Post Archive by Day: October 4, 2018

Baltic LNG entering new stage of implementation

October 4, 2018 Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, and Maarten Wetselaar, Member of the Executive Committee of Royal Dutch Shell, today signed at the 8th St. Petersburg International Gas Forum the Framework Agreement on the joint design concept (pre-FEED) for the Baltic LNG project. Enlarged photo (JPG, 5.8 MB) The signing ceremony took place in the presence of Alexey Miller, Chairman of the Gazprom Management

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Transneft planning to convert motor vehicles to natural gas

October 4, 2018 Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, and Pavel Revel-Muroz, Vice President of Transneft, today signed a Cooperation Agreement at the 8th St. Petersburg International Gas Forum. Pavel Revel-Muroz, Vitaly Markelov, and Alexey Miller (background) at signing ceremony Enlarged photo (JPG, 6.2 MB) The signing ceremony took place in the presence of Alexey Miller, Chairman of the Gazprom Management Committee. Among other things, the

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Alexey Miller and IGU President Joe M. Kang discuss role of natural gas in energy mix

October 4, 2018 A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Joe M. Kang, President of the International Gas Union (IGU), took place today at the 8th St. Petersburg International Gas Forum. The parties discussed the world gas industry’s development trends, including the long-term role of natural gas in the global energy mix. According to IGU, global gas consumption with grow by 1.6 to 2 per cent per year

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Gazprom and VNG discuss gas export and storage-related issues

October 4, 2018 A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Ulf Heitmueller, Chairman of the Executive Board of Verbundnetz Gas (VNG), took place today at the 8th St. Petersburg International Gas Forum. At meeting Enlarged photo (JPG, 2.4 MB) During the meeting, the parties discussed current issues and cooperation prospects, focusing on, among other things, Russian gas exports to Germany. It was noted that in the first

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Gazprom and Fortum discuss ongoing construction of Nord Stream 2 gas pipeline

October 4, 2018 A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Pekka Lundmark, President and CEO of Fortum, took place today at the 8th St. Petersburg International Gas Forum. Alexey Miller and Pekka Lundmark Enlarged photo (JPG, 1.6 MB) The parties discussed the ongoing and future cooperation, focusing on, inter alia, the status of joint efforts in the power sector. Attention was also paid

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Gazprom and Linde look into expanding cooperation

October 4, 2018 A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Aldo Belloni, Chief Executive Officer of Linde, took place today at the 8th St. Petersburg International Gas Forum. Alexey Miller (second right) Enlarged photo (JPG, 5.6 MB) The parties noted the strategic nature of their cooperation, discussing, among other things, the Amur Gas Processing Plant (GPP) construction project. Linde is the supplier of equipment for

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The President of Ghana Akufo-Addo meets Eni CEO Claudio Descalzi

The meeting was the occasion to discuss the frontrunner role Ghana can play in the partnership Eni recently signed with UNDP to combine efforts on the development of renewable energy, energy efficiency, forestry and clean cooking initiatives. Accra, 4 October 2018 – The President of the Republic of Ghana, H.E. Nana Addo-Dankwa Akufo-Addo, and the CEO of Eni, Claudio Descalzi, met yesterday in Accra. The

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Europe may increase gas imports by 100 billion cubic meters in the next decade

04.10.2018 The growth potential of gas imports to Europe in the next 10 years is estimated at 100 billion cubic meters. This was announced at the panel session during the Russian energy week by the Minister of energy of Russia Alexander Novak, reports on Wednesday TASS. “As for the pipeline gas, we expect to increase the consumption of the corresponding

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Oil discovery in the Norwegian Sea more than doubles the remaining Norne oil reserves

October 4, 2018 08:34 CEST | The Norne FPSO in the Norwegian Sea. (Photo: Anne-Mette Fjærli) Equinor has, together with partners ENI and Petoro, completed the appraisal well on the Cape Vulture discovery from 2017. The well confirms a volume potential of 50-70 million recoverable barrels of oil. The discovery more than doubles the remaining oil reserves to be produced

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Aramco Asia-Japan, Miraikan sign agreement to promote science and technology

TOKYO, Japan, October 04, 2018   Omar Al Amudi, AAJ representative director (fifth from left), poses with Aramco Asia-Japan representatives, Mamoru Mohri, chief executive director of Miraikan (fourth from left) and Miraikan delegates in front of the symbolic globe-like display “Geo-Cosmos.” Aramco Asia-Japan (AAJ) recently signed an agreement with The National Museum of Emerging Science and Innovation to contribute to

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Critical Factors in Acquisition Due Diligence Case Histories

Posted on 04 October 2018. Earlier this week RISC hosted another networking event at the Institute of Directors in London where clients, both old and new, came to hear Gavin Ward discuss what critical factors skew valuations in oil and gas acquisitions. RISC has taken part in hundreds of acquisitions and divestments. We have advised on Ophir’s acquisition of Santos’ SE

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OGC requests comment on candidate standard: Geographic Information — Well Known Text Representation Of Coordinate Reference Systems

Contact: info@opengeospatial.org Release Date: Thursday, 4 October 2018 UTC New edition is aligned with the coordinate reference systems described in ISO 19111:2018, including dynamic geodetic reference frames, three-dimensional projected coordinate reference systems, datum ensembles, and coordinate metadata. The Open Geospatial Consortium (OGC) seeks public comment on the candidate standard jointly developed by the International Organization for Standardization (ISO) and the

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Geoscience BC Presents to BC’s Select Standing Committee on Finance and Government Services

October 04, 2018 Geoscience BC presented two recommendations to BC’s Select Standing Committee on Finance and Government Services on September 24, 2018. President and CEO, Gavin Dirom, and Executive Vice President & Chief Scientific Officer, Carlos Salas recommended: 1. To commit $10 million per year for five years ($50 million total commitment) through year-end funding as of March 31, 2019

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Subsea contract awarded for India’s largest deepwater project

04 October, 2018 A consortium comprised of Baker Hughes, a GE company, McDermott and L&T Hydrocarbon Engineering has been awarded the subsea contract for India’s Oil & Natural Gas Corporation’s block DWN-98/2 in the Krishna Godavari Basin. Under the contract, the three firms will be responsible for the delivery of all subsea production systems for the project. The integrated subsea

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ConocoPhillips to Hold Third-Quarter Earnings Conference Call on Thursday, Oct. 25

OCTOBER 4, 2018 HOUSTON – ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, Oct. 25, 2018 at 12:00 p.m. EDT to discuss third-quarter 2018 financial and operating results. The company’s financial and operating results will be released before the market opens on Oct. 25. To access the webcast, visit ConocoPhillips’ Investor Relations site,www.conocophillips.com/investor, and click on the

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API Supports Administration’s Pipeline Cybersecurity Initiative

WASHINGTON, October 4, 2018 – The American Petroleum Institute released the following statement regarding the new Pipeline Security Initiative, announced jointly by the Department of Energy and the Department of Homeland Security: “Protecting America’s energy infrastructure from cyberattacks is a major priority for the natural gas and oil industry and a common goal that we share with DHS, DOE and

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Aker Solutions to Provide Brownfield Services for BP in Angola

October 4, 2018 Aker Solutions has been awarded a five-year agreement to supply brownfield modifications, maintenance and operations support for BP’s Greater Plutonio and PSVM fields offshore Angola. The scope of work covers the supply of engineering, procurement, and construction services for brownfield projects on the floating production, storage and offloading (FPSO) vessels located at each field. This includes support

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