![NOVATEK Announces Change in Shareholder Structure (Russia)]()
OAO NOVATEK today announced a change in the shareholding structures of shareholders holding not less than five percent of the Company’s ordinary shares. The Company was notified by DHIGNFINOLHU HOLDING LIMITED that its 100% subsidiary, ZGG CAYMAN HOLDING LIMITED, had decreased its stake in the ordinary shares of NOVATEK from 9.4031% to zero. The [...]
![Azerbaijan: SOCAR, BP Discuss Cooperation]()
On April 27, SOCAR President Mr. Rovnag Abdullayev received BP delegation led by Company’s Chief Executive Mr. Robert Dudley. Welcoming the guests, Mr. Abdullayev stated that Exploration work within the contract on exploration of “Azeri-Chirag-Gunashli”, “Shah Daniz” fields, development and production sharing on the prospective “Shafag-Asiman” block in the Azerbaijani sector of the Caspian [...]
![Chevron Reports 1Q Net Income of USD 6.2 Billion (USA)]()
Chevron Corporation today reported earnings of $6.2 billion ($3.09 per share – diluted) for the first quarter 2011, compared with $4.6 billion ($2.27 per share – diluted) in the 2010 first quarter. Sales and other operating revenues in the first quarter 2011 were $58 billion, up from $47 billion in the year-ago period, mainly [...]
![HHI Net Profit Rises 21 Percent (South Korea)]()
Hyundai Heavy Industries, the world’s biggest shipbuilder, today reported first quarter net profit of KRW 903 billion, an increase of 21.16 percent year-on-year. Sales rose 16.92 percent to KRW 6.3 trillion won with operating profit up 10.99 percent to KRW 991.8 billion. Hyundai Heavy’s annual sales target for this year is KRW 26.9 trillion [...]
![ClassNK Issues New Guidelines for FLNG/FLPG Sector (Japan)]()
Nippon Kaiji Kyokai (ClassNK) announced the publication of its new Guidelines for Floating Offshore Facilities for LNG/LPG Production, Storage and Offloading. The new guidelines address the wide variety of construction and survey requirements for FLNG and FLPG facilities including LNG/LPG Floating Production, Storage and Offloading facilities (FPSO), Floating Production and Offloading facilities (FPO), and [...]
![Turkmenistan Launches New O&G Research Center]()
Turkmenistan has recently unveiled a new oil and gas research center in the capital city of Ashgabat. The center is the latest element to be… Source: moveoneinc, April 29, 2011;
![NEXI Backs Insurance for Donggi-Senoro LNG (Indonesia)]()
NEXI has decided to provide Export Credit Insurance regarding an engineering, procurement and construction (EPC) contract won by JGC Corporation of Japan and its subsidiary PT. JGC Indonesia for the Donggi-Senoro LNG Project in Sulawesi, Indonesia, which mainly covers post-shipment political risk. The Donggi-Senoro LNG Project, led by Mitsubishi Corporation, is a joint project [...]
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![Australia: Origin March Quarter Production Rises 21 Percent]()
Origin Energy Limited today released its Quarterly Production Report for its exploration and production business, reporting production of 97.2 petajoules equivalent (PJe) and sales revenues of $627.5 million for the year to 31 March 2011. Origin Executive Director, Finance and Strategy, Ms Karen Moses, said “The Exploration and Production business continues to perform well, [...]
![Gazprom, EDF Discuss South Stream Project (Russia)]()
The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Henri Proglio, Chairman and CEO of EDF Group (France). The meeting focused on EDF entry in the shareholding structure of the South Stream AG joint project company. The meeting participants stressed the relevance and significance of the [...]
![USA: ExxonMobil Profits Jump 69 Percent in First Quarter]()
ExxonMobil Thursday reported its first quarter 2011 results. HIGHLIGHTS • Earnings were $10,650 million, an increase of 69% or $4,350 million from the first quarter of 2010. • Earnings per share were $2.14, an increase of 61%. • Capital and exploration expenditures were $7.8 billion, up 14% from the first quarter of 2010. • [...]
