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.
Australia’s coalbed methane producer Queensland Gas Company said that a former company secretary has been the subject of an investigation by the Australian Securities and Investments Commission (ASIC) for alleged insider trading.
Mukesh Panchal’s position as QGC’s company secretary was terminated on 28 February, one day after QGC’s managing director Richard Cottee heard for the first time of Panchal’s involvement in an ASIC probe into the alleged purchase of QGC shares between 15 January and 1 February.
Cottee briefed the board of QGC on the 29 February and the London-based chief executive of BG Group, Frank Chapman, was also briefed on the matter during late February.
The alliance between the two companies to invest A$8 billion (US$7.4 billion) in creating an LNG project in Queensland using QGC’s Surat basin coalbed methane gas as feed-stock, is progressing as planned. On Friday, QGC received A$664 million from BG in recognition of completion of part of the BG transaction.
“I can confirm that based on the documents in the District Court, Panchal is alleged to have purchased more than 400,000 shares in QGC between 15 January and 1 February,” Cottee said in a statement today.
QGC went into a trading halt on 1 February when the shares were A$3.42. The alliance with BG Group was announced first in London on the evening of 1 February (Brisbane time). The share price rose above A$4 on 4 February and had traded as high as A$4.67.
Cottee said he was not aware of anyone apart from Panchal being under investigation.
Panchal joined QGC in July 2006, he was previously employed in a senior role at an energy company in New Zealand.