News
Spaniard East Well a Dry Hole (UK)
Premier Oil-operated Spaniards East well in UK block 15/21 in the North Sea has reached a total depth of 10,694 feet and is being plugged and abandoned as a dry hole. The well, which was spudded on October 14, 2012, encountered 75 feet of Jurassic sands but these were shown to be water wet on [&hell
East of England Energy Zone Decommissioning Could Provide Wealth of Opportunities
Forecasts for a rise on decommissioning activity worth billions could provide a wealth of opportunities for the region. Supporting the initiative to harness the potential prospects for the region, which could bring jobs, skills and financial gain to the region, is the East of England Energy Zone, wh
Germany: JDR Appoints German and Northern European Sales Manager
JDR, a leading provider of technology connecting the global energy industry, announced the appointment of Ralph Oliver Steinberg as German and Northern European Sales Manager – Subsea Power Cables. Ralph, who assumed his current position on 1 October 2012, will be responsible for developing and impl
DONG Energy Seeks Consultancy Services for French Offshore Wind Projects
DONG Energy, in a joint venture with EDF EN, is developing offshore wind farms in Northern France. These projects are in their early preparation phases where extensive feasibility studies are conducted. The company is looking for partners, companies or individuals, who can supply highly skilled proj
Stobart Group to Use LNG as Fuel for Its Fleet, UK
BOC, the UK’s largest supplier of compressed and liquefied gases, is helping the logistics specialists Stobart Group to quantify the benefits of low-carbon Liquefied Natural Gas (LNG) as fuel for its fleet of heavy goods vehicles. The two organisations are taking part in a £23 million programme coor
BG Secures $3 Billion Syndicated Committed Credit Facility
UK’s natural gas company BG Group today announces a new 5-year $3 billion syndicated committed credit facility which replaces $2.3 billion of expiring bilateral committed credit lines. The execution of this new revolving credit facility was coordinated by Bank of America Merrill Lynch and HSBC Bank
Kongsberg: New Concept to Enhance Safety & Efficiency for Seismic Surveys
The KONGSBERG SIMOPS concept has been adapted to provide real-time monitoring of all assets during multi-vessel seismic survey operations,
Gazprom, Kazakhstan Discuss Collaboration in Gas Sector, Russia
Alexey Miller, Chairman of the Gazprom’s Management Committee, and Sauat Mynbayev, Oil and Gas Minister of the Republic of Kazakhstan, discussed a wide range of issues associated with cooperation between Russia and Kazakhstan in the oil and gas sector, at a meeting held at Gazprom’s headquarters. Pa
BG of UK Secures USD 3 Billion Syndicated Credit Facility
BG Group announced a new 5-year $3 billion syndicated committed credit facility which replaces $2.3 billion of expiring bilateral committed credit lines. The execution of this new revolving credit facility was coordinated by Bank of America Merrill Lynch and HSBC Bank plc and it includes a diversifi
UK: River Severn Tidal Barrage Could Face Delay
Plans to construct a tidal barrage across the River Severn could be delayed if the UK government doesn’t approve this project within next three years, reports BBC. Prof Brian Morgan, a member of Hafren’s regional board, said any delays could risk it “going into the long grass”. The company, Hafren P
Qatargas Wins Award for Excellence in Flaring Reduction
Qatargas has been awarded the prestigious “Award for Excellence in Flaring Reduction” by the World Bank led Global Gas Flaring Reduction Partnership (GGFR) at a high-profile gala ceremony in London. The World Bank led initiative, the GGFR, is a globally recognized flare mitigation program within the
Germany: Nordex to Spend EUR 10 Million on New Production Line
“We are looking for up to an additional 130 employees for our planned internal production facilities in Rostock for our new and larger rotor blades,” says Jens Martin Hoika, who manages Nordex’s Rostock and international plants. The NR 58.5 rotor blade is used with the N117/2400 wind turbine, which
UK: ABP Announces New CEO
Associated British Ports announces that, after completing six years at the helm, Chief Executive Peter Jones has announced that he will retire at the end of March 2013. He will be succeeded by James Cooper, who has served as a Non Executive Director of ABP since May 2007. Over recent years, ABP and
USA: Cheniere Reports Net Loss of USD 109 Million
Cheniere Energy reported a net loss of $109.0 million for the three months ended September 30, compared to a net loss of $53.9 million for the comparable 2011 period. For the nine months ended September 30, Cheniere reported a net loss of $238.5 million, compared to a net loss of $140.9 million duri