oil and gas asset News
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DNV Software targets mass market for RAM analysis with launch of Maros Lite
DNV Software is pleased to announce the release of the new RAM analysis product Maros Lite. Maros Lite now brings RAM analysis to a much wider market, empowering users to attain best return on investment with fast, informed and effective decisions on the performance of a single unit process industry asset. Asset owners are increasingly seeking more effective methods for management of their ...
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GE Unit Arranges Senior Debt Facility Secured by Texas, Louisiana Reserves
GE Energy Financial Services, a unit of GE (NYSE: GE), has closed a $200 million senior secured credit facility subject to a $135 million initial borrowing base for SND Consolidated Energy LLC to refinance debt and fund oil and gas field development in East Texas and Louisiana. GE Energy Financial Services -- through GE Capital Corp. and GE Capital Markets, Inc. -- served as administrative ...
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SunPower Announces New Board Members
SunPower Corp. (NASDAQ: SPWRA, SPWRB) today announced the appointment of six new board members following completion of Total's (CAC: TOTF.PA) all cash tender offer on SunPower, expanding its board of directors to 11. Today's announcement follows antitrust clearance without conditions by the European Commission regarding Total's all cash tender offer. Following are the six Total executives who ...
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Chris Huhne speech to UK energy summit
Introduction This is the first coalition in sixty five years. The last coalition won a world war. This one must tame our biggest ever peacetime deficit. Coalitions can provide strong and decisive government because of their broad support. Indeed, seven of the ten biggest fiscal consolidations in the developed world since 1970 were under coalitions. But it is not just a question of recovery ...
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Russia and Japan plight to make Energy Relations and Trade Strong
Taro Aso, Japanese foreign minister and Viktor Khristenko, Russian energy minister, acceded that their countries will loosen the trade boundaries to encompass sectors like fishery and agricultural products, energy, IT and transportation. The two ministers talked about two oil and gas projects in Sakhalin Island in Russia and an oil pipeline project in East Siberia, informed a foreign ...
By RNCOS
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Exploring the business opportunities in the renewable energy sector
“We have learned from the industry that there are many potential role players for the renewable sector yet without a clear strategy they are certain to fail.” So says Daniel Swanepoel, lead facilitator of the upcoming course in Business Strategies for Renewable Energies that is taking place from 29-30 October in Johannesburg. The course, presented by the Spintelligent Training ...
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PGI Energy Signs Allocation Oil Agreement With Intertorco Europe S.A./Saudi Aramco
PGI Energy, Inc. (PINKSHEETS: PGIE) PGI Energy has entered into an allocation agreement with its limited joint venture partner Intertorco Europe S.A. as the exclusive trading desk for six million (6,000,000) Bbl per month for twelve (12) months with option for 60 months extensions to sale Saudi Light Crude Oil from Saudi Aramco. PGI will begin trading this crude immediately at favorable pricing ...
By Saudi Aramco
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Speech at the Europe-Canada Energy Summit
I want to start by extending a warm welcome to all our visitors from Canada especially my Ministerial colleague, Bob Hamilton. UK-Canada Relationship There exists an enduring partnership between our countries. Our common history, tradition of parliamentary democracy, shared values, and partnership on global issues bind us together. Energy challenge Our partnership will be key to both ...
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GE Breaks Ground on World-Class Inspection Technologies Customer Applications Center and Training Academy at Lewistown, Pa. Facility
Positioning itself to meet the growing demand for industrial and infrastructure inspection technology solutions worldwide, GE (NYSE: GE) today announced it is investing more than $10 million to expand its Inspection Technologies headquarters site in Lewistown, Pa. Key features of the expansion project include a new global customer applications center as well as ...
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