Clean Fuel
Shell appoints Brekelmans as projects and technology director
Royal Dutch Shell appointed Harry Brekelmans as Projects & Technology Director with effect from October 1. In his new role, Brekelmans will become a member of the Executive Committee and will take over from Matthias Bichsel who will be leaving the company after 34 years’ distinguished service. Breke
Statoil disappointed with Hoop area exploration results
Operator Statoil has together with its partner Idemitsu Petroleum Norge made a small gas discovery in the Mercury prospect in PL614 in the Barents Sea. This completes Statoil’s 2014 exploration programme in the Hoop area. Statoil drilled three exploration wells in the Hoop area in the Barents Sea: A
BG: US LNG exports could reach up to 70 mtpa by 2025
LNG player BG Group believes that the US could become an exporter of 60 to 70 mtpa of LNG by 2025, Andrew Walker, the company’s Vice President of Global LNG said. “US exports will be a major contributor to (LNG) supply growth, but so too will projects in western Canada and eastern Africa. All will n
Dynagas LNG profit down
Dynagas LNG Partners, an owner and operator of LNG carriers, said its net income for the three and six months ended June 30 was $10.2 million and $21.2 million, down 11.3% and 6.5% when compared with the same periods a year ago. Distributable cash flow during the three and six month periods ended Ju
New players welcomed as banks scale down LNG trading
Low volatility in European natural gas and power markets, coupled with tougher EU financial regulation, has severely diminished trading’s appeal to many banks. In recent months, corporations including Barclays, JP Morgan and Merrill Lynch have radically scaled down or even shut up shop altogether on
Liquiline appoints new CFO
Liquiline of Norway said that Bjørn Aadland will join the company as Chief Financial Officer (CFO). “Aadland has wide experience and competence from management, contracts and controlling within the oil & gas industries. He has also previously held positions within corporate finance, management consu
Serica Energy completes farm out of two UK East Irish Sea blocks
Serica Energy confirmed it has completed the farm out of UK East Irish Sea Blocks 113/26b and 113/27c (Licence P.1482) with Centrica through its subsidiary Hydrocarbon Resources Limited (HRL). Under the agreement, HRL has acquired an operated 45% interest in the licence, with Serica retaining 20%, i
Belgium to get LNG cargo from Qatar
Belgium’s Zeebrugge liquefied natural gas terminal is expected to receive a cargo of LNG from Qatar onboard the 145,602 cbm Milaha Qatar on August 20, port data says. The RasGas-chartered LNG tanker departed from Qatar’s Ras Laffan port on Saturday. Nine LNG carriers were unloaded, and five were loa
South-North corridor TSOs publish Gas Regional Investment Plan
The Gas Transmission System Operators (TSOs) of the South – North Corridor Region have released the second edition of their Gas Regional Investment Plan (SNC GRIP 2014-2023), in line with Art. 12(1) of the Regulation (EC) No 715/2009. SNC GRIP provides an updated and detailed overview of the gas hub
Blue Corridor NGV rally starts in October
The international OEM-produced natural gas-fuelled vehicles (NGV) rally “Blue Corridor-2014” will hit the road on October 7 and break the tape on October 23, 2014. The overall length of the route will be 3400 km, duration of the marathon — 17 days. This year the start of the rally coincides with the
First Power of Siberia GTS pipes delivered
First pipes for the Power of Siberia gas transmission system (GTS) were delivered to Lensk (Yakutia), Gazprom said in a statement. The first batch consists of 260 1,420-millimeter pipes with a 21.7 millimeter wall thickness and the total weight of some 2.4 thousand tons. The pipes are currently stoc
Wartsila partnering in Bothnian Corridor ferry project
Wärtsilä has been selected as the partner for designing a new ferry as part of the ‘Midway Alignment of the Bothnian Corridor’ project. The scope of the design work will be both initial and basic design. The ferry is designed for sailing between Vaasa in Finland and Umeå in Sweden across the Gulf of
GDF Suez H1 LNG sales climb
GDF Suez of France said its first half LNG sales rose 46 percent to 57 TWh, totaling 69 cargoes. The company’s Global Gas & LNG business line reported an Ebitda of EUR 1,033 million, almost organically stable (-0.6%), reflecting the strong LNG arbitrage activity in Europe and Asia and the commission
King & Spalding makes Energy Advisory Firm of the Year shortlist
King & Spalding has earned a spot on the shortlist for Petroleum Economist’s “Energy Advisory Firm of the Year” award as part of the publication’s re-launched annual awards program. The awards will be announced at a ceremony in London on September 10. King & Spalding was selected for the shortlist b