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Industry Moves Archive: Nov to Dec 2006 |
| Jan - Feb |
Mar - Apr |
May - Jun |
Jul - Aug |
Sep - Oct |
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| Toshiba Completes Westinghouse Acquisition | 01/11/2006 |
Toshiba Corporation announces acquisition of BNFL USA Group Inc. and Westinghouse UK Limited (collectively Westinghouse), following completion of final arrangements with British Nuclear Fuels Limited on October 16. Westinghouse Electric Company is now a Toshiba Corporation consolidated group company.  |
| Investment in New Energy Technologies Institute | 03/11/2006 |
| Scottish and Southern Energy plc become partner in new Energy Technologies Institute, details of which have been announced by the Chancellor of the Exchequer. It will provide the Institute with up to £2.5m a year for five years. The Institute's remit is to accelerate the development of secure, reliable and cost-effective low-carbon energy technologies towards commercial deployment. |
| ExxonMobil Participate in Major European Research Initiative | 07/11/2006 |
| Exxon Mobil Corporation to participate in major European research initiative aimed at evaluating the role that Carbon Capture and Storage (CCS) technology may play in reducing greenhouse gas emissions. ExxonMobil will contribute over 1 million Euros and provide expert technical guidance to the CO2ReMoVe project, sponsored by the European Commission Directorate General for Research. |
| Oil & Gas Discoveries in Alwyn Area for Total E&P UK | 07/11/2006 |
| Total's wholly owned subsidiary, Total E&P UK PLC, makes two significant oil and gas discoveries in the Alwyn Area. The Alwyn Area is located in the UK sector of the North Sea, 160 kilometres east of the Shetland Islands and 440 kilometres northeast of Aberdeen. |
| TNK-BP Discuss Kovykta Gas Transportation Routes | 09/11/2006 |
| NK-BP holds round table meeting in Moscow on November 1, 2006, with representatives from TNK-BP, BP, RUSIA Petroleum, FRECOM, Stroitransgaz as well as international, Russian and regional non-governmental organisations. |
| Petrofac Acquire Interest in Chergui Concession in Tunisia | 13/11/2006 |
| Petrofac's Resources division agrees to acquire a 45% interest in the Chergui concession, Tunisia, for a cash consideration of approximately US$30 million. Petrofac will be operator of the concession. Petrofac has agreed to acquire the interest from Entreprise Tunisienne D'Activities Petrolieres (ETAP), the Tunisian state oil company, which holds the remaining 55% interest. |
| SNC Lavalin ProFac and Qatar Partner Form New Company | 13/11/2006 |
| SNC-Lavalin ProFac forms company with its local partner, Nasser Bin Khaled Al-Thani & Sons Holding Company W.L.L. (NBK) of Doha, Qatar to develop business opportunities in the management of facilities, real estate, projects, and industrial and infrastructure operations in Qatar. |
| Doosan Heavy Industries Agrees Acquisition of Mitsui Babcock | 13/11/2006 |
| Mitsui Babcock, the UK-based multi-specialist energy services company, says that its Parent company, Mitsui Engineering & Shipbuilding, signed agreement to sell 100% of the Mitsui Babcock business to Doosan Heavy Industries (UK) Limited, for JPY 20 billion (approx £100m). Completion of the deal is expected by January 2007. |
| Total Sells Power Generation Assets in Argentina | 13/11/2006 |
| Total signs agreements to sell its power generation interests in Argentina. Since 2001, Total has held a 63.9% interest in Central Puerto S.A., one of Argentina's leading thermal power generators with rated capacity of 2,165 MW, and a 41.3% interest in Hidroélectrica Piedra de Águila, with a 1,400 MW hydroelectric plant in Neuquén province. |
| Enterprise Week Kicks Off With £100 million of Capital Funds | 14/11/2006 |
| Biggest ever Enterprise Week, with over 2,000 events, kicked off with launch of second round of Enterprise Capital Funds - providing a further £100m of Government money to boost innovation, jobs and growth for budding entrepreneurs and existing businesses in the UK. |
| Jacobs Forms Partnership With Kovoprojekta Brno a.s. | 154/11/2006 |
| Jacobs Engineering Group Inc. signs Letter of Intent with Kovoprojekta Brno a.s. (TKB), a top-tier engineering services firm based in Brno, Czech Republic, establishing formal cooperation to jointly execute projects in Central and Eastern Europe. |
| Eni and Gazprom Sign Strategic Agreement | 15/11/2006 |
