Shell announced today it have signed a Memorandum of Understanding (MoU) with Kuwait Petroleum Corporation to jointly investigate new business opportunities. The MoU with KPC, covers areas of co-operation across the upstream and downstream businesses, energy security, research and development and in
Eni announces the successful results of the Perla-4 appraisal well, located in the Cardón IV Block in the shallow water of the Gulf of Venezuela. This well upgrades the estimate of gas in place of the Perla field, a super-giant gas discovery, to over 16 Tcf (2.9 billion barrels of oil equivalent). P
Foster Wheeler AG today reported net income for the fourth quarter of 2010 of $32.8 million, or $0.26 per diluted share, compared with $65.1 million, or $0.51 per diluted share, in the fourth quarter of 2009. Net income in both quarterly periods was impacted by items as detailed in the attached tabl
Fluor Corporation announced financial results for its fiscal year ended December 31, 2010. Net earnings attributable to Fluor for 2010 were $357 million, or $1.98 per diluted share, compared with $685 million, or $3.75 per diluted share in 2009. Consolidated segment profit for the year was $621 mill
E.ON has been named one of the 100 best employers in Germany. E.ON also achieved an excellent 5th place postion in the category “Companies with over 5,000 employees” in the covetedGreat Place to Work® Institute “Deutschlands Beste Arbeitgeber 2011” awards. This is the 8 time E.ON, one of the largest
Paris hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Nicolas Sarkozy, President of France. The parties considered cooperation between Russia and France in the energy sector placing a special emphasis on the progress with joint projects of Gazpr
In compliance with Listing Rule 12.7, MEO Australia Limited advises that Mr Michael J. F. Sweeney has been appointed as a member of the Audit Committee. The Audit Committee will comprise of Mr Stephen Hopley (Chairman), Mr Greg Short and Mr Michael Sweeney. Messrs Hopley, Short and Sweeney are Indep
Repsol posted net income of 4.693 billion euros for 2010 compared to 1.559 billion euros in the previous year. Excluding extraordinary items, recurring net profit improved 54.9% to 2.360 billion euros. The 2010 earnings increase is mainly due to the good performance of the company’s ongoing activiti
Origin Energy Limited today reported that Underlying EBITDA was up 16 per cent to $818 million on the prior corresponding period. Importantly, Underlying EBITDA before exploration expenses1 was $915 million, up 26 per cent and Group operating cash flow after tax of $794 million was up 87 per cent. U
KBR announced today that fourth quarter 2010 net income attributable to KBR was $78 million, or $0.51 per diluted share, compared to net income attributable to KBR of $73 million, or $0.45 per diluted share, in the fourth quarter of 2009. Consolidated revenue in the fourth quarter was $2.3 billion c
Nigeria needs to focus on exporting liquefied natural gas (LNG) to China as U.S. demand dwindles due to burgeoning supplies of shale gas, th… (forexyard) [mappress] Source: forexyard, February 24, 2011;
Rotterdam’s Gate terminal will be the first LNG import terminal in The Netherlands and DNV is assisting the developers to meet the safety and regulatory requirements set for this landmark project. The initiators of the project are Gasunie and Vopak and the terminal will have an initial capacity for
Wilhelmsen Ships Service is providing a range of support services to the Gorgon project, Australia’s largest ever oil and gas project. Servi… (logisticsweek) [mappress] Source: logisticsweek, February 23, 2011;
Nine billion dollars have been invested at South Pars gas field since the beginning of the current Iranian calendar year (started March 21 2010), Managing director of the Pars Oil and Gas Company (POGC), Mr. Souri announced here. According to the report of the public relations of the NIGC, he said t
