The past year has been a watershed for Gasol. Through key acquisitions and partnerships, the company is now ideally positioned to build a substantial business along the gas value chain in Africa. Gasol strengthened its management team, completed important acquisitions including 100% of African LNG and 75% stakes in two other companies, and established strategic alliances with E.ON and Teekay Corporation. With a robust outlook for gas markets, Gasol is well placed to capitalize on opportunities in African gas reserves and infrastructure development.
This document is the annual report of Gasol plc, an Africa-focused gas company. It summarizes Gasol's strategy of aggregating stranded gas reserves in West Africa to develop liquefied natural gas (LNG) projects. In the past year, Gasol made progress securing rights to a gas project in Equatorial Guinea and negotiating access to gas reserves in Nigeria. However, the economic downturn has slowed investment in new LNG projects. The Chairman is optimistic about Gasol's long-term prospects given West Africa's large gas reserves and growing domestic demand, but notes that funding challenges remain in the current environment.
Gasol progressed in developing long-term growth opportunities by securing its first access to gas in Equatorial Guinea and developing an innovative liquefaction technology concept. Key highlights included establishing strategic partnerships with upstream and downstream companies and national oil companies, as well as strengthening its management team. Going forward, Gasol aims to raise sufficient funding, acquire additional gas assets, advance engineering for its projects in Nigeria and Equatorial Guinea, and explore domestic gas monetization opportunities.
Gasol plc acquired a 75% equity stake in Afgas Infrastructure Limited and Afgas Nigeria Limited during the fiscal year. Since the fiscal year end, Gasol exercised its option to acquire the remaining 80% of African LNG Holdings, providing a foundation to build a significant gas business in West Africa. Gasol's strategy is to identify and develop opportunities along the natural gas value chain in Africa, initially focusing on Nigeria and Equatorial Guinea, with the goal of connecting African gas reserves to global markets.
The document discusses recent developments in the oil and gas industry across several countries. It reports that Mubadala's merger has positioned it for growth opportunities, Orpic plans strategic fuel reserves in Oman, Saudi Arabia's deputy crown prince has a full agenda preparing for Aramco's IPO and economic reforms, and LNG will continue playing an important role in Japan's energy future despite renewable growth.
Petroleum Development Oman plans to invest over $10 billion in three major integrated projects - Rabab Harweel Integrated Project, Yibal Khuff integrated oil and gas facility, and Budour integrated project - over the next 5-10 years to sustain its long-term hydrocarbon output in Oman. The Kurdistan Regional Government in Iraq said it will start making regular monthly payments to international oil companies for oil produced, including billions in outstanding payments. Aminex announced that its Kiliwani North-1 well in Tanzania is undergoing testing prior to first gas production following the signing of a gas sales agreement in January.
Dolphin Energy reports zero supply interruptions and 100% plant availability in 2013. It achieved environmental targets such as 20% reduction in flaring and 4% reduction in greenhouse gas emissions. Oman Oil Refineries begins work expanding Sohar refinery's capacity by 82,000 barrels per day. Gazprom Neft begins production at the Badra oil field in Iraq, with commercial production expected to begin after testing is completed in 3 months. Seadrill secures a 5-year contract from Total for its newbuild drillship West Jupiter to work on the EGINA project offshore Nigeria. Faroe Petroleum announces spudding of the Butch South West exploration well in the Norwegian North Sea.
New base energy news 22 january 2020 issue no. 1311 - senior editor eng. kh...Khaled Al Awadi
The document discusses several energy news items:
1) ADNOC and Eni signed an agreement to collaborate on carbon capture utilization and storage (CCUS) and research and development.
2) SNC-Lavalin was awarded a contract by Al Dhafra Petroleum to provide engineering services for the second phase of the Haliba oil field in Abu Dhabi.
3) The UK government doubled funding for electric vehicle charging infrastructure to over $13 million to install more residential charge points.
This document is the annual report of Gasol plc, an Africa-focused gas company. It summarizes Gasol's strategy of aggregating stranded gas reserves in West Africa to develop liquefied natural gas (LNG) projects. In the past year, Gasol made progress securing rights to a gas project in Equatorial Guinea and negotiating access to gas reserves in Nigeria. However, the economic downturn has slowed investment in new LNG projects. The Chairman is optimistic about Gasol's long-term prospects given West Africa's large gas reserves and growing domestic demand, but notes that funding challenges remain in the current environment.
Gasol progressed in developing long-term growth opportunities by securing its first access to gas in Equatorial Guinea and developing an innovative liquefaction technology concept. Key highlights included establishing strategic partnerships with upstream and downstream companies and national oil companies, as well as strengthening its management team. Going forward, Gasol aims to raise sufficient funding, acquire additional gas assets, advance engineering for its projects in Nigeria and Equatorial Guinea, and explore domestic gas monetization opportunities.
Gasol plc acquired a 75% equity stake in Afgas Infrastructure Limited and Afgas Nigeria Limited during the fiscal year. Since the fiscal year end, Gasol exercised its option to acquire the remaining 80% of African LNG Holdings, providing a foundation to build a significant gas business in West Africa. Gasol's strategy is to identify and develop opportunities along the natural gas value chain in Africa, initially focusing on Nigeria and Equatorial Guinea, with the goal of connecting African gas reserves to global markets.
The document discusses recent developments in the oil and gas industry across several countries. It reports that Mubadala's merger has positioned it for growth opportunities, Orpic plans strategic fuel reserves in Oman, Saudi Arabia's deputy crown prince has a full agenda preparing for Aramco's IPO and economic reforms, and LNG will continue playing an important role in Japan's energy future despite renewable growth.
Petroleum Development Oman plans to invest over $10 billion in three major integrated projects - Rabab Harweel Integrated Project, Yibal Khuff integrated oil and gas facility, and Budour integrated project - over the next 5-10 years to sustain its long-term hydrocarbon output in Oman. The Kurdistan Regional Government in Iraq said it will start making regular monthly payments to international oil companies for oil produced, including billions in outstanding payments. Aminex announced that its Kiliwani North-1 well in Tanzania is undergoing testing prior to first gas production following the signing of a gas sales agreement in January.
