Rolls-Royce takes majority holding in power storage specialist Qinous

by Timothy Reeder | Jan 20, 2020 | News

Rolls-Royce will hold a 73.1% majority stake in Berlin-based electricity storage specialist Qinous GmbH from 15 January 2020. The Group is acquiring the shareholdings of all other current financial investors, including that of investment holdings company IBB...

TurkStream gas pipeline officially launched in grand ceremony

by Timothy Reeder | Jan 20, 2020 | News

A grand opening ceremony for the TurkStream gas pipeline took place today. Attending the event were Vladimir Putin, President of the Russian Federation, Recep Tayyip Erdogan, President of the Republic of Turkey, Aleksandar Vucic, President of the Republic of Serbia,...

BP agrees terms to sell North Sea interests in Andrew area and Shearwater to Premier Oil

by Timothy Reeder | Jan 20, 2020 | News

BP has agreed terms to sell its interests in the Andrew area in the central UK North Sea and its non-operating interest in the Shearwater field. BP operates the Andrew assets – comprising the Andrew platform, the Andrew (62.75%), Arundel (100%), Cyrus (100%), Farragon...

ExxonMobil Secures Exploration Acreage Offshore Egypt

by Timothy Reeder | Jan 20, 2020 | News

ExxonMobil said recently that it has secured more than 1.7 million acres for exploration offshore Egypt. “These awards strengthen our exploration portfolio in the Eastern Mediterranean,” said Mike Cousins, senior vice president of exploration and new ventures at...

EQUINOR: Third Largest NCS Field Starts Up

by Timothy Reeder | Dec 17, 2019 | Profiles

EQUINOR: Third Largest NCS Field Starts Up Supported by: For Equinor, operator of the Johan Sverdrup field in the North Sea, start of production and first oil are significant milestones in a major 50-year project. The oil and gas from this field will contribute to...