KBR announced that its wholly-owned subsidiary, M.W. Kellogg Limited reached civil settlement with the UK Serious Fraud Office. The agreement was granted by the High Court under the Proceeds of Crime Act 2002 and stems from KBR’s violations under the Foreign Corrupt Practices Act occurring between 1
Tap Oil Limited provides the following update on the Zola-1 exploration well, offshore Carnarvon Basin, Western Australia. Location / Proposed Depth The Zola-1 well is located in permit WA-290-P, immediately south of the giant Gorgon gas field in the Carnarvon Basin, Western Australia. The well is b
Santos today announced a net profit of $500 million after tax for the year ended 31 December 2010, 15% higher than the previous year. Underlying net profit of $376 million was up 46% on the previous year due to higher product prices and lower exploration expense. The 2010 headline result includes a
Wärtsilä has, in the autumn of 2010, initiated a major project to further develop its low-speed engine portfolio to include gas engines, alongside its medium-speed dual fuel engines, as part of the company’s strategy. A new test engine will be installed in the Trieste engine laboratory in Italy in M
LNG Energy Ltd. is pleased to announce that the Wytowno S-1 well has been drilled to its total depth of 3,580 meters and is currently being prepared to have casing run and cemented. While drilling, significant natural gas shows were recorded in over 221 meters of the Lower Silurian, Ordovician and C
SGS is pleased to announce its attendance at Gastech 2011 from March 21 to 24. Having attended for a number of years, SGS will be exhibiting along with the world’s leading gas industry experts at the Amsterdam RAI, where Gastech 2011 will take place. SGS will be presenting its wide range of services
Total and IPIC have signed an agreement whereby Total will sell its 48.83% share in the capital of CEPSA. This sale will take place pursuant to a public takeover bid over the entire share capital of CEPSA that IPIC has undertaken to file with the Spanish Securities Commission CNMV. IPIC will offer 2
ABS President and Chief Operating Officer Christopher J. Wiernicki will assume the duties of Chief Executive Officer of ABS following the classification society’s annual meeting in April 2011. Robert D. Somerville, currently Chairman and CEO of ABS, will relinquish the CEO responsibilities while rem
In the first large-scale application of its type, GE Oil & Gas advanced compressor technology is minimizing liquefied natural gas (LNG) boil-off gas flaring at LNG berths at the Ras Laffan Port, Ras Laffan Industrial City in Qatar, by making productive use of the gas that boils off during loading of
Eni, the international oil and gas company, today announced the Group preliminary results for the fourth quarter and the full year 2010 (unaudited). Financial Highlights • Adjusted operating profit: €4.74 billion in the quarter (up 28%); €17.3 billion for the full year (up 31.9%). • Adjusted net pro
Ropes made with Dyneema®, ultra-high molecular weight polyethylene (UHMWPE), are proving a safe and secure alternative to steel wire rope for connecting barges and vessels in “push combinations” working on inland waterways. In push combinations, the barge and the unpowered vessel in front of it have
Tap Oil Limited provides the following update on the Zola-1 exploration well, offshore Carnarvon Basin, Western Australia. Location / Proposed Depth The Zola-1 well is located in permit WA-290-P, immediately south of the giant Gorgon gas field in the Carnarvon Basin, Western Australia. The well is b
Eastern Star Gas Managing Director David Casey Discusses LNGN and Narrabri Coal Seam Gas Projects with openbriefing.com: Eastern Star Gas Limited recently announced a commitment to carry out front end engineering and design work (FEED) for the LNG Newcastle (LNGN) Project (100% ESG owned) and a feas
Talisman Energy Inc. reported its operating and unaudited financial results for 2010. The company was successful in strategically repositioning its portfolio and achieving its 2010 operating targets. – Cash flow was $3.1 billion, down 23% from 2009, due to higher cash taxes in 2010 and lower cash pr
