Category Archives: Energy, Gas & Oil

Energy, Gas & Oil Press Releases & News distributed via EuropaWire

Wärtsilä launched Aframax tanker design at the Posidonia 2014 exhibition in Athens

Athens, Greece, 03-6-2014 — /EuropaWire/ — A new, highly efficient, Aframax tanker design offering practical and viable solutions that meet current and forthcoming emissions legislation is today launched by Wärtsilä at the Posidonia 2014 exhibition in Athens, Greece. Wärtsilä will also be … Read the full press release

Wärtsilä divests its 50% share in Wärtsilä TMH Diesel Engine Company LLC to joint venture partner Transmashholding

Helsinki, Finland, 03-6-2014 — /EuropaWire/ — Wärtsilä and Transmashholding have agreed that Wärtsilä will sell its 50 per cent share in the joint venture Wärtsilä TMH Diesel Engine Company LLC to Transmashholding, the other joint venture party. The divestment of the joint … Read the full press release

IBERDROLA takes part in $12M round of investment in US robotic technology developer for renewable generation facilities, QBotix

This company develops robot technology to reduce the costs involved in developing and operating renewable generation facilities This transaction was carried out under its corporate risk capital scheme, Perseo, which was set up in 2008 and allocated over €70 million … Read the full press release

Terna appointed Matteo Del Fante as CEO and General Director

Rome, 30-5-2014 — /EuropaWire/ — At today’s (27/05/2014) meeting in Rome, for the first time under the chairmanship of Catia Bastioli, the new Board of Directors of TERNA S.p.A. was elected at today’s Shareholders’ General Meeting. The Board unanimously appointed Matteo Del … Read the full press release

Seadrill reports US$3,094 million net income on its First Quarter 2014 Results

Hamilton, Bermuda, 30-5-2014 — /EuropaWire/ — Seadrill reports US$3,094 million net income on its First Quarter 2014 Results Highlights From the effect of January 2, 2014, the financial results of Seadrill Partners LLC has been deconsolidated from the financial results of Seadrill. … Read the full press release

Natixis to provide long-term project financing for the design, construction, and operation of the Gemini offshore wind project in the Netherlands

PARIS, 28-5-2014 — /EuropaWire/ — Natixis will provide long-term project financing for the design, construction, and operation of the Gemini offshore wind project in the Netherlands, the largest ever project financed transaction to close in the offshore wind sector. Project Gemini … Read the full press release

Total and Lukoil to explore and develop the tight oil potential of the Bazhenov play in Western Siberia

Paris, 27-5-2014 — /EuropaWire/ — Total signed today an agreement with Lukoil creating a joint venture (JV) to explore and develop the tight oil potential of the Bazhenov play in Western Siberia. Total will hold 49% of the JV and Lukoil … Read the full press release

E.ON honored with “European Cleantech Corporation of the Year” award at the 10th European Cleantech Forum in Stockholm

Düsseldorf, Germany, 27-5-2014 — /EuropaWire/ — E.ON received the “European Cleantech Corporation of the Year” award yesterday at the 10th European Cleantech Forum in Stockholm (Sweden), organized by Cleantech Group, developer of the i3 market intelligence platform. Every year, one company … Read the full press release

Enel SpA appointed Francesco Starace to serve as Chief Executive Officer and General Manager of the Company

Rome, 26-5-2014 — /EuropaWire/ — The Board of Directors of Enel SpA, elected by the Shareholders’ Meeting on May 22nd, met today for the first time in Rome under the chairmanship of Patrizia Grieco. The Board appointed Francesco Starace to serve … Read the full press release

Enel Ordinary and Extraordinary Shareholders’ Meeting approved 2013 financial statements and appointed new board of directors

Financial statements as of December 31st, 2013 approved; dividend of 0.13 euro per share resolved New Board of Directors appointed for 2014-2016 term Rome, 26-5-2014 — /EuropaWire/ — The Ordinary and Extraordinary Shareholders’ Meeting of Enel S.p.A. met today in Rome under … Read the full press release

