Two of the world’s largest oil companies, Royal Dutch Shell and Chevron, obtained the right to develop Ukrainian shale gas fields Yuzivske and Oleske, informed Prime Minister of Ukraine Mykola Azarov in his interview with Euronews. The fields are expected to provide Ukraine with up to ten percent of
One of Scotland’s leading offshore engineering and fabrication companies is establishing its first permanent base in Norway this week, First Minister Alex Salmond announced today during his visit to the country. Global Project Services, a subsidiary of the Global Energy Group, which has been operati
Wärtsilä Hamworthy, the global leader in environmental and liquid cargo handling solutions for the marine and oil & gas markets, has won a contract to supply its Flare Gas Recovery packages to four floating production, storage and offloading (FPSO) units under construction for Petrobras. The units,
In the first quarter of 2012, the PGNiG Group posted a PLN 297m net profit, down by 71% from PLN 1.025bn in Q1 2011. One of the main reasons behind the decline, despite a 27% growth in revenue (to nearly PLN 9bn), was a negative margin on sales of high-methane gas (-10%). This was, in […]
As vessel sizes steadily increase, so too do the pressures exerted on port infrastructure. However, a recent report indicates that many commercial ports don’t have adequate infrastructure in place to manage the increase in vessel sizes coming through their terminals. Richard Hepworth, Managing direc
Mr Marek Karabuła, Vice-President of the Management Board of PGNiG in charge of Petroleum Mining since May 12th 2012, will serve as President of the Management Board of POGC Libya B.V. Consequently, on May 11th 2012, Mr Karabuła tendered resignation from his position on the PGNiG Management Board an
Wärtsilä, a leading global supplier of flexible and efficient power plant solutions and services, has signed an Operations & Maintenance (O&M) agreement with Sasol New Energy Holdings, a wholly owned subsidiary of Sasol, the integrated global energy and chemical company. The three year agreement cov
Sakhalin Energy presented in Moscow its 2011 Sustainable Development Report. It is the company’s third report produced in compliance with the Global Reporting Initiative (GRI) standard. It is in line with B+ classification and, just as the previous two reports, was endorsed by the Council for Non-Fi
OAO NOVATEK, Russia’s largest independent gas producer, released its consolidated interim condensed financial information as of and for the three months ended 31 March 2012. In the first quarter of 2012, the company’s total revenues grew by 21.1% to RR 54,373 million compared to RR 44,894 million in
The Shareholders of Nord Stream AG have asked the company to conduct a feasibility study of possible options to further increase the capacities to transport natural gas from Russia to the EU through the Baltic Sea. Over the next eight months, Nord Stream will make an assessment of various criteria o
SBM Offshore announced the proposed appointment of Mr Peter van Rossum as Chief Financial Officer (CFO) and as a member of its Management Board. Subject to approval by shareholders at an Extraordinary General Meeting to be held on 27 June 2012, Mr Peter van Rossum will start his new function on 2 Ju
Oil & Gas UK’s report on the UK oil and gas well services sector, published on Wednesday, shows that in 2011 the gross revenue generated from UK oil and gas business grew dramatically by 28 per cent to $2.8 billion (£1.7 billion). The number of highly-skilled jobs supported by the sector across the
Ukraine has offered Qatar to take part in the construction of an LNG terminal in the Odessa region, Ukraine Prime Minister Mykola Azarov said. Prime Minister Mykola Azarov stated this during his meeting yesterday with Qatari Premier and Foreign Minister Sheikh Hamad bin Jassem al-Thani. The PM also
MYTILINEOS Group subsidiaries ALUMINIUM S.A., Protergia S.A. and Korinthos Power S.A. signed with the Public Gas Corporation (DEPA) new agreements for their supply with natural gas, under the “umbrella” of a Joint Management Agreement for all involved plants. This Agreement, which will remain in eff
