Statoil launches USD 200m new energy investment fund

by Timothy Reeder | Feb 16, 2016 | News

Statoil today launches a new venture capital fund dedicated to investing in attractive and ambitious growth companies in renewable energy, supporting its strategy of growth in new energy solutions. The new fund, Statoil Energy Ventures, will invest up to USD 200...

Steel cut for Johan Sverdrup

by Timothy Reeder | Feb 15, 2016 | News

On Monday 15 February 2016 Haugesund mayor Arne-Christian Mohn started the machine cutting the steel for the Johan Sverdrup drilling platform. This marks the start of the construction of the Johan Sverdrup drilling platform at Aibel’s yard in Haugesund. “Aibel won the...

BP deepens commitment to Oman; to extend licence and develop second phase of major Khazzan gas field

by Timothy Reeder | Feb 15, 2016 | News

BP and Oman Oil today signed a heads of agreement with the Government of the Sultanate of Oman committing to amend the Oman Block 61 exploration and production sharing agreement (EPSA), extending the licence area of the block and enabling a further development of the...

Siemens to supply turnkey solution for power plant in Nigeria

by Timothy Reeder | Feb 12, 2016 | News

Siemens has received an order for the key components of the Azura-Edo IPP power plant in the south of Nigeria. The turnkey plant with a total installed electrical generating capacity of 459 megawatts (MW) will be erected in collaboration with the local Julius Berger...

Alexey Miller: “Gazprom and pipe companies to continue systemic work on import substitution”

by Timothy Reeder | Feb 12, 2016 | News

Alexey Miller, Chairman of the Gazprom Management Committee held today at the Company’s headquarters a meeting on cooperation with Russian pipe companies. Taking part in the meeting were Andrey Kruglov and Vitaly Markelov, Deputy Chairmen of the Gazprom...

World’s Largest Concentrated Solar Plant Opened in Morocco

by Timothy Reeder | Feb 11, 2016 | News

Morocco recently launched the first phase of the largest concentrated solar power (CSP) plant in the world.  When fully operational, the plant will produce enough energy for more than one million Moroccan households. Inaugurated officially by His Majesty Mohammed VI...