Statoil has signed an agreement to divest its 100% owned Kai Kos Dehseh (KKD) oil sands projects in the Canadian province of Alberta to Athabasca Oil Corporation (TSX: ATH).
The transaction covers the producing Leismer demonstration...Lees verder
U.S. crude oil proved reserves declined 4.7 billion barrels (11.8%) from their year-end 2014 level to 35.2 billion barrels at year-end 2015, according to U.S. Crude Oil and Natural Gas Proved Reserves, Year-end 2015, released today...Lees verder
Production drilling has started on the Statoil operated Mariner field in the UK North Sea. Up to five wells will be drilled before the Mariner A platform hook up and commissioning activity starts next summer. First...Lees verder
BP has sanctioned the Mad Dog Phase 2 project in the United States, highlighting its long-term commitment to the country despite the current low oil price environment.
Mad Dog Phase 2 will include a new floating...Lees verder
De ondergrond is belangrijk voor winning van drinkwater en energie zoals gas en aardwarmte. Het is belangrijk dat het gebruik van de ondergrond op een veilige, duurzame en efficiënte manier wordt ingevuld. Daarom heeft het...Lees verder
The Oil and Gas Climate Initiative (OGCI) today announced an investment of $1 billion over the next ten years, to develop and accelerate the commercial deployment of innovative low emissions technologies. OGCI Climate Investments (OGCI CI)...Lees verder
Vopak Horizon Fujairah Limited celebrates the commissioning of the 7th phase of expansion, known as Project Black Pearl, adding 478,000 cubic meters (cbm) of crude oil storage capacity to increase the facility’s total capacity to...Lees verder
Royal Dutch Shell plc, through its affiliate Shell Canada Energy (“Shell”) today announced it has agreed to sell approximately 206,000 net acres of non-core oil and gas properties in Western Canada to Tourmaline Oil Corp....Lees verder
Iraqi oil production outperformed expectations in 2015, after numerous years of disappointing growth. Iraqi production, including output from the semi-autonomous Kurdish region, rose by 0.62 mb/d to above 3.9 mb/d in 2015, the fastest growth...Lees verder
Aker Solutions has been awarded the contract for upgrading the Mongstad terminal for Johan Sverdrup oil from late 2019. Its value estimated at NOK 350 million, the contract includes engineering, procurement and the construction of...Lees verder
In 2015, oil demand growth, which surprised on the upside, was responsible for most of the adjustment in the oil market imbalance. In 2016, oil demand growth started slowing down and the baton of adjustment...Lees verder
Global crude distillation unit (CDU) capacity will grow by 16.7% by 2020 based on planned and announced refineries, according to research and consulting firm GlobalData. Current capacity is 98.9 million barrels per day (mmbd), with...Lees verder
On Monday 19 September minister of petroleum and energy Tord Lien together with Statoil, Centrica and ExxonMobil celebrated the 5 billion barrels of oil equivalent delivered by Statfjord since first oil in 1979.
The minister got...Lees verder
Shell has reached an agreement with Dansk Olieselskab ApS for the sale of A/S Dansk Shell in Denmark, which consists of the 70 thousand barrels per day Fredericia refinery and local trading and supply activities,...Lees verder
Statoil’s proposed impact assessment programme for the Johan Castberg project reveals that the project will be important to Norwegian industry and have strong ripple effects. Statoil has today, as operator for the Johan Castberg project,...Lees verder
New independent commercial advisor role will advise Cyprus Hydrocarbons Company (CHC) on oil and gas sales through to development strategies to help the Cypriot oil and gas industry achieve its operational targets.
Cyprus Hydrocarbons Company (CHC),...Lees verder
Analysis of oil price shocks using fundamental measures has for years puzzled researchers. Recent theoretical and empirical work has made considerable improvements on how to model the global oil market. Yet, many studies document a...Lees verder
De afzetprijzen van de Nederlandse industrie waren in juli 5,8 procent lager dan in juli 2015, meldt CBS. De afname in juli is weer iets kleiner dan in de voorgaande maand. Exclusief de aardolie-industrie is...Lees verder
Statoil aims to conduct a major exploration campaign in several parts of the Barents Sea in 2017. The company is also strengthening its position in the area through several transactions with other companies.
“We have worked...Lees verder
Statoil and Petrobras took a step forward in strengthening their cooperation in Brazil by signing a Memorandum of Understanding (MoU).
The intention of the MoU is to evaluate joint participation in future tenders for exploration areas...Lees verder
