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Volga-Dnepr's IL-76TD-90VD aircraft ‘parachutes’ cargo to remote Antarctic airfield + + +
Volga-Dnepr Airlines has completed its first-ever ‘air drop’ by parachuting 208 barrels of fuel from an IL-76TD-90VD freighter onto a remote airfield in the Antarctic. More:

World Energy Focus Annual 2015
Energy For All


Nov. 21, 2015   + + +  The World Energy Council presents the annual issue of their magazine World Energy Focus. This year’s annual publication is divided into four sections: Climate, Markets, Africa and the 2016 World Energy Congress featuring interviews and articles from CEO’s, energy ministers and leaders from across the world along with contributions from the Council itself. 
Click here to register for the FREE Download of the World Energy Annual Focus from the WEC-Website ... and/or for the FREE World Energy Focus monthly eNewsletter  ... Read more



UK energy policy to cut coal, boost gas


Nov. 18, 2015   + + +   The UK, in a major policy shift, will boost the use of natural gas and nuclear energy, end the use of coal within 10 years, and limit subsidization of renewable energy. Speaking Nov. 18 at the Institution of Civil Engineers in London, Amber Rudd, secretary of state for energy and climate change, declared, “Energy security has to be the number-one priority.” ... Read more


Sulzer Appoints Greg Poux-Guillaume as New CEO


Nov. 18, 2015   + + +   The Board of Directors of Sulzer has appointed Greg Poux-Guillaume, until now President and CEO of Alstom Grid, a world leader in power transmission, as Sulzer’s new Chief Executive Officer, effective December 1, 2015. Frenchman Greg Poux-Guillaume, 45 years old, was also a member of Alstom’s Executive Committee. He has extensive global experience in many of Sulzer’s key markets—particularly the oil and gas and power markets—and a strong track record of leading restructurings and building global businesses. ... Read more


Making the case for an all-subsea development
by David Paganie • Houston


Oct. 2015   + + + Statoil and its partners are moving the industry one step closer to an all-subsea field development solution. Last month, following a lengthy qualification and testing period, the industry's first subsea gas compression facility became operational in the Norwegian Sea. It also marks a milestone in Statoil's quest to qualify and prove all of the elements of a full-scale "Subsea Factory." ... read more


Complete Europe’s gas infrastructure first,
Eurogas chief recommends


Oct. 23, 2015  + + +  Europe should concentrate more on completing its natural gas systems and less on trying to reduce demand or building more LNG import terminals, suggested the president of Eurogas, a 44-member organization based in Brussels that represents Europe’s gas wholesale, retail, and distribution sectors. “When Europe believes it has a problem with dominance of a certain supplier—and that usually means Russia—the solution should not be lower imports but more suppliers to encourage competition. That’s the healthy approach,” said Gertjan Lankhorst ... read more  


Aker Solutions and MAN Diesel & Turbo
Form Subsea Compression Alliance


Photo: Aker Solutions Subsea Image

Oct. 16, 2015   + + +  Aker Solutions and MAN Diesel & Turbo agreed to form an alliance to develop the next generation in subsea compression systems that can be used at even the smallest oil and gas fields to increase recovery and lower costs compared with conventional platform solutions. The two companies will build on their experience and cooperation from the successful delivery of the world's first full-scale subsea gas compression system at the Åsgard field in Norway. A key objective of the partnership is to develop new, cost-effective technology for high-capacity subsea compression systems ... more.



DEA accelerates its growth strategy . . .  Acquisition of
E.ON’s Norwegian assets


Oct. 14, 2015   + + +   DEA Deutsche Erdoel AG acquires 100% of the shares of E.ON’s Norwegian oil and gas business to create an enlarged Norwegian portfolio more than doubling its current production in Norway to 75,000 barrels of oil equivalent per day (boe/d). This acquisition also provides access to promising growth options through material development and exploration. The value of the transaction is US$1.6 billion, including US$100 million of cash on the balance sheet as at the effective date of January 1st 2015.
Read more from DEA
Read more from E.ON



BASF/Wintershall and Gazprom celebrate 25-year partnership


Oct. 12, 2015   + + +  BASF/Wintershall and Gazprom have already been cooperating successfully for a quarter of a century. The two companies laid the foundations for their cooperation in autumn 1990 with a long-term agreement to market Russian natural gas in Germany. Just recently they decided to extend their cooperation at the source and to expand the joint natural gas production in Siberia. Additionally, together with other partners, the companies are also planning the extension of the Nord Stream Baltic Sea pipeline  ... more.



