GDF SUEZ of France said it has achieved a three-tranche €3billion bond issue: – €1 billion, maturing in February 2016, with a 1.5% coupon – €1 billion, maturing in June 2018, with a 2.25% coupon – €1 billion, maturing in February 2023, with a 3% coupon. The average coupon of the issue is 2.25% and [
Awilco LNG of Norway reported freight income of USD 17.7 million in the first quarter of 2012 (USD 16.8 million in Q4 2011) and an EBITDA of USD 11.8 million (USD 10.9 million in Q4 2011). In this quarter the charterers of the WilEnergy LNG tanker declared the option to extend the contract period to
Japan’s LNG imports reached 6.906 million mt in April, a rise of 14.9 percent compared to a year earlier, according to preliminary data released today by the finance ministry. Japan, the world’s largest LNG importer, imported 8.126 million mt of LNG in March, up 21,8 percent from a year before. The
Qatar Petroleum is taking part in the 8th Middle East Refining and Petrochemicals Conference & Exhibition (Petrotech 2012), which formally opened Monday and is ongoing until Wednesday, May 23, at the Bahrain International Exhibition and Convention Centre. The event, which is held under the patronage
Golar LNG Partners reported net income of $19.5 million and operating income of $31.8 million for the first quarter of 2012, as compared to $23.8 million and $30.4 million, for the first quarter of 2011. While operating results were improved in comparison to the first quarter of 2011, net income was
Honeywell announced that Daewoo Shipbuilding & Marine Engineering (DSME) and STX Offshore & Shipbuilding will use Honeywell’s Integrated Automation Systems (IAS) in five vessels commissioned by ship owners in Norway, Russia and the United States. The projects are valued at more than US$8 million. DS
China, the world’s biggest energy consumer, may need to raise imports of LNG by 80 percent from current contracted volumes, Bloomberg reported, citing Graham Tyler, manager of gas and power research at Wood Mackenzie. He said that China may need to buy an additional 37 million tons of LNG by 2030, a
Total gas sales volume by Japan’s Osaka Gas for the month of April 2012 came to about 766 million cubic meters, down by 0.2% from the previous year. In the residential sector, volume totaled 260,680 million m3, down 0.7% from April 2011, while in the industrial sector, volume totaled about468,557 mi
Hogan Lovells said it has been advising JKC Australia LNG (a joint venture between JGC Corporation, KBR and Chiyoda) in relation to the US$34 billion Ichthys LNG Project in Australia. JKC signed a contract with INPEX earlier this year for the engineering, procurement and construction of the onshore
Taiwan’s Yung-An LNG terminal is due to receive a cargo of liquefied natural gas this week, according to Kaohsiung Port Authority. The 137,100 cbm Puteri Nilam Satu will reach Yung-An terminal on May 26. The Yung-An terminal is Taiwan’s first liquefied natural gas receiving terminal, and it is opera
With seven LNG carriers drydocked at the facility, Nakilat-Keppel Offshore & Marine (N-KOM) is one of the leading shipyards for LNG repairs, leveraging on Qatar’s position as top LNG exporter. As part of the Erhama Bin Jaber Al Jalahma Shipyard, N-KOM has successfully completed marine, offshore and
Potential US gas exports do not represent a big threat to Australian LNG projects currently under construction. But this could change if there are large cost overruns at the Australian projects, or technological improvements significantly lower the long-run break-even price of US shale gas deposits,
Technip of France said that it has entered into an agreement to acquire Stone & Webster process technologies and the associated oil and gas engineering capabilities from The Shaw Group for a cash consideration of approximately €225 million. This transaction will enable Technip to: Enhance substantia
Drydocks World, the established international player in ship repair, conversion and new building, announced that an Alliance Agreement has been signed with EXMAR Shipmanagement, a company that offers high-end ship management services to the maritime industry. The two companies hope to strengthen the
