Electrical equipment maker Schneider Electric could cut over 130 jobs in France as it restructures its production of prefabricated power substations and shrinks the segment's staff by a third, a company spokesman told Reuters.Talks with…
China will raise consumption tax on oil products from Saturday, the Ministry of Finance said on Friday.Consumption tax on gasoline, naphtha and lubricants will be raised by 0.12 yuan ($0.0195) per litre, while consumption tax on diesel…
Kenya Power plans to spend 8.7 billion shillings ($96.6 million) on new power distribution stations to improve electricity supply aimed at curbing chronic power shortages that companies say have discouraged investments.Kenya Power, the country's main electricity transmission company…
Russia's rouble and shares hit new lows on Friday as oil prices collapsed after OPEC decided to leave its output unchanged despite heavy oversupply.At 1000 GMT, the rouble was around 2.2 percent below the previous close at 49.72 roubles per dollar…
Rolls-Royce has won a £12 million order to provide design, integrated power and propulsion systems and equipment for a highly advanced multipurpose service vessel for the Norwegian ship owner Myklebusthaug Management to be built at the Beşiktaş Shipyard in Turkey…
Mitsubishi Heavy Industries, Ltd. (MHI) has completed development of the 'Sayaringo STaGE,' a next-generation LNG (liquefied natural gas) carrier. The Sayaringo STaGE was developed as a successor to the 'Sayaendo1,' the company's highly acclaimed…
Drillsearch Energy Limited announced a new wet gas discovery on the Western Cooper Wet Gas Fairway of the Cooper Basin.The Varanus South-1 well in PEL 513 (Drillsearch 40% and Santos 60% and Operator) is the first well to be drilled by Santos…
Reference is made to the third quarter 2014 report released on Nov 26, 2014. Golar LNG will be trading ex-dividend of a total dividend of $0.45 per share on December 3, 2014. The record date will be December 5, 2014 and the dividend will be paid on or about December 30, 2014.
Moscow hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Taner Yildiz, Minister of Energy and Natural Resources of the Republic of Turkey.The meeting addressed the issues of strategic partnership…
Woodside, as Operator of the North West Shelf (NWS) Project, advises that the NWS Projectparticipants have approved the Persephone Project off the north-west coast of Australia.The Persephone Project is the third major gas development for the NWS Project in the past six years…
NYK welcomed about 60 environmental supervisors from 47 NYK Group companies to the group’s annual Environmental Management Conference in Tokyo. NYK holds this conference with NYK Group companies to share information on environmental practices…
Petroleum Geo-Services ASA : Kuala Lumpur Becomes the New Asia Pacific Regional HeadquartersAs a part of the plan to restructure PGS business activities in Asia Pacific the Company has decided to relocate its regional headquarters from Singapore to Kuala Lumpur ('KL')…
Zargon Oil & Gas Ltd. announces that it has entered into a definitive purchase and sale agreement to sell its Hamilton Lake property for $25 million. Property DispositionZargon has entered into an agreement to sell its petroleum and…
UniMarine announced the opening of its new office UniMarine South Europe & Mediterranean.Located in Piraeus (Greece), the office will be servicing the Southern European and Mediterranean region. The office will be headed up by Mr Spiros…
An Aberdeen HSE and risk management firm opened its doors to give people a glimpse of how varied a career in oil and gas can be.Stirling Group Altor took part in the first ever National Oil and Gas Skills Week which welcomed 4,000 people to more than 50 events at venues across the UK…
