Statoil’s second quarter 2011 net operating income was NOK 61.0 billion (USD 11.15 billion) , a 129% increase compared to NOK 26.6 billion (USD 4.86 billion) in the second quarter of 2010. The quarterly result was mainly affected by a 32% increase in the average prices for liquids measured in NOK, a
The liquefied natural gas carrier „Al Samriya‟ berthed today, July 27, at Gate terminal, the Netherlands The “Al Samriya” is third LNG carrier that delivers its commissioning cargo for Gate LNG project after the arrival of the „British Trader‟ and the “Arctic Voyager‟. Prior to the start of commerci
BP today said that it expects future cash flows generated by its worldwide operations to grow faster than output. This growth is expected in both its upstream and downstream businesses as the company delivers its strategic priorities, increases its investment in future growth opportunities and portf
BG Group announced that its revenue and other operating income in 2Q increased by 26% to $5 115 million, reflecting the benefit of higher commodity prices and a 3% increase in E&P production, with solid operational performance across the Group’s assets. As a result of the above and a lower explorati
BHP Billiton and Petrohawk Energy Corporation (“Petrohawk”) announced today that on 22 July 2011, BHP Billiton and Petrohawk received notice from the U.S. Federal Trade Commission of early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act in relation to BHP Bil
Sterling Resources Ltd. (“Sterling” or the “Company”) announces that the Field Development Plan (“FDP”) for the Breagh gas field has received the unconditional approval of the UK Department of Energy and Climate Change (“DECC”). FDP approval from DECC was formally granted at a ceremony that took pla
Foster Wheeler AG announced today that its board of directors has approved a senior leadership succession plan under which J. Kent Masters, 50, will become the company’s Chief Executive Officer, effective October 1, 2011. It is expected that he will stand for election to the company’s board of direc
In Nigeria, Saipem has been awarded the contract for the Otumara-Saghara-Escravos gas pipeline by Shell Petroleum Development, as part of Shell’s program to reduce gas flaring in the Country. The 42-kilometre-long pipeline, of various sizes ranging from 2 to 12 inch, and passing through a swampy ter
Bowleven, the West Africa focused oil and gas exploration group traded on AIM, announces the departure of John Morrow, Group COO, for personal reasons. Following a hand over period, Non Executive Director, Phil Tracy, who has extensive operations experience, will assume the role of Operations Direct
The European Bank for Reconstruction and Development and the European Investment Bank have signed a memorandum of understanding with Ukraine’s national oil and gas company, NAK NaftoGaz, to finance the modernisation of the country’s Soviet-era gas transportation system. Each institution plans to inv
During a public meeting held in Accademia dei Concordi, Rovigo the results of the environmental assessment related to the animal and plant life around the onshore part of the gas pipeline are presented, including coastal and agricultural areas, lagoons and valleys. The monitoring was conducted by na
The Al Samriya LNG carrier, with a capacity of 263,000 cubic metres, is due to arrive in the Netherlands’ new LNG terminal on July 27 from Qatar. This will be the terminal’s third commissioning cargo. Prior to the start of commercial operations of Gate terminal in September 2011, the installations w
The 4th edition of Offshore Energy will again be bigger than previous editions. Based on exhibitor numbers of 2010 (231), the expected number of exhibitors this year is 300. Current developments show that this number of exhibitors is realistic. Even more, based on present numbers, event-orgaziner Na
The Board of Directors of Schlumberger Limited announced today that Andrew Gould, Chairman and Chief Executive Officer of Schlumberger Limited will retire as Chief Executive Officer effective August 1st 2011. Mr. Gould will continue to serve as Chairman of the Board until the annual general meeting