Dolphin Energy reports zero supply interruptions and 100% plant availability in 2013. It achieved environmental targets such as 20% reduction in flaring and 4% reduction in greenhouse gas emissions. Oman Oil Refineries begins work expanding Sohar refinery's capacity by 82,000 barrels per day. Gazprom Neft begins production at the Badra oil field in Iraq, with commercial production expected to begin after testing is completed in 3 months. Seadrill secures a 5-year contract from Total for its newbuild drillship West Jupiter to work on the EGINA project offshore Nigeria. Faroe Petroleum announces spudding of the Butch South West exploration well in the Norwegian North Sea.
New base energy news 22 january 2020 issue no. 1311 - senior editor eng. kh...Khaled Al Awadi
The document discusses several energy news items:
1) ADNOC and Eni signed an agreement to collaborate on carbon capture utilization and storage (CCUS) and research and development.
2) SNC-Lavalin was awarded a contract by Al Dhafra Petroleum to provide engineering services for the second phase of the Haliba oil field in Abu Dhabi.
3) The UK government doubled funding for electric vehicle charging infrastructure to over $13 million to install more residential charge points.
Greetings,
Attached FYI ( NewBase Special 17 November 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• Saudi Aramco: Petrofac awarded Fadhili contract
• Oman: PDO inks contracts worth $650m
• Egypt: SacOil commences drilling operations and steam injection at its Lagia oil field
• Indonesia: Cue Energy signs rig contract for Naga Selatan-2
• Algeria to focus next year on mature oilfields
• Oil prices give up early gains as market glut persists
• Oil Approaching $40 Deepens Investor Pessimism on Recovery
• GCC countries must restructure, broaden revenue sources
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
NewBase March 29-2022 Energy News issue - 1499 by Khaled Al Awadi.pdfKhaled Al Awadi
NewBase March 29-2022 Energy News issue - 1499 by Khaled Al AwadiNewBase March 29-2022 Energy News issue - 1499 by Khaled Al AwadiNewBase March 29-2022 Energy News issue - 1499 by Khaled Al AwadiNewBase March 29-2022 Energy News issue - 1499 by Khaled Al AwadiNewBase March 29-2022 Energy News issue - 1499 by Khaled Al AwadiNewBase March 29-2022 Energy News issue - 1499 by Khaled Al AwadiNewBase March 29-2022 Energy News issue - 1499 by Khaled Al Awadi
New base 977 special 19 december 2016 energy newsKhaled Al Awadi
NewBase 19 December 2016 - Issue No. 977 Senior Editor Eng. Khaled Al Awadi
NewBase For discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE
UAE: ADCO offer BP 10% of Abu Dhabi’s onshore oilfields for US$2.2bn
The National - Anthony McAuley
BP has taken a 10 per cent stake in Abu Dhabi’s main onshore oilfield concession after a prolonged negotiation, agreeing to pay about US$2.2 billion for the stake through the issue of new shares.
As part of the deal, BP will become the manager of the Bab oilfield, one of the six main oilfields in the Abu Dhabi Company for Onshore Oil Operations (Adco) concession.
In an unusual move, BP has agreed to pay for its stake through the issue of new ordinary shares representing about 2 per cent of its issued share capital, to be held on behalf of the Abu Dhabi Government.
- Victoria Oil & Gas reported unaudited interim results for the six months ending November 30, 2014. During this period, the company met objectives of increasing gas production in Cameroon to make the subsidiary Gaz du Cameroun operationally cash positive.
- A key development was Gaz du Cameroun signing an agreement in December 2014 to supply gas to two power stations in Doula to generate up to 50MW, which could treble Gaz du Cameroun's current gas production.
- The company expects the power station projects to be online by the end of Q1 2015, representing remarkable success in progressing from signing in late December 2014 to delivering power within three months.
The document is the interim financial report of Victoria Oil & Gas PLC for the six months ended 30 November 2013. It includes the Chairman's statement which discusses operational improvements at the Logbaba gas field in Cameroon, including increased production and new customer connections. It also notes a visit by the President of Cameroon and a favorable arbitration ruling. The financial review summarizes the income statement, balance sheet, and cash flows. It shows increased revenue and profitability compared to the prior period. Key investments were made expanding the pipeline network in Cameroon.
Saudi Sipchem's new polybutylene terephthalate (PBT) plant in Jubail Industrial City, Saudi Arabia will begin initial start-up operations in the first quarter of 2015 and will manufacture up to 63,000 tonnes per year of PBT resin. Kuwait Energy discovered oil at its second exploration well, Faihaa-1, in Iraq's Block 9 concession. KrisEnergy's plan of development for the Lengo gas field in Indonesia was approved, allowing negotiations for gas sales agreements. Wentworth discovered natural gas at its Tembo-1 exploration well in Mozambique's Rovuma Onshore concession.
Saudi Arabia exported 1.84 billion barrels of oil in the first eight months of 2014, generating $199.17 billion in revenues. Domestic consumption accounted for 23% of total output. Global oil supplies remain abundant while demand is weak, exerting downward pressure on prices. The Barzan Gas Project in Qatar is over 95% complete, with Train 1 expected to begin production in early 2015. When fully operational, the project will produce 1.4 billion cubic feet of natural gas per day. The project maintains excellent safety performance and aims to minimize environmental impacts.
The document summarizes Malaysia's oil and gas sector initiatives known as entry point projects (EPPs) aimed at boosting the country's economy. Key EPPs include rejuvenating existing oil fields through enhanced oil recovery projects, developing small fields using innovative technologies, intensifying domestic exploration, unlocking gas demand, building an oil storage and trading hub, consolidating domestic fabricators, and partnering with global oil services companies. The EPPs are expected to increase recovery rates of mature fields, develop viable small fields, replenish oil reserves, address impending gas shortages, facilitate regional oil trading, elevate local companies' capacities, and establish Malaysia as a hub for oil field services.
