The prime ministers of Lithuania, Latvia and Estonia said Friday that they wanted European Union money to build a single liquefied natural… (earthtimes) [mappress] Source: earthtimes, February 11, 2011;
ABB, the leading power and automation technology group, announced the completion of its new, world-class electromechanical equipment test facilities at CESI’s headquarters in Milan, Italy. These facilities will be used to test the load capacity and reliability of large motors and medium voltage driv
Total today reported financial results for fourth-quarter and full-year 2010. Commenting on the results, Chairman and CEO Christophe de Margerie said : “Beyond the more favorable environment than the one in 2009, the increase in the 2010 results reflects the improvement in the Group’s performance, w
A frame contract for inspection, maintenance and repairs of subsea installations and pipelines has been awarded by Statoil to Subsea 7. The estimated value of the contract is approximately NOK 2 billion, including options. “With increased focus on lifetime extensions and opportunities for enhanced o
SOCAR delivered 863,733 million cubic meters (mcm) of gas to the state gas supply system in January 2011. 550,804 mcm of gas was collected out during January. A total of 1,414,537 billion cubic meters of gas was consumed in January. This indicator is 158,4 mcm more as compared to the same period of
An Agreement of Cooperation for 2011 was signed at the Gazprom headquarters between Alexey Miller, Chairman of the Company’s Management Committee and Valentina Matvienko, Governor of Saint Petersburg. Pursuant to the document Gazprom and Saint Petersburg will continue joint efforts on comprehensive
The Gazprom Management Committee found it expedient to build up underground gas storage (UGS) capacities beyond Russia to bring the aggregate working gas volume to at least 5 per cent of the annual export supplies before 2030 with a focus on establishing the Company’s own UGS capacities. Specialized
Azerbaijani companies are interested in participating in a tender to build an LNG terminal in Lithuania, the Lithuanian Speaker Irena Dyagut… (oilandgaseurasia) [mappress] Source: oilandgaseurasia, February 10, 2011;
OAO NOVATEK today announced that independent petroleum engineers, DeGolyer and MacNaughton (D&M), have completed their comprehensive reserve appraisals of the Company’s oil and gas reserves as of 31 December 2010. The Company added approximately 1,509 million barrels of oil equivalent (boe) of prove
On 10 February 2011 OAO Gazprom issued its unaudited consolidated interim condensed financial information prepared in accordance with International Accounting Standard 34 “Interim Financial Reporting” (IAS 34) for the nine months ended 30 September 2010. Sales (net of excise tax, VAT and customs dut
The Zarga LNG carrier, with a capacity of 266,000 cubic metres, is due to arrive in the UK’s South Hook terminal February 17, 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
Wärtsilä’s Board of Directors has appointed Mr Björn Rosengren M.Sc. (Tech.), born 1959, as the new President and CEO of Wärtsilä Corporation. He will assume the position on 1 September 2011, succeeding Mr Ole Johansson, who will retire. Currently Mr Rosengren works as Senior Executive Vice Presiden
Following a number of market consultations in 2010, Fluxys and federal electricity and gas regulator CREG have agreed to launch a project to introduce a new access model for the Fluxys natural gas transmission grid by the end of 2012. The new model will give grid users greater flexibility in booking
Nord Stream has won the award for European mid-stream gas project of the year at this year’s Project Finance Awards ceremony. The awards recognise innovation, deal repeatability, best practice, problem solving, risk mitigation, value for money and speed of delivery in financing. Nord Stream was sing
