Leisure & Gaming Share Discussion Threads

[waldron] 10/10/2017 13:06

PARIS (Agefi-Dow Jones) - Norwegian energy group Statoil has selected Gas4Sea-Engie, Mitsubishi Corporation and NYK partners as LNG marine fuel suppliers for four oil ships in the port of Rotterdam in the Netherlands. announced Tuesday the producer and distributor of gas and electricity Engie (ENGI.FR) in a statement.

PRINCIPAL ISSUES:

-These four bi-fuel ships will be commissioned in early 2020 and will be operated by Statoil in the seas of northern Europe.

-Gas4Sea will supply them with LNG from the bunker Engie Zeebrugge, which went into operation a few months ago. The vessel currently operates a regular LNG bunkering service in the port of Zeebrugge, Belgium.

- With a capacity of 5,000 m3 of LNG, the Engie Zeebrugge is designed to meet the needs of a wide variety of vessels in and around Zeebrugge.

-Gas4Sea is a trademark jointly launched in 2016 by Engie, Mitsubishi Corporation and NYK to develop the use of LNG as a sustainable, reliable, safe and economical alternative to conventional petroleum based marine fuels. Its ambition is to support the maritime transport sector in its transition to a greener maritime environment, in Europe and in the world.

-Agefi-Dow Jones; +33 (0) 1 41.27.48.11; [e-mail] ed: ASO

[grupo] 10/10/2017 11:18

BP strengthens liquefied natural gas shipping capacity

10 October 2017/Categories: CILT, Industry News, Logistics & Supply Chain, Freight Forwarding

BP is taking delivery of six new, state-of-the-art liquefied natural gas (LNG) tankers to support its expanding global LNG portfolio, and to respond to growing demand for lower-carbon energy sources around the world.

BP’s finance partners KMarin and ICBC Leasing are investing over $1 billion in the tankers, which will join existing tankers in BP Shipping’s fleet in 2018 and 2019. The vessels will help service a 20-year liquefaction contract with the Freeport LNG facility in Texas, as well as other international LNG projects in BP’s global portfolio.

“These vessels will significantly increase BP’s ability to safely transport LNG to anywhere in the world, directly supporting BP’s global natural gas strategy,” said BP Shipping CEO Susan Dio. “They also will be among the most fuel-efficient and technically advanced LNG tankers ever built.”

Equipped with next-generation engine technology, the new ships are designed to be about 25 percent more fuel efficient than their predecessors. They also will be fitted with a reliquefaction plant, meaning evaporated natural gas in the cargo tanks can be returned to the tanks as LNG, allowing the ships to deliver more LNG to the market.

BP has a long-term contract for 230 Trillion BTUs per year of LNG capacity in the Freeport LNG facility. The Freeport LNG liquefaction facility is under construction, and the first train is expected to be operational by the end of 2018.

BP also participates in LNG projects in Australia, UAE, Indonesia, Trinidad and Angola. This portfolio includes a mix of long-term, mid-term and short-term supply to enable BP to best meet the ever-changing needs of its global portfolio of customers.

“BP has built a diverse LNG portfolio spanning both established and emerging markets,” said Alan Haywood, CEO of BP’s global supply and trading business. “Freeport is the latest example of how BP continues to expand the reach of our LNG business and serve our customers with flexible solutions through leveraging our scale, connectivity and relationships - and another sign of our commitment to remaining at the forefront of this rapidly growing and important global business.”

The 2017 BP Energy Outlook forecasts that global LNG trade will grow seven times faster than pipeline gas trade, such that by 2035 it accounts for around half of all globally traded gas. The newly expanded BP Shipping fleet will deliver LNG volumes to a range of BP customers around the world.

[grupo] 10/10/2017 11:05

Oct. 10 (UPI) -- Norwegian energy major Statoil will start using liquefied natural gas as a maritime fuel at the port of Rotterdam by the next decade, a French gas company said.

