Statoil has planned 990 modification projects on the Norwegian continental shelf in 2011, with a price tag totalling NOK 9 billion (Approximately USD$1,52 bln). The modifications will improve health, safety and the environment (HSE) – as well as earnings from the installations. Appropriations for mo
Beach Energy Ltd announced on Monday, 6 December 2010, a recommended and unconditional on-market cash offer for all of the issued and outstanding shares of Impress Energy Ltd, that it did not own, for 8.5 cents per share. On Tuesday, 14 December 2010, Beach gained majority control of Impress and has
As of the 1st of January 2011 T.O.S (Transport & Offshore Services) will be the supplier of nautical temporary personnel (sailing) in the North Sea area for Rijkswaterstaat (part of the Dutch Ministry of Transport, Public Works and Water Management) for a period of three years. At the end of Decembe
The Indonesian national anti- monopoly regulator on Wednesday penalized four companies, including Indonesia’s state-run PT Pertamina and Jap… (istockanalyst) [mappress] Source: istockanalyst, January 6, 2011;
France’s Poweo power group said it still wants to build an LNG facility at Le Havre’s Antifer oil terminal… (fairplay) [mappress] Source: fairplay, January 6, 2011;
CH4 Energy Corporation set the first bulk Liquefied Natural Gas (LNG) storage tank on its permanent foundation this week, marking a significant milestone in the construction of the premier retail natural-gas fueling station in North America. The station, developed with funding support from a Utah Cl
Australian energy company Santos today confirmed it would donate $500,000 to help Queensland communities recover from the current extensive flooding across the state. Santos will make a contribution to the following initiatives: * $200,000 to provide direct assistance to Queensland farmers through a
On February 17, representatives from both the Suez and Panama canals have agreed to speak at a Houston conference hosted by Zeus Development Corp to discuss plans for expansions, tolls, and capabilities to assist world liquefied natural gas (LNG) trade. LNG trade is expanding and carrier traffic thr
Total announced that its affiliate Total E&P UK has made a new gas and condensate discovery in the West of Shetland on the United Kingdom Continental Shelf, close to the currently under development Laggan and Tormore fields. The Edradour exploration well lies in block 206/4, 75 kilometres North West
Qatar Petroleum, or QP and Exxon Mobil Corp. Thursday said they signed a joint-venture agreement on the $8.6 billion Barzan natural gas proj… (zawya) [mappress] Source: zawya, January 6, 2011;
Teekay Corporation announced that its Board of Directors has declared a cash dividend on its common stock of $0.31625 per share, payable on January 28, 2011 to all shareholders of record as at January 14, 2011. About Teekay Teekay Corporation transports more than 10 percent of the world’s seaborne o
“Financial News for Major Energy Producers (the News)” is a report on the recent financial performance of major U.S. energy producers. Twenty U.S. majors collectively reported $17.4 billion of net income in the third quarter of 2010, which was 32-percent more than the $13.2 billion these companies r
Gas Innovations, a leading independent gases wholesaler and provider of equipment and services to industrial gas producers and distributors, announced the purchase of four acres adjoining the firm’s LaPorte, TX headquarters. The acquisition doubles the size of Gas Innovations’ facilities strategical
Technip was awarded a lump sum contract by Enbridge Offshore Facilities L.L.C. for the development of the Walker Ridge gas gathering system in the Gulf of Mexico, at a water depth of 7,000 feet (2,130 meters). This award reinforces Technip’s leading position in the Gulf of Mexico ultra deep water ma