BP Oman has awarded two major drilling contracts totaling over $730 million for its Khazzan gas project in Oman. KCA Deutag received a contract over $400 million to construct and operate five land rigs, while Oman's Abraj Energy Service received a contract over $330 million to supply three drilling rigs. The contracts will support the large drilling program needed to develop the Khazzan gas field and demonstrate BP's commitment to local content in Oman.
The document discusses several oil and gas industry news stories:
1) Dana Gas won a court ruling in its dispute with the Kurdish Regional Government in Iraq over $2 billion in unpaid bills. The court affirmed Dana Gas' rights to develop an oil field and receive international prices for its output.
2) SABIC and SK Global Chemical formed a joint venture to purchase a plant in South Korea that produces specialized polyethylene products.
3) Statoil installed the world's first subsea wet gas compressor at the Gullfaks oil field in Norway, which will boost oil recovery and extend production.
4) The U.S. and Canadian rig counts both increased according to Baker Hughes, with the
This document is a business proposal from SAN SAN MEWAH SDN BHD for the production of their 5-in-1 Catalyst called Magna CA-5. Magna CA-5 was developed in partnership with international scientists to extract 30-40% more energy from raw materials used for power generation while reducing pollution. It is a coal additive that improves combustion, reduces pollution, protects boilers, and saves coal and energy. SAN SAN MEWAH aims to be a leading producer and exporter of Magna CA-5 worldwide. The proposal includes details of planned manufacturing facilities, production costs, the product, its functions and benefits demonstrated in trials.
New base 1031 special 18 may 2017 energy newsKhaled Al Awadi
- ADNOC signed an agreement with Penthol to be the exclusive seller of ADNOC's Group III base oil in the United States. Group III base oils are used to manufacture high performance engine oils.
- PDO is on track to eliminate routine gas flaring ahead of the 2030 target, through reduction initiatives that have reduced flaring intensity by 38% from 2015-2016. Trials of micro-turbines and liquid-gas pumps aim to further reduce flaring by recovering gas.
- Sound Energy announced that a drilling rig has arrived in Morocco to re-enter and test two existing wells at the Sidi Moktar asset, where a previous gas discovery was made. The tests will assess
This document is Devon Energy Corporation's 2005 Annual Report. It summarizes the company's key accomplishments for the year, including record financial results and adding nearly 440 million barrels of proved oil and gas reserves, almost double the amount produced. It highlights successful drilling projects like the Barnett Shale that contributed significantly to reserve growth. The report also discusses Devon's strategy of investing in longer-term projects to ensure sustainable growth, such as discoveries in the deepwater Gulf of Mexico and the Jackfish oil sands project in Canada.
Dubai Petroleum Establishment has discovered significant volumes of gas in its T-02 deep gas exploration well in the offshore Fateh field. The well flowed gas on multiple occasions from the Pre Khuff formation at a depth of over 18,000 feet. Initial indications are that the gas is largely methane with no hydrogen sulfide. Testing of the well is ongoing and will be completed in late summer 2015 to determine potential reserves and production rates. The discovery of domestic gas supplies could reduce Dubai's energy import costs and support economic growth.
An investor presentation outlining Australian company Liquefied Natural Gas Limited's purchase of a site in Richmond County, Nova Scotia (Canada) from Anadarko Petroleum. Anadarko had planned to build an LNG import facility at the site--however those plans have changed. LNGL now proposes to build an LNG export facility at the site--a facility that will use, in part, gas pipelined up from the Marcellus Shale region. A final decision on whether or not to build the facility will come in 2016.
Greetings,
Attached FYI ( NewBase Special 23 March 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• Saudi Aramco oilfield expansion nearing completion
• Qatargas eyes expanded LNG supply deals with UK, Dutch terminals
• Oman: OOCEP plans to spud pilot well in Block 65
• US: Scrambling for cover, U.S. shale producers ramp up hedging
• Oil prices holding after API stockpile build reasserts glut concerns
• OPEC expects upsurge in oil prices with or without Iran
• SABIC: Oil market reaching point of "stability"
• Drillers Can't Replace Lost Output as $100 Oil Inheritance Spent
• Fiscal deficit of Gulf economies to widen on low oil prices
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
SNC-Lavalin has been awarded a contract by Abu Dhabi Oil Company Ltd. (Japan) to provide project management consultancy services for an expansion aimed at increasing oil production from existing offshore oilfields in the UAE. The expansion includes increasing hydrocarbon handling capacity at existing facilities and developing the Hail oil field. SNC-Lavalin will provide services for front-end engineering design and engineering, procurement, and construction stages of the expansion project. OMV, an Austrian oil and gas group owned by Abu Dhabi, cut its 2014 oil production target due to uncertainty over the security situation in Libya, where its output has been halted since March. Mari Petroleum Company announced a significant gas and condens
Woodside has entered into a contract with Morocco's National Oil Company to explore an offshore block known as the Rabat Ultra Deep Offshore area. Otto Energy has been granted a 12-month extension by the Philippines Department of Energy to drill an exploration well. PetroVietnam has replaced Vinachem as a partner in the Long Son Refinery project in Vietnam along with Siam Cement Group and Qatar Petroleum.
Gasol plc held a presentation on their Africa-focused gas business. They highlighted that LNG is an attractive sector due to strong global demand and prices. Gasol has access to gas reserves in West Africa through partnerships. Their strategy is to aggregate small, stranded gas reserves and supplies from marginal fields for LNG projects. Upcoming deliverables include progressing projects in Nigeria and Equatorial Guinea to achieve a final investment decision for an FLNG facility by 2009 and a conventional LNG plant by 2011.