J D NEUHAUS offers proven performance based on
270 years of experience


Sept. 09, 2015 marks 270 years of manufacturing for the German based hoist and crane manufacturer J D Neuhaus, and after seven generations, the company is still managed by a descendant of the original owner. Load handling equipment supplied by J D Neuhaus is now utilised throughout the world, from small engineering workshops up to large organisations and including some of the heaviest and most demanding handling operations, even under extreme operating conditions. Their world market leader status is backed-up with a service and supply organisation established in more than 90 countries together with over 70 branches ... more



MOL GROUP succesfully completed its first acquisition
in Norway


July 09, 2015 + + + MOL Group today announced the successful completion of a deal to acquire 100% ownership of Ithaca Petroleum Norge (IPN) from Ithaca Petroleum Ltd. The deal doubles the size of MOL Group’s exploration portfolio, adding 600 million barrels of net un-risked best estimate prospective reserves. Entry into the Norwegian market also takes the company a step closer towards becoming an offshore operator in the North Sea ... more



Voith Opens New Power, Oil & Gas Division Headquarters
in Houston

June 23, 2015   + + +  Voith Turbo, a specialist for intelligent drive systems and solutions in the oil and gas sector, announced the opening of the company’s new Houston, Texas headquarters for the Power, Oil & Gas Division for the region Americas. Located in the heart of Houston’s Energy Corridor, the new office furthers Voith Turbo’s commitment to expanding its presence and supporting its oil and gas customers ... more



E.ON’s new setup
E.ON moves forward with transformation: Key organizational  and personnel decisions made

April 28, 2015   + + +   E.ON aims to be customers’ partner of choice for innovative energy solutions. To achieve this aim, it will focus on three core businesses: renewables, energy networks, and customer solutions. The interplay between these businesses will enable E.ON to package solutions for the new energy world, such as sustainable offerings for cities and custom-tailored products and services for industrial customers
+ + + UNIPER ... the new company ... whose core businesses are conventional power generation, energy trading, and exploration and production (E&P), will begin operations at the start of 2016 ... more



EU investigation Gazprom comes at the wrong time
(Article by Friedbert Pflüger in EnergyPost)


April 24, 2015   + + +  The timing of the EU’s investigation of Gazprom further exacerbates tensions with Russia, notes Friedbert Pflüger, Director of the European Centre for Energy and Resource Security (EUCERS), King’s College London. Pflüger warns that if the EU and Russia continue to be on a collision course, both sides will lose. The decision of Ms. Margrethe Verstager, EU Commissioner for Competition, to open an investigation against Gazprom for abuse of its market position in Eastern Europe threatens to exacerbate tensions between the EU and Russia. With Russia having signalled that it is open to addressing the issues, is it wise now of all times to add gas to the fire? ... more



Recommended Cash and Share Offer
for BG Group plc by Royal Dutch Shell plc


On 8 April 2015 the Boards of Royal Dutch Shell plc and BG Group plc are pleased to announce that they have reached agreement on the terms of a recommended cash and share offer to be made by Royal Dutch Shell plc for the entire issued and to be issued share capital of BG Group plc  ... For more information see announcements by Shell and BG Group:

> or background information by Oil & Gas Journal



Voith Turbo:  Cornelius Weitzmann to become new Managing Director of the Power, Oil & Gas Division


March 30, 2015   + + +  Cornelius Weitzmann is to be appointed as Managing Director of the Power, Oil & Gas business division at Voith Turbo GmbH & Co. KG., effective April 1, 2015. He will be taking over from Matthias Grawe, who is leaving the company on March 31, 2015  + + +   "The oil and gas business is one of our most important growth industries," says Carsten Reinhardt, Chairman of the Management Board at Voith Turbo. "With his comprehensive strategic experience, Cornelius Weitzmann is well-positioned to continue to strengthen our international success and develop new fields of business."  ... more



