MHI Vestas Offshore Wind appointed preferred supplier for 370 MW project in Belgium

by Timothy Reeder | Feb 18, 2016 | News

Norther N.V. has selected MHI Vestas Offshore Wind as the preferred supplier for delivery of V164-8.0 MW turbines for the 370 MW Norther project in Belgium. MHI Vestas Offshore Wind has won a competitive tender process and has been awarded preferred supplier status...

RWE sets course for successful development in difficult market environment

by Timothy Reeder | Feb 17, 2016 | News

RWE achieved its operating earnings goals for 2015 despite unfavourable framework conditions in the energy sector. Based on unaudited pro-forma figures, the Group posted an operating result of €3.8 billion and adjusted net income of €1.1 billion. These figures are...

Gazprom taking comprehensive cost optimization measures

by Timothy Reeder | Feb 17, 2016 | News

The Gazprom Board of Directors took notice of the information about the cost optimization (reduction) trends across Gazprom Group in 2016. It was highlighted that Gazprom pursued the consistent policy of improving the cost management practices, reducing operating...

Statoil agrees farm-in with OMV in New Zealand

by Timothy Reeder | Feb 17, 2016 | News

Statoil has agreed with OMV to acquire a 30% working interest in Petroleum Exploration Permit (PEP) 57073. This will further strengthen Statoil’s position in New Zealand. The permit covers an area of 9,800 square kilometres in the East Coast Basin, and sits in water...

BP proud of Salah start up

by Timothy Reeder | Feb 16, 2016 | News

In Salah Gas, a joint venture between Sonatrach, BP and Statoil today announced the start-up of its Southern Fields project. The project is the latest stage in the development of seven gas fields in central Algeria. The In Salah Gas joint venture commenced production...

Start-up at In Salah Southern Fields

by Timothy Reeder | Feb 16, 2016 | News

Statoil and partners Sonatrach and BP have announced the startup of its Southern Fields project on In Salah in Algeria. The Statoil production from the southern fields will be around 22 000 equity barrels oil equivalents per day in 2016. “Algeria is an important...