Statoil has awarded Songa Offshore a contract for hire of the semi-submersible rig Songa Delta, for use in the fast-track portfolio on the Norwegian continental shelf (NCS). The contract value is approximately USD 400 million. The rig will carry out production drilling for Statoil’s fast-track portf
On February 28, the board of Uddeholms AB decided to invest a total of 100 million SEK (€11.3 million) in upgrading the company’s production capability in Hagfors, Sweden. The investments are in line with the growth plan the company, which is a leading manufacturer of steel for industrial tools, has
Alexander Medvedev (image), Deputy Chairman of the Gazprom Management Committee and Wang Dongjin, Vice President of China National Petroleum Corporation (CNPC) held another round of commercial negotiations in Moscow. The parties discussed the terms and conditions for Russian natural gas delivery to
Repsol has been rated as a “Gold Class” company for the fourth consecutive year, in the “Sustainability Yearbook 2011” complied by PricewaterhouseCoopers together with Sustainable Asset Management (SAM), an independent company that produces the annual assessments for the Dow Jones Sustainability Ind
The specialist for propulsion and power solutions Tognum decided at the meeting of the Supervisory Board on 14 March 2011, that Dieter Royal (47) will join the Executive Board as the new member responsible for the Finance and Corporate Services Division effective 1 October 2011. Dieter Royal succeed
By introducing a new solution for LNG-fuelled ships, DNV and MAN Diesel & Turbo are taking the Quantum concept ship one stroke further. Both the machinery and the hull design and arrangement have been improved. A year ago, DNV launched its container ship concept – Quantum. This concept ship was desi
LNG Energy Ltd. announced that Saponis Investments Sp. Z o.o. (Saponis), has spudded its second Polish gas shale well, Lebork S-1 on March 11, 2011, on the Slupsk concession. LNG Energy holds a 20% net working interest in Saponis which in turn owns three concessions in Poland. Immediately after dril
The LNG Imo liquefied natural gas carrier, with a capacity of 148,452 cubic metres, is due to arrive in the UK’s Dragon terminal March 22, according to the Milford Haven Port Authority website. BG and Petronas between them have contracted for the full capacity at Dragon LNG’s Milford Haven site over
The Umm Slal LNG carrier, with a capacity of 266,000 cubic metres, is due to arrive in the UK’s South Hook terminal March 22, 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 met
OJSC NOVATEK plans to select two or three more partners for the Yamal LNG project by the end of this year, the company’s CFO, Mark Gyetvay… (interfax) [mappress] Source: interfax, March 15, 2011;
Transeuro Energy Corp. today announced weekly update on its Ukraine operations. Operations for the first production test of the previously announced 4 test programme on Karl-101 are underway. Pressure testing of the equipment required to flow the well is taking longer than anticipated. The Company w
For the first time in its history, Gastech, (21-24 March) will play host to a Russian National Seminar. The seminar examines the development prospects for the energy market in Russia and the activities of Russian oil companies abroad. Leading Russian gas companies will attend and present new project
BG Group today announced that Fabio Barbosa has been appointed to the Board as an Executive Director and as Chief Financial Officer, effective 31 March 2011. Fabio Barbosa joined BG Group in December 2010. He was until June 2010 the Chief Financial Officer at the Brazilian mining company Vale S.A.,
Repsol has agreed to sell a 3.83% stake of YPF to Lazard Asset Management and other investment funds for $639 million. Both transactions have been agreed at a price of $42.4 per share. Lazard Asset Management will acquire for $484 million a total of 2.9% of YPF for a number of its clients*, while [&
