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Total and Shell Join Statoil in Norwegian CO2 Storage Project
October 5, 2017
Total and Shell have partnered with Statoil to advance the development of carbon storage on the Norwegian continental shelf (NCS). Statoil will lead the project which will have Total and Shell’s respective Norwegian subsidiaries Norske Shell and Total E&P Norge
Subsea Integration Secures Construction Contract for Fortuna LNG Project, Offshore Guinea
October 5, 2017
Subsea Integration Alliance has bagged the upstream construction contract for the $2bn Fortuna floating liquefied natural gas (FLNG) project, offshore Equatorial Guinea. Subsea Integration Alliance is a partnership between Subsea 7 and OneSubsea, a Schlumberger company. The contract, which is
Natural Gas Comes to the Rescue at Power Plants Amid Coal Shortage, India
October 5, 2017
Natural gas — a clean fuel vastly underutilized in India — came to the rescue of power plants recently faced with shortage of coal supplies, an industry leader said on Wednesday. “Around three weeks back some power plants were suddenly
Nord Stream 2 Seeks Finnish Permits for Offshore Export Gas Pipeline
October 3, 2017
Nord Stream 2, a subsidiary of Russian gas giant Gazprom, has applied for two permits with the Finnish government to lay out its twin 1,200km international offshore natural gas pipelines through the Baltic Sea. The Swiss project developer has filed
Fortum to Launch $9.5 Billion Takeover Offer for German Utility Uniper
October 3, 2017
Finnish state-controlled utility Fortum is set to launch a takeover offer of EUR8.05bn to German energy company Uniper in an all-cash deal. In this regard, Fortum has signed a transaction agreement with E.ON wherein the latter will have the right
First Shipment of U.S. Crude Oil Reaches India
October 3, 2017
In a move of diplomatic and economic significance, India on Monday received its first crude oil cargo of 1.6 million barrels from the US at the Paradip Port, Odisha . The consignment, ordered by Indian Oil Corp (IOC), will process
Lukoil Commissions New Gas Facilities at Gissar Project, Uzbekistan
October 2, 2017
Russian oil firm Lukoil has commissioned new facilities at Gissar cluster of fields in Uzbekistan. The company has commissioned new operational facilities at South-West Gissar project, comprising of gas treatment plant that holds capacity to produce 4.4 billion cubic meters
Gazprom Neft Launches Pilot Project at Severo-Samburgskoye Oil Field, Russia
October 2, 2017
Gazprom Neft subsidiary Gazpromneft-Yamal has started pilot oil production from the Achimov deposits at its Severo-Samburgskoye oil field in Russia. The oil field is located in the Purovsky district of Yamalo-Nenets Autonomous Okrug. Gazpromneft-Yamal has recommissioned and tested the well
Petrobras Acquires Rights for Seven Blocks in Brazil’s 14th Bidding Round
October 2, 2017
Petróleo Brasileiro (Petrobras) has acquired exploration and production rights for seven blocks during Brazil’s 14th bidding round. The Brazilian state-run oil company says that it had bagged rights for six offshore blocks and an onshore block in the auction held
Brazil Raises $1.19 Billion from Sale of 37 Blocks in 14th Bidding Round
October 2, 2017
Brazil sold oil and gas exploration and production rights for 37 blocks, during its 14th bidding round, to 17 companies to raise a sum of R$3.8bn ($1.19bn). The auction was held by the country’s oil regulator, Agência Nacional do Petróleo,
