Johan Sverdrup, the North Sea giant, is on stream

by Timothy Reeder | Oct 9, 2019 | News

On 5 October Equinor and the Johan Sverdrup partnership consisting of Lundin Norway, Petoro, Aker BP and Total, started production from the giant field in the North Sea, more than two months ahead of and NOK 40 billion below the original estimates in the Plan for...

BP chief executive Bob Dudley to retire, to be succeeded by Bernard Looney

by Timothy Reeder | Oct 9, 2019 | News

The Board of BP announced recently that, after a 40-year career with BP and over nine years as group chief executive, Bob Dudley, 64, has decided to step down as group chief executive and from the BP Board following delivery of the company’s 2019 full year results on...

Siemens to build industrial power plant at the Marl Chemical Park in Germany

by Timothy Reeder | Oct 1, 2019 | News

Siemens will build a highly efficient combined cycle power plant as a turnkey project at the Marl Chemical Park in North Rhine-Westphalia, Germany. The order was placed by the specialty chemical group Evonik Industries. The new industrial power plant will consist of...

ExxonMobil to Sell Norway Upstream Operations for $4.5 Billion

by Timothy Reeder | Oct 1, 2019 | News

ExxonMobil signed an agreement recently with Vår Energi AS for the sale of its non-operated upstream assets in Norway for $4.5 billion as part of its previously announced plans to divest approximately $15 billion in non-strategic assets by 2021. “Our objective is to...

Eni opens its bio-refinery in Gela

by Timothy Reeder | Oct 1, 2019 | News

Launched in August 2019, the plant has a processing capacity of up to 750,000 tonnes a year and will be able to treat increasing quantities of used vegetable oil, animal fat, algae and by-products to produce high-quality biofuels. Eni has opened the most innovative...