Today, Statoil presented its long term growth outlook. The company expects to raise production from around 1,9 million barrels in 2010 to above 2.5 million barrels of oil equivalents per day in 2020. With premium positions on a revitalised Norwegian Continental Shelf (NCS) and a world class project
Shell and China National Petroleum Company (CNPC) today signed a Global Alliance Agreement emphasizing their shared intent to pursue mutually beneficial cooperation opportunities internationally as well as in China. The two parties also signed a Shareholders Agreement to establish a Well Manufacturi
South Korean shipbuilding and shipping conglomerate the STX Group said Monday it has signed an initial deal to build a $1 billion shipyard in Russia… [mappress] Source: yahoo, June 20, 2011;
The National Infrastructures Ministry instructed the Israel Oil Co. and its partners to begin developing the one-billion cubic meter or natu… (jpost) [mappress] Source: jpost, June 20, 2011;
On 17 June 2011 at the St. Petersburg International Economic Forum, Sovcomflot – the largest operator of ice-class LNG tankers – signed a contract with Gazprom Global LNG Limited (GGLNG), a subsidiary of Gazprom, for the long-term time charter of two ultra-modern ice-class LNG-carriers. The long-ter
Alexey Miller (image), Chairman of the Gazprom Management Committee and Peter Loescher, President and Chief Executive Officer of Siemens AG held a meeting today as part of the St. Petersburg International Economic Forum 2011. The parties summed up the interim results of cooperation giving particular
The most recent Vigeo ranking shows GDF SUEZ to be the utilities sector leader in human resources management and among the five best-performing companies in the area of corporate social responsibility. This assessment is based on six broad categories: environment, human resources, human rights, comm
In order to adapt the organization to the Strategic Plan and improve efficiency in the management of the company, Repsol YPF has approved Thursday the appointment of Miguel Martinez San Martin as Chief Financial Officer and ED Affiliated Companies. The new division’s functions include financial mana
Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Dusan Bajatovic, Chief Executive Officer of Srbijagas held a meeting today as part of the St. Petersburg International Economic Forum 2011. The parties discussed the progress with the transnational South Stream gas pipeline
GDF SUEZ has signed a time charter-party with the Japanese shipowner NYK Line for the LNG carrier Grace Acacia, for a 4-year period starting from summer 2012. The Grace Acacia is co-owned by NYK Line and Mitsui and has been delivered from Hyundai shipbuilding yards in 2007. She is equipped with Mark
A meeting between Alexander Medvedev (image), Deputy Chairman of the Gazprom Management Committee and Zoran Stavreski, Deputy Prime Minister of the Republic of Macedonia was held today within the framework of the St. Petersburg International Economic Forum 2011. The meeting participants discussed th
The Umm Slal LNG carrier, with a capacity of 266,000 cubic metres, is due to arrive in the UK’s South Hook terminal June 23, 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 metr
The Financial Supervisory Authority of Norway (Finanstilsynet) has approved the prospectus dated June 15, 2011 in connection with the listing of 5,551,180 new shares on Oslo Børs. The prospectus will be made publicly available at the offices of Golar LNG and the Managers. The prospectus will also be
The Gazprom Management Committee adopted the Gas Industry Mineral Resource Base Development Program until 2035. It was noted that the Program implementation would allow adding some 20 billion tons of fuel equivalent between 2011 and 2035. Specialized structural units were tasked to keep replenishing