GDF SUEZ strengthens its balance sheet with second €2 billion hybrid bond issue

PARIS, 26-5-2014 — /EuropaWire/ — GDF SUEZ today issued a second hybrid bond issue following its hybrid issue of July 2013, for an amount of €2 billion, taking advantage of exceptional market conditions for this type of financing. The Group was … Read the full press release

Royal Dutch Shell plc sells its 100 percent interest in approximately 106,000 net acres in Dimmit, LaSalle, and Webb Counties, Texas to Sanchez Energy Corporation

The Hague, Netherlands, 23-5-2014 — /EuropaWire/ — Royal Dutch Shell plc (“Shell”) announced today it has agreed to sell its 100 percent working interest in approximately 106,000 net acres in Dimmit, LaSalle, and Webb Counties, Texas to Sanchez Energy Corporation for … Read the full press release

Royal Dutch Shell plc cancels its Scrip Dividend Programme with effect from the second quarter 2014 Interim Dividend onwards

The Hague, Netherlands, 23-5-2014 — /EuropaWire/ — Royal Dutch Shell plc (“Shell”) announces the cancellation of its Scrip Dividend Programme (“the Programme”) with effect from the second quarter 2014 Interim Dividend onwards. The cancellation means that the second quarter 2014 Interim Dividend … Read the full press release

Eni announced it successfully appraised the Agulha discovery located in Area 4 offshore Mozambique

The Agulha 2 well, which is the twelfth well successfully drilled in Area 4, proved about 25 meters of gas column in good quality Paleocene reservoir sandstones and confirmed the southern extension of the field. San Donato Milanese, Milan, 23-5-2014 — /EuropaWire/ … Read the full press release

Gazprom CEO Alexey Miller and Eni CEO Claudio Descalzi signed agreement to revise the terms of gas supply contracts

The agreement involves a reduction in supply prices and an important change in the price indexation to fully align it with the market. In addition, in 2014 Eni’s ability to recover gas pre-paid under “take or pay” clauses will be … Read the full press release

Repsol finaliza la venta de sus activos en Argentina por 6.309 millones de dólares

MADRID, 23-5-2014 — /EuropaWire/ — Repsol ha finalizado el proceso de desinversión de sus activos en Argentina con la venta a JP Morgan Securities de los títulos BODEN 2015 que aún mantenía, por valor nominal de 117,36 millones de dólares, y … Read the full press release

Rolls-Royce to modernise Fortum’s Loviisa Nuclear Power Plant automation

Helsinki, Finland, 21-5-2014 — /EuropaWire/ — Fortum has signed an agreement with Rolls-Royce about the modernisation of automation at its Loviisa nuclear power plant in Finland. The parties have agreed not to disclose the value of the agreement. The modernisation will be carried … Read the full press release

Fortum and Areva-Siemens Consortium agreed to discontinue the current automation modernisation project agreement at Loviisa nuclear power plant in Finland

Helsinki, Finland, 21-5-2014 — /EuropaWire/ — Fortum and Areva-Siemens Consortium have agreed on discontinuation of the current automation modernisation project agreement. Areva-Siemens Consortium will complete the ongoing agreed and resized work in cooperation with Fortum. Fortum is convinced that a new solution to continue the … Read the full press release

Gazprom to supply 38 billion cubic meters of Russian gas annually to China

Moscow, Russia,  21-5-2014 — /EuropaWire/ — Alexey Miller, Chairman of the Company’s Management Committee and Zhou Jiping, Chairman of China National Petroleum Corporation (CNPC) signed today a contract to supply pipeline gas from Russia to China via the eastern route. The parties signed the document in the presence of Russian President … Read the full press release

MYTILINEOS Group announced net profit up 36.5% in their financial results for the 1st Quarter of 2014

Maroussi, Greece, 21-5-2014 — /EuropaWire/ — 2014-Q1 Highlights: Operational profitability (EBITDA) up 28%. Net profit up 36.5%. Generation of strong cash flows and improvement of the Group’s credit profile. Net borrowing further reduced to €436.9 million, down from €509.7 million in 2013 and … Read the full press release