French energy company ENGIE and its Japanese consortium partners said they were selected by Statoil to supply LNG as fuel for four crude shuttle tankers at the Norwegian port of Rotterdam.

"The four planned dual fuel vessels are to come into service in early 2020," the French company said. "They will be operated by Statoil in northern European seas."

Deliveries will be supported by bunkering vessel ENGIE Zeebrugge, which is currently in service in Belgian waters.

The French company in June said the ENGIE Zeebrugge was its first to provide ship-to-ship supplies for LNG as a fuel when it delivered LNG to two gas-propelled carriers belonging to United European Car Carriers. Bunkering, or the supply of fuel for use by ships in a seaport, was carried out at the Belgium port of Zeebrugge at the same time that cargo loading was taking place.

ENGIE, working in cooperation with its Japanese and Belgian natural gas transmission operator Fluxys, took delivery of the bunkering vessel, which itself is powered by LNG, in February.

With international regulations calling for fewer emissions in the transportation sector, LNG serves a unique niche.

The LNG used for the bunkering vessel is sourced from the portfolio of the French company, which is one of the largest LNG suppliers in the world. ENGIE signed an agreement with Japanese shipping company NYK to build the LNG-powered vessel in 2015.

No terms of the arrangement with Statoil were released and the Norwegian company had no public statement on the agreement.
Related UPI Stories

French company makes strides for maritime LNG
Total next to make strides with LNG as a marine fuel
French energy company ENGIE marks first for LNG as a fuel
LNG considered for maritime shipper fuel

[sarkasm] 08/10/2017 09:51

Increased US LNG exports ‘could be worth $73bn’

Oct 08, 2017 Jonny Bairstow Coal, Gas & Oil, Markets & Finance, Top Stories 0
An LNG vessel. Image: Shutterstock

Increased US natural gas exports could add up to $73 billion (£55.9bn) to the nation’s economy by 2040.

That’s according to the American Petroleum Institute (API), which suggests this growth could support up to 452,000 additional American jobs.

The group estimates the greater use liquefied natural gas (LNG) across the world would reduce global greenhouse gas emissions, result in cleaner air and offer increased energy security.

The study also concluded increased LNG exports would have a minimal impact on natural gas prices.

The potential global market is now estimated to be 32 trillion cubic feet (Tcf) by 2040, significantly up from the 22Tcf estimated in 2013.

API Executive Vice President and Chief Strategy Officer, Marty Durbin, said: “This report confirms that increasing US LNG exports would bring great benefits to American workers and consumers and the US economy.”

[maywillow] 07/10/2017 10:41

Total targets French residential market for natural gas consumption
10/5/2017

Paris -- Total is expanding in the residential gas and power distribution market in France with the introduction of Total Spring, a natural gas and green power offering that is 10% cheaper than regulated tariffs, according to the company.

“Although the residential market was deregulated 10 years ago, French consumers haven’t really seen the effect on their bills. Today, Total is rolling out a unique offering in the French residential market: an affordable, reliable and simple solution. In 2011, we successfully introduced the Total Access service station concept. We’re aiming to repeat that success today with Total Spring, the most competitive natural gas and green power offering in the market. We hope that nearly three million French customers will place their trust in us and subscribe,” said Patrick Pouyanné, chairman and CEO of Total.

