Clean Fuel
Spencer Dale joins BP as Chief economist
BP announced the appointment of Spencer Dale as its new Group Chief Economist with effect from the end of October. Dale joins BP from the Bank of England where he is currently Executive Director for Financial Stability Strategy and Risk. He is also a member of the Bank’s Financial Policy Committee.
Klaipedos Nafta concludes LNG terminal user contract with Litgas
Klaipėdos Nafta concluded liquefied natural gas terminal user’s contract with JSC Litgas and therefore has completed LNG terminal capacities allocation procedure, announced on 30th of April, it said in a statement. The company entitled the Terminal User to use 401 637 600 nm3 of foundation regasific
South Hook awaiting more Qatari LNG
LNG carrier Al Karaana, with the capacity of 210,000 cubic metres, will be arriving at the UK’s South Hook terminal from Qatar on August 11, port data reveals. This will be this month’s third shipment of Qatari LNG to the 15.6 million tonnes a year LNG processing facility, capable of delivering 21 b
Top news of the week July 28-August 2, 2014
Apache exiting Wheatstone and Kitimat LNG projects Houston-based Apache said on Thursday that it intends to completely exit Australia’s Wheatstone and Canada’s Kitimat LNG projects to focus on drilling onshore in North America. LNG Limited buys North American project Liquefied Natural Gas Limited sa
Cubisa, Gas Natural Castilla-La Mancha sign LNG plant agreement
The Mayor of Cobisa (Toledo), Emilio Muñoz Cutillas, and the Managing Director of Gas Natural Castilla-La Mancha, Begoña Méndez, signed an agreement to allow for the temporary use of a plot of land in the town, measuring 1,600 metres, for the installation of a satellite Liquefied Natural Gas Plant (
Sanctions put Yamal LNG shareholders under strain
Sanctions imposed on Russia will have the Yamal LNG shareholders stretching to fund the project. Even though Novatek recently stated that the sanctions will not threaten the Yamal LNG project, company’s CEO Leonid Mikhelson said the company and its shareholders will have to rely on own capital to fi
Exmar income at USD 51.7 million
Exmar reported preliminary unaudited results for the first semester 2014, posting a $51.7 million consolidated income. The Group had a consolidated result after tax for the first semester of 2014 of $51.7 million. The result of the Group has been positively influenced by the capital gain realized on
Gaslog reports H1 results
GasLog Partners LP, an international owner, operator of liquefied natural gas carriers, reported its financial results for the three and six month periods ended June 30, 2014. Andrew Orekar, Chief Executive Officer, stated: “We are pleased to report strong financial and operating results for the fir
LNG tanker due at Zeebrugge next week
Belgium’s Zeebrugge import terminal, operated by Fluxys, will receive a cargo of liquefied natural gas on August 8. The Yenisei River LNG carrier, with a capacity of 155,000 cubic metres, is sailing from Ras Laffan in Qatar, port data reveals. Nine LNG carriers were unloaded, and five were loaded at
Shell LNG sales up 28 pct
Shell said its equity sales of LNG of 6 million tonnes for the second quarter of 2014 were 28% higher than in the same quarter a year ago, mainly reflecting the contribution from the acquisition of Repsol’s LNG business and decreased feed gas disruptions in Nigeria. The company sold 12.09 million to
Cyprus and Eni, KOGAS JV sign MoU
The Government of the Republic of Cyprus and representatives of the JV Eni/KOGAS have signed a Memorandum of Understanding (MoU). This preliminary agreement is aimed at investigating areas of cooperation related to Cyprus potential gas resources valorization, with priority to the onshore LNG option.
BG LNG profit climbs
BG Group’s LNG Shipping & Marketing business earned $749 million in the second quarter of 2014, up 44 pct as compared to 2013. Revenue and other operating income was 46% higher reflecting a 29% increase in delivered volumes and favourable pricing resulting from higher realised prices in Asian and So
UK opens bidding round for shale gas
The UK government opened on Monday the bidding process for companies seeking licences to explore for onshore oil and gas. Business and Energy Minister Matthew Hancock published details of how companies can apply for licences which will enable them to start initial exploration for shale gas. The lice
Woodside selects ProCon Platform
LNG player Woodside has selected 8over8’s ProCon Platform to enhance the management of contractual obligations across its portfolio of projects and operations. ProCon enables owner operators of large capital projects to establish a commercial firewall against value leakage from mismanagement of unfo