Vitol Joins EGAS LNG Race

first_imgzoom The Egyptian Natural Gas Holding Company (EGAS) and the Swiss – based company Vitol have signed a contract to import nine shipments of liquefied natural gas (LNG), Egypt’s Ministry of Petroleum reports.The first shipment is scheduled for June 2015, with the remaining cargoes expected to arrive in Egypt over the following two-year period.Back in January, Egypt selected four companies as winners of a USD 2.2 billion tender for seventy-five LNG shipments, which the country plans to receive at its first LNG terminal due to be opened by the end of March.Last week, EGAS signed a deal for seven LNG shipments with the Texas-based Noble Energy.Prior to Noble Energy, Egypt had signed shipment deals with Algeria for six, Russia’s Gazprom for seven, and Dutch Trafigura for thirty-three LNG cargoes.EGAS is currently in talks with BP Company for further twenty-one LNG shipments.last_img read more

Ensign Energy Q3 profit pushed down by impact of foreign exchange fluctuation

CALGARY – Ensign Energy Services Inc. (TSX:ESI) says its third-quarter net income was down 21 per cent from a year ago, as the Canadian drilling company felt the a negative impact from the strength of the U.S. dollar.The Calgary-based company — which reports in Canadian dollars — said that a major reason for reduced profit was the strength of the U.S. dollar, which had a negative impact on debt held by Ensign’s Australian subsidiary.Net income for the three months ended Sept. 30 dropped to $26.5 million, or 17 cents per common share, from $33.7 million or 22 cents per common share a year earlier.Revenue was up seven per cent to $583.3 million from nearly $543 million.Excluding the impact of foreign exchange rates and other items, Ensign’s adjusted net income totalled $36.1 million (24 cents per share), up three per cent from $34.9 million (23 cents per share).The adjusted profit was a penny below the estimate of 25 cents per share and revenue was below the estimate of $599.9 million, according to data compiled by Thomson Reuters. Ensign Energy Q3 profit pushed down by impact of foreign exchange fluctuation by The Canadian Press Posted Nov 10, 2014 5:00 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more

Never give up UN chief urges all who serve marking UN Day

In a video released in advance of UN Day, Mr. Guterres said that, despite the odds and obstacles, and growing inequality “we don’t give up because we know by reducing inequality we increase hope and opportunity and peace around the world.”The UN chief made clear the Organization’s determination to implement climate action, fight for human rights and the life of peace that everyone deserves to enjoy: “On United Nations Day, let us reaffirm our commitment. To repair broken trust. To heal our planet. To leave no one behind. To uphold dignity for one and all, as united nations.”UN day commemorates the anniversary of the entry into force of the UN Charter in 1945. With the ratification of this founding document by the majority of its signatories, including the five permanent members of the Security Council, the United Nations officially came into being.Between October and November, visitors to UN Headquarters can see a photo exhibition called “People on the Move,” which is being displayed in the Visitor’s Lobby of the General Assembly building, in connection with 2018 UN Day.The exhibition captures moments in time from the last seven decades of the millions of those who have, for one reason or another, become people on the move.You can find out more about the UN charter, the history of the Organization and how to visit UN headquarters in Geneva here. read more