Nigeria LNG Limited (NLNG) has named Babs Jolayemi Omotowa as its new managing director. He will replace Chima Ibeneche, who will retire on January 31, after he served the company as managing director for three years. Babs Jolayemi Omotowa was VP, Health, Safety, Environment, Infrastructure and Logi
KBR Inc. announced today that the company’s guidance for estimated earnings per diluted share is in the range of $2.45 to $2.80 for the fiscal year 2012. KBR’s full year 2012 general and administrative expense guidance is between $240 million to $250 million and capital expenditure guidance is appro
STX Finland Oy and the Finnish Border Guard signed an agreement on construction of a next generation offshore patrol vessel. The vessel will be built at the STX Rauma shipyard and delivered to the customer in November 2013. The highly advanced vessel will be 96 metres long and 17 metres wide and wil
Wood Group Kenny has been awarded a contract to carry out the front end engineering and design (FEED) for the subsea development of Equus, Hess Exploration Australia’s first deepwater gas project in offshore Western Australia. The Equus project development consists of natural gas and condensate gas
Repsol has acquired 10% of its share capital after the Board of Directors unanimously approved this acquisition on December 18th. The decision communicated by Sacyr’s lending banks to not refinance the loan granted to Sacyr for the acquisition of a 20% stake in Repsol, or the decision to partly refi
The Gazprom Board of Directors took notice of the information on the current state and the progress with the South Stream gas pipeline construction. The meeting participants underlined that the project was progressing on schedule. Commissioning of the first string of the gas pipeline is scheduled fo
Australia’s Arrow Energy Holdings Pty Ltd today welcomed the outcome of a shareholder meeting of Bow Energy Ltd, at which shareholders voted to approve the acquisition of Bow Energy by Arrow Energy. Over 95 per cent of shares voted in favour of the Scheme of Arrangement, representing over 85 per cen
Japan’s LNG imports have risen by 21.3 percent YoY in November to 6,918,000 mt, according to trade statistics. The average import price for November was at $875.27/mt. Japan’s consumption of LNG surged in the aftermath of the March 11 earthquake. Power companies account for two-thirds of total Japan
As regulatory developments have become an increasingly important strategic driver for Wärtsilä businesses, Wärtsilä has decided to strengthen its activities to enhance and promote the policy framework fostering the strategic business targets. The following appointments have been made within Wärtsilä
GDF SUEZ and CIC have closed the acquisition by CIC of a 30% minority stake in GDF SUEZ Exploration & Production International SA and of a 10% stake in the train 1 of the Atlantic LNG liquefaction plant in Trinidad and Tobago. This transaction is the first milestone of the partnership between the tw
Eni announced that Umberto Vergine has been appointed Chief Operating Officer of Eni Gas & Power Division, starting from 1 January 2012. Umberto Vergine was born in Milano in 1957 and he is a Chartered Civil Engineer from Politecnico di Milano. Umberto joined Eni in 1984 and he will replace Domenico
Foster Wheeler AG announced today that a subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement and construction management contract by BP Exploration Operating Company Limited for BP Exploration’s Enhanced Gas Separation Project (EGSP) in Scotland.
SOCAR delegation participated in the 20th World Petroleum Congress and Exhibition in Doha, the world’s largest and most reputable oil and gas industry event. SOCAR set up a special stand at the exhibition. Visitors familiarized themselves with exhibits reflecting SOCAR`s achievements. SOCAR delegati
Abu Dhabi National Energy Company PJSC (TAQA), a global energy company majority owned by the Abu Dhabi Government, and partner EBN B.V., an independent company with the Dutch State as its sole shareholder, announced three launch customers for the Bergermeer Gas Storage facility in the Netherlands. S
