Gazprom has newly appointed the following top managers: Vitaly Markelov as Deputy Chairman of the Management Committee in charge of the production block; Vladimir Markov as Head of the Department for Relations with the Russian Federation Authorities; Elena Mikhailova as Head of the Asset Management and Corporate Relations Department. The decision was also taken to dissolve the Strategic Development Department. A Prospective Development Department and [...]
SAC Capital Advisors, a hedge fund run by US investor Steven Cohen, purchased a 5.7 percent stake in Cheniere Energy, according to a filing with SEC. Cheniere is a Houston-based energy company primarily engaged in LNG related businesses, and owns and operates the Sabine Pass LNG terminal and Creole Trail pipeline in Louisiana. The company [...]
Focused on supporting natural gas fueling in North America, investors, including Boone Pickens, have invested a total of $150 million in Clean Energy Fuels Corp., North America’s leading provider of natural gas fuel for transportation. The investments resulted from the exercise of Mr. Pickens’ warrants to purchase 15 million shares of the company’s common stock [...]
Repsol has signed the deal on the acquisition of 100% of the Russian company Open Joint Stock Company Eurotek, which holds exploration and production licences in West Siberia. The transaction has been preapproved by the Federal Antimonopoly Service of the Russian Federation. Repsol will pay a total consideration of, approximately, US$230 million for the purchase [...]
Fortune Oil announced that it has entered into an agreement with Mr. LIU Minghui to form a newly incorporated 50/50 joint venture company, China Gas Group Limited. LIU Minghui is presently a substantial shareholder in China Gas Holdings (CGH), with many years of experience of developing gas businesses in China. Mr.LIU will inject 200,000,000 shares [...]
Saint Petersburg hosted a working meeting between Alexey Miller and Georgy Poltavchenko, Governor of Saint Petersburg. The parties expressed a high opinion of the joint efforts made to develop a gas supply system in the city. It was noted that between 2002 and 2010 the total investments by Gazprom in gasification of Saint Petersburg only [...]
The regular meeting of Shtokman Development AG (SDAG) Board of Directors was held in Moscow on December 29, 2011. The Board of Directors reviewed the Company’s activities in 2011 and stated that extensive work on the preparatory stage of the Project was carried out during the year. The shareholders assessed the good progress made but consider that some additional time is required to achieve the necessary conditions [...]
Germanischer Lloyd (GL) has appointed Mr Christian Freiherr von Oldershausen to the newly created position of Senior Vice President Global Sales. In his new position, Mr von Oldershausen will be responsible for enhancing global sales, working closely together with GL’s regional and area management. The appointment of Mr von Oldershausen reflects GL’s ambition to further [...]
![Bangladesh Shortlists Bidders for LNG Terminal]()
The Chairman of Pretrobangla, Hussain Monsur, said today that Bangladesh has shortlisted four companies to construct the LNG import terminal at Moheshkhali Island. He told Platts that Golar LNG Energy, a consortium of US’ Astra Oil and Excelerate Energy, South Korea’s Samsung C&T Corporation and India’s Hiranandani Electricity were invited to submit their final bids [...]
Yesterday in Moscow the Turkish party officially handed a note by the Turkish Ministry of Foreign Affairs regarding the South Stream project at a meeting between Vladimir Putin, Prime Minister of the Russian Federation and Taner Yildiz, Minister of Energy and Natural Resources of the Republic of Turkey. All necessary and unconditional permits were granted. These permits allow for unhampered execution of the project for construction [...]
