PARIS, FRANCE: Total Marine Fuels Global Solutions (TMFGS) and Mitsui O.S.K. Lines, Ltd. (MOL) have signed a long-term charter contract for a second large LNG bunker vessel, to be delivered in 2021. She will be positioned in the Marseille-Fos area in France. This bunker vessel will be built by Hudong-Zhonghua Shipbuilding in China. She will…
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Odfjell SE forms new partnership with Navig8 Chemical Tankers
OSLO, NORWAY: Odfjell SE, one of the leading players in the global market for seaborne transportation and storage of chemicals and other specialty bulk liquids, has reached an agreement with Navig8 Chemical Tankers Inc, where the latter will add 4 modern 25,000 dwt stainless steel chemical tankers to Odfjell’s existing pool, the Chempool25. Following delivery…
Premier Oil achieves first gas from BIG-P project
LONDON, UK: Premier Oil Plc has achieved first gas from its operated Bison, Iguana and Gajah Puteri (BIG-P) project in the Natuna Sea Block A offshore Indonesia. Premier expects BIG-P’s recoverable reserves to be in excess of the 93 BCF (gross) estimated at sanction as a result of the successful three-well drilling campaign which encountered…
Dekel forms JV with GEG to develop HCTPPs in Côte d’Ivoire
LONDON: Dekel Agri-Vision has signed a JV Agreement with Green Enesys Holdings Ltd. (GEG), a European renewable energy company with offices in Switzerland, Germany, Cyprus and Italy, to seek to develop HCTPPs in Côte d’Ivoire. The development of HCTPPs is in line with Dekel’s strategy to further reduce costs at its vertically integrated palm oil…
Active Energy awards first CoalSwitch licence agreement in Canada
LONDON: Active Energy Group Plc, an international biomass based renewable energy business, has agreed terms for the issuance of its first CoalSwitch Licence Agreement to RMD Environmentals, Inc. (RMDE) to develop and manage projects involving the use of CoalSwitch technology in each of the Crown Provinces of Alberta and British Columbia in Canada. RMDE is…
Total Quadran starts up Hélio Boulouparis 2, largest solar power plant with energy storage in overseas France
PARIS, FRANCE: Total Quadran, a wholly owned Total subsidiary involved in the production of renewable electricity in France and its overseas territories, starts up Hélio Boulouparis 2, the largest solar power plant with energy storage in overseas France. The plant is the second tranche of the solar park which is the most extensive solar program…
OKEA ASA completes USD120mn five-year bond issue
OSLO, NORWAY: OKEA ASA, an Exploration and Production (E&P) company, has announced successful completion of a USD 120 million five-year senior secured bond issue with a coupon rate of 8.75 percent and an issue price of 99% of the nominal value. The bond issue attracted broad international investor interest. The bond issue is expected to…
Vulcan to form JV with Pfalzwerke geofuture
PERTH: Vulcan Energy Resources Ltd. has signed a Memorandum of Understanding (MoU) with Pfalzwerke geofuture GmbH, part of the German utility Pfalzwerke Group. The MoU constitutes an initial collaboration period, during which Pfalzwerke geofuture will supply live brine and well data from its operational geothermal power plant, for Vulcan to use in its PFS. A…
Regal Petroleum to acquire UNI
LONDON: Regal Petroleum plc has entered into a Memorandum of Understanding (MoU) for the acquisition of PJSC Science and Production Concern Ukrnaftinvest (UNI), which holds the Belolisky and Alibeysk-Trapivska production licences in Ukraine. The Memorandum is made between the Company and Ms Lidiia Chernysh and Bolaso Investments Limited, who each own 50% of the issued…
Galena appoints Stewart Howe to its board
SUBIACO: Galena Mining Ltd has appointed Stewart Howe as a Non-Executive Director. The appointment of Howe, a mining and chemical engineer with considerable senior management experience in the global lead/zinc industry, has been made as part of Galena’s continuing evolution of its Board to ensure the best available skills are employed as the Abra Base…
Flex LNG enters into a long-term charter with Gunvor
HAMILTON: Flex LNG Ltd. through one of its subsidiaries has entered into a long-term time charter with Clearlake Shipping Pte Ltd, a subsidiary of Gunvor Group Ltd. The period under the time charter is up to ten years where the first five years are firm. The vessel to be employed under this time charter will…
Catalyst forms joint venture with St Barbara
PERTH: Catalyst Metals Limited’s wholly owned subsidiary, Kite Operations Pty Ltd have entered into an earn-in and joint venture agreement with gold producer St Barbara Limited. Under the agreement, St Barbara may acquire a 50% participating interest in EL006507 (the Drummartin Project) by funding not less than $3.5 million of Project Expenditure within 48 months…