Oil and Gas Industry Latest News

20.04.2018 Statoil Awarding Billion NOK contract for Njord Bravo FSO

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.

16.04.2018 Shell Publishes New Report on Strategy for Energy Transition Friday, Apr 13, 2018

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.

16.04.2018 Statoil Сompletes Acquisition of US Gulf of Mexico Deepwater Discovery

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.

16.04.2018 Stena Drilling Ltd. Receives First DNV GL MPD Class Notation

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.

16.04.2018 Fortum Wins Contract to Supply the Biggest Solar Electricity System in Nordic History

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.

05.04.2018 LUKOIL Shares Its Experience in Environmental Risk Management

Today in Moscow, PJSC LUKOIL representatives participated in a conference titled "Environmental modernization of the Russian industrial sector" following the Year of Ecology results.

04.04.2018 DNV GL-led Consortium Finds Viable Business Case for Community Energy Storage

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.

04.04.2018 LUKOIL Lifts 15 Million Tonnes of Oil at the North Caspian Fields

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.

30.03.2018 LUKOIL Expands Presence in the Gulf of Mexico

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