Chesapeake Energy Corporation announced that, as part of its 2011-12 strategic and financial “25/25 Plan,” the company has decided to sell all of its Fayetteville Shale assets, as well as its equity investments in Frac Tech Holdings, LLC and Chaparral Energy, Inc. If these sales are completed, Chesa
Fluor Corporation’s board of directors has declared a quarterly cash dividend of $0.125 per share on the company’s common stock, payable April 4, 2011, to shareholders of record on March 4, 2011. Fluor Corporation designs, builds and maintains many of the world’s most challenging and complex project
IHC Engineering Business (IHC EB), a part of IHC Merwede, will be showcasing a range of their bespoke engineering solutions at the forthcoming SUBSEA 11, on 9-10 February 2011, Aberdeen at stand number B14. The ambitious engineering company designs, builds and supports offshore equipment, including
High Plains Gas, Inc., a Gillette, Wyoming based energy company actively engaged in the acquisition, development and production of natural gas primarily in the Powder River Basin, today announced that the Company has entered into a Purchase and Sale Agreement to acquire J.M. Huber’s natural gas asse
At a ceremony Ulstein Poland’s new, co-located offices in Gdynia, Ulstein Design & Solutions and DNV Poland signed a Letter of Intent signaling the start of a closer working relationship between the two companies. Both parties will benefit from the sharing of knowledge and practices which will help
Ensco plc and Pride International, Inc. jointly announced today that they have entered into a definitive merger agreement under which Ensco will combine with Pride in a cash and stock transaction valued at $41.60 per share based on Ensco’s closing share price on 4 February 2011. The implied offer pr
PII Pipeline Solutions, a GE Oil & Gas and Al Shaheen joint venture, has again been selected to provide advanced inspection technology and engineering services to monitor the integrity of two of Australia’s major natural gas pipeline infrastructure networks. The newly awarded pipeline inspection pro
THE US re-exported 12 cargoes of LNG in 2010, from just one cargo the year before, according to US Department of Energy data published Frida… (caribbeanshipping) [mappress] Source: caribbeanshipping, February 6, 2011;
Israel is to step up plans for an offshore platform for importing liquid natural gas (LNG) in the wake of the weekend attack on an Egyptian… (yahoo) [mappress] Source: yahoo, February 6, 2011;
The Board of Directors took notice of the information on the energy saving technologies implementation in Gazprom’s business processes. The Company’s Management Committee was tasked to primarily fund energy saving technologies in order to reduce gas production and transmission costs. Background The
Over the last couple of months, a total of more than 1 billion euros projects have been added to the order book. These awards bring the total value of current commitments for Jan De Nul Group to 3.1 billion euros. New work was secured in all corners of the world, from South America and the […
Sakhalin Energy has become the first and the only Russian company who was chosen by the United Nations to join the new platform for Corporate Sustainability Leadership – Global Compact LEAD, launched within the frames of the UN Global Compact. Sakhalin Energy has made a historic commitment to adopt
Nomad Building Solutions Limited advises that it has received a liquidated damages claim for $4.25 million in line with the maximum allowable under the contract from the Thiess Decmil Kentz Joint Venture (TDKJV). The claim relates to delays in delivery on components in a contract awarded to Nomad Mo
OAO NOVATEK announced the closing of its debut Eurobond issue in an aggregate amount of US$ 1.25 billion. The Eurobond was approximately eight times oversubscribed and issued at par in two tranches, a five-year US$ 600 million bond with a coupon rate of 5.326% and a ten-year US$ 650 million bond wit
