Industry Moves Archive: Jan-May 2009

TNK-BP Commits to Sell Oil Field Services Business to Weatherford International

TNK-BP today announced the sale of its Oil Field Services (OFS) enterprises to Weatherford International Ltd via a legally binding Sales and Purchase Agreement signed 29 May 2009. The sale remains subject to approval from Russia's Federal Anti Monopoly Service.
29/05/2009 More »

TNK-BP Shareholders Agree on CEO Succession Plan

BP and Alfa-Access-Renova consortium agree succession plan to appoint new independent chief executive officer of TNK-BP by end of the year. TNK-BP board of directors unanimously supported appointment of two experienced executives to senior positions in TNK-BP.
28/05/2009 More »

New Senior Management Structure for Royal Dutch Shell

Royal Dutch Shell announce a series of changes to senior management roles and responsibilities, aimed at sharper focus on operating performance and technology. The changes will be effective as of 1st July 2009.
27/05/2009 More »

Fluor Forms Renewable Energy Business Line

Fluor forms dedicated business line within its Power Group to focus on global renewable energy needs specifically for clients in the solar, wind and biomass sectors. Fluor's additional Power business line is complements its existing nuclear, gas fueled, solid fueled and air quality control offerings.
14/05/2009 More »

Economic Benefits of Energy

Scotland's energy sector makes significant contribution to economic recovery, according to figures published as part of evidence to the Scottish Parliament's Economy, Energy and Tourism Committee's energy inquiry.
13/05/2009 More »

Wood Group Completes Asia Pacific Production Facilities Acquisition

Subsidiary of John Wood Group PLC acquires Proteus Global Solutions Pty Limited ("Proteus"), an independent Perth based provider of commissioning, operations support and engineering services. Proteus provides its services across the Asia Pacific region to a range of sectors, including oil & gas.
05/05/2009 More »

West Don Field Commences Production

Petrofac announces commencement of production from West Don field in UK North Sea. Petrofac Energy Developments is Operator of the field with Valiant Petroleum, Nippon Oil Exploration and Production (UK) Ltd, Stratic Energy and First Oil as its development partners.
29/04/2009 More »

Gazprom and Royal Dutch Shell Sign LNG and Natural Gas Contracts

Alexey Miller, Chairman of OAO Gazprom's Management committee, and Jeroen Van der Veer, Chief Executive Officer of Royal Dutch Shell, sign agreements concerning LNG and pipeline gas supplies. Sgreements include purchase of LNG by both Shell Eastern Trading LTD and Gazprom Global LNG from Sakhalin Energy Investment Company.
08/04/2009 More »

Ofgem Consultation - Carbon Capture and Storage

Energy regulator Ofgem launches industry consultation on potential for future reuse of some natural gas pipelines in Scotland for carbon dioxide transportation as North Sea supplies decline.
08/04/2009 More »

TNK-BP Says Russian Oil Trading Needs Single Exchange

Russia should have unified oil products exchange, with liquidity supported by a combination of government measures and activity of major oil producers, said a top official of Russia's third-largest oil producer, TNK-BP.
07/04/2009 More »

Peter Mandelson Leads First British Government-sponsored Trade Delegation to Iraq in Twenty Years

The first British Government-sponsored Trade delegation in over twenty years touched down in Iraq on Monday. Lord Mandelson the Business Secretary is leading the high level business delegation on a one day visit to the country. The delegation comprising 23 companies will take the opportunity to visit both Baghdad and Basra.
07/04/2009 More »

First Oil Achieved by Wood Group's Duty Holder Operation in the North Sea

First oil achieved on Jacky oilfield and production restarted on Beatrice Bravo facility. Wood Group Engineering (North Sea) Ltd is Duty Holder for Ithaca Energy (UK) Limited, licencee for the Beatrice offshore facilities and the Nigg onshore terminal.
06/04/2009 More »

TNK-BP to Invest $1 Billion by 2012 into Development of the Samotlor Field

Russian-British company TNK-BP to invest $1 billion by 2012 into development of the Samotlor field for maintaining oil production in it at the level of 30 million tons.
03/04/2009 More »

UK Atomic Energy Authority Seeks Buyers for its Commercial Business, UKAEA Limited

The UK Atomic Energy Authority intends to offer for sale its commercial arm, UKAEA Limited. The UK Atomic Energy Authority is wholly owned by the UK Government and is seeking a purchaser for up to 100% of the issued share capital of UKAEA Limited, which provides nuclear decommissioning, waste management and site environmental remediation services and nuclear new build support services under contract both in the UK and overseas.
30/03/2009 More »

