On 27 September 2010 Southern Cross Electrical Engineering Ltd (SXE) announced that they were in advanced negotiations with Leighton Contractors to perform the electrical and instrumentation services for the Civil and Underground Services Contract for the Gorgon Project awarded to Leighton. These ne
Pöyry PLC has sold the oil and gas competence line of its Energy business group to WS Atkins plc, UK. The total debt free sales price is EUR 17.25 million. Pöyry’s outlook for the full year 2011 operating profit before one-offs will not be impacted by the divestment. The transaction includes the sha
At the end of the acceptance period on 1 June, the acceptance rate for the tender offer from Engine Holding GmbH – the joint venture between Daimler AG and Rolls-Royce Holding plc – comes to 58.35 percent of shares in Tognum AG. Including transactions outside of the tender offer, the bidder has acqu
Golar LNG Limited announced that World Shipholding, which is indirectly controlled by trusts established by John Fredriksen for the benefit of his immediate family, has extended its TRS agreements relating to 200,000 shares in the Company. John Fredriksen is Chairman of the Board, President and Dire
Sovcomflot (SCF Group), the largest operator of ice-class LNG carriers, confirmed its global leadership position by placing orders for two ultramodern ice-class LNG-carriers, that will be used by Gazprom Global LNG Limited (GGLNG) for LNG transportation. A long-term time-charter contract is expected
Statoil ASA has decided to divest a 24.1% direct and indirect stake in Gassled joint venture (jv) for a consideration of NOK 17.35 billion. Following this transaction, Statoil will continue to own 5.0% in the jv. The buyer is Solveig Gas Norway AS, a holding company that is approximately 45% owned b
Mr. A. Zagorovskiy (image), Chief Executive Officer of the Shtokman Development AG (SDAG) and Mr. R. Trotsenko, President of the Unified Shipbuilding Corporation (USC) signed the Cooperation Agreement on June 2, 2011 in Moscow. According to the Agreement SDAG and USC acknowledge their intentions to
El Paso Pipeline Partners announced that it has closed on a new revolving credit facility. The new $1.0 billion EPB facility increases its revolving credit capacity from the previous $0.75 billion facility and now matures in 2016. The credit terms are similar to the previous facility, with the excep
Gazprom is preparing 25-year contracts on supply of 7.5 million tons of LNG annually to three Indian energy companies. The annual volume cov… (barentsobserver) [mappress] Source: barentsobserver, June 3, 2011;
Golar LNG Limited has, on 3 June 2011, notified all of the remaining shareholders in Golar LNG Energy Limited that Golar LNG exercises its right under Bermuda company law to compulsorily acquire their shares. Golar LNG offers to compensate the minority shareholders whose shares are compulsorily acqu
Pakistan has become the largest user of Compressed Natural Gas (CNG) in the world, overtaking Iran, Argentina and Brazil in the number of ve… (dawn) [mappress] Source: dawn, June 3, 2011;
Chiyoda Corporation, Japan’s leading engineering and construction firm, today announced that Chiyoda has reached a cooperation agreement with an Italian company, Saipem S.p.A to develop onshore Liquefied Natural Gas (LNG) and Upstream projects. According to the agreement, Chiyoda and Saipem will col
Stolt-Nielsen Limited is contemplating the issuance of new senior unsecured bonds with a tenor of 5 years. The amount targeted is USD 200 million to USD 300 million, split between a US Dollar tranche and a Norwegian Kroner tranche. Proceeds from the bond issue will be used for general corporate purp
Prague (Czech Republic) hosted Thursday a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Petr Necas, Prime Minister of the Czech Republic as part of the 14th Annual General Meeting of the European Business Congress. The parties discussed the current issues an
