Aker Solutions said on November 22 it agreed to sell its well-intervention services business area to EQT, a Swedish private equity fund, for an enterprise value of NOK 4 billion.
The death toll from November 22 oil pipeline blasts in East China's Shandong province rose to 52 after four bodies were found at the scene, rescue headquarters said on November 24, China Daily has reported.
US oil giant Chevron has warned it may not be economically viable to proceed with a planned $10bn North Sea oil project, in a blow to hopes of a revival in the region, The Telegraph reported on November 22.
Petoro Iceland AS will team up with China’s CNOOC International Ltd. and Eykon Energy ehf to search for oil off Iceland’s northeast coast, Iceland’s National Energy Authority said, Bloomberg reported on November 22.
Turkey and the Kurdistan Regional Government’s (KRG) increasing dialogue on the distribution of Iraqi oil to world markets through Turkey pleases Washington, U.S. Energy Secretary Ernest Moniz said, the Turkish newspaper Hürriyet Daily News reported on November 23.
Russian authorities continue hydrocarbon mapping in Arctic waters and will strengthen its regional geopolitical position, including in the Spitsbergen archipelago, Barents Observer reported on November 22.
Investment in the Vladivostok LNG project will amount to $13.5 billion, Primorsky Territory Governor Vladimir Miklushevsky said after meeting Gazprom Chairman Aleksey Miller.
E.ON Russia investment will reach some EUR 450mn in 2013-14, director-general Maksim Shirokov told the forum ENES-2013.
Rosneft board has approved Vankorneft as the operator of the projects to develop the Lodochnoye, Suzunskoye and Tagulskoye fields and build a 150 MW power station to supply the fields with power.
Foreign investment in hydrocarbon exploration and production in the Turkmen sector of the Caspian Sea has exceeded $10bn, Itar-Tass has reported, citing information from an international conference on Turkmen oil and gas.