UK-listed Premier Oil has informed that its takeover of E.ON’s North Sea assets has been classified as a reverse takeover under the listing rules. According to a definition on Investopedia, the reverse takeover is a type of merger used by private companies to become publicly traded without resorting
Dunkerque LNG has made another step towards the start-up of the terminal as it began testing of the three liquefied natural gas tanks.
Russian gas giant Gazprom posted a net loss of 2 billion roubles in the third quarter of 2015, compared to a net profit of 105.7 billion roubles in the same period a year earlier.
The Norwegian Petroleum Directorate, a government agency whose task is to manage the oil and gas resources on the Norwegian Continental Shelf, informed on Friday that oil production in Norway for December 2015 was above the oil production in December 2014 and higher than NPD’s forecast for the month
Novatek, the operator of the Yamal LNG project, reported a fourth quarter 2015 natural gas production of 17.8 billion cubic meters, 9.4 percent up on the same month in 2014.
Vroon, an international shipping company based in the Netherlands, has taken delivery of its new platform supply vessel (PSV) VOS Primrose. The delivery ceremony was held on Monday, January 4, 2016, at Fujian Southast Shipyard in China. The vessel left the shipyard on Thursday on its way to Hong Kon
Polish group of companies, MARS Shipyards & Offshore, has recently signed a number of contracts for building structures for the offshore wind and oil & gas markets. Among the contracts is the one that Morska Stocznia Remontowa Gryfia (MSR Gryfia), part of MARS Group, secured for the construction of
Polish group of companies, MARS Shipyards & Offshore, has recently signed a number of contracts for building structures for the offshore wind and oil & gas markets. Among the contracts is the one that Morska Stocznia Remontowa Gryfia (MSR Gryfia), part of MARS Group, secured for the construction of
Lithuania’s planned imports of liquefied natural gas from Cheniere’s Sabine Pass liquefaction facility in the United States have been delayed due to gas distribution system specifications.
Low oil prices have given rise to considerable challenges for the petroleum industry. Significant remaining resources, combined with cost reductions and improved efficiency, can ensure continued high activity and future profitability, the Norwegian Petroleum Directorate, an agency responsible for th
The global LNG industry is bracing for the outcome of one of the biggest deals in history of this relatively young industry as the shareholders are about to vote on the proposed Shell-BG merger.
Qatargas on Wednesday revealed that 693 cargoes were shipped in 2015 from its common LNG storage and loading asset at Ras Laffan port.
Norwegian oil company Statoil has acquired 37,101, 561 shares in Lundin Petroleum AB, an independent oil company based in Sweden at a total purchase price of approximately SEK 4.6 billion ($539.4 million). The amount of shares Statoil bought corresponds to 11.93 percent of the shares and votes. The
To provide local communities with information about the Hywind Scotland Pilot Park, Statoil will hold a public exhibition on 20 January in Peterhead. The exhibition will take place at the Palace Hotel, starting with an oral presentation at 6 p.m. Representatives from the project will be present to a