Greetings,
Attached FYI ( NewBase Special 17 November 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• Saudi Aramco: Petrofac awarded Fadhili contract
• Oman: PDO inks contracts worth $650m
• Egypt: SacOil commences drilling operations and steam injection at its Lagia oil field
• Indonesia: Cue Energy signs rig contract for Naga Selatan-2
• Algeria to focus next year on mature oilfields
• Oil prices give up early gains as market glut persists
• Oil Approaching $40 Deepens Investor Pessimism on Recovery
• GCC countries must restructure, broaden revenue sources
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
NewBase March 29-2022 Energy News issue - 1499 by Khaled Al Awadi.pdfKhaled Al Awadi
NewBase March 29-2022 Energy News issue - 1499 by Khaled Al AwadiNewBase March 29-2022 Energy News issue - 1499 by Khaled Al AwadiNewBase March 29-2022 Energy News issue - 1499 by Khaled Al AwadiNewBase March 29-2022 Energy News issue - 1499 by Khaled Al AwadiNewBase March 29-2022 Energy News issue - 1499 by Khaled Al AwadiNewBase March 29-2022 Energy News issue - 1499 by Khaled Al AwadiNewBase March 29-2022 Energy News issue - 1499 by Khaled Al Awadi
New base 977 special 19 december 2016 energy newsKhaled Al Awadi
NewBase 19 December 2016 - Issue No. 977 Senior Editor Eng. Khaled Al Awadi
NewBase For discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE
UAE: ADCO offer BP 10% of Abu Dhabi’s onshore oilfields for US$2.2bn
The National - Anthony McAuley
BP has taken a 10 per cent stake in Abu Dhabi’s main onshore oilfield concession after a prolonged negotiation, agreeing to pay about US$2.2 billion for the stake through the issue of new shares.
As part of the deal, BP will become the manager of the Bab oilfield, one of the six main oilfields in the Abu Dhabi Company for Onshore Oil Operations (Adco) concession.
In an unusual move, BP has agreed to pay for its stake through the issue of new ordinary shares representing about 2 per cent of its issued share capital, to be held on behalf of the Abu Dhabi Government.
- Victoria Oil & Gas reported unaudited interim results for the six months ending November 30, 2014. During this period, the company met objectives of increasing gas production in Cameroon to make the subsidiary Gaz du Cameroun operationally cash positive.
- A key development was Gaz du Cameroun signing an agreement in December 2014 to supply gas to two power stations in Doula to generate up to 50MW, which could treble Gaz du Cameroun's current gas production.
- The company expects the power station projects to be online by the end of Q1 2015, representing remarkable success in progressing from signing in late December 2014 to delivering power within three months.
The document is the interim financial report of Victoria Oil & Gas PLC for the six months ended 30 November 2013. It includes the Chairman's statement which discusses operational improvements at the Logbaba gas field in Cameroon, including increased production and new customer connections. It also notes a visit by the President of Cameroon and a favorable arbitration ruling. The financial review summarizes the income statement, balance sheet, and cash flows. It shows increased revenue and profitability compared to the prior period. Key investments were made expanding the pipeline network in Cameroon.
Saudi Sipchem's new polybutylene terephthalate (PBT) plant in Jubail Industrial City, Saudi Arabia will begin initial start-up operations in the first quarter of 2015 and will manufacture up to 63,000 tonnes per year of PBT resin. Kuwait Energy discovered oil at its second exploration well, Faihaa-1, in Iraq's Block 9 concession. KrisEnergy's plan of development for the Lengo gas field in Indonesia was approved, allowing negotiations for gas sales agreements. Wentworth discovered natural gas at its Tembo-1 exploration well in Mozambique's Rovuma Onshore concession.
Saudi Arabia exported 1.84 billion barrels of oil in the first eight months of 2014, generating $199.17 billion in revenues. Domestic consumption accounted for 23% of total output. Global oil supplies remain abundant while demand is weak, exerting downward pressure on prices. The Barzan Gas Project in Qatar is over 95% complete, with Train 1 expected to begin production in early 2015. When fully operational, the project will produce 1.4 billion cubic feet of natural gas per day. The project maintains excellent safety performance and aims to minimize environmental impacts.
The document summarizes Malaysia's oil and gas sector initiatives known as entry point projects (EPPs) aimed at boosting the country's economy. Key EPPs include rejuvenating existing oil fields through enhanced oil recovery projects, developing small fields using innovative technologies, intensifying domestic exploration, unlocking gas demand, building an oil storage and trading hub, consolidating domestic fabricators, and partnering with global oil services companies. The EPPs are expected to increase recovery rates of mature fields, develop viable small fields, replenish oil reserves, address impending gas shortages, facilitate regional oil trading, elevate local companies' capacities, and establish Malaysia as a hub for oil field services.
BP Oman has awarded two major drilling contracts totaling over $730 million for its Khazzan gas project in Oman. KCA Deutag received a contract over $400 million to construct and operate five land rigs, while Oman's Abraj Energy Service received a contract over $330 million to supply three drilling rigs. The contracts will support the large drilling program needed to develop the Khazzan gas field and demonstrate BP's commitment to local content in Oman.
The document discusses several oil and gas industry news stories:
1) Dana Gas won a court ruling in its dispute with the Kurdish Regional Government in Iraq over $2 billion in unpaid bills. The court affirmed Dana Gas' rights to develop an oil field and receive international prices for its output.
2) SABIC and SK Global Chemical formed a joint venture to purchase a plant in South Korea that produces specialized polyethylene products.
3) Statoil installed the world's first subsea wet gas compressor at the Gullfaks oil field in Norway, which will boost oil recovery and extend production.
4) The U.S. and Canadian rig counts both increased according to Baker Hughes, with the
This document is a business proposal from SAN SAN MEWAH SDN BHD for the production of their 5-in-1 Catalyst called Magna CA-5. Magna CA-5 was developed in partnership with international scientists to extract 30-40% more energy from raw materials used for power generation while reducing pollution. It is a coal additive that improves combustion, reduces pollution, protects boilers, and saves coal and energy. SAN SAN MEWAH aims to be a leading producer and exporter of Magna CA-5 worldwide. The proposal includes details of planned manufacturing facilities, production costs, the product, its functions and benefits demonstrated in trials.
New base 1031 special 18 may 2017 energy newsKhaled Al Awadi
- ADNOC signed an agreement with Penthol to be the exclusive seller of ADNOC's Group III base oil in the United States. Group III base oils are used to manufacture high performance engine oils.