| Eni CEO Paolo Scaroni and Gazprom CEO Alexey Miller signed broad strategic agreement between Eni and Gazprom in Moscow. The agreement sets up an international alliance enabling the two companies to launch joint projects in the mid and downstream gas, in the upstream and in technological cooperation. |
| Statoil Not Negotiating On Shtokman | 16/11/2006 |
| A number of articles were published in the media on 15 November indicating that Statoil has started new negotiations associated with the Shtokman development. This is not true. |
| Saudi Aramco Opens New Office in Kuala Lumpur | 16/11/2006 |
| Saudi Aramco officially open new Aramco Overseas Company (AOC) office in Kuala Lumpur, Malaysia. The office will focus on the strategic sourcing of new companies involved in manufacturing and contracting of material for Saudi Aramco, creating significant business opportunities for Malaysia through the company's massive capital programs. |
| Saudi Aramco Opens New Shanghai Office to Boost China Ties | 16/11/2006 |
| Saudi Aramco officially open new Aramco Overseas Company (AOC) office in Shanghai, People's Republic of China. The office will focus on the strategic sourcing of new companies involved in manufacturing and contracting of material for Saudi Aramco, AOC's parent company, creating significant business opportunities for Chinese businesses through Saudi Aramco's massive capital programs. |
| WorleyParsons Awarded Project Management Services by Sipchem | 16/11/2006 |
| Saudi International Petrochemical Company (Sipchem) awarded Project Management Services Contract for its Phase III Olefins & Derivatives Complex to WorleyParsons. Work will be to undertake front-end and detailed engineering and project will be managed from WorleyParsons' offices in Houston, USA and Al-Khobar, Saudi Arabia. |
| PSN Committed To Keeping Workforce in Newfoundland | 17/11/2006 |
| Bob Keiller, CEO, and Roger Clarke, VP (Canada), officially launch Production Services Network in Canada at a news conference in St. John's, Newfoundland, headquarters for the oil and gas service contractor. Keiller supported PSN's Canadian team in its commitment to keep its nearly 300 Newfoundland and Labrador employees at work in its Canadian headquarters. |
| Hitachi and GE Create Global Alliance for Nuclear Power Business | 20/11/2006 |
| GE and Hitachi sign letter of intent to negotiate formation of global alliance. ransaction will proceed through a cross-shareholding arrangement under which Hitachi will take a 40% holding in GE's existing nuclear business and GE will take approximately 20% holding in Hitachi's existing nuclear business. |
| Licensing Green Energy Links From Offshore Renewables | 23/11/2006 |
| Harnessing the wind that whips across the sea around Britain will make a significant contribution to the UK's renewable energy targets in future years. This was the message from Lord Truscott, Parliamentary Under Secretary for Energy, as the DTI and Ofgem launched a joint consultation on the licensing regime for the transmission of power from future offshore wind farms to the electricity networks. |
| TNK-BP Comments on Russian Fuel and Energy | 23/11/2006 |
| "Capital investments into the Russian fuel and energy complex should amount to at least $20 billion a year", said Anthony Considine, Executive Vice President, Downstream, TNK-BP, in his speech at the international oil forum "Oil of Russia: Present and Future" in Moscow on Friday. "Investments of at least $20 billion a years will be required even before development of major shelf projects," he added. |
| AMEC Helps BSI Launch World's First Specification For Partnering | 23/11/2006 |
| AMEC plays significant role in development of best practice framework to improve collaborative business relationships published by the British Standards Institution (BSI) and Partnership Sourcing Limited (PSL). In devising the world's first relationship management Publicly Available Specification (PAS) 11000, Collaborative Business Relationships, BSI and PSL, called on AMEC's expertise and experience of collaborative working or 'partnering' across a wide range of industries. |
| Darling Says North Sea 'Absolutely Critical' to UK Energy Security | 24/11/2006 |
| The North Sea was, is and will be 'absolutely critical' to delivering the energy needs of the country, Trade and Industry Secretary Alistair Darling will say today. He will underline the continuing importance and vibrancy of the industry in facing the challenge of energy security as the first Secretary of State to Chair the Pilot meeting of oil and gas representatives, in Aberdeen. |
