Foster Wheeler AG today reported net income for the second quarter of 2011 of $63.3 million, or $0.52 per diluted share, compared with $58.9 million, or $0.46 per diluted share, in the second quarter of 2010. Net income in both quarterly periods was impacted by asbestos-related provisions. Excluding
Hamworthy plc a world leader in the design and manufacture of innovative marine and offshore fluid handling systems, announced the appointment of Simon James Nicholls to the board as a non-executive director with effect from 1 September 2011. Mr Nicholls, aged 47, is currently Group Finance Director
A meeting took place between Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and a delegation from Brunei Darussalam. The delegation was led by Lim Jock Seng, Second Minister of Foreign Affairs and Trade and Mohammad Yasmin Umar, Energy Minister at the Prime Minister’s Office
Israel can do without natural gas from Egypt, an energy analyst said after saboteurs attacked a pipeline for the fifth time this year… (upi) [mappress] Source: upi, August 1, 2011;
Open Grid Europe, Germany’s leading TSO, and Belgian TSO Fluxys will be offering a bundled cross-border capacity product from 14 September 2011. The product is to simplify significantly the process for market participants to buy firm day-ahead gas transmission capacity between the Zeebrugge Hub in B
Minister of National Infrastructures Uzi Landau yesterday decided to convert the Orot Rabin Power Station in Hadera to run on natural gas in… (globes) [mappress] Source: globes, August 1, 2011;
Eni has completed the sale of its 100% participation interest in Gas Brasiliano Distribuidora S.A. (GBD), a company that markets and distributes natural gas in the State of São Paulo – Brazil, to Petróleo Brasileiro S.A., through its subsidiary Petrobras Gás S.A. (Gaspetro), after receiving the nece
The Lijmiliya LNG carrier, with a capacity of 263,000 cubic metres, is due to arrive in the UK’s South Hook terminal August 7, according to the Milford Haven Port Authority website. The South Hook terminal can process 15.6 million tonnes of LNG a year and is capable of delivering 21 billion cubic me
The Board of Directors of Eni established the Nomination Committee, led by the Chairman of the Board of Directors, Giuseppe Recchi, and composed by the Chairmen of the other Board Committees: Alessandro Lorenzi (Chairman of the Internal Control Committee) Alessandro Profumo (Chairman of the Oil-Gas
The technology company The Linde Group continued to achieve profitable growth in the first half of 2011. “We are well on our way,” said Professor Dr Wolfgang Reitzle, Chief Executive Officer of Linde AG. “We’ve seen a strengthening of demand in both our gases business and our engineering business wo
LNG Energy Ltd. announced that its third vertical well, the Starogard S-1 well on the Starogard concession in Poland, was spudded on July 16, 2011. LNG has an indirect 20% interest in the well which is currently drilling at a depth of about 1,700 meters and has installed 690 meters of steel casing a
Royal Dutch Shell’s second quarter 2011 earnings, on a current cost of supplies (CCS) basis (see Note 1), were $8.0 billion compared with $4.5 billion the same quarter a year ago. Basic CCS earnings per share increased by 74% versus the second quarter of 2010. Second quarter 2011 CCS earnings, exclu
GDF SUEZ announced today two important milestones in the development of its portfolio of exploration & production assets. These operations are located for the one in a mature area in Norway and for the other in a promising region in Asia. Thus, the Group acquired an additional 20% share in the offsh
Repsol posted net income of 1.344 billion euros in the first half of 2011, slightly higher than the 1.338 billion euros of the year-earlier period. The group’s operating income totalled 2.722 billion euros compared with 3.004 billion euros in the same period of the previous year. The company’s perfo