Mario Mehren to head BASF subsidiary Wintershall


March 27, 2015   + + +  Mario Mehren, currently a member of the Board of Executive Directors of Wintershall responsible for Exploration & Production Russia, North Africa and South America, has been named President of BASF’s Oil & Gas division effective July 1, 2015, and in this function will be head of BASF’s subsidiary Wintershall. He succeeds Dr. Rainer Seele, who has been named CEO of OMV Aktiengesellschaft, Vienna, Austria, effective July 1, 2015. Seele has been head of Wintershall since 2009  ...  more



Rainer Seele appointed new CEO of OMV


March 27, 2015   + + +   In today’s meeting, the Supervisory Board of OMV Aktiengesellschaft appointed Rainer Seele (54) as the new Chairman of the Executive Board and CEO of OMV. Rainer Seele has accepted the appointment. The current Chairman of the Executive Board and CEO Gerhard Roiss will resign from his position on June 30, 2015 as previously announced. Supervisory Board Chairman Rudolf Kemler on the resolution: "Today´s appointment of Rainer Seele is a critical milestone which will ensure stability to OMV’s management structure  ...  more



USA official Partner Country of HANNOVER MESSE 2016


March 24, 2015 + + + The United States has been designated the official Partner Country of HANNOVER MESSE 2016. This was officially confirmed by the White House on the evening of the 23 March in Washington. For many years, HANNOVER MESSE has been fostering deeper ties with U.S. industry, staging business summits and inviting American delegations to Hannover to promote Transatlantic trade relations. HANNOVER MESSE, the world’s leading trade fair for industrial technology, will run 13–17 April 2015 and from 25 to 29 April in 2016 ... more



BASF: Smart energy for a sustainable future


March 9, 2015    + + +    The first of three science symposia being held by BASF in the year of its 150th anniversary will be held today and tomorrow in Ludwigshafen. About 40 speakers will be discussing innovative options for the storage and sustainable use of energy and explaining approaches to energy-efficient chemical production. Other topics include viable future mobility, new materials for energy technologies and future energy supply. The symposium is part of the worldwide Creator Space™ program in BASF’s anniversary year ... more



DEA Deutsche Erdoel AG
German upstream company turns into platform for growth
Lord Browne appointed head of DEA’s supervisory board


March 03, 2015   + + +   After the acquisition by LetterOne, the Hamburg based upstream company RWE Dea has a new owner, a new supervisory board and gets a new name. LetterOne is a privately owned Luxembourg-based global investment vehicle focused on utilizing its financial resources, management and investment expertise. At the first general meeting of shareholders a new supervisory board was appointed ... more



Bomin Linde LNG and Klaipedos Nafta
to jointly develop LNG fuel market


Feb. 19, 2015   + + +   Klaipedos Nafta, operator of the first full scale LNG terminal in the Baltic Sea region, and Bomin Linde LNG, Germany-based provider of liquefied natural gas (LNG) as marine fuel, have signed a Memorandum of Understanding (MoU). In close cooperation both companies aim to jointly develop the LNG fuel market including the necessary infrastructure in Baltic Sea ... more



Partners submit Johan Sverdrup development plan


Feb. 13, 2015  + + +  Partners Statoil ASA, Lundin Petroleum AB, Petoro, Det Norske Oljeselskap ASA, and Maersk Oil have submitted a plan for development and operation (PDO) for Phase 1 of Johan Sverdrup field to the Norwegian Ministry of Petroleum and Energy. The oil field—which lies on the Utsira High in the North Sea, 155 km west of Stavanger—will be developed in several phases ... more



E.ON Global Commodities
signs complete package to export U.S. LNG


Feb. 12, 2015   + + +   EGC NA today announced the conclusion of a 20-year precedent agreement as a foundation shipper with Gulf South Pipeline Company, LP (Gulf South) for the shipment of natural gas on the to-be-built Coastal Bend Header Project. EGC NA will be responsible for the 20-year supply of feed gas to be purchased free-on-board by EGC as LNG ... more



