Statoil is awarding, on behalf of the Njord license, a contract to Aibel for upgrading of the Njord Bravo floating storage and offloading (FSO) vessel in the Norwegian Sea. The contract value is around NOK 1.3 billion.
Royal Dutch Shell plc (Shell) published a report outlining how its strategy should enable it to thrive as the world transitions to lower-carbon energy.
Statoil and Total have completed their acquisition of Cobalt International Energy’s 60% operated interest in the North Platte discovery in the US Gulf of Mexico for an aggregate purchase price of USD 339 million.
DNV GL has revised its classification rules for Managed Pressure Drilling (MPD) systems and introduced two new class notations DRILL(MPD) and DRILL(MPD READY). Stena Drilling Ltd.
Fortum won S Group’s competitive bidding process for the implementation of a solar electricity system on the rooftops of approx. 40 commercial buildings across Finland.
Crude Oil Production
Today in Moscow, PJSC LUKOIL representatives participated in a conference titled "Environmental modernization of the Russian industrial sector" following the Year of Ecology results.
Small-scale, grid-connected energy storage solutions – or “community batteries” – can have a viable business case, supporting the ongoing growth of decentralized energy generation resources.
PJSC LUKOIL reached the 15 million tonnes mark in terms of oil produced at the Yu. Korchagin and V. Filanovsky fields located in the North Caspian Sea.
Both fields are in their second construction stage.
As a result of the tender held on March 27 under the First stage of the Third Licensing Round in Mexico, LUKOIL in a consortium with the Italian company Eni has been awarded the contract right to the Block 28 located in the Gulf of Mexi