Statoil oil discovery on UK continental shelf

by Timothy Reeder | Oct 11, 2017 | News

Statoil and partners have made an oil discovery in the Verbier sidetrack well in the outer Moray Firth on the UK Continental Shelf, proving a minimum of 25 million recoverable barrels of oil in the immediate vicinity of the wellbore. The preliminary results suggest...

Gazprom and Saudi Aramco sign Memorandum of Understanding

by Timothy Reeder | Oct 11, 2017 | News

Viktor Zubkov, Chairman of the Gazprom Board of Directors, and Amin H. Nasser, President and CEO of Saudi Arabian Oil Company, signed in Moscow a Memorandum of Understanding for international cooperation in the gas sector. The signing ceremony took place on the...

Siemens receives power plant order from Pakistan

by Timothy Reeder | Oct 6, 2017 | News

Siemens has received an order from Pakistan for a complete power island for the new combined cycle Punjab Power Plant Jhang. The order was placed by the China Machinery Engineering Corporation (CMEC). As EPC contractor the Chinese company is building the project for...

ExxonMobil Announces Fifth Discovery Offshore Guyana

by Timothy Reeder | Oct 5, 2017 | News

Exxon Mobil Corporation today announced it made a fifth new oil discovery after drilling the Turbot-1 well offshore Guyana. Turbot is ExxonMobil’s latest discovery to date in the country, adding to previous discoveries at Liza, Payara, Snoek and Liza Deep. Following...

Gazprom and Fortum discuss cooperation in power generation sector

by Timothy Reeder | Oct 5, 2017 | News

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Pekka Lundmark, President and CEO of Fortum, took place today at the Energy Efficiency and Energy Development International Forum ‘Russian Energy Week’ in Moscow....

Statoil Looks to Solar Industry For Growth

by Timothy Reeder | Oct 4, 2017 | News

Statoil has signed an agreement to acquire a 40% share in the construction ready 162MW Apodi solar asset in Brazil from Scatec Solar, a Norwegian independent solar power producer. The project will provide approximately 160.000 households with electricity. Statoil and...