Statoil awarding contracts on Trestakk

by Timothy Reeder | Nov 4, 2016 | News

Statoil is today, on behalf of the Trestakk license holders, awarding an EPCI contract to FMC Technologies and Technip Norge, and a topside contract to Aker Solutions, for deliveries to the Trestakk development. FMC Technologies and Technip will jointly deliver an...

BP third quarter 2016 results

by Timothy Reeder | Nov 4, 2016 | News

BP today reported a profit for the third quarter of 2016 of $933 million on an underlying replacement cost basis. This compares to $720 million profit for the previous quarter and $1.8 billion for the third quarter of 2015. The quarter’s result was affected by a...

Air BP achieves carbon neutral status across 250 airport operations

by Timothy Reeder | Nov 4, 2016 | News

Air BP has become the first aviation fuel supplier to achieve carbon neutrality for its into-plane fuelling services across an international network of over 250 Air BP operated facilities. The achievement follows a two-year journey, and was assured by the independent...

ExxonMobil Announces Significant Oil Discovery Offshore Nigeria

by Timothy Reeder | Nov 4, 2016 | News

Exxon Mobil Corporation recently announced a significant discovery with a potential recoverable resource of between 500 million and 1 billion barrels of oil on the Owowo field offshore Nigeria. The Owowo-3 well, which was spud on Sept. 23, encountered about 460 feet...

Statoil increases share in Byrding development

by Timothy Reeder | Nov 4, 2016 | News

Statoil has agreed to acquire Wintershall Norge’s 25% interest in the Byrding project on the Norwegian Continental Shelf (NCS). On conclusion of this transaction Statoil will increase its interest from 45% to 70%. Byrding (PL090B) is an oil and gas discovery in the...

Statoil delivers “solid operational performance with strong cost improvements and progress on project execution”

by Timothy Reeder | Oct 27, 2016 | News

Statoil reports net operating income of USD 737 million and adjusted earnings of USD 636 million in the third quarter of 2016. The third quarter was characterised by: Continued weak markets, planned maintenance and expensed exploration wells Strong operational...