- PDO is on track to eliminate routine gas flaring ahead of the 2030 target, through reduction initiatives that have reduced flaring intensity by 38% from 2015-2016. Trials of micro-turbines and liquid-gas pumps aim to further reduce flaring by recovering gas.
- Sound Energy announced that a drilling rig has arrived in Morocco to re-enter and test two existing wells at the Sidi Moktar asset, where a previous gas discovery was made. The tests will assess
This document is Devon Energy Corporation's 2005 Annual Report. It summarizes the company's key accomplishments for the year, including record financial results and adding nearly 440 million barrels of proved oil and gas reserves, almost double the amount produced. It highlights successful drilling projects like the Barnett Shale that contributed significantly to reserve growth. The report also discusses Devon's strategy of investing in longer-term projects to ensure sustainable growth, such as discoveries in the deepwater Gulf of Mexico and the Jackfish oil sands project in Canada.
Dubai Petroleum Establishment has discovered significant volumes of gas in its T-02 deep gas exploration well in the offshore Fateh field. The well flowed gas on multiple occasions from the Pre Khuff formation at a depth of over 18,000 feet. Initial indications are that the gas is largely methane with no hydrogen sulfide. Testing of the well is ongoing and will be completed in late summer 2015 to determine potential reserves and production rates. The discovery of domestic gas supplies could reduce Dubai's energy import costs and support economic growth.
An investor presentation outlining Australian company Liquefied Natural Gas Limited's purchase of a site in Richmond County, Nova Scotia (Canada) from Anadarko Petroleum. Anadarko had planned to build an LNG import facility at the site--however those plans have changed. LNGL now proposes to build an LNG export facility at the site--a facility that will use, in part, gas pipelined up from the Marcellus Shale region. A final decision on whether or not to build the facility will come in 2016.
Greetings,
Attached FYI ( NewBase Special 23 March 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• Saudi Aramco oilfield expansion nearing completion
• Qatargas eyes expanded LNG supply deals with UK, Dutch terminals
• Oman: OOCEP plans to spud pilot well in Block 65
• US: Scrambling for cover, U.S. shale producers ramp up hedging
• Oil prices holding after API stockpile build reasserts glut concerns
• OPEC expects upsurge in oil prices with or without Iran
• SABIC: Oil market reaching point of "stability"
• Drillers Can't Replace Lost Output as $100 Oil Inheritance Spent
• Fiscal deficit of Gulf economies to widen on low oil prices
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
SNC-Lavalin has been awarded a contract by Abu Dhabi Oil Company Ltd. (Japan) to provide project management consultancy services for an expansion aimed at increasing oil production from existing offshore oilfields in the UAE. The expansion includes increasing hydrocarbon handling capacity at existing facilities and developing the Hail oil field. SNC-Lavalin will provide services for front-end engineering design and engineering, procurement, and construction stages of the expansion project. OMV, an Austrian oil and gas group owned by Abu Dhabi, cut its 2014 oil production target due to uncertainty over the security situation in Libya, where its output has been halted since March. Mari Petroleum Company announced a significant gas and condens
Woodside has entered into a contract with Morocco's National Oil Company to explore an offshore block known as the Rabat Ultra Deep Offshore area. Otto Energy has been granted a 12-month extension by the Philippines Department of Energy to drill an exploration well. PetroVietnam has replaced Vinachem as a partner in the Long Son Refinery project in Vietnam along with Siam Cement Group and Qatar Petroleum.
Gasol plc held a presentation on their Africa-focused gas business. They highlighted that LNG is an attractive sector due to strong global demand and prices. Gasol has access to gas reserves in West Africa through partnerships. Their strategy is to aggregate small, stranded gas reserves and supplies from marginal fields for LNG projects. Upcoming deliverables include progressing projects in Nigeria and Equatorial Guinea to achieve a final investment decision for an FLNG facility by 2009 and a conventional LNG plant by 2011.
London Stock Exchange Investor Day Presentationsoumoin
Gasol is an Africa-focused gas company that aims to monetize stranded and marginal gas reserves in the Gulf of Guinea region through small-scale LNG projects. It plans to aggregate multiple small gas fields and use innovative liquefaction technologies to produce LNG for export markets. Gasol's strategy is focused on rapidly monetizing gas reserves through cost-effective midstream solutions and partnerships along the gas value chain to deliver 5MT of LNG per year over the next decade. The Gulf of Guinea region represents a significant opportunity due to its large untapped gas reserves that are well-positioned to supply growing global LNG demand.
The document contains contact information for Mark Thie including his phone number and email. It lists his areas of expertise as strategic marketing/communications, website and content management, collateral content/design, advertising including copywriting and agency management, outdoor advertising including copywriting and design, media relations, media relations/development, media relations/events, and editorial content.
The document is a children's book titled "Brown Bear, Brown Bear, What Do You See?" It follows a call and response format where animals ask each other what they see. Each animal sees the next animal in the sequence looking at them, from a red bird seeing a yellow duck, up to children seeing a brown bear and all the animals along with a teacher looking at them at the end.
Panduan ini memberikan ringkasan prosedur pendaftaran perniagaan francais di bawah Akta Francais 1998, termasuk permohonan pendaftaran, dokumen yang diperlukan, laporan tahunan, tempoh kuat kuasa dan bayaran. Ia bertujuan untuk membantu pemohon memahami proses pendaftaran perniagaan francais di Malaysia.
Dokumen tersebut membahasikan penggunaan aktiviti puzzle dalam meningkatkan daya ingatan pelajar untuk mengingati fakta dan istilah penting dalam mata pelajaran Sains dan Perdagangan. Aktiviti ini diharapkan dapat menarik minat pelajar dan membantu mereka memahami konsep melalui penglibatan aktif.
The document summarizes hiring trends and salary expectations in the oil and gas industry for the second half of 2011 across various regions including the Americas. In the Americas region, activity and confidence is increasing in the US energy sector due to higher oil prices and domestic production. National oil companies in the Americas have announced aggressive investment plans totaling $440 billion over the next five years. Heavy Chinese investment continues in Venezuela and Brazil. Argentina's economy and energy sector are growing strongly following economic difficulties a decade ago.
