News
UK: Peel Ports Mersey Cooperates with Local Partners
Peel Ports Mersey, recently recognised as ‘Port Authority of the Year’ by authoritative global industry journal Containerisation International, has signed up to partnership agreements with two local colleges; Liverpool Community College and Mersey Maritime Group. The Ports group, which operates the
Spain: Gas Natural Fenosa Profit Climbs
Gas Natural Fenosa of Spain said its profit for the first nine months of 2012 was 1.115 billion euros, 0.1% more than for the same period last year, despite lower earnings than in 2011 from the sale of assets. Net profit grew by 22.8% adjusting for capital gains and losses on the disinvestments made
Europa Oil & Gas Seeking Partner to De-Risk Mullen Prospect (Ireland)
South Porcupine Basin located offshore Ireland’s west coast could hold a new hydrocarbon province, Europa Oil & Gas said today, encouraged by the results of the initial prospect evaluation. In its technical update on Irish Atlantic Margin Mullen Prospect, the company informed that indicative resourc
Escalation of Pay Rates in Scottish Oil & Gas Sector Caused by Skills Shortages
The oil and gas sector is continuing to outperform the rest of the Scottish economy, according to new survey findings published today (5 November 2012). The 17th Aberdeen & Grampian Chamber of Commerce oil and gas survey reveals that activity and confidence in the sector continues to rise with a str
Turkey Does Not Plan to Reduce Gas Supplies from Iran, Minister Says
Turkey does not plan to reduce imports of natural gas from Iran, Turkey’s Energy Minister, Taner Yildiz announced. “Turkey does not plan to reduce gas supplies from Iran, as the EU sanctions against Iran will not cover existing contracts,” Yildiz said. Iran and Turkey signed a 25 year agreement to s
UK: Shetland Good to Go with Wave Energy
The partners behind plans for Shetland’s first wave power scheme will tell island representatives this week that it is set to ramp up public consultation and environmental research off the south west mainland ahead of a planning application in 2015. The work planned for the Aegir scheme in 2013 will
First Gas Passes Through NEL Pipeline, Germany
First supply of natural gas passes through NEL (Nordeuropäische Erdgasleitung) pipeline. NEL connects the towns of Lubmin, where Nord Stream gas arrives from Russia, to Rehden in Lower Saxony. The distance between the two locations is 440 km. 20 billion cubic meters of “blue fuel” will pass through
Lunch & Learn with Decom North Sea (UK)
Decom North Sea (DNS), the offshore oil and gas decommissioning forum, is hosting a Lunch and Learn event which will inform attendees on latest advances in the sector as well as giving advice on how to reduce costs and improve performance. The Lunch and Learn, which takes place this month, will feat
Det norske: Espevær High Appraisal Results “Very Good”
Norway’s oil company Det norske oljeselskap ASA, today, November 6, announced that the results of the drilling of Espevær High appraisal well “are very good”. The well, which is part of the Johan Sverdrup field, in Production License (PL) 265, is in the process of being concluded. The well, drilled
Moody Releases Report on German Draft Law on Offshore Wind Farm Connections
Although the liability-sharing mechanism introduced by Germany’s draft law, dated 29 August 2012 and reviewed by the German parliament in October 2012, improves planning visibility and allows affected transmission system operators (TSOs) to pass on the costs for delays in network connections to end
Moody Releases Report on German Draft Law on Offshore Wind Farm Connections
Although the liability-sharing mechanism introduced by Germany’s draft law, dated 29 August 2012 and reviewed by the German parliament in October 2012, improves planning visibility and allows affected transmission system operators (TSOs) to pass on the costs for delays in network connections to end
Gassco: Sture Terminal Recommended for Utsira High Oil
Gassco has recommended that oil from the Edvard Grieg and Ivar Aasen discoveries in the Norwegian North Sea is landed at the Sture terminal, located in Stura, Øygarden municipality, 50 km (31 mi) northwest of Bergen, Norway The Ministry of Petroleum and Energy (MPE) commissioned pipeline operator Ga
UK: Bond Offshore Helicopters Appoints Luke Farajallah as Managing Director
Bond Offshore Helicopters Ltd is to announce the appointment of Luke Farajallah as Managing Director. Luke brings with him 25 years of aviation experience leading different functions in a number of airlines both in the UK and Internationally. Most recently Luke has been working in Barcelona with a n
BG of UK Completes Comgas Stake Sale
BG Group said it has completed the previously announced transaction to sell the Group’s entire 60.1% holding in Comgás for a consideration of Brazilian reais 3.4 billion, or approximately $1.7 billion, to Cosan S.A. Indústria e Comércio. In addition, debt on the BG Group balance sheet has been reduc