News
Spain: Repsol Net Income Down
Repsol posted net income for the first half of the year of 1.036 billion euros, a 22.9% decline from the year-earlier period, when net income was 1.344 billion euros. Excluding YPF, which is no longer consolidated into the Repsol Group, first half net income, was 903 million euros, 14.6% lower due t
UK: BG LNG Profit Rises 25 Percent
BG of UK said that its LNG total operating profit of $1 406 million in the first half of 2012 was 25% higher than last year as a result of favourable market conditions, with continuing strong demand for cargo deliveries outside of the USA, particularly from Asia. BG Group delivered 91% of cargoes (2
RenewableUK Applauds Carefully-Phased Offshore Wind Financial Cuts
RenewableUK, the trade and professional body for the wind and marine energy industries, has welcomed the Government’s announcement on levels of financial support for onshore and offshore wind, and wave & tidal energy, following the long-awaited conclusion of the Renewables Obligation Banding Review.
Shell: LNG Sales Down 5 Percent (The Netherlands)
Shell said today that it has sold 4.57 million tonnes of LNG in the second quarter 2012, 5% lower than in the same quarter a year ago. Key features of the second quarter 2012 Second quarter 2012 CCS earnings were $5,964 million, 25% lower than in the same quarter a year ago. Second quarter 2012 [&he
Statoil Continues to Deliver Good Results (Norway)
Statoil’s second quarter 2012 net operating income was NOK 62.0 billion, a 2% increase compared to NOK 61.0 billion in the second quarter of 2011. “Statoil continues to deliver good financial results and strong cash generation. We increased oil and gas production by 17% in the second quarter compare
UK: C&E’s Renewable Energy Team Appoints New Chairman and Political Members
Jeremy Thompson is to be the new Chairman of Commerce and Employment Department’s (C&E) Renewable Energy Team (RET) and is joined by new political members C&E Deputy Minister Al Brouard and Deputy David de Lisle. Jeremy Thompson has been involved in RET (and predecessor groups) from the outset in 20
Russia: Gazprom Spends RUB 7.9 Bln on R&D in 2011
Gazprom‘s Board of Directors approved the 2011 report on the progress with the Gazprom Innovative Development Program until 2020. The meeting emphasized that Gazprom Group had spent RUB 7.9 billion on R&D in the past year, which was 12 per cent more than in 2010. As part of the Program, R&D was cond
REA Responds to UK Government’s Conclusions on RO Banding Levels
After delay and controversy, DECC has announced the RO banding conclusions. Renewable power is now set to deliver jobs and growth but uncertainty remains in several areas. Martin Wright, Chairman of the REA said: “We welcome the publication of the RO Banding decision, but it is not before time. Gove
Total Makes FID for Tempa Rossa Field, Italy
Total has made the final investment decision for the Tempa Rossa field in the Basilicata region of southern Italy. Operated by Total (75%) alongside Shell (25%), the Tempa Rossa field is scheduled to come on stream in early 2016, producing 50,000 barrels of oil per day at plateau, along with 230,000
The Netherlands: IHC Merwede Launches DOHUK and KARBALA
IHC Merwede has successfully launched the 500m3 grab hopper dredger, DOHUK, and the 3,500m3 trailing suction hopper dredger, KARBALA, in two ceremonies on 25 July 2012 at the company’s shipyard in Krimpen aan den IJssel, The Netherlands. The DOHUK was launched early in the morning, followed later by
E.ON UK Comments New ROC Bands
Commenting on the Government’s decision to implement new ROC bands from April 2013, Dr. Tony Cocker, Chief Executive of E.ON UK, said: “Since the draft proposals were published last year, we’ve already committed around £1 billion of new investment in renewables across the UK, so we’re pleased that t
UK: Wave Hub Hails Support for Wave, Tidal Projects
Wave Hub has welcomed a UK Government announcement that will see financial support for wave and tidal stream technologies more than double from next year. The Department of Energy and Climate Change confirmed today that it will increase support for wave and tidal stream projects from two Renewables
UK: A&P Welcomes MEP to Discuss Dredging
A&P Falmouth welcomed South West MEP Sir Graham Watson to the docks yesterday to discuss the issues surrounding the port development, in particular dredging. Falmouth has been a docks town since 1841. Today the Docks is home to more than 30 businesses, handles approximately 100,000 tonnes of cargo p
Norway: Golar LNG to Delist from Oslo Bors
The shares in Golar LNG Limited, one of the world’s largest independent owners and operators of LNG carriers, will be delisted from Oslo Børs. Last day of listing will be Thursday 30 August 2012, Oslo Børs said in a statement. Golar LNG Limited has in letter dated 9 July applied for delisting of the