News
GL of Germany, DNV of Norway to Merge
An agreement has been signed to merge DNV and GL. The new entity will be called DNV GL Group. It will be one of the world’s leading ship classification societies and risk experts in the oil and gas, renewable energy and power sectors, and among the global top three within management system certifica
Gazprom BoD Approves 2013 Budget, Russia
The Gazprom Board of Directors took notice of the information on the Company’s preliminary operating results of 2012, projected Investment Program, Budget (Financial Plan) and Cost Optimization (Reduction) Program for 2014–2015. The Board of Directors approved Gazprom’s Investment Program, Budget (F
DECC Releases UK Energy Statistics
Energy Trends and Quarterly Energy Prices publications are published today 20 December 2012 by the Department of Energy and Climate Change. Energy Trends covers statistics on energy production and consumption, in total and by fuel, and provides an analysis of the year on year changes, and now includ
Scottish Canals Invites Bids for National Dredging Framework 2013-2017
Scottish Canals Canal House has invited bidders to submit their offers for the National Dredging Framework 2013-2017. The object of the contract is to provide dredging on Inland Scottish Canals, and includes: – Land-based and floating dredging; – Additional resources/changed methodology to offset re
Statoil Submits PDO for Dagny Field (Norway)
Statoil and the partners in the Dagny field in the North Sea today submitted the Plan for Development and Operation (PDO) to the Ministry of Petroleum and Energy. The development concept consists of a fixed platform to be tied in to the Sleipner field for gas export. The oil will be transported by t
UK: Ballycastle to Benefit from Tidal Energy Development
SDLP Ballycastle SDLP Councillor Dónal Cunningham has commended the work of the Council’s Development Department who have arranged for the two consortia who were successful in their bids for the tidal energy projects off Fair Head and Torr Head to meet with the Council in January 2013. Mr Cunningham
UK: Ballycastle to Benefit from Tidal Energy Development
SDLP Ballycastle SDLP Councillor Dónal Cunningham has commended the work of the Council’s Development Department who have arranged for the two consortia who were successful in their bids for the tidal energy projects off Fair Head and Torr Head to meet with the Council in January 2013. Mr Cunningham
The Netherlands: Shell Issues New Shares
Royal Dutch Shell plc announced that it has issued 34,249,652 A Ordinary shares in relation to the scrip dividend programme for the third quarter 2012 interim dividend. Following this issue, the total number of A shares in issuance is 3,772,388,687 and the total number of B shares is 2,617,715,189.
JX Nippon Buys Eni’s UKCS Assets
JX Nippon Exploration and Production (U.K.) Limited , has signed sale and purchase agreements for the acquisition from the Eni group of companies (“Eni”) of an extensive portfolio of non-operated oil and gas assets in the UK Continental Shelf (UKCS). JX Nippon Oil and Gas Exploration President and C
Record Breaking Renewable Power Generation This Year in Scotland
New figures published today for the first three quarters of 2012 show Scotland’s renewable electricity output was on track for the best year ever. The figures, which were released this morning by the Department of Energy and Climate Change, point to 2012 being a record year for renewable electricity
Asha Discovery Could Hold 35 mmboe, Bridge Energy Says (Norway)
Wintershall Norge, operator of PL 457, is about to complete operations on the 16/1-16A sidetrack on the Asha discovery in PL 457 in the Norwegian North Sea, Bridge Energy has today reported. The Asha discovery was made by the first wellbore, 16/1-16, encountering good quality oil in excellent reserv
Bridge Energy: Production from Victoria Field Shut due to Export System Problems
Bridge, the Oslo Børs and AIM listed oil and gas exploration and production company, today confirms that the gas export infrastructure system used by the Bridge operated Victoria field, in Southern North Sea, UK, has been unavailable since 30 November 2012. This unavailability is due to issues on th
PGNiG Adopts New Strategy, Poland
Polskie Górnictwo Naftowe i Gazownictwo SA has adopted the Short-Term Value Creation Strategy for the PGNiG Group until 2014. Its objective is to prepare the Company for operating in a liberalised gas market. The PGNiG Group wants to maintain its lead in the exploration and production industry, whil
NGVA Europe Releases Statistical Update for NGV Market
NGVA Europe released its latest statistical update for the European and worldwide markets, reflecting data as per mid 2012. Several corrections have been applied to previously published figures on some of the ‘big countries’ like Italy, making the total EU NGV running park fall back to the numbers p