Clean Fuel
Centrica Continues Share Buy Back
Centrica said it purchased (through J.P. Morgan Securities) 750,000 Centrica ordinary shares at an average price of 321.7193 pence per share. The highest price and the lowest price paid for these shares were 323.50 pence and 320.20 pence respectively. The purchased shares will be held as treasury sh
Exmar Looking to Diversify Funding Options
Exmar said it has decided to investigate possibilities for raising financing in the international institutional bond markets. The company believes the current market conditions provide an opportunity to diversify its sources of funding at attractive terms which will further strengthen the Exmar’s ba
Gazprom: Power of Siberia GTS Moving Forward
Alexey Miller, Chairman of the Gazprom Management Committee held a meeting on the progress with the comprehensive action plan covering the company’s investment projects needed to ensure gas supply to China. It was noted that Gazprom speeded up the construction of necessary gas production, transmissi
BG Group Agrees to Sell Interest in CATS
BG Group said it had agreed to the sale of its equity interest in the Central Area Transmission System (CATS) gas pipeline in the UK North Sea and associated infrastructure to Antin Infrastructure Partners for total proceeds up to £562 million (approximately $954 million) Under the agreement, BG Gro
Serbia South Stream Construction Deal to Be Signed Soon
Alexey Miller of Gazprom met in Moscow with Ambassador Extraordinary and Plenipotentiary of the Republic of Serbia to the Russian Federation on Tuesday. “The meeting participants reviewed the bilateral cooperation in the gas sector, paying special attention to the progress with South Stream. It was
Terntank Orders Another LNG-Powered Duo
Terntank of Denmark said it has ordered further two LNG-fuelled 15,000 DWT tankers. With this order, Terntank has now four 15,000 DWT tankers on order at the Chinese shipyard Avic Dingheng Shipbuilding. The vessels will be delivered at three-month intervals so that the first one will be delivered in
Gazprom and Petrovietnam Discuss Energy Cooperation
The Gazprom headquarters hosted a working meeting between Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee and Do Van Hau, President and CEO of Petrovietnam National Oil and Gas Group. “The meeting participants addressed the main areas of the cooperation in the energy sector. In
Imabari to Build Two GTT-Designed LNG Carriers
GTT announced the notification of two LNGCs to be built by Japanese shipbuilder Imabari. These large vessels will be equipped with the innovative Mark III Flex containment system pioneered by GTT and also includes a new MEGI propulsion system. Vessels are scheduled for delivery in 2017. These vessel
BW Group Names New CEO
BW said that it has appointed Carsten Mortensen as Group CEO. Current BW Group CEO Andreas Sohmen-Pao will join the BW Group Board of Directors and remain actively involved in the group, including on the board of subsidiaries BW Offshore, BW LPG and BW Pacific. BW has significantly broadened its sco
Platts: Spot LNG Prices for July Down
Prices of spot liquefied natural gas (LNG) for July delivery to Asia fell 9.5% to an average $12.951 per million British thermal units (/MMBtu) on a month-over-month basis, according to the latest Platts Japan/Korea Marker (JKM) for month-ahead delivery. The price decline is largely the result of hi
UPDATE: BP in big LNG deal with CNOOC
China National Offshore Oil Corporation (CNOOC) and BP signed an agreement on Tuesday regarding long-term LNG sale and purchase. According to the heads of agreement, which was signed in London, BP is to supply up to 1.5 mtpa of LNG from its global portfolio to CNOOC over 20 years starting in 2019. T
Chart to Build Fueling Stations for LNG Buses in Poland
Chart Ferox, a unit of Chart industries in the Czech Republic, said it has been awarded two contracts by Gazprom Germania to provide fueling stations for LNG city buses in Poland produced by the local bus manufacturer Solbus. Chart Ferox is responsible for the complete station design and manufacture
Russian Giants Sign JV Agreement
At the 21st World Petroleum Congress Rosneft, Ministry of Industry and Trade of the Russian Federation, Gazprom, Novatek, Gazprombank, Sovkomflot, United Shipbuilding Corporation signed a Joint Venture Agreement in relation to the implementation of vessel, drilling rig and marine equipment construct
Sovcomflot to Start LNG Fueling by 2017
Sovcomflot of Russia plans to start fueling ships with LNG by 2017, the company’s CEO Sergei Frank said at the WPC in Moscow. The company aims to begin the process together with Gazprom, Gazprombank and Shell, reports ITAR-TASS. In an earlier statement Sovcomflot announced that it was ready to run s