Further to the other guidance provided to the market in Oil Search’s 2010 fourth quarter report on 25 January 2011, Oil Search advises that its 2010 full year effective tax rate is expected to be approximately 35%, compared with the statutory rate of 50% applicable to oil operations in PNG. The effe
FMC Technologies, Inc. reported fourth quarter 2010 revenue of $1.1 billion and diluted earnings per share from continuing operations of $0.82. The diluted earnings per share were affected by a combination of tax items that resulted in a net benefit of $0.13 per diluted share. Total inbound orders o
Norske Shell AS has signed a letter of intent with AGR Drilling Services for a contract worth NOK84m (£9m). AGR Drilling Services’ excavation and trenching technology has been chosen by Shell for the next phase of its extension project in the northern part of the Ormen Lange field. Four new engineer
The United Nations Industrial Development Organization (UNIDO) and Statoil, a leading international energy company in oil and gas production, will work together to examine the feasibility of common projects to promote sustainable energy access and industry in developing countries. An agreement on th
The well # 57 from the platform # 11 was commissioned at Gunashli field. The daily production of the well, drilled to Girmaki Suite by SOCAR-AQŞ JV, makes 186 thousand cubic meters of gas and 25 tons of condensate from 3845-3832 meters. The well will be commissioned by 28 May Oil and Gas Production
Transeuro Energy Corp. issues an update on its Ukraine operations. The well has drilled through the C14 and C15 intervals with continuous background gas and connection gas up to 30% by volume. Drilling has continued into the C16 where another gas kick has occurred and the mud weight has been increas
Legal hurdles could delay for weeks, if not months, a long-awaited $12 billion joint venture deal with Royal Dutch Shell PLC to capture and… (zawya) [mappress] Source: zawya, February 14, 2011;
Repsol has signed a liquefied natural gas (LNG) supply agreement with South Korea’s state-owned Korea Gas Corporation (KOGAS), boosting Repsol’s position as one of the world’s largest shippers of the fuel. The 15-month agreement, which took effect from January, will involve the shipment of 1.9 bcm o
Rockwool Technical Insulation demonstrates how efficient insulation reduces energy costs and delivers a smaller carbon footprint at the 25th Gastech Conference and Exhibition in Amsterdam from 21-24 March 2011. Energy consumption of industrial plants can be reduced significantly by adequate insulati
PETRONAS has made major oil and gas discoveries through the drilling of NC3 and Spaoh-1 wells in Blocks SK316 and SK306 offshore Sarawak. In March 2010, successful drilling of the NC3 wildcat well and a subsequent appraisal well brought significant discovery for PETRONAS in Block SK316 with early es
ConocoPhillips approved a 2011 capital program of $13.5 billion, representing a significant increase in Exploration and Production (E&P) segment expenditures. Almost 90 percent of the capital program will be in support of E&P, while the Refining and Marketing (R&M) segment represents about 9 percent
M.Sc. (Econ.) Pauliina Tennilä has been appointed Director, Investor Relations at Wärtsilä Corporation as of 1 March 2011. She succeeds Joséphine Mickwitz, who has been appointed HR Director, Wärtsilä Industrial Operations. Tennilä has worked at Wärtsilä since 1998 and has held various positions in
GE announced that its Oil & Gas business has entered into an agreement to acquire the Well Support division of John Wood Group PLC for approximately $2.8 billion. The transaction, which the Board of Wood Group intends to unanimously recommend to its shareholders, is expected to close later in 2011,
The energy ministers of Azerbaijan, Georgia, Romania and Hungary the four countries part in the (Azerbaijan, Georgia, Romania- Interconnecto… (actmedia) [mappress] Source: actmedia, February 14, 2011;
