NYC-based PIRA Energy Group believes that tighter global LNG supplies will keep Asian spot prices from their normal second quarter dip. In the U.S., the tightening of gas balances is under way in the months ahead. In Europe, colder-than-normal temperatures will continue to support spot gas prices. Specifically, PIRA’s analysis of natural gas market fundamentals [...]
Awilco LNG of Norway reported freight income of USD 12.4 million in the second quarter of 2012 (USD 17.7 million in Q1 2012) and an EBITDA of USD 3.0 million (USD 11.8 million in Q1 2012). In this quarter, earnings are affected by dry dock of WilPower from May until to 20 June. In April WilGas was fixed [...]
Golar LNG Partners reported net income attributable to unit holders of $19.8 million and operating income of $33.0 million for the second quarter of 2012, as compared to $18.2 million and $31.9 million, respectively for the second quarter of 2011. Operating results for the second quarter of 2012 improved compared to the same period in [...]
FLEX LNG announced that the Q2 2012 financial report was approved by the Board of Directors on 23 August 2012. In the first quarter the front-end engineering and design work for a potential project in Papua New Guinea was finalised, although subsequently no further progress has been made on this project. The Company has in [...]
GasLog, an international owner, operator and manager of LNG carriers, today reported its financial results for the quarter ended June 30. Revenues were $16.7 million (which eliminates $1.1 million of intercompany revenue) for the quarter ended June 30, 2012 ($16.5 million for the quarter ended June 30, 2011). The increase is mainly attributable to an [...]
MISC of Malaysia has returned to profitability after two consecutive quarters of losses with its second quarter net profit of RM436.7 million. The Group had recorded losses in the last two quarters arising from provisions made in respect of the Group’s planned cessation of its Liner related business. Following the cessation of the Group’s Liner [...]
InterOil reported net loss for the quarter ended June 30 of $31.7 million compared with a net profit of $23.5 million for the same period in 2011. Second Quarter 2012 Highlights and Recent Developments InterOil announced confirmation of gas and an increased condensate ratio in an additional 131 feet (40 metres) of pay in the [...]
Pacific Rubiales Energy released its unaudited consolidated financial results for the quarter ended June 30, 2012. Second Quarter 2012 Highlights EBITDA increased to a record $560 million ($1,098 million for the first six months, an increase of 19% compared to the same period in 2011), driven by production growth and higher netbacks. Net Earnings of [...]
Chesapeake Energy Corporation announced financial and operational results for the 2012 second quarter. For the 2012 second quarter, Chesapeake reported net income to common stockholders of $929 million, ebitda of $2.385 billion and operating cash flow of $895 million on revenue of $3.389 billion and production of 347 billion cubic feet of natural gas equivalent [...]
Westport Innovations, the global leader in natural gas engines, reported financial results for the second quarter ended June 30. Second Quarter Financial and Business Highlights Reported consolidated revenues of $106.1 million for the quarter ended June 30, 2012 compared with $44.9 million for the same period last year, an increase of 136.3%. Reported net loss [...]
