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Total and Pavilion Energy to Jointly Develop LNG Bunker Supply Chain, Singapore
July 9, 2018
France’s Total and Singapore’s Pavilion Energy have agreed to jointly develop a LNG bunker supply chain in the port of Singapore. The Heads of Agreement (HoA), which is expected to contribute to the development of Singapore as an LNG bunkering
Kongsberg to Provide Safety and Automation Systems for Johan Sverdrup Development, Norway
July 9, 2018
Kongsberg Maritime has secured a contract from Equinor Energy to deliver the Safety and Automation Systems (SAS) for the recently announced phase 2 of the Johan Sverdrup development in the Norwegian North Sea. Kongsberg Maritime’s selection for Johan Sverdrup phase
Equinor Secures Approval for $2.3 Billion Snorre Expansion Project, North Sea
July 9, 2018
Equinor and its partners have secured approval from the Norwegian Ministry of Petroleum and Energy for the plan for development and operation (PDO) for the NOK19bn ($2.3bn) Snorre Expansion Project. The Snorre expansion project is aimed at increasing recovery from
Ineos to Invest $3.15 Billion to Build Petrochemical Plants in Europe
July 6, 2018
Petrochemicals company Ineos has announced its plan to invest €2.7bn ($3.15bn) to build petrochemical plants including an ethane cracker and a Propane Dehydrogenation (PDH) unit in Northern Europe. The location of the petrochemical plants is yet to be finalized and
Equinor Submits $953 Million Plan for Third Phase of Troll Field Development, North Sea
July 6, 2018
Equinor and its partners in the Troll licence have submitted plan for development and operation to the Norwegian Ministry of Petroleum and Energy for the third development stage of the Troll field in the North Sea. Located about 80km west
Serica Energy Seeks Development Plan Approval for Columbus Gas Field, North Sea
July 2, 2018
UK-based oil and gas exploration and production company, Serica Energy is seeking development plan approval for the Columbus field located in Blocks 23/16f and 23/21a Columbus Subarea in the UK Continental Shelf (UKCS) Central North Sea. The firm has submitted
China National Petroleum Awarded Stakes in Two of Abu Dhabi’s Offshore Concessions
June 29, 2018
The China National Petroleum Corporation (CNPC), the world’s third largest oil company, has been awarded stakes in two of Abu Dhabi’s offshore concession areas following the signing of agreements with the Abu Dhabi National Oil Company (ADNOC). Under the terms
ExxonMobil Completes Purchase of Carcara Oil Field Interest, Offshore Brazil
June 29, 2018
ExxonMobil has completed the purchase of half of Equinor’s interest in the BM-S-8 block offshore Brazil, which contains part of the 2-billion-barrel, pre-salt Carcara oil field. “The Carcara oil field is an excellent example of the quality resources to be
Norway’s Equinor Awards $3.6 Billion in Drilling and Well Service Contracts
June 28, 2018
Norwegian firm Equinor has awarded a service contracts to provide integrated drilling and well services for most of the Equinor-operated fields on the Norwegian continental shelf. The contracts have been awarded to Baker Hughes Norge, Halliburton and Schlumberger Norge and
OPEC Reaches Decision on Oil Production Amid Gasoline Price Hikes
June 26, 2018
The Organization of Petroleum Exporting Countries (OPEC) was able to reach a tentative deal to increase oil production, overcoming disagreements from Iranian representatives and ultimately giving relief to drivers everywhere. Members of OPEC were able to reach a compromise during
