ExxonMobil Announces Significant Oil Discovery Offshore Nigeria

by Timothy Reeder | Nov 4, 2016 | News

Exxon Mobil Corporation recently announced a significant discovery with a potential recoverable resource of between 500 million and 1 billion barrels of oil on the Owowo field offshore Nigeria. The Owowo-3 well, which was spud on Sept. 23, encountered about 460 feet...

Statoil increases share in Byrding development

by Timothy Reeder | Nov 4, 2016 | News

Statoil has agreed to acquire Wintershall Norge’s 25% interest in the Byrding project on the Norwegian Continental Shelf (NCS). On conclusion of this transaction Statoil will increase its interest from 45% to 70%. Byrding (PL090B) is an oil and gas discovery in the...

Statoil delivers “solid operational performance with strong cost improvements and progress on project execution”

by Timothy Reeder | Oct 27, 2016 | News

Statoil reports net operating income of USD 737 million and adjusted earnings of USD 636 million in the third quarter of 2016. The third quarter was characterised by: Continued weak markets, planned maintenance and expensed exploration wells Strong operational...

FuelCell Energy and ExxonMobil Announce Location for Fuel Cell Carbon Capture Pilot Plant

by Timothy Reeder | Oct 27, 2016 | News

FuelCell Energy, Inc. and ExxonMobil announced today the selection of a location to test novel fuel cell carbon capture technology under development by the companies. The James M. Barry Electric Generating Station, a 2.7 gigawatt mixed-use coal and gas-fired power...

Gazprom and Mitsubishi discuss progress on Sakhalin II project

by Timothy Reeder | Oct 21, 2016 | News

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Ken Kobayashi, Chairman of the Board of Mitsubishi Corporation, took place at the Gazprom headquarters today. The parties discussed the prospects for cooperation as part of the...