV GL in technology collaboration deal
Aker Solutions has awarded DNV GL a global frame agreement to pave the way for better technology collaboration, more efficient project execution and considerable cost savings. The frame agreement covers the business segments of Subsea, Umbilicals, Engineering and Maintenance, Modifications and Opera
German Environment Ministry funds VTG rail tank car development
Germany’s Environment Ministry will support a pilot project by VTG, a wagon hire and rail logistics company, that will build innovative rail tank car design for economical and safe transportation of LNG, with a 244.000 EUR financial injection from its Environmental innovation program. VTG will, in c
APG, Marine Fuel Conversion to explore European market
American Power Group Corporation will be working with Marine Fuel Conversions to evaluate potential applications and opportunities for APG’s dual fuel solution, specifically in marine applications including on-board prime and ancillary power as well as port based stationary power applications. MFC,
Qatari LNG heading for South Hook
The UK’s South Hook LNG terminal is awaiting more cargo loaded at the Ras Laffan port in Qatar. The Al Samriya LNG carrier, with a capacity of 263,000 cubic metres, is due to arrive at the South Hook terminal on August 21, according to the Milford Haven Port Authority website. Owned by Qatar Petrole
Boskalis H1 profit soars
Dutch dredging company Boskalis realized a net profit of EUR 253 million in the first half of 2014 (H1 2013: EUR 123 million). Revenue rose 21% in the first half of the year to EUR 1.5 billion (H1 2013: EUR 1.3 billion). Organic revenue growth was 13.4%. EBITDA amounted to EUR 466 million in the [&h
Delek accepts tender extension for gas supply to Cyprus
Delek Group’s gas subsidiaries accepted on Tuesday a request from DEFA of Cyprus to postpone the period of validity of the proposal and acceptance in its terms of a binding agreement for the supply of natural gas through pipelines from the Leviathan project, from August 15, 2014 to November 30, 2014