The 6th string of the Ukhta – Torzhok trunk gas pipeline is being constructed with the purpose of productivity increase of the trunk pipelines system Ukhta – Torzhok during transportation of gas from the Bovanenkovo field. The employer is OJSC “Yamalgazinvest”.
Iceland is considering building the world's longest sub-sea electric cable to allow it to sell its geothermal and volcanic energy to Europe, the country's largest energy company said.
The Federal Antimonopoly Service (FAS Russia) found that “Chernomortransneft” OJSC and members of the same group of persons – “Transneft - Terminal” Ltd. and “Transneft -Service” CJSC - violated Part 1 Article 10 of the Federal Law “On Protection of Competition”.
Alexander Medvedev, Deputy Chairman of the Management Committee of OAO Gazprom, and Dr. Hans-Ulrich Engel, Board member of BASF, responsible for the Oil & Gas Division, signed in St. Petersburg a Memorandum which foresees possible development on a parity basis of two additional sites of the Achimov deposits of the Urengoy field. The document also stipulates Gazprom will receive equivalent stakes in the Wintershall’s exploration and production projects in the North Sea.
Exxon Mobil CorporationNaN (NYSE:XOM) continued to deliver industry-leading results in 2010 through an integrated and disciplined business approach, and remains well-positioned to meet growing long-term global energy and petrochemical demand, the company said today in its annual presentation to investment analysts at the New York Stock Exchange.
LUKOIL has published consolidated US GAAP financial statements for 2010. The Company’s net income was $9,006 million in 2010, which is 28.5% higher compared to 2009. EBITDA was $16,049 million, which is 19.1% higher y-o-y. Sales revenues were $104,956 million (+29.4% y-o-y).
"We thank our employees and their families for the courage they showed, but also for confidence in the company's efforts to evacuate them. Furthermore, we appreciate their efforts to preserve and secure facilities, both for further future activities, and to avoid any incident, "said Gavit Kurkimov, Vice President of Business Development division of Rompetrol Group.
Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports that the group’s Bratsk Ferroalloy Plant began test melting of an industrial probe of quartzites from the plant’s own resource base, the Uvatsk deposit.
Andrey Galaev, Sakhalin Energy CEO, was elected Chairman of UNGC Network Russia Steering Committee. Mr. Galaev was nominated for the post by UN Development Programme (UNDP) Representation in the Russian Federation. The nomination was supported by the Russian Union of Industrialists and Entrepreneurs and unanimously approved by Steering Committee members.
In Quito, the capital of Ecuador, there were held negotiations between Mexican Company Technoproject S.A. representatives and specialists of JSC «Institute Hydroproject», incorporated in «RusHydro» Holding Company. According to Alexander Fink, the Director of International Activities, by the end of March, 2011, it is planned to complete Feasibility Study for cascade of HPPs «Тоrtugo», «El Tigre» and «Llurimaguas» on the Guayllabamba River in the Republic of Ecuador.