Wood Group Launches New Service in Renewable Energy

The Gas Turbine Services division of John Wood Group PLC launches a new service in the renewable energy sector. Wood Group Renewable Energy Services (WGRES) will focus on the wind turbine market and offer operations, maintenance, asset management, parts sourcing, monitoring and diagnostic and other related services for the renewable energy industry.
25/03/2009 More »

Premier Oil Announce Proposed Acquisition of Oilexco North Sea Limited (In Administration)

Oilexco Incorporated ("Oilexco") advised by Administrators of Oilexco North Sea Limited (ONSL) that the Administrators have entered into a contract for Premier Oil to acquire all the shares of ONSL for $505 million subject to a Company arrangement with the creditors, failing which Premier will acquire the business and assets of ONSL for $415 million.
25/03/2009 More »

ExxonMobil Makes Technology Investment in China

ExxonMobil Chemical Company announced is to build a technology centre in Shanghai, China to provide product applications support for its growing business in the Chinese and Asian markets. The technology centre in Shanghai is expected to be operational in 2010.
17/03/2009 More »

Aker Solutions Signs Partnership Agreement With ACEC of Saudi Arabia

Aker Solutions signs partnership agreement with Arabian Consulting Engineering Centre (ACEC) to support its plans to grow in the engineering services market in the Kingdom of Saudi Arabia. Aker Solutions will provide managerial and technical support to expand ACEC's engineering services business.
12/03/2009 More »

BG Group Final Offer for Pure at $8.25 Subject to Acquiring 90% Interest

BG Group today announced that it will increase its recommended all cash takeover offer for Pure Energy Resources Limited ("Pure" - ASX: PES) from $8.00 to $8.25 per share, on condition that BG Group has acquired a relevant interest in 90% of Pure's ordinary share capital by the close of the BG Group offer period.
27/02/2009 More »

Consortium Formed for UK Offshore Wind Farms Round 3

Four leading international energy companies join forces to bid to win exclusive rights to develop wind farms under the terms of Zone Development Agreements (ZDAs) as part of The Crown Estate's third licence round for UK offshore wind farms (Round 3).
26/02/2009 More »

Petrobras Signs Partnerships with Chinese Companies

Petrobras signs two memoranda of understanding and a sales agreement for 60,000 to 100,000 barrels of oil per day to Unipec Asia Co. Ltd., a subsidiary of China Petrochemical Corporation &150; Sinopec. The purpose of the memoranda of understanding is to drive economic development and trade between the two nations.
19/02/2009 More »

New Energy Source Comes Onstream at Sakhalin II

President Dmitry Medvedev opens Russia's first liquefied natural gas plant built by Sakhalin Energy Investment Company Limited (Sakhalin Energy). The LNG plant is the heart of the Sakhalin II Project, one of the largest integrated oil and gas projects in the world.
18/02/2009 More »

Pure Recommends BG Group Takeover Offer

Board of Pure Energy Resources Limited (Pure) announce that it is recommending BG Group's increased all-cash offer of A$8.00 per Pure share, valuing the entire issued capital of Pure at approximately A$995 million.
18/02/2009 More »

Chevron to Establish Sustainable Energy Efficiency Centre in Qatar

Chevron Corporation announces plans to commit $20 million over five years to form a partnership with the Qatar Science & Technology Park (QSTP) in Doha and establish a centre of excellence in renewable power and energy efficiency.
17/02/2009 More »

Mandelson and Denham Announce Review of Engineering
Construction Sector

Business Secretary Lord Mandelson and Skills Secretary John Denham today announce their Departments will conduct a review of productivity and skills in the engineering construction sector.
16/02/2009 More »

KBR CEO Comments on DOJ and SEC Settlement Agreements in Foreign Corrupt Practices Act Investigation

KBR Chairman, President and CEO William P. Utt comments on the Department of Justice (DOJ) and Securities Exchange Commission (SEC) settlements related to KBR's violations under the Foreign Corrupt Practices Act (FCPA) occurring between 1994 and 2004.
11/02/2009 More »

Technip and Air Products Extend Global Alliance

Technip and Air Products sign agreement for a long term extension of their global business alliance for hydrogen and synthesis gas facilities. Technip provides licensing for its proprietary technologies, design and engineering services while Air Products provides the gas separation technology.
09/02/2009 More »

BG Group Makes A$796 Million Takeover Offer for Pure

BG Group plc today announced its intention to make an all-cash takeover offer to acquire all of the issued shares in Pure Energy Resources Limited for A$6.40 per share.
09/02/2009 More »

