World Petroleum Congress to be held in Moscow
Deputy Prime Minister of the Russian Federation, Arkady Dvorkovich, has confirmed that the 21st World Petroleum Congress will be held in Moscow from 15 – 19 June 2014. The congress will be the largest international event in the global oil and gas industries. Dr. Over 500 other industry leaders and decision makers. The recent geopolitical situation in Ukraine, including sanctions and other macroeconomic and political factors, could have a strong impact on the world’s oil and gas markets. Although they do not adversely affect the Congress itself under the current scenarios, important discussions on the development of the entire energy sector and wide-ranging industry announcements are expected to take place at the Congress.
BP, Reliance Industries Announce Partnership in India
Reliance Industries Limited and BP today announced a historic partnership between the two companies. Mr. Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited, and Mr. Robert Dudley, BP Group Chief Executive, signed the relationship framework and transactional agreements in London. The partnership across the full value chain comprises BP taking a 30 per cent stake in 23 oil and gas production sharing contracts that Reliance operates in India, including the producing KG D6 block, and the formation of a 50:50 joint venture between the two companies for the sourcing and marketing of gas in India. The joint venture will also endeavour to accelerate the creation of infrastructure for receiving, transporting and marketing of natural gas in India.
Oil Spill NIC Press Briefing, June 11
(June 11, 9:00 a.m. MODERATOR: Good morning. Welcome to today’s briefing. We’ll follow the standard format today. Admiral [Thad] Allen will give the daily update and then we’ll take 10 minutes of questions from the floor and 10 minutes from the phone. Admiral? ADMIRAL ALLEN: Thank you. Good morning. Since it’s Friday, I thought I’d review some of the basic numbers of the response and talk a little bit about some strategic issues regarding the skimmers which are becoming increasingly important in this response as it spreads out (inaudible). Be glad to answer any questions you may have for me at that point. Just to summarize where we’re at on this Friday regarding people—about 25,000 are on the ground down there. This has become the largest oil spill response in our nation’s history.
