BP Study Sees Technology Boosting Energy Supplies, Providing Path to Lower Carbon Future
BP Technology Outlook predicts secure and sustainable energy future through application of existing and new technologies Advances in technology will keep energy supplies plentiful and affordable – enough to meet projected demand many times over — and help pave the way to a lower carbon energy mix, according to data …
Petrogrand Wins Dispute Against Former CEO
The dispute between Petrogrand and the company’s former CEO and Board Member Maks Grinfeld about the right to severance payment has been settled by arbitration. Maks Grinfeld claims on Petrogrand for 24 month severance has been dismissed by the Arbitration Institute and Petrogrand has been awarded compensation for the main …
GlobalData: Global Gas Generator Installed Capacity Will More Than Double to 18.8 Gigawatts by 2025
Global installed capacity for gas generators will more than double from 8.4 Gigawatts (GW) in 2015 to reach 18.8 GW by 2025, with North America continuing to account for the largest share of the market, according to research and consulting firm GlobalData. The company’s report* states that this increase, which …
RN-Exploration and ExxonMobil Declared Winners of the Mozambique License Round
RN-Exploration (100% Rosneft subsidiary) and ExxonMobil Exploration and Production Mozambique Offshore Limited were declared winners for 3 blocks in the fifth license round organized by the Republic of Mozambique Institute of National Petroleum (Instituto Nacional de Petróleo). The global partnership of Rosneft and ExxonMobil is of a strategic nature, the …
NOVATEK Announces Consolidated IFRS Results for Third Quarter and Nine Months 2015
OAO NOVATEK (“NOVATEK” or the “Company”) today released its consolidated interim condensed financial statements as of and for the three and nine months ended 30 September 2015 prepared in accordance with International Financial Reporting Standards (“IFRS”). In the third quarter and first nine months 2015, our total revenues increased by …
GM&TS sign LNG supply agreement with Pavilion Gas
Gazprom Marketing and Trading Singapore (GM&TS) and Pavilion Gas signed an LNG Sale and Purchase Agreement effective for 10 years. The document stipulates LNG supplies from Gazprom Group’s portfolio to Asian countries, including Singapore. “Today’s agreement is a backbone of trading relations with Pavilion Gas, which extends our long-term cooperation with Singapore. This deal reinforces our positions in the …
GM&TS sign LNG supply agreement with Pavilion Gas
Gazprom Marketing and Trading Singapore (GM&TS) and Pavilion Gas signed an LNG Sale and Purchase Agreement effective for 10 years. The document stipulates LNG supplies from Gazprom Group’s portfolio to Asian countries, including Singapore. “Today’s agreement is a backbone of trading relations with Pavilion Gas, which extends our long-term cooperation with Singapore. This deal reinforces our positions in the …
Shell to Halt Carmon Creek in Situ Project
Royal Dutch Shell plc (“Shell”) today announces that the company will not continue construction of the 80,000 barrel per day Carmon Creek thermal in situ project located in Alberta, Canada. Shell originally sanctioned the project in October 2013 and announced in March 2015 that the project would be re-phased to …
Nostrum Oil and Gas: 9M Results – Revenue Over $370m, Drilling Program On Target
Nostrum Oil & Gas PLC, an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, today announces its operational update for the nine month period ended 30 September 2015. This update is being issued in advance of the release …
BP: Q3 Results – Targeting $60 a Barrel
BP today reported results for the third quarter of 2015 and set out a medium-term financial frame to balance cash flows by 2017 at around $60 per barrel. – Plans for balanced cash flows by 2017 at around $60 per barrel and growth in sustainable free cash flow beyond – …