News
Novatek to Ink Contracts for LNG Supply from Yamal in Q2 2013, Russia
Novatek is supposed to provide liquified natural gas from their plant on the Yamal peninsula, according to Vedomosti daily business newspaper, and they expect to sign contracts for the LNG supply in the second quarter of 2013. Novatek lost their key client, Inter RAO, to Rosneft earlier this year, a
Ukraine: Naftogaz Signs Credit Agreement to Substitute Gas With Coal
Naftogaz signed the USD 3.656 billion credit agreement with the state-owned China Development Bank to finance the program of substituting natural gas with locally produced coal. The program is aimed at improving Ukraine’s energy security and alleviating dependence on foreign natural gas. The contrac
Former Dong’s CEO Appointed Chairman of Offshore Center Denmark
DONG Energy’s former CEO, Anders Eldrup, has been appointed as the new chairman of the Danish knowledge center for the offshore sector, Offshore Center Denmark. “The appointment of Anders Eldrup is the latest result of a determined effort to strengthen Offshore Centre Denmark’s role as a national ce
Russia: Rosneft Signs Loan Agreements for TNK-BP Acquisition Financing
Rosneft signed two loan agreements with a group of international banks for the total amount of U.S. $16.8 billion to finance the acquisition of 50% stake in TNK-BP from BP. Pursuant to these loan agreements, Rosneft obtains a 5-year loan of U.S.$ 4.1 billion and a 2-year loan of U.S.$12.7 billion fr
Cargotec Equipment for Chinese PSVs
Finland’s Cargotec has secured a comprehensive MacGregor offshore equipment contract for six platform supply vessels (PSVs) from Fujian Southeast Shipyard in China. The vessels are being built for leading US offshore support vessel owner, Tidewater Marine LLC, and the equipment is scheduled for deli
RenewableUK Welcomes UK Renewable Energy Roadmap Update
RenewableUK has welcomed the publication of the UK Renewable Energy Roadmap Update by the Department of Energy and Climate Change. The Update states that the UK is on track to meet its first interim target on the way towards generating 15% of all energy (electricity, heat and transport) from renewab
Belgium: Turbine Blade Designs to Reduce Costs
Siemens has already become somewhat of a leader in this field producing the world’s longest rotor blades for wind turbines. Measuring 75 meters in length, the blades are almost as big as the wingspan of an Airbus A380. As they move, each rotor covers 18,600 square meters, the size of two and a half
Gazprom: Granting South Stream National Importance Status in Serbia Highly Significant
The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Dusan Bajatovic, Director General of state-owned Srbijagas. The parties discussed the issues of bilateral cooperation in the energy sector and long-term natural gas supplies. T
Lundin Acquires Talisman’s Stake in Brynhild Field (Norway)
Lundin Petroleum has announced the completion of the agreement with Talisman Energy Norge (Talisman Norge) to acquire a 20 percent interest in the Brynhild field, offshore Norway. Following the acquisition, Lundin Petroleum holds a 90 percent interest in the Brynhild field. The original agreement, a
Operational Delays at Romeo Well, Trapoil Says
Operations are continuing on the Romeo (Licence P.1666, Block 30/11c) exploration prospect (“Romeo”), Trapoil, which owns 12.5 per cent carried interest has informed. Romeo is a four-way dip closure mapped at Base Cretaceous Unconformity with Fulmar sands as the reservoir objective, and with best es
Statoil Orders Subsea Equipment from FMC Technologies (Norway)
FMC Technologies, Inc. has signed an agreement with Statoil for the supply of additional subsea equipment for the Snorre field in the Norwegian part of the North Sea. The order has an estimated value of $33 million in revenue. Under the terms of the agreement, FMC Technologies will provide 10 produc
Uzbekistan: Gazprom Signs Purchase Contract and Transmission Agreement for Uzbek Gas
Led by Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee, the Gazprom delegation paid today a working visit to the Republic of Uzbekistan. As part of the visit, Alexander Medvedev and Shokir Faizullaev, Chairman of the Board of Uzbekneftegaz signed in the presence of Rustam Azi
HiDef to Conduct Digital Video Aerial Surveys Offshore Northern Ireland
HiDef announced it has been selected to conduct Digital Video Aerial surveys for First Flight Wind for its proposed offshore wind farm in waters off the Co. Down coast, Northern Ireland. It is envisioned that the project will have a capacity of 600 Megawatts (MW). A wind farm of this size could gene
SCF Opens Training and Engineering Center for Oil and Gas Projects in Arctic
Sovcomflot held a grand opening ceremony for its new training & engineering centre (TEC) in Saint-Petersburg. This unique centre will provide special training for the company’s captains and senior officers in preparation for navigation in the challenging climatic conditions of the Arctic. The traini