Post Archive by Month: November,2018

Statement of PGNiG Management Board following Final Investment Decision on Baltic Pipe Project

30.11.2018 The Management Board of PGNiG SA is satisfied with the information on the investment decision regarding the construction of the Baltic Pipe gas pipeline. This is a key investment from the point of view of Poland’s energy security and implementation of the PGNiG Group strategy. “The construction of Baltic Pipe will finally allow Poland to bring gas from our

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Husky Energy Appoints Chief Financial Officer

CALGARY, Alberta, Nov. 30, 2018 (GLOBE NEWSWIRE) — The Board of Directors of Husky Energy (TSX:HSE) has announced the appointment of Jeff Hart as Chief Financial Officer (CFO). “Jeff is already an integral member of our executive management team, having served as our Acting CFO since April 2018, and has extensive experience in progressively senior finance roles at Husky,” said

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2018 China Geothermal Energy International Forum held in Shanghai

2018-11-30 2018 China Geothermal Energy International Forum, hosted by Chinese Academy of Engineering (CAE) and Sinopec, was held in Shanghai on November 27-28. According to the Forum, Sinopec has built 10 smokeless cities nationwide by replacing coal with geothermal energy. China plans to increase 1.1 billion sq m geothermal heating area during the 13th Five-Year Plan (2016-20) period. Sinopec will

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Gazprom’s gas exports to Hungary in 2018 exceed last year’s total

November 30, 2018 A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Norbert Konkoly, Ambassador Extraordinary and Plenipotentiary of Hungary to the Russian Federation, took place in St. Petersburg today. Also present was Gyorgy Kobor, who had been appointed as Chairman of the Board of Directors and Chief Executive Officer of the Hungarian energy company MVM in October 2018. Enlarged photo (JPG, 14.3 MB) The meeting touched upon,

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The Past, Present and Future of Subsea

30 November 2018 Structural Consultant, Justin Jones, recently shared his perspective on how pipeline design has evolved over the past 50 years and his vision on what the future holds, whilst presenting at Subsea UK’s Back to the Future of Subsea event in Woking. Here he tells us more. “Significant advances have been made in the design and analysis of

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EPA’s Latest Biofuel Volumes Reflect A Broken Renewable Fuel Standard

WASHINGTON, November 30, 2018 – Today the American Petroleum Institute said EPA’s final ethanol volumes for 2019 and biodiesel volumes for 2020 are an annual reminder that the Renewable Fuel Standard is broken. “EPA’s latest biofuel mandate that increases ethanol volumes in our fuel supply should concern consumers,” said API Vice President of Downstream and Industry Operations Frank Macchiarola. “Automakers

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Shell completes divestment of upstream interests in Ireland for up to $1.30 billion

Nov 30, 2018 Royal Dutch Shell plc (Shell), through its affiliate Shell Overseas Holdings Limited, has completed the sale of its shares in Shell E&P Ireland Limited (SEPIL), which holds a 45% interest in the Corrib gas venture, for up to $1.30 billion (€1.14 billion), to Nephin Energy Holdings Limited (NEHL), a wholly-owned subsidiary of Canada Pension Plan Investment Board

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Bad weather closes oil terminals

30 November 2018 NOC confirms that a number of crude oil terminals in the country are closed due to persistent bad weather, with loading schedules currently postponed. Ras Lanuf, Zueitina, Zawiya and Es Sider terminals are all non-operational, and due to high waves, Brega terminal might have to halt operations as of this afternoon.  Production has already decreased by 150,000

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Libyan oil exports to China doubles in 2018

29 November 2018 National Oil Corporation (NOC) chairman Eng. Mustafa Sanalla received His Excellency Mr Wang Qimin, China’s Chargé d’Affaires in Libya, and an accompanying delegation, on November 28, 2018. Parties discussed prospects for bilateral cooperation and market entry opportunities for Chinese oil companies in Libya. Chairman Sanalla expressed his satisfaction with the high volume of Chinese imports of Libyan

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NNPC Most Transparent Government Organization, Says Baru