| Eni: No Plans To Bid For Technip | 24/11/2006 |
| With reference to market rumours in the French press Friday, following the request of the Italian Stock Exchange Authority, Eni states that it is not planning to launch a bid on Technip. |
| ScottishPower Board Receives Formal Offer From Iberdrola | 26/11/2006 |
| ScottishPower board receives formal offer from Iberdrola and, pursuant to its fiduciary duties, has met to consider this offer and unanimously recommends shareholders vote in favour of the offer at the shareholder meetings to be convened in due course to approve the offer. |
| E.ON UK Chief Exec Calls For Long-term Climate Change Targets | 29/11/2006 |
| Paul Golby, Chief Executive of E.ON UK, calls for the EU to set targets for carbon reduction that run beyond 2012. Dr Golby made the call when he met José Manuel Barroso, President of the European Commission, at a meeting of the Corporate Leaders Group on Climate Change in London. |
| Halma Acquires Tritech and System Technologies | 29/11/2006 |
| Halma, the safety, health and sensor technology group, announces the completion on 24 November 2006 of the acquisition of Tritech Holdings Limited ('Tritech') from R J Marsh and R K Wright for an initial cash consideration of £8.0 million. Simultaneously, Halma completed the acquisition of Swift (943) Limited (trading as 'System Technologies'), Tritech's design and product manufacturing partner, from M St E Cardew, S E St E Cardew, J P N Trepte and A G Trepte for an initial consideration of £2.0 million. |
| Gazprom and Rosneft Sign Strategic Cooperation Agreement | 29/11/2006 |
| Alexey Miller, Chairman of the Gazprom Management Committee, and Sergey Bogdanchikov, President of Rosneft, sign Agreement on strategic cooperation. Pursuant to the accords achieved, Rosneft and Gazprom will develop cooperation in hydrocarbon exploration, production, transportation and processing sectors; natural and associated gas marketing; electric & thermal power generation and marketing; oil & gas field and power equipment production; development of production capacities and industry's facilities; SHI-tch, information, ecological, social and staffing support. |
| First Gas From New Dutch Pipeline | 01/12/2006 |
| Gas will flow for the first time today through new pipeline under the North Sea which connects the UK to the Netherlands. The Bacton - Balgzand pipeline (BBL) will supply 8% of the UK's gas needs and is the third new piece of infrastructure to come on stream this winter. It will increase energy security and add a further downward pressure on energy prices. |
| Nexen Buzzard Oil Field to Come Onstream | 06/12/2006 |
| Nexen Inc.'s Buzzard oil field in the UK North Sea expected to come online later this month. In October, the partners in Buzzard said they expected commercial oil flows to begin in November, but they later pushed back the date to the end of the year. |
| Petroleum Revenue Tax Exemptions For Restarting Decommissioned Fields In North Sea | 08/12/2006 |
| Treasury announces that North Sea fields which are redeveloped following decommissioning will be exempt from petroleum revenue tax (PRT). UK Government also creates joint working group with industry to examine fiscal implications on the current North Sea regime in relation to changed and dual use of infrastructure in carbon capture and storage. |
| E.ON UK Submits Planning Application For New Coal-fired Units | 11/12/2006 |
| Aberdeen and Highland based oil services company, Global Resources, acquires specialist QHSE consultancy Banford Associates of Inverurie, Aberdeenshire for an undisclosed sum. This is the company's second acquisition in as many weeks, following the purchase of a majority shareholding in Isleburn, a major UK fabricator and engineering contractor. |
| Santos To Divest Its United States Interests | 14/12/2006 |
| Santos announces its intention to rebalance its exploration and production portfolio by divesting all of its interests in the United States, and continuing to refocus its exploration activities into Australia, Asia and the Middle East. |
| 3i Enhances Presence In Gas And Power Market | 14/12/2006 |
| 3i, Europe's private equity and venture capital company, enhances its presence in the gas and power market by investing €30m for a minority stake in Electrawinds, Belgium's independent renewable energy company. |
