News Archive for Oil and Gas News

E.ON to sell US Power and Gas Business to PPL Corporation

E.ON is to sell its power and gas business in the US to PPL Corporation, Allentown, Pennsylvania (PPL). The two companies signed contracts and agreed the purchase price of 7.6 billion US-Dollar, a price that is very attractive for E.ON AG. With this disposal E.ON has already surpassed its target to realize at least 10 billion Euro from the divestment of assets by the end of 2010. The transaction is subject to the approval of U.S. cartel and regulatory bodies. E.ON US will be treated as discontinued operations for the whole of 2010. This technically reduces Adjusted EBIT by approximately 400 million Euro and Adjusted Net Income by approximately 260 million Euro, but has no effect on net income attributable to shareholders. Accordingly there is also no change to the 2010 Adjusted EBIT and Adjusted Net Income outlook on a pro-forma basis. As part of the transaction, E.ON will record a goodwill impairment of approximately 0.9 billion Euro in the first quarter of 2010. This figure is based on the not finally ascertained and approved interim financial statement and might therefore be subject to change.
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All the Latest Greater Sunrise Project Contract Awards

Are you looking for all the latest Greater Sunrise Project and Contract Awards in Australia? Here are some we have featured:

Shell floating LNG technology chosen by joint venture for Greater Sunrise project 29-04-2010
Mustang provides concept study for Sunrise Gas Development Project 10-07-2008

Projects OGP is Published monthly focus’s on recently awarded projects contracts and awards in the global Oil, Gas and Petrochemical upstream and downstream sectors.

Subscribers to Projects OGP will benefit from receiving the latest industry news, all of which relates to recently awarded projects and contracts across the globe.

Please visit today and subscribe for your copy of Projects OGP

BG Group agrees to sell its interest in Seabank Power Limited

BG Group today announced that it has signed a Sale and Purchase Agreement with Electricity First Limited, a wholly owned subsidiary of Cheung Kong Infrastructure Holdings Limited, for the sale of its 50% interest in Seabank Power Limited for a total consideration of £211.7 million (approximately $320 million).
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Are you looking for a supplier of Distribution Systems in Egypt?

Are you looking for a manufacturer or distributor to supply Distribution Systems in Egypt?  MCI are a leading supplier of Distribution Systems in Egypt and through out Middle East.

MCI offer a range of custom built equipment suitable for Hazardous Areas, Junction Boxes, Starters, Control Panels, Motor Control Centre’s, Distribution Boards are among the items built. Standard products include three versions of CPFG panels for A60 class modules, Battery Isolators and Temporary Power Units. MCI offers a comprehensive range of enclosures for Gas Group IIB for use in Zone 1 and Zone 2 areas that fulfill the requirements of European Standards EN 50014 and EN 50018.

MCI also assembles a range of CEAG moulded Plastic EEx ed equipment. The flameproof encapsulated components, such as MCB’s, fuses, contactors, lamps, switches and meters are mounted in impact resistant enclosures made of polyester in the type of protection “Increased Safety. Built up units include Ex Distribution Boards, Control Stations and Motor Starters all to European Standards EN 50014 and EN 50018 ATEX Approved and suitable for use in Zone 1, Zone 2, Zone 21 and Zone 22.

For more information please visit MCI Website

or for more information visit their Professional Marketing Listing

Eni and Gazprom meet to discuss the South Stream development

Today Gazprom CEO Alexei Miller met with Eni CEO Paolo Scaroni at Gazprom’s headquarters in Moscow..
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Shell floating LNG technology chosen by joint venture for Greater Sunrise project

Shell’s Floating Liquefied Natural Gas (FLNG) technology has been selected as the Sunrise Joint Venture’s preferred option for developing the Greater Sunrise gas fields in the Timor Sea.
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El Sewedy Electric – Our Companies – Iskraemeco

Iskraemeco is among the leading world companies in metering products, systems and services, acquired by Elsewedy Cables in June 2008.

Since the founding in 1945 the company has been known for technical innovation. Six decades of success and growth have been marked by numerous milestones. We are proud of the fact that all the devices and systems are based on our own knowledge and numerous patents.

Quality, reliability and flexibility are the features that satisfy the needs of our customers in the field of measuring, billing, collecting, processing, control and managing electricity.
In Iskraemeco we offer complete solutions for electricity metering and billing, for both residential and industrial applications.


To become the preferred global supplier of solutions for energy management


We make efficient energy use easy

Quality Policy

The quality of our products is based on our total business management system determined in the ISO 9000:2000 standards.
It unites systems ranging from quality management, approach to the environment, and quality of laboratories to financial management, law, safety and health at work as well as security of assets and data. The total business management system is based on a process model of constant improvements which enables us to increase efficiency and the satisfaction of customers, employees and owners.