…As Corporation Records $30m Savings in Insurance Premiums The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has described the national oil company as the most open and transparent government-owned corporate entity due to its demonstrable commitment to the ideals of probity and accountability in all its operations. Speaking at the public opening of bids

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ICYMI: Explore Offshore Hosts Capitol Hill Briefing On U.S. Energy Future

WASHINGTON, November 29, 2018 – Explore Offshore, a bipartisan, national coalition to promote expanded access to offshore oil and natural gas resources, held a briefing on Capitol Hill this week (November 28, 2018) to discuss the importance of expanded offshore access and recently released studies affirming the economic boost outer continental shelf (OCS) leasing could give to coastal states –

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Alexey Miller and Markus Ederer, EU Ambassador to Russia, discuss gas supplies and gas transmission projects

November 29, 2018 A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Markus Ederer, Ambassador of the European Union to the Russian Federation, Head of the EU Delegation to Russia, took place in Moscow today. At meeting Enlarged photo (JPG, 2.1 MB) The parties discussed issues related to cooperation in the energy sector. It was noted that Gazprom was the largest supplier of natural gas to the European Union. Following the record

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READ Cased Hole acquires Proactive Diagnostic Services, Inc.

29.November.2018 READ Cased Hole Ltd (READ) is delighted to announce that it has acquired US-based well integrity specialist, Proactive Diagnostic Services, Inc (PDS). This strategic acquisition positions READ as the leading independent global provider of production logging, well integrity and reservoir evaluation services to the oil and gas industry. READ is now better placed than ever before to support operators

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Pemex triples estimate for onshore Ixachi field

29 November, 2018 Mexico’s state oil and gas company Pemex has announced that the onshore Ixachi field in Veracruz could hold up to 1.3bn barrels of oil equivalent. The Ixachi discovery is the country’s biggest onshore find in 25 years. Pemex expects the field to reach 80,000 barrels a day of condensate production and 720m cubic feet per day of

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First Russian-Chinese Energy Business Forum Opens in Beijing

29 November 2018 Today, the first Russian-Chinese energy business forum has opened in Beijing, the capital of the People’s Republic of China. The format of the event was established in July 2018, upon instruction of Russian President Vladimir Putin and Chinese President Xi Jinping. The mission of the Forum is to develop an energy dialogue between Russia and China, increase

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Rosneft and ChemChina Sign an Oil Supply Contract

29 November 2018 Rosneft and China National Chemical Corporation (ChemChina) signed an oil supply contract during the first Russian-Chinese Energy Business Forum. The contract provides for supplies of ESPO crude in the amount of up to 2.4 million tons through the Kozmino port for a year. Conclusion of the contract will lead to an increase in direct supplies of oil

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Igor Sechin and CNPC Chairman Wang Yilin Hold Working Meeting

29 November 2018 Igor Sechin, the Chief Executive Officer of Rosneft Oil Company, and Wang Yilin, the Chairman of the Board of the China National Petroleum Corporation (CNPC), held a working meeting during the first Russian-Chinese Energy Business Forum. The executives signed a science and technology Memorandum of Understanding (MoU). The MoU covers the parties’ cooperation in development of the

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Igor Sechin meets with the First Vice Premier of the State Council of China

29 November 2018 Igor Sechin, the Chief Executive Officer of Rosneft Oil Company and the Executive Secretary of the Presidential Commission for Strategic Development of the Fuel and Energy Sector and Environmental Security, held a meeting with the First Vice Premier of the State Council of the People’s Republic of China Han Zheng. The meeting featured an expanded format. Head

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Rosneft and Beijing Gas Set Up a Joint Venture to Develop a Network of CNG Filling Stations

29 November 2018 An agreement to set up a joint venture for construction and operation of a network of CNG stations in Russia on the basis of Vankor UTT was signed by Rosneft and Beijing Gas Group Company Limited (hereinafter, Beijing Gas) during the first Russian-Chinese Energy Business Forum. Under the agreement, Beijing Gas will have a 45% stake. Pursuant

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