New base energy news 10 april 2019 issue no 1238 by khaled al awadiKhaled Al Awadi
NewBase Energy News 10 April 2019 - Issue No. 1238 Senior Editor Eng. Khaled Al Awadi Greetings ,
Pleased to be able to share with you our latest energy news via NewBase Energy News 10 April 2019 - Issue No. 1238 Senior Editor Eng. Khaled Al Awadi
Hope you find it interesting
Yours
Khaled Alawadi
GAS UTILIZATION, CHALLENGES, PROSPECT AND THE WAY FORWARDISRAEL ONYIJE
Nigeria has significant natural gas reserves, estimated at 183 trillion cubic feet of proven reserves and possibly over 600 trillion cubic feet. However, gas utilization in Nigeria faces challenges including inadequate gas infrastructure, inappropriate gas pricing, low levels of industrialization, and inadequate investment in the gas value chain. To increase gas utilization, Nigeria needs to address gas flaring, improve the legal and regulatory framework for the gas industry, and incentivize private sector investment along the gas value chain, including in power generation, domestic gas supply, and gas-based industries. With reforms and investment, Nigeria has strong prospects for increased utilization of its substantial natural gas resources.
NewBase 24 May 2024 Energy News issue - 1727 by Khaled Al Awadi_compresse...Khaled Al Awadi
Greetings,
Hawk Energy is pleased to present you with its latest energy news
NewBase 24 May 2024 Energy News issue - 1727 by Khaled Al Awadi
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Regards.
Founder & S. Editor NewBase EnergyError! Filename not specified.
Khaled M Al Awadi, Energy Consultant
MS & BS Mechanical Engineering (HON), USA
Greetings,
Hawk Energy is pleased to present you with its latest energy news
NewBase 24 May 2024 Energy News issue - 1727 by Khaled Al Awadi
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Regards.
Founder & S. Editor NewBase EnergyError! Filename not specified.
Khaled M Al Awadi, Energy Consultant
MS & BS Mechanical Engineering (HON), USA
Greetings,
Hawk Energy is pleased to present you with its latest energy news
NewBase 24 May 2024 Energy News issue - 1727 by Khaled Al Awadi
https://www.linkedin.com/posts/khaled-al-awadi-38b995b_newbase-energy-activity-7199590540223397888-1Qgd?utm_source=share&utm_medium=member_desktop
Regards.
Founder & S. Editor NewBase EnergyError! Filename not specified.
Khaled M Al Awadi, Energy Consultant
MS & BS Mechanical Engineering (HON), USA
Greetings,
Hawk Energy is pleased to present you with its latest energy news
NewBase 24 May 2024 Energy News issue - 1727 by Khaled Al Awadi
https://www.linkedin.com/posts/khaled-al-awadi-38b995b_newbase-energy-activity-7199590540223397888-1Qgd?utm_source=share&utm_medium=member_desktop
Regards.
Founder & S. Editor NewBase EnergyError! Filename not specified.
Khaled M Al Awadi, Energy Consultant
MS & BS Mechanical Engineering (HON), USA
New base 1017 special 09 april 2017 energy newsKhaled Al Awadi
Oman is considering importing coal and liquefied natural gas (LNG) as alternative fuel sources to natural gas due to constrained domestic gas supplies and growing demand. Coal could potentially be used in a new power plant planned for Duqm's special economic zone, while LNG could be imported via floating storage and regasification units to supply the national grid and Duqm. Separately, ARA Petroleum has completed its acquisition of a 100% interest in Block 44 onshore Oman from PTTEP Oman.
New base energy news issue 903 dated 09 august 2016Khaled Al Awadi
Greetings,
Attached FYI (NewBase 09 August 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In today’s issue you will find news about:-
• UAE: Client prequalifying for Haliba oil field development
• UAE:GASCO takes delivery of first LNG floating storage and regasification unit as part of ADNOC’s integrated
• Qatar LNG industry to stay ‘most competitive, reliable,’ al-Sada
• Bulgaria May Restore Russian Gas Pipeline, Nuclear Plant
• Oil pares near 3-percent gains amid oil glut worries
• Oil Halts Gains as OPEC Talks Seen Unlikely to Tighten Supply
• Oil Gains as OPEC Plans Informal Talks, Predicts Higher Prices
• Analysts sceptical about oil crossing $50 per barrel this year
• 24M’s battery breakthrough could put a dent in renewable energy’s biggest challenge
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
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Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
Acquisition of CEPSA by IPIC is a perfect example of long term planning while acquiring a large company. Being just a 20 year old company IPIC took over a 90 year old company CEPSA which is because of its significant startegy.
New base 1016 special 04 april 2017 energy newsKhaled Al Awadi
Qatar Petroleum plans to start a new gas project in the North Field, ending a 12-year moratorium. The project will produce 2 billion cubic feet per day, boosting Qatar's output by 10%. Qatar aims to strengthen its position as a major global gas supplier. Separately, Abu Dhabi National Oil Company and Saudi Aramco will collaborate on energy technology and renewables to improve efficiency and diversify beyond oil. They will work together on new technologies and renewable energy projects in both countries. Petronas' floating LNG facility in Malaysia loaded its first cargo, demonstrating Petronas' FLNG technology. BP Oman's Khazzan gas project in Oman will supply gas nationwide and potentially
New base 1016 special 04 april 2017 energy newsKhaled Al Awadi
Qatar Petroleum plans to start a new gas project in the North Field, ending a 12-year moratorium. The project will produce 2 billion cubic feet per day, boosting Qatar's output by 10%. Qatar aims to strengthen its position as a major global gas supplier. Separately, Abu Dhabi National Oil Company and Saudi Aramco will collaborate on energy technology and renewables to improve efficiency and diversify beyond oil. They will work together on new technologies and Abu Dhabi's Masdar will also partner with Saudi Aramco on renewable energy projects in both countries. Additionally, Petronas' floating LNG facility in Malaysia loaded its first cargo, while BP is integrating its gas facilities in O
New base energy news october 2018 no 1202 by khaled al awadiKhaled Al Awadi
OMV has started production at the Umm Lulu and SARB oil fields offshore Abu Dhabi, with an initial capacity of 50,000 barrels per day set to increase to 215,000 barrels per day by 2023. OMV acquired a 20% stake in the fields for $1.5 billion in April 2018. Separately, Adnoc LNG awarded a $860 million contract to expand its gas processing and treatment facilities on Das Island to increase gas supply. Finally, hydroelectric and fossil fuels such as natural gas have fueled most electricity growth in sub-Saharan Africa between 2005-2015, with total generation reaching 420 billion kilowatt-hours, though about two-thirds of the population still lacks
This annual report summarizes Sempra Energy's financial performance in 2004. Some key points:
- Sempra Energy posted record earnings of $895 million in 2004, a 38% increase over 2003. Earnings per share increased 26% to $3.83.
