Austria increases Russian gas imports by 77.2 per cent since start of 2018

by Timothy Reeder | Apr 11, 2018 | News

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV, took place in St. Petersburg recently. The parties addressed the ongoing and future cooperation, noting that after its...

Saudi Aramco and Total to Build a Giant Petrochemical Complex

by Timothy Reeder | Apr 11, 2018 | News

During the official visit to Paris by Crown Prince of Saudi Arabia, HRH Mohammed bin Salman, Saudi Aramco and Total signed a memorandum of understanding to build a giant petrochemical complex in Jubail, Saudi Arabia. The complex will be integrated downstream of the...

BP to develop two new fields in the North Sea

by Timothy Reeder | Apr 11, 2018 | News

BP is set to quickly develop two new oil fields in the UK North Sea which are expected to produce 30,000 barrels gross of oil equivalent a day at peak production. Alligin and Vorlich are satellite fields located near to existing infrastructure meaning they can be...

BP to develop second phase of Oman’s giant Khazzan gas field

by Timothy Reeder | Apr 9, 2018 | News

BP today announced that, together with its partner the Oman Oil Company Exploration & Production, it has approved the development of Ghazeer, the second phase of the giant Khazzan gas field in Oman. The final investment decision (FID) for Ghazeer follows the...

Nord Stream 2 receives permit to use Finnish Exclusive Economic Zone for building pipeline

by Timothy Reeder | Apr 6, 2018 | News

Nord Stream 2 AG today received the Finnish Government’s consent for the use of the Finnish Exclusive Economic Zone (EEZ) for the construction of the Nord Stream 2 natural gas pipeline. The permit for a 374-kilometer offshore section running through the Finnish EEZ...