News
Gazprom: Viktor Zubkov Addresses NGV Fuel Market Evolution in Russia
Viktor Zubkov, Chairman of the Gazprom Board of Directors held a number of working meetings to address the NGV fuel market evolution in Russia. The meeting was comprised of top managers from Russian and foreign companies specializing in motor vehicle equipment, CNG filling stations components, road
Transocean Wins $530 Mln Worth of Drilling Contracts
Transocean, a Switzerland-based international offshore drilling contractor, has announced it has secured new drilling contracts and extensions worth approximately $530 million. In its fleet status report, issued Thursday, the drilling contractor revealed it has been awarded new deals for its rigs Se
EFIP Welcomes LNG as Alternative Fuel Policy for Inland Ports in EU
On 24 January the European Commission published its Clean Fuel Strategy. The aim of this strategy is to address the remaining barriers preventing the real breakthrough of alternative fuels. As part of this strategy, the Commission obliges all TEN-T core inland ports to have a publicly accessible LNG
Bermuda: Exmar, Teekay Conclude LPG Joint Venture Deal
EXMAR NV said that together with TEEKAY LNG PARTNERS they have successfully closed their 50/50 LPG joint-venture. The EXMAR LPG BVBA joint-venture controls 15 owned Midsize Gas Carriers (MGC), out of which 4 are currently under construction at Hyundai Mipo, and one owned Very Large Gas Carrier (VLGC
Eni Sees Growth in Profit (Italy)
Eni, the international oil and gas company, announced its group results for the fourth quarter and the full year 2012 (unaudited). Financial highlights Continuing operations: Adjusted operating profit: €19.75 billion (up 14.6%) for the full year; €4.96 billion (up 17%) for the quarter; Adjusted oper
Eni’s 4Q Profit Up 13 Pct (Italy)
Italy’s Eni, the international oil and gas company, today announces its group results for the fourth quarter and the full year 2012 (unaudited). The company reported a net profit for the full year 2012 of €7.79 billion, a 13,5% increase compared to 2011. Eni has also reported a net profit of €1.46 b
BG Appoints New Chairman for South America
LNG player BG Group of UK said that Fabio Barbosa has been appointed Chairman BG South America, reporting to Chief Executive Chris Finlayson, and has stepped down as Chief Financial Officer (CFO) and Executive Director for personal reasons. Fabio has also stepped down as a member of BG Group’s Group
Hoegh LNG Profit Climbs 25 Percent, Norway
Höegh LNG of Norway said its total income was USD 37.6 million, up 25 % from 30.0 million in the fourth quarter 2011. Highlights: – Operating profit before depreciation USD 18.2 million, up from USD 3.5 million in the fourth quarter 2011 – Profit before tax USD 11.3 million, up from a loss of 8.5 [&
Norway: Aker Revenues Up
Aker Solutions reported revenues of NOK 12.0 billion and earnings before interest, tax, depreciation and amortisation of NOK 1.2 billion in the fourth quarter of 2012. Based on the preliminary annual results, which show revenues of NOK 44.9 billion and EBITDA of NOK 4.7 billion, the Board of Directo
Foster Proposes New Legislation for Northern Ireland Offshore Renewable Energy Developments
The Department of Enterprise, Trade and Investment proposes to ask the Northern Ireland Assembly to make new primary legislation, to introduce new powers relating to a regulatory regime for offshore renewable energy projects. Commenting on the consultation, Arlene Foster said: “The development of of
Polskie LNG to Benefit from Changes Imposed by EU
According to the European Commission, the most promising alternative fuel for sea transportation is liquefied natural gas. This is one of the key conclusions from “Clean Power for Transport” Package presented on 24 January 2013 by the Directorate-General for the Mobility and Transport. In “Clean Pow
Farstad Orders OSCV from STX OSV
STX OSV Holdings Limited has secured a new contract for the design and construction of one Offshore Subsea Construction Vessel (“OSCV”) for Farstad Shipping . This newbuilding, designed for subsea and IMR (Inspection, Maintenance and Repair) operations, is part of Farstad’ Shipping’s fleet developme
Shell, TPAO Sign Exploration Agreement (Turkey)
Anglo/Dutch oil titan Shell has today signed an offshore exploration agreement with the Turkey’s state-controlled company TPAO, Reuters has reported. Under the agreement Shell will drill at least one well in the Turkish sector of the Black Sea, which could hold between 7 and 10 billion barrels of oi
VIDEO: ABB CEO Discusses 2012 Results
ABB, a Switzerland-based company engaged in power and automation technologies, reported higher orders and revenues for the full year 2012, a solid performance on operational EBITDA and another year of strong free cash flow generation as it continued to capture profitable growth opportunities in a we