FLEX LNG said its cash balances at 31 March were $ 4.9m (2012: $11.6m) with $1.4m net out flow (2012: $3.2 m) in the quarter. In the three months in 2013 the operating cash out flow was $1.3m (principally the operating loss excluding non cash and working capital movements ). The loss before tax was [...]
The UK’s first open access Bio-LNG filling station, built by Gasrec, is launched today in an official opening by Parliamentary Under Secretary for the Department for Transport, Norman Baker MP. This launch marks the start of a nationwide investment in infrastructure seeking the ultimate prize of wiping out nearly two-thirds of the nation’s heavy goods [...]
Wood Group announced the acquisition of Intetech Limited, a niche provider of software and engineering consultancy services for well integrity and corrosion management to the global oil & gas market. Formed in 1991, Intetech employs around 30 people, had revenue for the year to December 2012 of $4.2m and operates internationally from offices near Chester, [...]
The Al Ghashamiya LNG carrier, with a capacity of 217,000 cubic metres, is due to arrive in the UK’s South Hook terminal from Qatar on May 27, according to the Milford Haven Port Authority website. The South Hook LNG terminal, a part of the Qatargas 2 integrated Value Chain, is one of the largest LNG [...]
South Hook Gas has cemented its position as the UK’s largest LNG terminal shipper with the arrival and safe off-loading of its 300th cargo. The Umm Slal sailed on Saturday from the South Hook LNG Terminal in Milford Haven. As a Q-Max vessel, the Umm Slal is one of the biggest LNG vessels in the [...]
The Aamira LNG carrier, with a capacity of 266,000 cubic metres, is due to arrive in the UK’s South Hook terminal on May 23, according to the Milford Haven Port Authority website. This is the second cargo that is scheduled to arrive at the South Hook terminal in the next seven days and they are [...]
Ophir Energy plc provided an Interim Management Statement and Operational Update for the period 1 January 2013 to 16 May 2013. Corporate Highlights: End April 2013 cash balance of $891.0MM Significantly strengthened the company’s financial position by raising proceeds of $832.7 million via a Placing and Rights Issue to further progress the Group’s strategy Material [...]
BG Group Chief Executive, Chris Finlayson will on Tuesday deliver a strategy update outlining the next stage of the company’s growth. The Group’s immediate priority is execution, primarily the delivery of its 2013 milestones and the growth projects in Australia and Brazil. As detailed in the company’s first quarter results, BG Group is making good [...]
Against a backdrop of sustained cold weather and periods of higher commodity prices, Centrica has performed well in the year to date. This strong performance enables the business to continue to invest in customer service and price competitiveness and full year earnings growth is expected to be in line with market expectations. The company also [...]
The Al Safliya LNG carrier, with a capacity of 210,000 cubic metres, is due to arrive in the UK’s South Hook terminal on May 19, port data reveals. This is the third tanker expected to deliver an LNG shipment from Qatar at the terminal this week. Qatar Petroleum owns 67.5 per cent of South [...]