RPI-Research: Outlook for Import Substitution
of Oilfield Services Equipment in Russia ... No Easy Way Out


2015-Feb-04  + + +  »   Which types of Western equipment are currently the most critical for the Russian oil and gas industry?  »   Which Russian manufacturers have the ability to scale up their footprint in these niches, and which Asian companies will they have to compete with?  »   What challenges and opportunities are related to the import substitution of Western equipment in the short and medium terms? ... more



Deloitte studies oil supply growth for 2015-16
Paula Dittrick, Oil & Gas Journal


2015-Feb-04  + + +  A Deloitte MarketPoint analysis suggested large-field projects, each producing more than 25,000 b/d, could bring on 1.835 million b/d in oil supply this year of which 635,000 b/d would be from members of the Organization of Petroleum Exporting Countries and the rest from non-OPEC productions ... more



Norway offers 54 licenses in APA 2014,
announces licensing round

(By OGJ editors)


2015, Jan. 22   + + +  Statoil ASA, Lundin Petroleum AB, and E.On E&P Norge AS headlined Norway’s Awards in Predefined Areas 2014 (APA 2014) licensing round for the North, Norwegian, and Barents seas. Norway offered ownership interests in 54 production licenses (PL) to 43 companies out of a record 47 that applied. Thirty-four of the PLs encompass the North Sea, 16 the Norwegian Sea, and 4 the Barents Sea ... more



Ernst & Young:
Oil-price collapse to boost global M&A activity in 2015


2014, Jan. 22   + + +  The oil-price collapse will facilitate increased global transaction activity in 2015 as companies revise and implement new strategies, according to a quarterly report on the industry published by Ernst & Young ... more



Worldwide Pipeline Construction
Oil & Gas Journal’s Forecast & Review

Webcast January 30, 2015

The Forecast & Review/Worldwide Pipeline Construction 2015 Webcast will address Oil & Gas Journal’s outlooks for the oil market and pipeline construction in a year of turbulence. Based on two annual special reports, the webcast will be presented by OGJ Editor Bob Tippee and OGJ Managing Editor-Technology Chris Smith, January 30, 2015  ... more



Divestment of RWE Dea for an Enterprise Value of € 5 billion


January 16, 2015   + + +   RWE AG and LetterOne Group have agreed to complete the sale of RWE Dea in its entirety by early March 2015, at the latest. An enterprise value of ca. € 5 billion based on current exchange rates has been agreed. The adjustment to the value communicated in March 2014 reflects developments relating to certain exploration and production licenses ... more

ExxonMobil’s Outlook for Energy
Sees Global Increase in Future Demand


Dec 09, 2014    + + +    Significant growth in the global middle class, expansion of emerging economies and an additional
2 billion people in the world will contribute to a 35 percent increase in energy demand by 2040, according to a new report released today by ExxonMobil ... more


PSI Awarded Contract from the OAO Gazprom
for Gas Transport in the Northwest Region of Russia


2014, Dec 08  + + +   PSI has been contracted by the system integrator OAO Gazprom avtomatizatsiya with the delivery of the software for a total of 12 control systems and control system expansions for dispatching centres and compressor stations in the north-western region of Russia ... more


Siemens: Vision 2020
We make real what matters


"Vision 2020. We make real what matters" – this is the lead theme of the 2014 Siemens Annual Report. The report explains Siemens positioning along the electrification value chain and provides a comprehensive overview of the Company's main topics ... more


After scuttling South Stream,
Russia plans line to Turkey instead


Dec. 02, 2014    + + +  Russia has decided against the construction of the 930-km South Stream natural gas pipeline across the Black Sea from Russia to Bulgaria, citing delays on the part of the European Union in taking the steps necessary to move forward. Press reports have OAO Gazprom Chief Executive Alexei Miller as confirming the decision originally announced by Russian President Vladimir Putin. Miller and Mehmet Konuk, chairman of Botas Petroleum Pipeline Corp., signed a memorandum of understanding Dec. 1 on instead building an offshore gas pipeline from the Russkaya compressor station (also South Stream’s starting point) under construction in the Krasnodar Territory across the Black Sea to Turkey.


