ConocoPhillips approved a 2011 capital program of $13.5 billion, representing a significant increase in Exploration and Production (E&P) segment expenditures. Almost 90 percent of the capital program will be in support of E&P, while the Refining and Marketing (R&M) segment represents about 9 percent
M.Sc. (Econ.) Pauliina Tennilä has been appointed Director, Investor Relations at Wärtsilä Corporation as of 1 March 2011. She succeeds Joséphine Mickwitz, who has been appointed HR Director, Wärtsilä Industrial Operations. Tennilä has worked at Wärtsilä since 1998 and has held various positions in
GE announced that its Oil & Gas business has entered into an agreement to acquire the Well Support division of John Wood Group PLC for approximately $2.8 billion. The transaction, which the Board of Wood Group intends to unanimously recommend to its shareholders, is expected to close later in 2011,
The energy ministers of Azerbaijan, Georgia, Romania and Hungary the four countries part in the (Azerbaijan, Georgia, Romania- Interconnecto… (actmedia) [mappress] Source: actmedia, February 14, 2011;
The Port of Milford Haven – the third largest port in the UK by volume and the biggest in Wales, announced that during 2010 the Port handled 65.6 million gross tons of shipping, up from 59 million tons in 2009. Cargo throughput is estimated at 42 million tonnes. Whilst the increase is largely attrib
Flex LNG chief executive Philip Fjeld said the company expected a final investment decision to be made on its first confirmed project using… (simic) [mappress] Source: simic, February 14, 2011;
Beach Energy Limited advises its on-market takeover offer, announced on 6 December 2010 for all of the issued shares in Impress Energy Limited it does not already own, will close at the end of ASX trading on Monday, 21 February 2011. Beach’s relevant interest in Impress increased by over 1% today, t
Teekay LNG Partners plans to release its financial results for the fourth quarter and fiscal year 2010 before market open on Thursday, February 24, 2011. The Partnership also plans to host a conference call on Friday, February 25, 2010 at 11:00 a.m. (ET) to discuss the results for the fourth quarter
The Syrian Minister of Petroleum Sufian Allao and visiting Iraqi Minister of Oil Abdul Kareem Liaibi in a meeting in Damascus announced their preparedness to cooperate with Iran in building a joint pipeline, which transfers Iran’s gas to Syria. Following the talks, the Syrian minister of petroleum t
At a ribbon-cutting ceremony in Al Khor Community, RasGas Company Limited and Qatargas joined together with Al Khor International School (AKIS) faculty and students last week to officially open their new state-of-the art school building. The new facility is wholly funded by both RasGas and Qatargas
A group of experts from Gazprom led by Alexander Ananenkov, Deputy Chairman of the Company’s Management Committee took a business trip to the Kemerovo Oblast. The group was made up of Vsevolod Cherepanov, Member of the Gazprom Management Committee – Head of the Gas, Gas Condensate and Oil Production
RasGas Company Limited shared its ‘steps for success’ this week at the 2011 MEED Qatar Projects conference in Doha, when Nafez Bseiso, RasGas Venture Group Manager delivered a key address on the opening day to an audience of senior industry professionals. Bseiso’s presentation, which was titled “The
Yemen and Total talked in Sana’a on Saturday over means of altering the prices of Yemen liquefied natural gas… (sabanews) [mappress] Source: sabanews, February 13, 2011;
Italy’s Adriatic LNG terminal will auction surplus LNG and regasification capacity for March delivery… (argusmedia) [mappress] Source: argusmedia, February 12, 2011;
