Subsea 7 ‘to lay off staff’

Subsea 7 ‘to lay off staff’

Posted by Aaron Kerr September 15, 2014


Subsea 7 is reportedly cutting its Norwegian workforce by between 100 and 150 staff as cost-cutting and project delays by the country’s dominant operator Statoil have hit its orderbook. The UK-based subsea engineering, construction and services contractor informed workers of the planned redundancies this week, though a spokesman said it was too early to say which areas of the company would be affected, according to Norwegian state TV channel NRK. “We have seen further delays over the last few months… More

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US joins EU in fresh Russia sanctions

US joins EU in fresh Russia sanctions

Posted by Aaron Kerr September 12, 2014


Russian energy giants Rosneft and Gazprom have been dealt a further blow on Friday after the US followed the European Union in imposing fresh sanctions over continued instability in eastern Ukraine. Gazprom Neft, Lukoil and Surgutneftegas were also named in a new round of sanctions from the US Treasury Department, which in particular targeted Russian banks and defence firms. The US and EU had already unleashed numerous sanctions against Russian companies, entities and individuals over the annexation by Russia of… More

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Future of CNG as a transportation fuel explored in upcoming event

Future of CNG as a transportation fuel explored in upcoming event

Posted by Andrea Marston September 5, 2014


As an energy advocate, you may own a fleet or drive a company-owned vehicle. Is it fueled by CNG? NGVOK — a Natural Gas Vehicles Conference & Expo to be held in Tulsa, Oklahoma on September 23 to 24 – provides an opportunity to have candid conversations about the pros and cons of CNG as a transportation fuel. Browse the 45,0000+ square foot expo hall, filled with the latest natural gas vehicles, components, and tanks, and meet the people and companies… More

Ghana gas project ‘could start by year end’

Ghana gas project ‘could start by year end’

Posted by Aaron Kerr September 3, 2014


Ghana’s delayed project to supply gas from its offshore Jubilee oil field will start production by the end of the year, President John Mahama said on Tuesday on a visit to the site according to a report. The $850 million project was supposed to have opened in December but stalled largely because of difficulties securing the disbursement of $600 million from the Chinese Development Bank, part of a $3 billion loan agreement signed in 2011, Reuters reported. As a result,… More

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Signs of discovery at UK’s Wressle

Signs of discovery at UK’s Wressle

Posted by Aaron Kerr September 2, 2014


UK juniors Egdon Resources, Europa Oil & Gas and Union Jack Oil all saw significant share rises after signs of a potential discovery with their Wressle 1 oil exploration probe onshore England’s East Midlands. On London’s Alternative Investments Market at 1045 GMT on Tuesday, Egdon Resources stock was trading up more than 5%, Europa Oil & Gas shares were up 15% and Union Jack Oil was up 18%. The companies had estimated ahead of the drill that the Lincolnshire prospect,… More

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