Transaction completed between Wintershall and Statoil


Dec. 01, 2014   + + +  BASF Group company Wintershall is continuing its growth course in Norway. By acquiring shares in the production fields Gjøa (5%) and Vega (24.5%), Wintershall is increasing its production in Norway from about 40,000 barrels of oil equivalent (boe) to about 60,000 boe per day. In addition, Wintershall is taking over shares in the Aasta Hansteen development project (24%), the Asterix discovery (19%), the Polarled pipeline project (13.2%) and in four exploration licences near Aasta Hansteen ...


E.ON: New corporate strategy


Nov. 30, 2014    + + +   E.ON to focus on renewables, distribution networks, and customer solutions and to spin off the majority of a new, publicly listed company specializing in power generation, global energy trading, and exploration and production ... E.ON will focus on renewables, distribution networks, and customer solutions and combine its conventional generation, global energy trading, and exploration and production businesses in a new, independent company (“New Company”), a majority of which will be spun off to E.ON SE shareholders. This new organizational setup is the logical consequence of the new strategy that the E.ON SE Supervisory Board decided on at its meeting today ...



Accenture and SAP
offer new upstream operations management solution


Nov. 06, 2014 + + + Accenture and SAP SE are offering a new version of the SAP Upstream Operations Management application, which enables oil and gas companies to improve the accuracy of production data and identify production-optimization opportunities. As part of the expanding portfolio of solutions and services of Upstream Productions Operations by Accenture and SAP announced earlier this year, SAP Upstream Operations Management was co-developed to address these industry needs by the Accenture and SAP Business Solutions Group and is delivered by SAP  ....


Siemens announces agreement to acquire Dresser-Rand

Sept. 22, 2014 + + + Siemens executes on its Vision 2020 with a decisive move to strengthen its core. The company has entered into an agreement with Dresser-Rand, which is listed on the New York Stock Exchange, to acquire all of the issued and outstanding common shares of Dresser-Rand by way of a friendly takeover bid. Siemens' bid is unanimously supported by Dresser-Rand's Board of Directors. The offer price is $83 per common share in cash, or a total transaction value of approximately $7.6 billion ...

GE presents industrial internet solutions
for the oil and gas industry

Sept 16, 2014   + + +  The world is entering a new era of innovation known as Industrial Internet. Its essence is to connect brilliant machines with people at work to use data analytics to find new ways to address major global challenges of the industry. The Industrial Internet will unleash a productivity revolution the moment that the convergence of information allows operators to predict and prevent problems, eliminate downtime, waste and guesswork and improve performance for a stronger, faster, cleaner and safer world ....

Scenarios for Development of Russian Oil and Gas Production in the Mid-Term Amid New Economic and Geopolitical Realities

September 2014  + + +  This study examines a number of possible scenarios pertaining to the dynamics of hydrocarbon production in Russia until 2020, taking into account the existing and potential risks. Special attention is devoted to relations between Russia and the European Union due to the Ukraine crisis, economic relations between Russia and the Asia-Pacific Region, prospects for building pipelines westward and eastward from Russia, escalation of conflicts in the Middle East, as well as other factors having a direct or indirect influence on the country’s energy market. For details please visit: 

Panalpina establishes Energy Solutions
to serve world’s biggest logistics demands


Sept 5, 2014 + + + Panalpina has merged its Panprojects and Oil & Gas activities to create Panalpina Energy Solutions, a specialised service that designs tailor-made transport solutions for the world’s most ambitious energy projects. Panalpina veteran Hans Toggweiler heads the new entity. Panalpina’s latest move to improve has seen it merge two of its most distinctive activities to create a new specialised service for the energy sector. Panalpina Energy Solutions gives customers access to a global force of skilled professionals with the knowledge, experience and resources at their disposal to deliver on the most demanding logistics needs ...

Lisa Davis – new female executive at Siemens
Chief Executive Officer of the Siemens Energy Sector

On August 1, 2014, Lisa Davis began her work as a member of the Managing Board of Siemens AG. The native-born American will be responsible for the Power and Gas Division, the Wind Power and Renewables Division, the Power Generation Services Division, as well as the Region North America and the Region South America. Find her résumé here

» More 2014 News




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