BP invests in forest carbon offsets leader Finite Resources

by Timothy Reeder | Oct 31, 2019 | News

BP Ventures has invested $5 million in Finite Resources Inc, parent company of Finite Carbon, a US-based forest carbon management company. The investment will enable Finite Carbon to grow a new line of business to incentivize sustainable forest management,...

Eni starts production at Obiafu 41, in Nigeria

by Timothy Reeder | Oct 31, 2019 | News

Eni started gas and condensate production from the Obiafu 41 discovery, Niger Delta, just 3 weeks after well completion. The discovery contains approximately 28 billion cubic meters of gas and 60 million barrels of condensate, and the gas from this discovery will...

Three expanded power plants deliver additional 1 GW to Bolivia

by Timothy Reeder | Oct 31, 2019 | News

With the official inauguration of the Termoeléctrica de Warnes power plant in mid-September, all three power plants in Bolivia were inaugurated within a few weeks in August and September. Since the contract signing in 2016, Siemens has expanded Bolivia’s three largest...

Total’s First LNG Bunker Vessel Launched

by Timothy Reeder | Oct 31, 2019 | News

Total announces that its first large liquefied natural gas (LNG) bunker vessel has been launched, following the signature of a long-term charter contract between Total and Mitsui O.S.K Lines (MOL) in February 2018. After delivery in 2020, the bunker vessel will...

First oil from Johan Sverdrup to Mongstad

by Timothy Reeder | Oct 31, 2019 | News

Oil from the giant Johan Sverdrup field in the North Sea has arrived at the Mongstad plant north of Bergen. The event is being celebrated at the plant today. “This is a great day for Equinor and the Johan Sverdrup partnership, consisting of Lundin Norway, Petoro, Aker...

Siemens to supply gas turbines for new power plant in Pakistan

by Timothy Reeder | Oct 31, 2019 | News

Siemens along with partner Harbin Electric International, signed an agreement with K-Electric to build a 900-megawatt combined cycle power plant at the Bin Qasim Power Complex in Karachi.  K-Electric’s total investment for the project, known as Bin Qasim Power Station...