Clean Fuel
Damen: First Hybrid Tug Delivered to Iskes
Iskes Towage & Salvage took delivery of the Bernardus, the first Damen ASD 2810 Hybrid. The delivery represents a turning point for the tug industry as operators and port authorities demand innovative solutions to rising fuel costs and stricter emissions regulations. Based in Ijmuiden near Amsterdam
Statoil Releases New Energy Perspectives Report
Annual Energy Perspectives report outlining the analysis of macroeconomic and energy market developments toward 2040 has been published by Statoil. The report analyses three different scenarios for the development from 2011 to 2040, to illustrate the major uncertainties in modelling long-term develo
LNG Blue Corridors Project Moving Forward
The LNG Blue Corridors project has begun exactly a year ago and a good progress has already been made. Three new LNG stations have been inaugurated as part of the LNG Blue Corridors project, namely, in Italy, Sweden and Belgium, and this is considered a major step in the project. Alongside already o
Aker Solutions Names New Head of Industry and Investor Relations
Aker Solutions has recruited David Phillips from HSBC Global Equity Research as head of industry and investor relations. Phillips, 43, served as global co-head of oil and gas research and managing director at HSBC since mid-2011 after joining the bank as an analyst in 2005. He earlier specialized as
Dynagas LNG Prices Offering
Dynagas LNG Partners said that it has priced its previously announced underwritten public offering of 4,800,000 common units representing limited partner interests at $22.79 per common unit. As previously reported the offering is expected to close on June 18, 2014 and Dynagas Partners has also grant
PIRA: Spot Market Remains Long
NYC-based PIRA Energy Group reports that the spot market remains long, awaits Asian 3Q buying for peak summer demand. In the U.S., last week had the fifth largest injection on record. In Europe, producers play central role in European spot price outlook. Specifically, PIRA’s analysis of natural gas
WoodMac: Supply Growth in North America Will Redefine Global Energy Markets
Global energy demand continues its remarkable growth, driven by China and other emerging markets. Yet this era of increasing demand is also one of robust energy supply, according to Wood Mackenzie’s long term analysis of global energy trends out to 2030. North America’s revolutionary supply growth,
Micanti Lifts Dutch Innovation Award
Prestigious award for innovative entrepreneurs with growth ambitions has been awarded to Micanti for its recent creation. The Dutch maritime technology company Micanti has designed a 100% environmentally friendly antifouling foil. Its working is based on small fibers, which make it very unattractive
GLE Updates LNG Map
Gas LNG Europe (GLE) members updated the GLE LNG Map, the GLE SSLNG Map and the GLE LNG Investment Database and made available the versions June 2014 on the GIE website. The GLE LNG Map provides comprehensive information on existing and under construction LNG terminals in Europe, including send-out
Drewry: VLGC Freight Rates Surge Unsustainable
The recent surge in VLGC (very large gas carrier) freight rates will not be sustained given the current size of the order book, according to Drewry’s recently published LPG Forecaster. Freight rates for VLGC vessels surged to historical highs in April, thanks to rising LPG supply from the US and inc
Klaipedos Nafta to Get LNG Loan
Klaipedos Nafta received state backing for the LNG terminal project in Lithuania. “The Government of the Republic of Lithuania decided to approve the draft resolution of the Seimas of the Republic of Lithuania on granting a state guarantee to the Nordic Investment Bank and to present it to the Seima
EIB Supports DESFA LNG Terminal Extension
The European Investment Bank is providing further support for the natural gas system in Greece with a EUR 40 million loan to the Hellenic National Gas System Operator (DESFA), for the extension of an LNG terminal on the island of Revithoussa in the outer suburbs of Athens. Aimed at increasing recept
Dynagas LNG Announces Public Offering
Dynagas LNG Partners said it plans to offer 4,800,000 common units representing limited partner interests in a public offering. Dynagas Partners will grant the underwriters a 30-day option to purchase up to an additional 720,000 common units. The company intends to use the net proceeds from the publ
Centrica Repurchases Shares
Centrica said that it purchased (through J.P. Morgan Securities ) 750,000 Centrica ordinary shares at an average price of 330.6547 pence per share. The highest price and the lowest price paid for these shares were 332.15 pence and 329.55 pence respectively. The purchased shares will be held as treas