News
Ukraine Starts Construction of LNG Terminal
Ukraine started the construction of the terminal for LNG regasification in Odesa region, southern Ukraine. In the meantime, the U.S. Excelerate Energy L.P. will provide a mobile floating platform for receiving and processing of the liquefied natural gas during the construction of the ground terminal
DNV Appoints New MD for Research and Innovation, Norway
Det Norske Veritas (DNV) has appointed Rune Torhaug as the new Managing Director for DNV Research and Innovation. He has worked internationally with leadership roles in DNV Energy, DNV Maritime and DNV Business Assurance. Mr. Torhaug has a strong background in risk and reliability, and a proven trac
UK: IWA Welcomes Increase in CRT Dredging
The Inland Waterways Association has welcomed the announcement by Canal & River Trust that it will increase its spending on dredging over the next ten years. In a speech to the AGM of the Association of Pleasure Craft Operators on 23rd November, John Dodwell, Canal & River Trust trustee explained th
Eni Completes Placement of Galp Energia Shares, Italy
Eni S.p.A. has completed the placement of approximately 33.2 million shares in Galp Energia SGPS S.A. , representing 4% per cent of the outstanding share capital of Galp, in an accelerated bookbuilding offer to international institutional investors at a price of EUR 11.48 per share. Gross proceeds f
Turkish Fuel Distributor Buys Pair of Product Tankers
THY OPET, a Turkish company formed as a joint venture of the Turkish Airlines and fuel distributor OPET, has reportedly bought a pair of oil/chemical tankers from Fiona Shipholding S.A. for USD 11mill each, Lion Shipbrokers said in their latest Weekly Report. Both vessels, DIPLOMAT and NEGOTIATOR, w
UK: Secretary of State Announces Members of Offshore Wind Programme Board
Secretary of State Edward Davey today announced the membership of the industry-led Offshore Wind Programme Board which is chaired by Adam Bruce, the Global Head of Corporate Affairs at Mainstream Renewable Power. The Offshore Wind Programme Board has been established following the recommendations in
UK: Secretary of State Announces Members of Offshore Wind Programme Board
Secretary of State Edward Davey today announced the membership of the industry-led Offshore Wind Programme Board which is chaired by Adam Bruce, the Global Head of Corporate Affairs at Mainstream Renewable Power. The Offshore Wind Programme Board has been established following the recommendations in
Fluxys to Increase Capital, Belgium
Fluxys’ General Meeting of Shareholders has decided on a capital increase of over €140 million. The capital increase will support the continuation of Fluxys’ development in Europe and allows the company to maintain a solid equity/debt ratio. In the process, the Belgian Federal Holding and Investment
Iran, Pakistan Gas Pipeline Project to Be Finalized by 2014
Iranian president Mahmud Ahmadinejad has said that Iran-Pakistan gas pipeline project would be completed by 2014. Ahmadinejad downplayed the financial constraints and US pressure on Islamabad to scrap the IP deal, and vowed to complete the pipeline project within the scheduled timeframe, AFP reporte
PGNiG Files Twelve Entries for Blue Gas Competition, Poland
Polskie Górnictwo Naftowe i Gazownictwo SA, as the Leader of the Consortium under the name of Polskie Technologie dla Gazu Łupkowego (Polish Technologies for Shale Gas), filed 12 entries for the Blue Gas competition with the National Centre for Research and Development. The projects carry a total bu
Statoil Extends Contract with Møkster for ‘Stril Pioner’ PSV
Norway’s Simon Møkster Shipping AS has announced that Statoil has extended the Charter for “Stril Pioner” with two yeas firm contract from July 2013, with further two by two years options. “Stril Pioner” was one of the first gas fueled supply (PSV) vessels in North Sea operation and has been operati
BP Sells Its LPG Business in Turkey
BP Gas Turkey said that Russian based Oteko Group has agreed to buy its bottle, wholesale LPG, and Petgaz-branded autogas businesses. BP is retaining its BP-branded autogas business and plans to integrate it into BP Turkey’s Fuels Value Chain, which runs the company’s fuels business including its re
Gazprom, Japan Talk Further Collaboration (Russia)
The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Chikahito Harada, Ambassador Extraordinary and Plenipotentiary of Japan to the Russian Federation. The parties discussed the current status and the prospects for cooperation betw
Denmark: NORDEN Sells Two Kamsarmax Units
Market conditions for NORDEN in dry cargo and tankers sector in the third quarter of 2012 were significantly worse than in the same period last year. The company has reported operating earnings (EBITDA) of USD 23 million for this year, down for 13 million when compared to the last year’s score. Desp