- The company made progress executing its growth strategy, including agreements for its first LNG terminal in North America and permits for additional terminals.
- California utilities SDG&E and SoCalGas received approval for rate plans ensuring reasonable returns through 2007.
- Trading, power generation and international businesses performed strongly, contributing to earnings growth.
The presentation provides an overview of the oil and gas industry to the Select Committee on Economic and Business Development. It discusses the role of CEF in developing South Africa's and the African region's oil and gas industry. The presentation covers the characteristics and trends of the global oil and gas industry, with a focus on the sub-Saharan African perspective. It also outlines CEF's group structure and initiatives to improve South Africa's competitiveness in the oil and gas sector.
This document discusses the energy company's commitment to innovation and sustainability. It highlights that the company's most valuable resource is the ingenuity of its employees. While traditional energy sources like electricity, gas, and nuclear are important, the company believes its potential comes from delivering energy in environmentally-friendly ways. The CEO expresses excitement for the company's ability to create long-term shareholder value through investments in natural gas infrastructure and renewable energy projects.
Greetings,
Attached FYI ( NewBase Special 24 February 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• GE provides first Saudi-built gas compression trains
• Ethiopia: Africa Oil completes Ethiopia farm out deal with Maersk Oil
• Tanzania: Orca Exploration completes offshore workover and drilling program at its Songo Songo
• Norway: Europe's largest onshore wind power project to be built in Central Norway
• Mozanbique:Eni closing in on Mozambique FLNG development
• Oil prices fall as OPEC squabbles over output targets, crude stocks swell
• IEA braces for another year of cheap oil
• Statoil Sees Oil Price Drop As 'Great Opportunity' To Improve
• The Trickle of U.S. Oil Exports Is Already Shifting Global Power
• Global oil supply growth plunging, with US taking biggest hit for now
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
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Khaled Al Awadi
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MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
- Nido Petroleum provided an update on production from the Galoc oil field in the Philippines, which has produced over 2 million barrels since the start of Phase II in December 2013, with 10 cargo deliveries expected in 2014.
- Further studies are being considered to better understand the potential of the Galoc Mid and North Areas to unlock additional reserves.
- Independent reserves assessments estimated the remaining reserves at around 2-4% lower than the previous assessment, within an acceptable uncertainty range and not considered a material change. Production has been consistent with previous forecasts.
Pakistan is working on a shale gas policy framework and expects drilling to begin next year. Some energy companies are interested in shale gas exploration. Oman has asked its state-owned oil company PDO to increase crude oil production to 600,000 barrels per day by applying new drilling technologies. Nido Petroleum provided an reserves assessment for the Galoc oil field in the Philippines, estimating gross proved developed reserves of 9.2 million stock tank barrels with a net entitlement to Nido of 1.8 million barrels. Field expansion studies are being considered and a decision on further drilling is expected later in 2014 or early 2015.
NewBase 2-September -2022 Energy News issue - 1553 by Khaled Al Awadi.pdfKhaled Al Awadi
NewBase 2-September -2022 Energy News issue - 1553 by Khaled Al AwadiNewBase 2-September -2022 Energy News issue - 1553 by Khaled Al AwadiNewBase 2-September -2022 Energy News issue - 1553 by Khaled Al AwadiNewBase 2-September -2022 Energy News issue - 1553 by Khaled Al AwadiNewBase 2-September -2022 Energy News issue - 1553 by Khaled Al AwadiNewBase 2-September -2022 Energy News issue - 1553 by Khaled Al AwadiNewBase 2-September -2022 Energy News issue - 1553 by Khaled Al AwadiNewBase 2-September -2022 Energy News issue - 1553 by Khaled Al AwadiNewBase 2-September -2022 Energy News issue - 1553 by Khaled Al AwadiNewBase 2-September -2022 Energy News issue - 1553 by Khaled Al AwadiNewBase 2-September -2022 Energy News issue - 1553 by Khaled Al Awadi
NewBase 31 August 2023 Energy News issue - 1652 by Khaled Al Awadi_compresse...Khaled Al Awadi
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Saudi Aramco is a Saudi Arabian national petroleum and natural gas company based in Dhahran, Saudi Arabia. It was founded in 1933 as the California-Arabian Standard Oil Company and was later renamed Aramco. Saudi Aramco is 100% owned by the Saudi government and is the world's largest oil producer and exporter. It operates both upstream, producing oil and gas, and downstream, refining, distributing, and marketing oil, gas, and petrochemical products. Saudi Aramco owns the world's second largest proven crude oil reserves and operates the largest single hydrocarbon network in the world.
1. Chief Executive Officer’s Statement
for the year ended 29 February 2008
The financial year 2007/08, together with the period following the
year-end, represents a milestone in the evolution of Gasol. We have
end,
considerably strengthened the Board and management team;
completed the acquisition of 100% of African LNG and 75% of both
Afgas Infrastructure Limited and Afgas Nigeria; established strategic
alliances with two major international organisations, E.ON (Europe’s
largest integrated utility), and Teekay Corporation (the marine
services company); and have built upon our existing relationship
with Afren plc.
With these achievements in place, the Company is ideally
positioned to build a substantial business along the gas value chain
and it is with pride that I present my first review as Gasol’s Chief
Executive Officer.