Iberdrola And GDF SUEZ Join Forces To Participate In Construction Of New Nuclear Power Stations

IBERDROLA and GDF SUEZ enter partnership to jointly participate in development of new nuclear power stations in the UK. Through the creation of a dedicated joint venture, GDF SUEZ and IBERDROLA, together with SSE, intend to participate in the sale of nuclear sites owned by The Nuclear Decommissioning Authority (NDA) and EDF Development Company Limited. The consortium may consider additional partners.
04/02/2009 More »

E.ON and Ceramic Fuel Cells Extend Microgeneration Collaboration

Ceramic Fuel Cells (Europe) Limited, a subsidiary of Ceramic Fuel Cells Limited, a fuel cell development company, and E.ON, extend their exclusive agreement to further develop and deploy fuel cell micro combined heat and power (mCHP) units in Great Britain.
02/02/2009 More »

National Grid says Half Britain's Homes Could be Heated by
Renewable Gas

Up to half the country's domestic gas heating could be met by turning waste into biogas, according to a new report from National Grid. Biogas could give the UK a new reliable source of green energy as the North Sea gas reserves run down.
02/02/2009 More »

Oil find in Oseberg Area

StatoilHydro completes drilling of an exploration well in Curran prospect which lies in the western part of Oseberg in the North Sea. Results show a small oil discovery in the upper part of the Brent group.
30/01/2009 More »

North Sea Supergrid

Scotland will help plan a North Sea Offshore Grid to export surplus renewable energy. The EU's North Sea Grid Co-ordinator Georg Adamowitsch asks Scotland to take part in a grid development group to build a European electricity supergrid.
27/01/2009 More »

TNK-BP May Reduce Oil Production by up to 1% in 2009 Due to the Economic Situation

TNK-BP admits that oil production may be reduced in 2009 by up to 1% due to the current economic situation, German Khan, Executive Director of TNK-BP, said at the meeting with Vladimir Yakushev, Governor of the Tyumen Region, last Tuesday in Tyumen.
27/01/2009 More »

TNK-BP to Start Commercial Development of Two Fields in the South of the Tyumen Region

TNK-BP to start commercial development of two fields in southern part of the Tyumen Region &150; the Urnenskoe and Ust-Tegusskoe fields in the Q1&150;Q2 2009, German Khan, Executive Director of TNK-BP, said at the press conference held 23 January, together with Vladimir Yakushev, Governor of the Tyumen Region.
27/01/2009 More »

Changes in Aker Solutions Executive Management Team

To further strengthen its management and accelerate strategic development of core business areas, Aker Solutions decides to adjust its executive management team.
22/01/2009 More »

Iberdrola and SSE to Form Joint Venture for UK Nuclear New
Build Programme

Iberdrola, S.A. and Scottish and Southern Energy Plc announce their intention to form a joint venture to enable them to participate in the UK's nuclear new build programme. Working with all relevant parties, the joint venture's initial aim is to secure sites suitable for nuclear power stations.
20/01/2009 More »

Gazprom Initiate Gas Deliveries to Ukraine

Today at 5.50 Moscow time Gazprom sent the first request to the NAK Naftogaz Ukrainy United Dispatching Center (ODU) for the transit of 99.2 million cubic meters of gas a day starting from 10.00 via the Sudja gas metering station already under the operational pressure and prepared to feed gas since 13 January.
20/01/2009 More »

Lundin Petroleum Capital Expenditure Budget

Lundin Petroleum AB announces details of its USD 560 million development and exploration budget for 2009. The 2009 budget is a 23 percent reduction on the 2008 capital expenditure budget. The development budget for 2009 is USD 215 million with major focus upon completion of ongoing development projects in Norway and Indonesia.
20/01/2009 More »

Lundin Petroleum Increases Reserves by 26%

Lundin Petroleum AB announces that as at 1 January 2009 its net proven and probable working interest reserves increased to 217.5 million barrels of oil equivalent (mmboe) which equates to a reserve replacement ratio of 394 percent.
20/01/2009 More »

Gazprom and Naftogaz Prepare Gas Transit Agreement and Contract on Gas Deliveries to Ukraine

According to agreements reached by the heads of governments of Russia and Ukraine last night, OAO Gazprom and NAK Naftogaz are preparing the gas transit agreement and a contract on gas supplies for Ukrainian consumers for subsequent signing.
18/01/2009 More »

TNK-BP Announces New Board of Directors

TNK-BP announces a number of important appointments which underpin the new system of corporate governance in the company consistent with the revised shareholder agreement signed by AAR and BP at the beginning of January.
15/01/2009 More »

