Total has signed an agreement to sell 20% of its interests in the Laggan, Tormore, Edradour and Glenlivet fields, located in the West of Shetland area, to SSE E&P UK Limited Ltd for £565 million (around $876 million), subject to the customary approvals.
Production from the Gullfaks South (GSO) fast-track project for improved oil recovery in the North Sea started on 27 July. GSO will increase the output from the Gullfaks area by around 65 million barrels of oil equivalent.
Today, the Board of Directors of PJSOC Bashneft has elected Alexey Teksler, the First Deputy Minister of Energy, as Chairman of the Board of Directors in accordance with a directive from the Government of the Russian Federation.
On August 22, 2000, American author, journalist and academic adventurer Thomas Goltz and a group of motorcycle riders from almost as many countries began their first Oil Odyssey from Baku and traveling entire length of then-only proposed Baku-Tbilisi-Ceyhan oil pipeline delivered first symbolic Azerbaijani crude oil to the Mediterranean port of Ceyhan in Turkey.Goltz’s URAL-style motorcycle was the lead vehicle in this historic journey.
In an interview with international news agency Trend.az,William Lahue, NATO Liaison Officer in the South Caucasus, has stressed the importance of protection from fluctuations for countries with multiple sources of supply.
15-18 September 2015 RAO / CIS Offshore 2015 will gather in St. Petersburg, government representatives and specialists of domestic and foreign companies and leading scientists to discuss the most important issues of development of the Arctic and continental shelf.
Rosneft and Statoil ASA completed drilling works as part of the Pilot Project at the PK1 layer of the North-Komsomolskoye field. During 2015 the companies jointly drilled 2 horizontal exploitation wells.
On July 8, SOCAR’s delegation led by the Company’s President Rovnag Abdullayev held a number of bilateral meetings with the officials of Japanese government and companies during their business trip to Japan.
July 9, Rosneft Chairman of the Management Board Igor Sechin held a working meeting at RN-Yuganskneftegaz to address issues pertaining to the production of crude and liquid hydrocarbons by the Company’s subsidiaries.
Rosneft Chairman of the Management Board Igor Sechin and Egyptian General Petroleum Corporation (EGPC) General Director Tarek El-Molla signed a Term Sheet for prospective supplies of oil products and liquefied petroleum gas (LPG) delivered by Rosneft to the Egyptian company.
GE and Statoil’s Sustainability Collaboration has launched the call for entries for its second Open Innovation Challenge focusing on water usage in the development of onshore unconventional oil and gas reservoirs.
Statoil is awarding Baker Hughes Norway the onshore contract for integrated drilling services for Johan Sverdrup. The estimated contract value is NOK 1.5 billion and is valid for six years with a four-year extension option for the entire field life.
Demonstrating continued sustainability leadership, SunPower announced today that its E-Series and X-Series Solar Panels manufactured at the company's facilities in France are Cradle to Cradle CertifiedTM Silver.
During his first keynote speech in front of the oil and gas community at last year’s New Libya Oil & Gas 2014 Forum, Mustafa Sanallah, Chairman of the Libyan NOC, stated that production output is his highest priority. Indeed, a major oil company operating in the country just announced that their production in Libya has now exceeded the pre-revolution levels.