Statoil awarded six licensing options offshore Ireland

by Timothy Reeder | Mar 3, 2016 | News

Statoil Exploration (Ireland) Limited has been awarded six Licensing Options in Ireland’s 2015 Atlantic Margin Licensing Round. Statoil will be the operator of four Licensing Options and partner in two Licensing Options, operated by ExxonMobil Exploration and...

Eni’s new successful exploration activities in Egypt

by Timothy Reeder | Mar 3, 2016 | News

Eni successfully drilled the “Nidoco North 1X” well, in the exploration prospect of “Nooros East”, located in the Abu Madi West license, in the Nile Delta, Egypt. The new find start up is expected by the end of March 2016 and will allow the...

ExxonMobil Focuses on Business Fundamentals; Paced, Disciplined Investing

by Timothy Reeder | Mar 3, 2016 | News

ExxonMobil is achieving industry-leading financial performance throughout the commodity price cycle by maintaining a focus on the fundamentals, selectively investing in the business and paying a reliable and growing dividend, Rex W. Tillerson, chairman and chief...

Production drilling started on Johan Sverdrup

by Timothy Reeder | Mar 1, 2016 | News

At 00:00 on Tuesday 1 March the Deepsea Atlantic drilling rig commenced on the first of a total of 35 wells to be drilled in the first phase of the Johan Sverdrup field development. “The Deepsea Atlantic drilling rig is currently predrilling the first production well...

RWE expands natural gas business in Hungary

by Timothy Reeder | Feb 25, 2016 | News

RWE is acquiring the business and industrial customers of TIGÁZ, a subsidiary of Italian energy utility Eni. Hungary’s ELMU-ÉMÁSZ Group, a subsidiary of RWE, could see its share of the Hungarian competitive market for gas rise to around ten percent as a consequence....

Eni: Approval of the development plan for Eni’s Coral discovery offshore Mozambique

by Timothy Reeder | Feb 25, 2016 | News

Eni announces the approval of the Plan of Development for the Coral discovery, offshore Mozambique. The approval has been granted by the Government of Mozambique’s Council of Ministers. The approval relates to the first phase of development of 5 trillion cubic feet of...