“ With strong fundamentals in the gas and
LNG business and key acquisitions, Gasol
is now in a position to take its business to
the next level.”
08 Gasol plc Annual Report and Accounts 2008
2. “The past year has been
a watershed for gasol;
its acquisitions and
partnerships have ideally
positioned the Company to
build a substantial business
along the gas value chain.”
Gasol – an African gas play Our strategy is to monetise gas reserves in Africa, which historically
have been regarded as stranded; we have an initial focus on Nigeria
and Equatorial Guinea. Given the substantial reserves in this region,
we see exciting growth opportunities. We intend to establish a series
of partnerships involving gas gathering, liquefaction of natural gas
and the shipment and regasification of LNG into high-value markets
worldwide. We are also exploring synergistic gas monetisation
opportunities such as Liquefied Petroleum Gas (LPG) and Gas to
Liquids (GTL).
The gas sector continues The fundamentals of the gas markets and, within them, of LNG, are
to be attractive robust. Global demand for gas and LNG is forecast to continue to
grow and prices are expected to remain at their current high levels
for the foreseeable future. Gasol is in prime position to take advantage
of this market, due to our expertise and knowledge of the African gas
sector, where the aggregation of “stranded gas” discoveries now
represents a particularly attractive business opportunity.
We have completed some During the period under review, Gasol acquired a 75% equity stake
important acquisitions in Afgas Infrastructure Limited, which has development activities in
gas aggregation and processing systems, and 75% of Afgas Nigeria
Limited, whose activities are focused on gas infrastructure and other
gas related activities in Nigeria. The combined cash consideration for
these acquisitions was £400,000.
Since the financial year end, Gasol has exercised its option to acquire
the remaining 80% of African LNG, a landmark development for
Gasol and its shareholders, providing the springboard from which we
will build a significant gas business in the Gulf of Guinea. African
LNG brings a combination of business opportunities at various stages
of development, relationships in the region, and a management team
with significant experience in African oil and gas. The vendor, African
Gas Development Corporation (“AFGAS”), and those acting in
concert with AFGAS, now hold approximately 63% of Gasol’s issued
share capital.
Annual Report and Accounts 2008 Gasol plc 09
3. Chief Executive Officer’s Statement
continued
We have made good progress in our We are actively developing key relationships and alliances with
organic business development companies along the gas value chain in order to progress our business
development activities.
Upstream – Alliance with Afren plc Gasol’s strategic relationship with Afren plc – which includes our
right of first refusal to purchase gas – provides access to a significant
number of small
small-scale gas reserves in Africa. In March 2008, Afren
signed Production Sharing Contracts for blocks OPL 907 and 917 in
the gas rich Anambra basin area of Nigeria; OPL 907 contains the
Akukwa gas and condensate discovery while OPL 917 contains the
Igbariam gas and oil discovery.
Gas aggregation and monetisation – Nigeria In January 2008, African LNG entered into a cooperation agreement
with Afren and E.ON Ruhrgas AG to investigate the availability and
accessibility of gas in Nigeria, with a focus on the Anambra Basin and
South Eastern regions. The parties intend to develop, collect and
monetise gas for domestic and export purposes, in line with the Federal
Government of Nigeria’s Gas Master Plan and are working to evaluate
the opportunity, focusing upon, inter alia, upstream data, and the cost
of infrastructure development, the capacity of and technology to be
used in any potential liquefaction facility, and the location of facilities.
Gas infrastructure and monetisation – Gasol’s strategic relationship with Afgas provides an opportunity to
Equatorial Guinea work with Sonagas, the state-owned gas company of Equatorial
Guinea, under a joint venture agreement to monetise gas located
offshore. During the year under review, Afgas assigned its rights
under this Joint Venture (subject to consent from Sonagas and other
necessary approvals) to sell and market gas to African LNG.
Heads of Agreement for floating LNG In April, Gasol and African LNG signed important Heads of
– Teekay Corporation Agreement with Teekay Corporation, which owns and operates
LNG carriers and other marine energy transportation and production
vessels, to develop LNG capacity using floating LNG technologies.
We have strengthened our team One of my first tasks following my appointment was to ensure that,
in order to deliver our strategy, Gasol had access to the highest levels
of skill and experience.
In this respect, we are delighted to welcome Theo Oerlemans as
Non-Executive Chairman of Gasol. Theo spent almost 40 years
Executive
10 Gasol plc Annual Report and Accounts 2008
4. with Shell, developing and managing international gas projects,
and has extensive West African experience. Theo himself has
already reported on some of our other key appointments, including
the appointment of Rachel English as Chief Financial Officer,
which have significantly strengthened the quality and calibre
of the Gasol Board.
Attracting and retaining high quality staff is vital to our business
success. Our acquisition of African LNG has already endowed us
with a ready
ready-formed team of professionals, considerably experienced
in the gas industry and in African LNG in particular, and we will
continue to build our management team in line with our business
growth and strategy. Important additions to our senior team include
Miles Thomas, appointed Company Secretary in June 2008, and
Mike Burdon, who joined as Commercial Director of African LNG.
Miles has experience advising on banking, corporate and project
finance transactions at Latham & Watkins and White & Case. Mike
was formerly head of the London LNG practice at Poten & Partners.
Outlook and challenges The year ahead is promising; with strong fundamentals in the gas and
LNG business and key acquisitions in place, Gasol is now in a position
to take its business to the next level. We expect to see good progress in
the various projects and opportunities being pursued by the Company.
However, we are building a business with long
long-term horizons, large
capital requirements, and dependencies on host government policies,
which means we also have various challenges to overcome. These
include the increasing capital cost of projects, which has delayed
several projects worldwide and the intensified competition from
energy majors and sovereign states in the race for gas assets and
energy security.
Gasol has an innovative business model and, with its strategic
differentiators as a niche player, is well
well-placed to meet these
challenges, convert its opportunities into successes and deliver
value to shareholders.
Soumo Bose
Chief Executive Officer
Annual Report and Accounts 2008 Gasol plc 11