The Total Spring rollout will be supported by a major multimedia advertising

[waldron] 01/10/2017 08:05

Bloomberg/Houston

Whether it’s hot or cold may be less of an issue for US natural gas traders in the future as the nation exports record amounts of the fuel, according to one analyst.
Demand for cargoes of super-chilled US liquefied natural gas “is going to rival and could surpass weather as a core driver of electricity and natural gas prices in the US” in the next few years, Andrew Weissman, chief executive officer of EBW AnalyticsGroup in Washington, told a conference in Houston last week.
Cheniere Energy Inc, which shipped its first cargo of LNG last year from its flagship Sabine Pass terminal in Louisiana, has become the biggest US buyer of physical natural gas. It will soon be joined by Dominion Energy Inc, which has won approval to move forward with its own plant.
US developers such as Exelon Corp, Magnolia LNG and Tellurian Inc, are planning to build more than 24 LNG plants in the next decade, Weissman said. At the same time, new projects in countries including Canada, where Petroliam Nasional Bhd. just cancelled a project, have almost ground to a halt. That leaves the US as “one of and potentially the lowest-cost source of incremental gas supply,” he said at the Weather & Price Tealeaves IV conference.
Weissman estimates that US LNG production could amount to 12bn cubic feet a day by 2020. That’s six times the amount of gas that has flowed daily into Sabine Pass, the only exporting facility in America, on average so far this year.
The bulk of the demand growth is coming from Asia, Jack Fusco, Cheniere’s chief executive officer, said in an interview with Bloomberg TV this month. China’s thirst alone for LNG has increased more than 40% year-over-year and its recently released electrification plan could drive up demand further.
That said, increased production could end up limiting the amount the power plant-fuel surges on cold winter days, Kyle Cooper, director of commodities research at IAF Advisors in Houston, said by phone on Thursday.
“It limits potential upside because you’ve got that fluent supply that could be available immediately given the right price signal,” Cooper said. “Ten years ago, it was not immediately available.”


An LNG carrier sits docked at the Cheniere Energy terminal in Sabine Pass, Texas on February 24, 2016. US developers are planning to build more than 24 LNG plants in the next decade.

[fft] 29/8/2012 11:12

Had a corporate action notificstion from Nat West a week or so ago.

"We have received notice that the common shares of Leisure & Gaming Plc. have been deemed worthless and will be removed from your account, effective from 27th July 2012"

my biggest ever loss i think.

[burgerbarwomen] 28/10/2011 21:35

poker still live though. sports gone.

[investmentguru] 01/10/2011 10:50

Davidosh - as always, your calculations reflect your point of view, rather than the facts. In the case of GVC, that means you have conveniently ignored the massive dividends received - I have received my initial investment back in full as dividends and still have my original holding (bought at around a £1 several years ago) generating a 20%+ return per year.

[hywel] 17/9/2011 00:43

Cliff doesn't post on the boards much now but he's still writing articles for TMF:

[ldmachin] 17/9/2011 00:20

davidosh,

In all seriousness, i had a quick flick through advfn and fool.co.uk, and didn't see any posts that Cliffy has made recently. Do you still see him, is he doing alright after this LNG debacle?

[davidosh] 15/9/2011 16:02

IG....you have a short memory. I held GVC and organised a shareholder group meeting with the directors in March 2010 from memory when they did that very unshareholder friendly share options buy back deal that gave the directors nearly a million in straight cash. I sold up.

The GVC share price two years ago was £2.20 and is now half that. My overall portfolio is up over 40% in that time so holding on to GVC would have been a bad move. Staying invested in LNG was a bad move as at one point I was 40% up on my holding but I make bad decisions too. Comparing GVC and LNG is pointless.

[investmentguru] 15/9/2011 14:15

I remember Davidosh trying to say that LNG was a better investment than GVC. Him and Cliffy just ignored the many warnings that were given.

[ldmachin] 25/8/2011 00:40

Anybody seen Cliffy and/or Davidosh to ask them what they think of Betshop going down the sh*tter?




Must be a bitter sweet feeling?

[csilondon] 10/6/2011 07:52

i remember someone telling me that this was better then playwize plc!

[lw425] 01/6/2011 22:16

"The others held are said to include ex-Serie A players, current players from both Serie B and Serie C, club directors from lower leagues and betting shop employees"

[burgerbarwomen] 10/2/2011 10:28

any LNG investors wishing to bag a multi bagger should take a long hard look at AGL.

That's AGL with a broker target of 126p.

Cap about 9m at 30p. Only 30m share in issue. Profitable.




Decent info in the header.

You'll be thanking me big time soon enough.

[guidfarr] 19/12/2010 12:12

what a sad ending - there is a pungent smell of fraud in its bankruptcy