Deputy Oil Minister and managing director of National Iranian Oil Company, Ahmad Ghalehbani took part in Moscow International Energy Conference on Thursday. In his address, Ahmad Ghalehbani mentioned the role of strategic Strait of Hormuz in the region: “Strait of Hormuz can be a unifying factor as well as a factor of solidarity for the [...]
April 9, 2012 | Posted in
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BPZ Energy , an independent oil and gas exploration and production company, announced today that Mr. Stephen R. Brand and Ms. Jerelyn Eagan have accepted positions as Independent Directors. Their appointments are effective immediately. Mr. Brand has extensive experience in the oil and gas business, starting his career in 1976 as a geologist with Phillips [...]
Last Saturday, on March 24th, a naming ceremony for Olympic Shipping’s new Platform Supply Vessel took place in Ålesund. The naming of the vessel, now called Olympic Energy, was performed by Godmother Marianne Synnes. After the ceremony, the ship was open to the public and about 1500 people used the chance to study the ship [...]
Russia’s Prime Minister Vladimir Putin yesterday issued an executive order appointing Rosneft’s Pavel Fedorov as Deputy Energy Minister. In response to Pavel Fedorov’s move to work as Deputy Minister in the Ministry of Energy of the Russian Federation, his responsibilities have been reassigned to members of the Rosneft management board. Pavel Fedorov, who left the [...]
Under the 15-year agreement, IEC is expected to purchase approximately 2.7 trillion cubic feet (Tcf) of natural gas as fuel to provide electricity to the state of Israel and retains, under certain conditions, an option to expand the agreement quantity to approximately 3.5 Tcf.
A true hybrid energy system is currently being developed for installation on board the offshore supply vessel Viking Lady. An impressive battery pack for energy storage will soon be installed. When the new system is complete, the operation of the engine will be more smooth and cost effective giving further emission reductions. The Viking Lady [...]
March 14, 2012 | Posted in
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Anders Eldrup will resign from his role as CEO of Denmark-based DONG Energy. According to the information on the company’s website, he will do so by mutual consent. Fritz Schur, Chairman of the Board of Directors, states: ”Anders Eldrup has made a huge contribution to DONG Energy for eleven years and is handing over a [...]
Norway’s shipbuilding company, Kleven Maritime, focused on fitting out and delivery of specialised vessels, has ordered a subsea crane from TTS Energy As. The contract value is estimated at NOK 65 million (USD 11.3 million) with the delivery scheduled for May 2013. Kleven will have an option to order two identical cranes with respective delivery [...]
March 12, 2012 | Posted in
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Read More » ![USA: Exxon Mobil Reveals Massive 5-Year Investment Plan]()
Exxon Mobil Corporation plans to invest approximately $185 billion over the next five years to develop new supplies of energy to meet expected growth in demand, Chairman and CEO Rex W. Tillerson said today in a presentation at the New York Stock Exchange. “During challenging times for the global economy, ExxonMobil continues to invest to [...]
Singapore based KS Energy Limited has secured two project contracts with an established shipyard from China to supply major capital equipment, plus ancillary services, worth approximately S$15 million in total for the construction of two jack up rigs. Under the terms of the contracts, KS Energy is to provide integrated procurement and project management services [...]