Teamwork and Improvement Management System
We are striving in constantly improving customers’ level of satisfaction. ISO9001:2000 integrates customers’ requirements in all of the company’s processes – from design to delivery. Teamwork on all levels of the company is the basis on which we improve competitiveness, the quality of products, processes and services and thus increase efficiency and the satisfaction of our customers, employees and owners.

Quality Based on the Needs of our Customers
The design, development and marketing of the metering devices take place in co-operation with our customers and partners. A deep knowledge of metering and application of the latest technology guarantee that the devices work efficiently and reliably individually and as part of a system.

Quality of Products Based on Own Accredited Laboratories
Investments made in modernization of Iskraemeco testing and metrology laboratories with aim to stay one step ahead of technological advances in a constantly changing market are to develop a state-of-the-art technology which incorporates our customers’ future standards and needs.

Quality Recognized from our Customers
The quality of our business, which is reflected in the quality of our products and systems, is also recognized by our customers and measuring institutions in many countries. National institutions in Italy, Great Britain, Austria, Switzerland, Slovenia, Sweden and the Benelux countries have already authorized us for initial verification of products.

Environmental Policy

Our manufacturing is run to exacting standards for occupational health and safety, and environmental management. ISO 14001 is proof of our good environmental practices. Since obtaining a certificate in 1999, we have constantly supplemented and improved our approach to the environment from all aspects, in order to satisfy our customers’ demands and to be more competitive on the world market.

Our Staff

The building blocks of our expertise understand the customer’s business, a professional and enthusiastic staff, innovative and high quality products and systems and sound international experience.

Global Presence

With our products and services we are present in almost 100 countries worldwide. In addition to the parent company in Kranj, Iskraemeco Group have further several production and trade companies. The network of our partnership companies is worldwide. Each customer fit solution needs a specific relationship for satisfaction of its need

Product Range
Information about the consumption we provide are the value for all energy market players: regulators, energy suppliers, utilities and consumers. Our products meet the requirements of applicable international standards and legislation.

Automatic meter management (AMM) Systems
 AMM Systems for residential users
 AMM Meters: Electronic meters for AMM systems ( single and 3 phase meters, and switching devices)
 AMM concentrators and Communications

 Iskramatic SEP2W
 Programs for reading and parameter setting

Data recorders and communicators
 Recorders and communicators for industrial users

Production, transmission, distribution
 Precision meters
 Measuring cabinets

Industrial and commercial
 Electronic meters for industrial users (3 phase meters)
 Electromechanical meters for industrial users ( 3 phase meters)

Residential meters
 Electronic meters for Residential users (Single and 3 phase meters)
 Prepayment meters for Residential users (Single and 3 phase meters)
 Electromechanical meters for Residential users (Single and 3 phase meters)  


Iskraemeco, d.d.
Savska loka 4
4000 Kranj, Slovenia

Contact Us

Tel (Office):+202 22909830

Fax:+202 24180984


ConocoPhillips terminating agreement to develop Shah Gas Field

ConocoPhillips [NYSE:COP] has decided to end its participation in developing the Shah Gas Field with Abu Dhabi National Oil Company (ADNOC). ConocoPhillips had considered holding a 40 percent ownership stake in the project.
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Leading provider of Private Jet Charter to Libya

Chapman Freeborn provides private jet charter and air charter services for corporate executives, VIP, business, and incentive travel. Aircraft charter types include Gulfsteam private jets, Learjets, Cessna private jets, and Bombardier private jet charters for VIP and executive travel, helicopters, and large Boeing and Airbus aircraft for group travel and crew rotations.

Chapman Freeborn is the global aircraft charter specialist. Private jet charter services provided worldwide including USA, Houston, Canada, Brazil, UK, Belgium, Netherlands, France, Spain, Portugal, Italy, Germany, Poland, Czech Republic, Hungary, Romania, Turkey, Central Asia, Africa, South Africa, Middle East, UAE, Dubai, Sharjah, Iraq, Baghdad, Afghanistan, Kabul, India, China, Hong Kong, Asia, and Singapore.

Looking for Operations Manager in Baku

Are you looking for Operations Managers in Baku?  The best place to source candidates is through Oil and Gas People?

Find the current job description below:

Job Details
Location: Azerbaijan > Baku

Working Locations: Site / Office

Posted: 25 April 2010 at 08:00 (exp: 23/05/2010)

Key Requirements
* Degree qualification preferable

* Engineering background Operational or Service

* FSU experience if possible but not mandatory

* Strong Language & Communication Skills

Job Description
* Oversea all drilling activities in Azerbaijan, both onshore and offshore

* Handle Clients and suppliers

* Operate Day to Day running of all rigs

* Responsibility for whole Azerbaijan operations

* Report Directly to Managerial Director

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