Construction start on Johan Sverdrup riser platform

by Timothy Reeder | Jul 1, 2016 | News

The riser platform construction start was marked today at the Samsung Heavy Industries yard in South Korea. Project director for Johan Sverdrup Kjetel Digre (from right), project manager for the riser platform and the processing platform Ståle Nordal and head of...

Statoil completes transaction in UK licence for Utgard field

by Timothy Reeder | Jun 28, 2016 | News

On 22 June 2016, Statoil and JX Nippon completed their previously announced transaction whereby Statoil has acquired JX Nippon’s 45% equity share in, and operatorship of, the UK licence for the Utgard field. Through this transaction Statoil now has a 100% interest in...

Gazprom and CNPC sign Memorandum of Understanding on underground gas storage and gas-fired power generation

by Timothy Reeder | Jun 28, 2016 | News

Alexey Miller, Chairman of the Gazprom Management Committee, and Wang Yilin, Chairman of the Board of Directors of CNPC, today signed in Beijing a Memorandum of Understanding in the field of underground gas storage and gas-fired power generation. The signing ceremony...

Total obtains a 30% interest in the giant Al-Shaheen field concession for 25 years

by Timothy Reeder | Jun 28, 2016 | News

Total has signed an agreement with Qatar Petroleum, granting the Group a 30% interest in the concession covering the offshore Al-Shaheen oil field for a period of 25 years beginning July 14, 2017. The Al-Shaheen field produces 300 thousand barrels of oil per day. The...

Siemens and Gamesa to merge wind businesses to create a leading wind power player

by Timothy Reeder | Jun 24, 2016 | News

Siemens and Gamesa have signed binding agreements to merge Siemens’ wind power business, including wind services, with Gamesa to create a leading global wind power player. Siemens will receive newly issued shares of the combined company and will hold 59 percent...

BP sanctions “fast-track” development of Atoll discovery in Egypt

by Timothy Reeder | Jun 21, 2016 | News

BP announced today that together with the Egyptian Natural Gas Holding Company (EGAS), it has sanctioned development of the Atoll Phase One project which is an early production scheme that will bring up to 300 million cubic feet a day (mmscfd) gross of gas to the...