News
PGNiG Appoints VPs of Management Board, Poland
Supervisory Board of Polskie Górnictwo Naftowe i Gazownictwo SA resolved to appoint Mr Krzysztof Bocian as Vice-President of the Management Board for Exploration & Production, and Mr Jacek Murawski as Vice-President of the Management Board, Chief Financial Officer. In the process the Supervisory Boa
VIDEO: Shell Releases New Lens Scenarios, The Netherlands
Shell released new scenarios that explore two possible ways the 21st century could unfold, with dramatically different implications for society and the world’s energy system. One scenario sees cleaner-burning natural gas becoming the most important energy source globally by the 2030s and early actio
France: GDF Suez LNG Sales Climb
GDF SUEZ of France recorded a + 7.0% increase in revenues, to EUR 97.0 billion (organic growth of + 5.8%). This performance resulted from an increase in sales of gas and electricity in France, which benefited from a return in 2012 to average weather conditions, the progression in exploration-product
Russia: Beringovski Port Dredging Step Closer to Realization
A long awaited dredging program at Beringovski port is one step closer to realization. Anadyr branch of FSUE Rosmorport has announced an open request for proposals on the development of design documentation for repair dredging in Beringovski seaport (2015-2020), reports portnews.ru. The initial pric
Linklaters Advises Repsol on LNG Assets Sale to Shell, Spain
Linklaters has advised leading Spanish energy company Repsol on the US$6.653bn sale to Royal Dutch Shell of its liquefied natural gas (LNG) assets, which includes the minority stakes in Atlantic LNG (Trinidad & Tobago) Peru LNG and Bahia de Bizkaia Electricidad (Spain), as well as the LNG sale contr
EMGS Sells 3D EM Data for $10 Mln
Norway’s Electromagnetic Geoservices ASA (EMGS) has secured multi-client late sales worth approximately USD 10 million. These sales stem from a combination of the company’s 3D EM data library in Brazil, the Norwegian Sea and the Barents Sea. The revenues will be recognized in the first quarter of 20
Spain: Repsol Profit Down
Repsol posted net income of 2.060 billion euros for 2012, a 6.1% decline from the year earlier. At current cost of supply (excluding the change in value of the oil inventories that the company stocks as part of Spain’s strategic reserve) Repsol’s net income was 2.048 billion euros, 5.4% higher than
Lundin Drills Duster at Ogna Prospect (Norway)
Lundin Petroleum AB announces the completion of the exploration well 8/5-1 on the Ogna prospect located in Block 8/5, (PL453S), in the southern part of the North Sea sector of the Norwegian Continental Shelf. The well was drilled with the Mærsk Guardian jack-up rig. The exploration well 8/5-1 was ta
Pacific Drilling Reports 4Q 2012 Income of $16.5 Mln
Offshore drilling contractor Pacific Drilling S.A., today announced revenue of $191.9 million and net income of $16.5 million or $0.08 per diluted share for the three months ended December 31, 2012. This compares to revenue of $172.0 million and a net loss of $2.0 million or $0.01 per diluted share
Intertek Backs French Offshore Wind Farms
Intertek Energy & Water consultancy services (formerly Metoc), the leading quality solutions provider to industries worldwide, is providing marine advisory services for offshore surveys and export cable installation to Réseau de Transporte d’Electricité (RTE) for two French offshore wind projects. R
Clean Air Power Aplies for Seat in NGVA Europe BoD
NGVA Europe said that an additional member, Clean Air Power, has applied for seat on the association’s Board of Directors. In order to join NGVA Europe’s governing body the request will have to be officially confirmed by the next annual General Meeting, which will take place during NGV 2013 Gothenbu
Aker Completes Enovate Acquisition (UK)
Aker Solutions said that it had agreed to buy a controlling stake in Aberdeen-based Enovate. The transaction was closed on 26 February. Enovate has developed a wide range of unique and patented components and products for use in open water workover systems, in riser workover systems, rigless interve
Dong to Use Maersk Giant Jack-Up for New Well in Norway
DONG E&P Norway AS, a subsidiary of Denmark’s DONG Energy, has received a drilling permit for well 3/7-9 S in the Norwegian part of the North Sea. The company will use the Mærsk Giant jack-up rig for the operation. The drilling programme for well 3/7-9 S pertains to the drilling of a wildcat well in
Tidal Transit Achieves ISO 14001 Certification (UK)
Tidal Transit Limited has just achieved ISO 14001, the internationally recognised Environmental Management Standard for business. The certification defines controls for any activity that has an effect on the environment, including the use of natural resources, handling and treating of waste and ener