![Bermuda: Golar LNG Declares Cash Distribution of USD 0.3342 per Unit]()
Golar LNG Partners LP announced Friday that its board of directors has declared a prorated quarterly cash distribution with respect to the quarter ended June 30, 2011 of $0.3342 per unit. The distribution was prorated for the period beginning on April 13, 2011, which was the closing date of Golar LNG Partners LP’s initial public [...]
![Italy: Eni Establishes Nomination Committee]()
The Board of Directors of Eni established the Nomination Committee, led by the Chairman of the Board of Directors, Giuseppe Recchi, and composed by the Chairmen of the other Board Committees: Alessandro Lorenzi (Chairman of the Internal Control Committee) Alessandro Profumo (Chairman of the Oil-Gas Energy Committee) and Mario Resca (Chairman of the Compensation Committee). [...]
![Germany: Future Looks Bright for Linde Group]()
The technology company The Linde Group continued to achieve profitable growth in the first half of 2011. “We are well on our way,” said Professor Dr Wolfgang Reitzle, Chief Executive Officer of Linde AG. “We’ve seen a strengthening of demand in both our gases business and our engineering business worldwide.” Reitzle is also confident about [...]
![Australia: Subsea 7 Lands USD 440 Million Gorgon Contract from Chevron]()
Subsea 7 S.A. announced today that it has been awarded a contract valued at approximately $440 million from Chevron Australia Pty Ltd for the Chevron-operated Gorgon Project, offshore Western Australia. The work scope includes installation and tie-in of heavy lift structures in the Gorgon and Jansz Fields, respectively 65km and 130km from Barrow Island, off [...]
![LNG Energy Announces Spud of Starogard S-2 Well in Poland]()
LNG Energy Ltd. announced that its third vertical well, the Starogard S-1 well on the Starogard concession in Poland, was spudded on July 16, 2011. LNG has an indirect 20% interest in the well which is currently drilling at a depth of about 1,700 meters and has installed 690 meters of steel casing and cementing [...]
![USA: ExxonMobil 2Q Earnings Rise 41 pct]()
“ExxonMobil recorded strong results during the second quarter of 2011, while investing at a record level of over $10 billion to develop new supplies of energy to meet growing world demand”, EXXONMOBIL’S Chairman Rex W. Tillerson commented “Second quarter earnings of $10.7 billion were up 41% from the second quarter of 2010, reflecting higher crude oil [...]
![USA: Florida School District Switches to Natural Gas]()
A Florida public school district is switching its school bus fleet to natural gas, cutting fuel costs by up to 40 percent and reaping the benefit of private sales, thanks to a landmark partnership with a company that is building a network of CNG and LNG fueling stations around the state. Leon County Schools (Tallahassee) [...]
![USA: Noble Energy Announces 2Q Net Income of USD 294 Million, on Revenues of 954 Million]()
Noble Energy, Inc. reported today second quarter 2011 net income of $294 million, or $1.61 per share diluted, on revenues of $954 million. The Company’s second quarter 2010 net income was $204 million, or $1.10 per share diluted, on revenues of $751 million. Net income for the second quarter 2011 includes unrealized commodity derivative [...]
Eni has made a new hydrocarbon discovery offshore Ghana through the Gye Nyame 1 well, which is located in the OCTP block 50 km off the Ghanaian shoreline. The well, which was drilled in 519 meters of water, was drilled to a total depth of 3,349 meters and encountered significant thickness of gas and condensate [...]
![The Netherlands: High Energy Prices Drive Shell Earnings Up]()
Royal Dutch Shell’s second quarter 2011 earnings, on a current cost of supplies (CCS) basis (see Note 1), were $8.0 billion compared with $4.5 billion the same quarter a year ago. Basic CCS earnings per share increased by 74% versus the second quarter of 2010. Second quarter 2011 CCS earnings, excluding identified items (see page [...]