| Chevron Welcomes Gorgon Environmental Appeal Decision | 14/12/2006 |
| Chevron Corporation confirmes that Western Australia's environment minister has cleared the way for environmental approval to be granted to the Gorgon project subject to conditions. The minister has upheld the Gorgon proponents' appeal of the Western Australia Environmental Protection Authority's June 2006 advisory bulletin that recommended against the Gorgon project's Environment Impact Statement and Environmental Review and Management Plan. |
| Hydro and Partners Submit PDO of Vega and Vega South Fields | 18/12/2006 |
| Operator Hydro and its partners submitt Plan for development and operation (PDO) of Vega and Vega South fields to the Norwegian Ministry of Oil & Energy. "This plan is an important part of our effort to further develop Hydro's activities in this part of the North Sea, where the company already has production from the Troll, Fram and Fram East fields," says Hydro director Lars Christian Alsvik. |
| Shah Deniz On Stream | 18/12/2006 |
| The Shah Deniz development in Azerbaijan's sector of the Caspian has become one of the world's largest producing gas fields. With a 25.5% working interest, Statoil is responsible for selling output from this BP-operated discovery as operator for the Azerbaijan Gas Supply Company. |
| Eni: No Involvement in Pipeline Linking Turkey to Israel | 18/12/2006 |
| With reference to the news regarding Eni's involvement in the realization of a pipeline linking Turkey to Israel, Eni clarifies that it has never held talks - nor is it planning - to begin construction of pipelines carrying oil, natural gas and water from Turkey's port of Ceyhan to any destination in the Mediterranean Sea, including Israel. |
| Hydro and Statoil Merge Oil and Gas Activities | 18/12/2006 |
| Board of Directors of Hydro and Statoil agree to recommend to their shareholders a merger of Hydro's oil and gas activities with Statoil, creating the worlds largest offshore operator with a strengthened platform for future growth. The new company will have a combined production of 1.9 million barrels per day in 2007 and proven oil and gas reserves of 6.3 billion barrels of oil equivalents. Hydro will continue as a leading, focused global aluminium company. |
| Petrofac Investment in UK North Sea Interest | 18/12/2006 |
| Petrofac's Resources division acquires 60% interest in part of Block 211/18a in UK North Sea containing the Don Southwest discovery. Petrofac approved as licence operator of the interest. Petrofac acquired the interest from BP and ConocoPhillips alongside Don Development Company Limited, a subsidiary of Valiant Petroleum, which has acquired the remaining 40% interest. |
| UK Government Go-ahead For Two Major Offshore Wind Farms | 19/12/2006 |
| UK Government gives go-ahead for two major offshore wind farms to be built in the Thames Estuary. The London Array and Thanet schemes together total 1.3GW of green electricity, enough to power a third of London's three million households when fully operational. They will make a significant contribution to the Government's ambition - set out in the Energy Review - to deliver a five-fold increase in the UK's renewable energy resource by 2020. |
| Statoil: Libya Office Officially Opened | 19/12/2006 |
| Statoil's Libyan office inaugurated on 11 December in the country's capital, Tripoli. It was opened by Norway's petroleum and energy minister, Odd Roger Enoksen. The office was established by Statoil in 2005, the same year in which the group was allocated operatorship for two onshore licences. |
| West of Shetland Task Force Forge Ahead Into New Year | 29/12/2006 |
| The joint Government / Industry Task Force, established to determine whether there is a collective solution to the development of the resource base to the West of Shetland, is on track to generate options in the New Year. |
| Gazprom, Shell, Mitsui, Mitsubishi Sign Sakhalin II Protocol | 29/12/2006 |
| OAO Gazprom (Gazprom), Royal Dutch Shell plc (Shell), Mitsui & Co., Ltd (Mitsui) and Mitsubishi Corporation (Mitsubishi) signed protocol to bring Gazprom into the Sakhalin Energy Investment Company Ltd. (SEIC) as a leading shareholder. Under the terms of the protocol, Gazprom will acquire a 50% stake plus one share in SEIC for a total cash purchase price of $7.45 billion. |
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