zoomImage courtesy of Novatek Russia’s largest independent natural gas producer Novatek reported a rise in its profit for the second quarter and the first six months of this year. Profit for the second quarter increased to 32 billion Russian rubles ($508.9 million) from 3.2 billion Russian rubles reported in the
Image courtesy of Polskie LNG Polish LNG terminal operator, Polskie LNG has recently received a permit for the expansion of the regasification capacity at the country’s first and only liquefied natural gas terminal located in the Baltic Sea port of Swinoujscie. “It is a crucial step” towards expanding the terminal’s
Klaus Heim (Image courtesy of WinGD) Swiss company Winterthur Gas & Diesel (WinGD) has named Klaus Heim as its chief executive officer (CEO) with effect from August 6, 2018. Heim joins WinGD from OMT in Turin, Italy, where he currently holds the position of chief technical officer. He has over 25
Image courtesy of U.S. Department of Energy U.S. senators Marco Rubio and Bill Cassidy, backed the U.S. Department of Energy’s decision to streamline the approval of small-scale exports of LNG to foreign countries, including those in South America, Central America, and the Caribbean. The Trump Administration’s new policy is virtually identical
zoomImage courtesy of Saipem Italian oil and gas contractor, Saipem, reported a 323 million euro ($377.6 million) net loss for the first half of the year on the back of write-downs and reorganization expenses that hit 329 million euro. This compares to a 110 million euro loss in the first six months of 2017.
Image courtesy of LNG Limited Liquefied Natural Gas Limited signed a workforce deal with the Nova Scotia Construction Labour Relations Association (CLRA) and Cape Breton Building and Construction Trades for the proposed Bear Head LNG facility in Nova Scotia. The MOA outlines a path forward for both parties to establish
zoom Three European majors, BP, Eni and Shell have bumped up new project approvals during the recent downturn, a review by the energy research and business intelligence company Rystad Energy shows. For projects that have started up since 2014, majors have collectively achieved greenfield costs of $13.50 per barrel of oil equivalent.
zoomImage courtesy of Cuadrilla Lancashire-headquartered Cuadrilla has received final hydraulic fracture consent from the Department for Business, Energy & Industrial Strategy (BEIS) for its first horizontal shale gas exploration well at its Preston New Road site in Lancashire. All other relevant planning and permits required were already secured, the company
zoomImage courtesy of Polarcus Australian independent oil and gas company, Melbana Energy, kicked off the 3D seismic survey of the Beehive prospect in the Joseph Bonaparte Gulf, 225 kilometers southwest of Darwin. The seismic survey is being carried out by the Polarcus’ vessel, Polarcus Naila, Melbana said. The Beehive 3D
zoomIllustration only. Image source: Pixabay under CCO Creative Commons license. Chinese pair, China Huadian and Guanghui Energy shave agreed to build a liquefied natural gas (LNG) receiving and storage facility in Yueyang city on the Yangtze river. Named the Yueyang LNG terminal, the project will be developed in three phases