E.ON and RWE Form Joint Venture to Build UK Nuclear Power Stations

RWE AG and E.ON AG create joint venture to develop new nuclear power stations in the UK. The 50:50 joint venture between E.ON UK and RWE npower will have a long-term focus on seeking to secure sites being sold by the NDA (Nuclear Decommissioning Agency) and taking them through the consents process to building and operating new nuclear power stations. The joint venture will aim to develop at least 6GW of capacity in the UK.
14/01/2009 More »

Naftogaz Ukrainy Refuses to Transit Gas to Slovakia

Gazprom report: "Today we have received another refusal from Naftogaz Ukrainy to accept Russian gas into its system, this time via the Uzhgorod corridor. Our request to transit 22.2 million cubic meters daily via the Sudja GMS &150; Uzhgorod GMS route to Slovakia, which is especially hit now by the natural gas supply shortage, has been routinely rejected by Naftogaz."
13/01/2009 More »

International Monitors at Work in Russian Gas Metering Stations

International monitors admitted to Russian gas metering stations back on January 12 pursuant to a list presented by the European Commission currently engaged in monitoring activities.
13/01/2009 More »

Gazprom: "Once We Feed Gas to Entry Point of Ukrainian Gas Transmission System, It is to Appear at Exit Point!"

Gazprom state "Once Russian gas is fed to the entry point of the Ukrainian gas transmission system, the volume of gas at the exit point on the western border of Ukraine should be exactly equal to the volume of gas fed into the Ukrainian gas transmission system.
13/01/2009 More »

Restoration of Gas Transit via Ukraine

In full accord with the recent agreements, today Gazprom is resuming gas supplies to European customers via the Ukraine at 10.00 Moscow time "following a forced stoppage caused by improper actions of the Ukrainian party", Gazprom stated.
13/01/2009 More »

Adjustment of Grane Interests

In accordance with agreement between partners on the Grane field in the North Sea the distribution of interests in production licences PL001 and PL169B1 has been updated. Resource allocation between the two production licences was decided by expert opinion. Production licence PL001 now accounts for 22.82% of the Grane Unit, whereas PL169B1 accounts for 77.18%.
12/01/2009 More »

Acergy S.A. Sells Acergy Piper

Acergy S.A. announces completion of the sale of Acergy Piper to Saipem (Portugal) Comèrcio Marìtimo S.U. Lda for $78 million. Acergy Piper, a semi-submersible pipelay barge, has operated primarily in the North Sea and more recently on the Mexilhao Project in Brazil, and is the Company's sole operating unit in the non-core trunkline market.
12/01/2009 More »

Expro Plays Important Role in World's First Intervention-less
Well Completion

Expro plays important role in world's first totally intervention-less gas well completion using the EXcape® Completion Process. Patented by Marathon Oil Company, with development assistance from Expro, BJ Services and GEODynamics, the EXcape® Completion Process saves considerable time and expense in well stimulation activity by isolating, remotely perforating and fracture stimulating across multiple zones, including the setting and removal of isolation devices.
09/01/2009 More »

BP and AAR Sign Deal To Align Interests and Boost Value
of Russian Joint Venture

BP announced today deal agreed in principle last September to revise shareholder agreement with its Russian partners in TNK-BP now finalised, paving the way for the next phase in the development of Russia's third largest oil and gas company. Revised agreement is aimed at improving the balance of interests between the company's 50:50 owners, BP and Alfa Access-Renova (AAR).
09/01/2009 More »

Jacobs Responds to 'Mini-Tender' Offer

Jacobs Engineering Group Inc. announced today that it has been notified of an unsolicited "mini-tender" offer by TRC Capital Corporation to acquire up to two million shares of Jacobs common stock, representing less than two percent of Jacobs' outstanding shares, at a price of $42.50 per share.
08/01/2009 More »

Commercial Operations Begin at First Expansion of Isle of Grain
LNG Importation Facility

National Grid confirms commercial operations began at the first expansion of the Isle of Grain LNG Importation facility. It is therefore now available for its new and existing customers to berth and unload LNG vessels and to nominate gas flows into the downstream networks.
05/01/2009 More »

Lundin Petroleum: Exploration and Appraisal Well Spudded on PL 006C, Offshore Norway

Lundin Petroleum AB (Lundin Petroleum) announce that drilling of the well 2/5-14S with planned side track 2/5-14A located in Block 2/5, PL 006C, in the North Sea sector of the Norwegian Continental Shelf (NCS), has commenced.
02/01/2009 More »