Total Signs Definitive Agreements for Entry into Arctic LNG 2

by Timothy Reeder | Mar 11, 2019 | News

Total announces that it has signed the definitive agreements with Novatek for the acquisition of a direct 10% interest in Arctic LNG 2, a major liquefied natural gas development led by Novatek on the Gydan Peninsula, Russia. Taking into account Total’s 19.4% stake in...

Oil discovery from Visund in the North Sea

by Timothy Reeder | Mar 11, 2019 | News

Equinor has, together with partners Petoro, ConocoPhillips and Repsol, made an oil discovery from the Visund A platform in the Telesto exploration well in the North Sea. The resources are estimated at 12-28 million barrels of recoverable oil. “We are pleased to have...

Rolls-Royce Power Systems reports another positive business performance

by Timothy Reeder | Mar 1, 2019 | News

Rolls-Royce’s Power Systems division put in another excellent performance in 2018, with adjusted revenue up 15 % to a record GBP 3.5 billion or EUR 3.9 billion (2017: GBP 3.0 billion / EUR 3.4 billion), and adjusted profit climbing to GBP 317 million (EUR 358...

ExxonMobil Makes Natural Gas Discovery Offshore Cyprus

by Timothy Reeder | Mar 1, 2019 | News

ExxonMobil recently announced that it has made a natural gas discovery offshore Cyprus in the Eastern Mediterranean at the Glaucus-1 well. The well, located in Block 10, encountered a gas-bearing reservoir of approximately 436 feet (133 meters). The well was safely...

E.ON bids with ENGIE and EDPR for Dunkirk Offshore Wind Project in France

by Timothy Reeder | Mar 1, 2019 | News

E.ON plans to enter the French renewable energy market and has joined the ‘Dunkerque Eoliennes en Mer’ consortium. Together with the energy companies ENGIE from France and EDPR from Portugal, E.ON is taking part in the auction of the Dunkirk offshore wind farm...