Wärtsilä Norway AS is a wholly owned subsidiary of Wärtsilä Corporation in Finland. Wärtsilä enhances the business of its customers by providing them with complete lifecycle power solutions. When creating better and environmentally compatible technologies, Wärtsilä focuses on the marine and energy markets with products and solutions as well as services. Through innovative products and services, Wärtsilä sets out to be the most valued business partner of all its customers. This is achieved by the dedication of more than 18,000 professionals manning 160 Wärtsilä locations in 70 countries around the world.
Thorvik International Consulting AS provides services for European energy and environment industries, in recruitment, strategy and government affairs work.
Maersk Oil is aiming to grow by exploration and new business activities in Norway and is looking for a skilled and committed geoscientist (5 to 12 years of experience) for the office in Stavanger, Norway.
Thorvik International Consulting AS provides services for European energy and environment industries, in recruitment, strategy and government affairs work.
Russia's pipeline monopoly Transneft will ask shareholders of the Chevron-led Caspian Pipeline Consortium (CPC) to meet again in July to resolve a strategy dispute with Moscow over the country's only private oil link.
Transneft boss Semyon Vainshtok told Reuters he wanted the shareholders to meet again to discuss Transneft's proposals for higher transportation fees, lower borrowing costs and a bond issue.
Earlier this month, most shareholders of the CPC turned down suggestions by Transneft, which represents Russia in the group pumping oil from Kazakhstan to the Black Sea across Russian territory.
Russia, Kazakhstan and Oman own stakes in CPC, while private shareholders include BP, Shell, ExxonMobil, Lukoil, Rosneft and Chevron, which holds 15%.
Russia, which has a 24% stake in the consortium as a host stake, has long opposed the group's plans to double capacity from the current 700,000 barrels per day as it claims the project brings little benefit to Russia.
CPC has to pay back $5.5 billion in loans from its private shareholders before sharing profits with its state owners. Sources have told Reuters Transneft wants the group to raise $5 billion via a new bond to cut interest on the old debt.
To refinance the loan, Transneft wants the consortium to cut its borrowing rate to 6% from the current 12.5% and raise fees to $38 per tonne from $24.6 per tonne, which experts say could drive oil flows towards competing routes.
Russia has also slapped CPC with a 4.7 billion rouble ($183 million) back tax claim for 2002-2003 and is checking its accounts for 2004-2005.
CPC has been carrying oil since 2001 and pumps up to 730,000 barrels per day from Kazakh oilfields to Novorossiisk, Russia's largest Black Sea port, for re-export to world markets.