Electromagnetic Geoservices ASA (EMGS) and Shell have entered into a Joint Industry Project to plan and design the next generation of 3D EM equipment. Over the next six months the two companies will, in close collaboration, conduct a feasibility study that includes laboratory tests, design solutions
Royal Dutch Shell plc announces that it has today issued 18,288,566 A Ordinary shares in relation to the scrip dividend program for the third quarter 2010 interim dividend. Following the issue today, the total number of A shares in issuance is 3,563,952,539 and the total number of B shares is unchan
Wilhelmsen Ships Service continues to extend its worldwide network coverage by expanding its presence in Turkey. The company has just opened a new office in Aliaga-Izmir, which is the fifth the company has opened in Turkey. The new office is located in the centre of Aliaga and offers easy access and
Gazprom reduced its debt load in 2010 versus late 2009. According to the recently published Gazprom IFRS consolidated information, the Group’s overall debt decreased 17 per cent from RUB 1.63 trillion to RUB 1.35 trillion over the first sixth months of 2010. We forecast that by the end of this year
OAO NOVATEK announced today the closing of the transaction to acquire a 51% interest in OAO Sibneftegas, by the Company’s wholly-owned subsidiary, OOO NOVATEK Severo-Zapad, from OAO Gazprombank. The acquisition price for the 51% interest amounted to RR 26,883 million. In accordance with the terms of
Petrofac, the international oil & gas facilities service provider, issues the following pre-close trading update ahead of the announcement of its audited results for the year ending 31 December 2010, expected to be on 7 March 2011. * Net profit for the year expected to be in line with expectations f
The Mozah LNG carrier, with a capacity of 266,000 cubic metres, is due to arrive in the UK’s South Hook terminal December 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 met
BG Group has today announced the appointment of Patrick W. Thomas as a Non-Executive Director with immediate effect. Commenting on the appointment, BG Group’s Chairman Sir Robert Wilson said: “We are delighted to announce this appointment. Patrick’s international industrial experience will be a valu
In connection with a routine inspection of the Kristin platform in the Norwegian Sea at the end of last week, a high temperature was discovered on the outside of an exhaust duct on one of the gas turbines. The temperature was higher than considered acceptable and a decision was taken to stop product
Wärtsilä, the marine industry’s leading solutions provider, has joined the Sustainable Shipping Initiative (SSI), a programme initiated by Forum for the Future. The initiative brings together the industry’s leading organizations to show what can – and must – be done for shipping to contribute to, an
There will be a leadership change on the E.ON AG Supervisory Board in May 2011. Supervisory Board Chairman Ulrich Hartmann (72) will end his service at the conclusion of the company’s next Annual Shareholders Meeting. There is broad agreement on the Supervisory Board to propose Werner Wenning (64) a
The Government yesterday gave the go-ahead for a new gas installation at Tirley in Gloucestershire, which will help boost UK energy security by allowing for more gas imports. Energy Minister Charles Hendry said: “This Government is committed to ensuring we maintain secure energy supplies. A vital pa
Wärtsilä, the marine industry’s leading solutions provider, has been awarded the contract to supply the propulsion equipment for a new, state-of-the-art, research vessel. The vessel will be operated by the UK’s Natural Environment Research Council (NERC), and is to be built at the C.N.P. Freire S.A.
Shell and Schlumberger announced a multiyear research technology cooperation agreement focusing on improving the recovery factor of oil and gas reservoirs and extending the life of existing oil and natural gas fields. • Goal is to speed development of oil and gas resources to meet increasing demand
